
Best Of Product
Achieve Personal Loans
Would you recommend Achieve Personal Loans to your friends?
Community Rating | Mostly not recommended |
APR (Fixed APR) |
8.99% - 35.99% (Verified 11/17/2023)
|
Loan Amount | $5,000 - $50,000 |
Loan Term (Months) | 24 - 60 months |
Number of Reviews | 21 |
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
Pros | Cons |
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Achieve Personal Loans FAQ
What interest rates and personal loan terms does Achieve Personal Loans offer?
What interest rates does Achieve Personal Loans offer?
Achieve Personal Loans offers a fixed APR personal loan product that ranges from 8.99% APR up to 35.99% APR.
How much can you borrow via Achieve Personal Loans?
Personal loan amounts start at $5,000and go up to $50,000
What is the maximum loan term you can get with Achieve Personal Loans?
Achieve Personal Loans offers loans with terms of up to 60 months.
Personal Loan Amount | $5000 - $50000 |
Loan Term | 24 - 60 months |
APR | 8.99% - 35.99% |
What fees does Achieve Personal Loans charge?
Does Achieve Personal Loans charge an origination fee?
Achieve Personal Loans may charge a personal loan origination fee of up to 6.99% of the personal loan amount.
Does Achieve Personal Loans charge a late fee?
Yes, Achieve Personal Loans may charge borrowers a late payment fee if you miss one of the monthly payments of up to $15, which is triggered if you're 10 days late.
Does Achieve Personal Loans charge prepayment fees?
No, Achieve Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
Origination Fee | up to 6.99% |
Prepayment Fee | No |
Late Payment Fee | $15 |
What do you need to qualify for Achieve Personal Loans?
Applicants with a credit score of at least 620 and up to 850 may be eligible for Achieve Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.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
Minimum Age | 18 |
Bank Account Required? | Yes |
Application Types Accepted |
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Credit Score | 620 - 850 |
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.
Message From Achieve Personal Loans
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Delaware
- Florida
- Georgia
- Idaho
- Illinois
- Indiana
- Iowa
- Kentucky
- Louisiana
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Washington
- Washington, DC
Feature Breakdown
Late Fee Amount | $15 |
Late Fee Grace Period | 10 days |
No Prepayment Fee |
(Verified 11/17/2023) |
Origination Fee (%) | Up to 6.99% |
Achieve Personal Loans Community Reviews
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