Achieve Personal Loans

Achieve Personal Loans Review

Achieve Personal Loans is offered by Achieve, a nonbank financial services provider founded in 2002 and based in Tempe, AZ. Achieve Personal Loans are available in 40 states (and Washington, DC).

Key Takeaways

• APRs starting at 8.99%. These are typical starting rates for personal loans.
• Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
• Large loan amounts. You can apply for loan amounts of up to $50,000 with Achieve Personal Loans.
• Strongly recommended. 9 out of 21 SuperMoney community members recommended Achieve Personal Loans.
• Prequalified rate. You can check your prequalified rate at Achieve with a soft pull that will not affect your credit score.
• Origination fees of up to 6.99%. This is on the high end for lenders on SuperMoney's database. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
• Coborrower applications accepted. Applying for Achieve Personal Loans with a coborrower who has better credit than you could improve your chances of approval and may help you qualify for lower interest rates.

Achieve Personal Loans Pros & Cons

Achieve Personal Loans FAQ

What interest rates and personal loan terms does Achieve Personal Loans offer?

What fees does Achieve Personal Loans charge?

What do you need to qualify for Achieve Personal Loans?

Achieve Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Achieve Personal Loans only considers borrowers who are employed. Note that borrowers can add a co-borrower to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Achieve Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Achieve Personal Loans.

To qualify, applicants may need to provide the following documentation:

• Applicants must have an active and valid personal checking account
• Recent pay stubs
• Proof of income
• Driver's license
• Government issued photo ID
• Proof of citizenship or residence permit

What is the estimated funding time for a personal loan via Achieve Personal Loans?

Achieve Personal Loans will typically approve (or deny) a loan application within 48 hours and fund loans within 3 business days of approval.

Does Achieve Personal Loans report your account activity to credit bureaus?

Yes, Achieve Personal Loans reports your account activity to the following credit reporting agencies:

• Equifax
• Experian

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Are Achieve Personal Loans legit?

Achieve was founded in 2002, it is a well-established company that has been in business for 21 years. Achieve Personal Loans are mostly not recommended by SuperMoney community users.