Are there any issues with offering a $10 gift card for applying for a loan?

Did you find anything on this? We are doing something similar, expect it must be done in conjunction with a new DDA.

For a non-interest bearing DDA you are fine per Reg Q you would have a bonus if the account is interest bearing per Reg DD. If they can get more than one then you have IRS reporting to do but thats all.
I don't know about loans but would say that it would fall under Reg Z and would have to be disclosed if you can do it at all.

I think that you need to revisit these statements:

"For a non-interest bearing DDA you are fine per Reg Q you would have a bonus if the account is interest bearing per Reg DD. "

Defining a bonus under Reg DD has nothing to do with whether or not the account in interest bearing. It has to be more than $10, similar to the requirements of Reg Q.


"If they can get more than one then you have IRS reporting to do but thats all."

A 1099INT is triggered at $10 and this would require that you report this as interest on non-interest bearing accounts and add this amount to the interest paid on interest bearing accounts.