Last Updated: 04/18/2025
Align Income Share Funding
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Last Updated: 04/18/2025
SuperMoney User Recommendation Score -18
Mostly not recommended28 total votes
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Highlights
Community Rating
Mostly not recommended
APR (Variable APR)
37% - 94%(Verified 06/21/2024)
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Amount Range
$1,500 - $12,500
Loan Term (Months)
24 - 60
Number of Reviews
Align Income Share Funding Review
Align Income Share Funding is offered by Align Income Share Funding, a direct lender founded in 2011 and based in Chicago, IL. Align Income Share Funding are available in 6 states.
Key Takeaways
- Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging. Personal loan interest rates typically range between 9% and 36%. The starting rates for Align Income Share Funding are on the higher end of the market.
- Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
- Prequalified rate. You can check your prequalified rate at Align Income Share Funding with a soft pull that will not affect your FICO or VantageScore.
- No origination fee. Align Income Share Funding does not charge a loan origination fee.
Align Income Share Funding Pros & Cons
| Pros | Cons |
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Align Income Share Funding FAQ
What interest rates and personal loan terms does Align Income Share Funding offer?
Align Income Share Funding has higher than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Align Income Share Funding offer?
Align Income Share Funding offers a variable APR personal loan product that ranges from 37% APR up to 94% APR.
How much can you borrow via Align Income Share Funding?
Personal loan amounts start at $1,500 and go up to $12,500
What is the maximum loan term you can get with Align Income Share Funding?
Align Income Share Funding offers loans with terms of up to 60 months.
| Personal Loan Amount | $1500 - $12500 |
| Loan Term | 24 - 60 months |
| APR | 37% - 94% |
What fees does Align Income Share Funding charge?
Does Align Income Share Funding charge an origination fee?
Align Income Share Funding does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.
Does Align Income Share Funding charge a late fee?
Align Income Share Funding does not disclose whether it charges late payment fees.
Does Align Income Share Funding charge prepayment fees?
No, Align Income Share Funding 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 | No |
| Prepayment Fee | No |
| Late Payment Fee | No |
What do you need to qualify for Align Income Share Funding?
Applicants with a credit score of at least 600 and up to 700 may be eligible for Align Income Share Funding. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Align Income Share Funding does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Align Income Share Funding.
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 or other government photo ID
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Credit Score | 600 - 700 |
What is the estimated funding time for a personal loan via Align Income Share Funding?
Align Income Share Funding will typically fund loans within 1 to 3 business days of approval and clearing necessary verifications.
Does Align Income Share Funding perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Align Income Share Funding allows you to check your rates with a soft credit pull.
Are Align Income Share Funding legit?
Align Income Share Funding was founded in 2011, it is a well-established company that has been in business for 15 years. Align Income Share Funding is mostly not recommended by SuperMoney community users.
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Message from our editor
What we love about Align Income Share Funding
Align Income Share Funding offers a unique take on traditional loans. With a normal loan, you borrow money and have to make payments each month until you pay off the loan. Usually, the monthly payments are equal. If you lose your income, you still have to find money to make payments.
With an income share agreement, your monthly payments equal a percentage of your income. That means that if you lose your income or your income shrinks, your monthly payments shrink as well. If you have no income, you don’t have to make payments.
This means you don’t have to worry as much about defaulting on the loan.
What could Align Income Share Funding do better?
The drawback of these kinds of agreements is that if your income increases, so will your monthly payment. If you wind up making a lot of money, you’ll have to make very large payments. There’s no way to know how much you’ll pay over the life of the income share agreement, so you may have been better off with a traditional loan.
Align Income Share Funding also offers relatively low loan amounts compared to traditional lenders, which means you might not be able to get enough money to cover your needs.
Align Income Share Funding’s Backstory
Align Income Share Funding was launched as Cumulus Funding in November 2011 by Nathan Popkins, a former Investment Banker who believed hard-working people deserved access to capital with terms that were more forgiving. The company has offered funding to thousands of customers and operates in multiple states.
The Verdict
If you are worried about losing some or all of your income, Align Income Share Funding can ease your fears by adjusting your monthly payment with your income. If you have a stable income or may increase your income, a traditional loan with a fixed payment is likely a better deal.