Ascend Personal Loans Review

Ascend Personal Loans is offered by Ascend Consumer Finance, a direct lender founded in 2014 and based in San Francisco, CA. Ascend Personal Loans is available in 8 states across the USA.

• APRs starting at 27.49%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Ascend Personal Loans are on the higher end of the spectrum.
• Fast access to cash. In some cases you can get your money within 1 business day.
• Prequalifed rate. You can check your prequalified rate at Ascend Consumer Finance with a soft pull that will not affect your credit score.
• No origination fee. Ascend Personal Loans does not charge a loan origination fee.
• Minimum income of $35,000. You will need an annual income of at least $35,000 to apply for Ascend Personal Loans, which is above average for the lenders in our database.

Pros	Cons
$0 prepayment fee. $0 origination fee. Considers applicants with fair credit.	APRs as high as 35.99%. Charges a late fee of $18

What rates and terms does Ascend Personal Loans offer?

Ascend Personal Loans has higher interest rates than the average for lenders reviewed on SuperMoney.

What fees does Ascend Personal Loans charge?

What do you need to qualify for Ascend Personal Loans?

Applicants with a credit score of at least 580 and up to 850 may be eligible for Ascend Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for personal loans with Ascend Personal Loans, applicants need a minimum annual income of $35,000 or higher. Ascend Personal Loans only considers borrowers who are employed and meet the minimum income requirement.

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 Ascend Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Ascend Personal Loans. Permanent resident / green card holders are also eligible to apply.

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
• Proof of citizenship or residence permit

Ascend Personal Loans Eligibility Criteria

Minimum Age	18
Bank Account Required?	Yes
Application Types Accepted	Individual Applications
Credit Score	580 - 850

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

Ascend Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.

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

Ascend Personal Loans reports your account activity to the following credit reporting agencies:

• Transunion

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