Ascend Personal Loans

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 are available in 8 states across the USA.

Key Takeaways

• 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 funds. In some cases, you can get your money within 1 business day*.
• Prequalified 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.

Ascend personal loan Pros & Cons

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

Ascend personal loan FAQ

What interest rates and personal loan terms does Ascend personal loan offer?

Ascend personal loan has higher than average interest rates for lenders reviewed on SuperMoney.

What fees does Ascend personal loan 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 and permanent resident / green card holders are eligible to apply for the services offered by Ascend 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
• Proof of citizenship or residence permit

Ascend personal loan 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 loan?

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

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

Yes, 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 may help improve your credit.

Is Ascend Consumer Finance a legit company?

Ascend Consumer Finance was founded in 2014, it is a well-established company that has been in business for 9 years. Ascend Personal Loans are mostly not recommended by SuperMoney community users.