Home>Square Loans FAQ

Your Credit Rating and Square Loans FAQ

If you received a loan offer through Square and you’re wondering if applying could affect your credit rating, review the questions below.

Does applying for a Square loan affect my credit score?

No, applying for a Square loan doesn’t affect your credit score.

Does my credit score impact my eligibility?

No, Square loan offers are based on processing and account history. For additional details about our eligibility process, take a look at Square Loan Eligibility FAQ.

Does Square loan help me build my credit score?

No, a Square loan doesn’t impact your credit score, either negatively or positively. We can provide a letter of completion after full repayment of your loan, but you will not see an impact to your credit score.

I have a loan with Square. Will you provide a letter of reference?

We don’t provide credit references. We apologise for any inconvenience.

Once my loan is complete, will I receive a letter of confirmation?

We don’t automatically supply a letter of completion, but our team can provide one if requested. Please contact us to start your request.

All loans are issued by Square AU Pty Ltd. (ABN 38 167 106 176). Valid Australian bank account is required. Actual fee depends upon payment card processing history, loan amount and other eligibility factors. A minimum payment of 1/18th of the initial loan balance is required every 60 days and full loan repayment is required within 18 months. Loan eligibility is not guaranteed. Eligibility criteria include consistent and continuous payment card processing through Square. All loans are subject to credit approval. Terms and conditions apply.

Square Privacy Policy

Can't find what you need?