Individual, third party lenders have different minimum requirements, but the following constitute typical minimum requirements: Be at least 18 years of age or older Have a checking or savings account with direct deposit Have regular income of at least $1,000 per month Have a fair credit rating (for personal loans only) Must Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps, or Navy (or a dependent thereof), serving on active duty under a call or order that does not specify a period of 30 days or less