What are the requirements for obtaining a loan from Brigit?

To obtain a loan from Brigit, an individual must meet specific requirements set forth by the platform. Firstly, one needs to have a checking account with an active history for at least 60 days that is primarily used by the individual applying for the loan. This account should have a positive balance and a record of at least three recurring direct deposits from the same employer or deposit source. Additionally, there are financial criteria that the applicant’s bank account must meet, such as maintaining an average daily balance above a certain minimum threshold and demonstrating sufficient activity. The app also assesses the account for any indications of financial health that align with Brigit's underwriting criteria which could include factors such as income stability and the frequency of bank overdrafts. It's important to note that eligibility also depends on whether Brigit supports the bank one uses. All these measures ensure that Brigit can provide services responsibly and lend support to those who are most likely to benefit from it and repay the advance in due time.