Glow determines the Annual Percentage Rate (APR) during the loan application process.
Glow reviews the information you provide and performs a soft credit check through a credit bureau to assess your application.
Based on this information, Glow determines:
- Whether you're eligible for a loan, and
- Notify you of the APR available for your loan.
If you’re prequalified and choose to proceed with the loan, Glow will perform a hard credit check that will be recorded on your credit file and will impact your credit score.