Borrow on your terms. No judgment, no debt traps.
We’ve been in your shoes, we wanted options. Borrowing from friends and family can get complicated. Payday loans and credit cards can make a tough situation worse.
SoLo borrowing is here to help you, not trap you. You set the terms of your loan. All fees in tips and donations are optional and voluntary.
There’s no complex approval process to make a request. Just create your account, verify some basic information about yourself, and you’re in the SoLo community.
Request a loan. Set a tip amount, if any.
Create a borrow request explaining how much you need, what you need it for, when you’ll repay it and the tip you’re offering.
You’ll get a notification when another SoLo member agrees to lend you the money.
Get money when you need it.
Once a member offers to fund your request, there’s no waiting. The money shows up instantly — so you have it when you need it. This entire process from request to money in your account typically takes less than 20 minutes.
When you borrow through the SoLo community, there are no surprise charges. There’s no compound interest to keep your debt growing.
You just pay what you said you’d pay, when you said you’d pay it.
We even help you track what you owe so the due date doesn’t sneak up on you.
Build good credit history.
Join SoLo’s Credit Builder program, so your actions in the SoLo community and in connected bank accounts establish your credit history.