Out of Business
Ascend Personal Loans
in Personal Loans from Ascend Consumer Finance
Would you recommend Ascend Personal Loans to your friends?
| Community Rating | Strongly not recommended |
| Loan Amount | $2,600 - $12,500 |
| APR (Fixed APR) | 27.49% - 35.99% |
| Loan Term | 12 - 24 months |
| Number of Reviews | 6 |
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.
Key takeaways
- Fast access to cash. In some cases you can get your money within 1 business day.
- Fair credit accepted. The credit score needed for Ascend Personal Loans is relatively low. Borrowers with a credit score as low as 580 may qualify for Ascend Personal Loans.
- 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.
Ascend Personal Loans Pros and Cons:
| Pros | Cons |
|---|---|
|
|
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 APR rate does Ascend Personal Loans offer?
Ascend Personal Loans offers a fixed APR personal loan product that ranges from 27.49% APR up to 35.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
How much can you borrow via Ascend Personal Loans?
Loan amounts start at $2,600 and go up to $12,500.
What can a personal loan from Ascend Personal Loans be used for?
Personal loans from Ascend Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Ascend Personal Loans?
Ascend Personal Loans offers personal loans with terms ranging from 12 to 24 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
| Loan Amount | $2600 - $12500 |
| Loan Term | 12 - 24 months |
| APR | 27.49% - 35.99% |
What fees does Ascend Personal Loans charge?
Does Ascend Personal Loans charge an origination fee?
Ascend Personal Loans does not charge a loan origination fee.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Ascend Personal Loans charge a late fee?
Yes, Ascend Personal Loans may charge borrowers a late payment fee of up to $18, which is triggered if you're 10 days late.
Does Ascend Personal Loans charge prepayment fees?
No, Ascend Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
| Origination Fee | N/A |
| Prepayment Fee? | No |
| Late Payment Fee | $18 |
What do you need to qualify for Ascend Personal Loans?
Applicants with a credit score of at least 580 and up to 850 are 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 checking account
- Recent pay stubs
- Proof of income
- Driver's license
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Application Types Accepted |
|
| 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 score.
Contact
- Headquarters
-
3701 Sacramento St
#442
San Francisco, CA 94118 - (800) 497-5314
- Visit Site
About Ascend Personal Loans
Availability
- Alabama
- California
- Georgia
- Illinois
- Missouri
- Oregon
- South Carolina
- Utah
Feature Breakdown
| No Origination Fee | |
| No Prepayment Fee | |
| Late Fee After | 10 days |
| Late Fee Amount | $18 |
