Eligibility Criteria
An overview of the general factors we consider when reviewing an application. Specific requirements may vary depending on the applicant's country and the applicable lending arrangements.
What we consider when reviewing an application
Our eligibility assessment is designed to ensure responsible lending and to comply with applicable laws in each market we serve. Below are the most common factors considered when reviewing an application.
Specific eligibility requirements may vary according to the applicant's country and the applicable lending arrangements. Final eligibility is confirmed during the review of your application.
Start an Application- Country of residenceApplicants must reside in a country we currently serve.
- Age requirementsApplicants must meet the minimum age requirement in their jurisdiction.
- IncomeA regular, verifiable source of income is required.
- Employment or businessEither employment or an active business activity is typically required.
- AffordabilityThe financing must be reasonable given the applicant's financial situation.
- Credit historyWhere applicable, a credit assessment may be carried out.
- Identity verificationValid identification documents must be provided.
- DocumentationSupporting documents may be required as part of the review process.
Detailed eligibility considerations
Each application is reviewed individually. The list below describes the most common factors that may affect eligibility.
Minimum Age
Applicants must be at least 18 years old, or the legal age of majority in their country of residence, whichever is higher.
Residency
Applicants must be legal residents of a country currently served by AvenFund Loan and provide a verifiable residential address.
Income
Applicants must demonstrate a regular, verifiable source of income sufficient to support the requested financing.
Employment or Business Status
Applicants should have a stable employment relationship or be operating a registered business with verifiable activity.
Affordability
An affordability assessment may be carried out to ensure that the financing is suitable for the applicant's circumstances.
Credit History
Where applicable, a credit assessment may be carried out. Specific credit requirements may vary by country and product.
Identity Verification
Valid government-issued identification and, where applicable, proof of address may be requested during the verification stage.
Supporting Documentation
Additional documents may be required depending on the loan type, the amount requested and the applicant's country of residence.
Local Regulations
Each application is reviewed in light of the local laws of the applicant's country. Some products or amounts may be restricted.