Boosts are like an online high five... simple to give and get.
When a friend joins MoneyLion and Boosts you, you’ll start earning loan rate discounts - up to 50% or a flat 36% APR. Best of all your discount will apply to all loans you get at MoneyLion. You could save thousands of dollars.
Your friend will also get 100 points for Boosting you, which they can later redeem for gift cards.
Customers can earn a loan rate discount by receiving Boosts from friends and family. Actual discount is determined by the non-discounted loan APR that customer initially qualifies for. For loans with an APR less than or equal to 36% the following discount schedule applies: 5-9 Boosts = 2.5% discount, 10-14 Boosts = 5% discount, 15-19 Boosts = 7.5% discount, 20-24 Boosts = 10% discount, 25-29 Boosts = 12.5% discount, 30+ Boosts = 15% discount. You must also meet MoneyLion’s criteria for credit, including minimum income requirements, affordability requirements, and confirmation of identity. If you meet the criteria for this offer, the actual loan amount and annual percentage rate you receive will depend on a number of factors including your creditworthiness and your ability to repay as well as applicable law limitations.