Unsecured Revolving Loans

Required Language

• The following must be disclosed within TOS and on user's application screen:

  • "All loans are made by Synapse Credit LLC, NMLS 1971454, a licensed U.S. lender in designated States. Loans are [unsecured and/or secured], fully amortized personal loans. Eligibility for a loan is not guaranteed."

Create Unsecured Revolving Loan

1. Display Loan Summary

2. Create the Repayment Node

   1. Synapse Deposit Node

   2. Linked account

3. Create a preview of the loan agreement

4. Display Disclosure to User:

   1. Required Language: “The bank services are provided by Synapse's partner banks, Members FDIC. By accepting the terms of this loan on <Insert Platform Name>, you agree to Synapse’s Consumer Loan Agreement.”

   2. Display loan Agreement

5. Collect Affirmative Consent from the User

6. Run Credit Decisioning

7. Create a Revolving LOAN-US Node

Notes:

• Do not set the reserve_node_id when creating and previewing the node