Balance Credit Personal Loans

Balance Credit Personal Loans Review

Balance Credit Personal Loans is offered by SunUp Financial, LLC, a direct lender founded in 2014 and based in Chicago, IL. Balance Credit Personal Loans is available in 25 states across the USA.

Key Takeaways

• APRs starting at 99%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Balance Credit 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 SunUp Financial, LLC with a soft pull that will not affect your credit score.
• No origination fee. Balance Credit Personal Loans does not charge a loan origination fee.
• No late fees. Missing a payment can seriously damage your credit, but Balance Credit Personal Loans will not charge additional fees if you miss the due date on a payment.
• Short loan terms. Balance Credit Personal Loans have loan terms as short as 4 months.

Balance Credit Pros & Cons

Balance Credit FAQ

What interest rates and personal loan terms does Balance Credit offer?

Balance Credit has higher than average interest rates for lenders reviewed on SuperMoney.

What fees does Balance Credit charge?

What do you need to qualify for Balance Credit Personal Loans?

Balance Credit Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Balance Credit Personal Loans only considers borrowers who are employed.

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. APRs for the Balance Credit Personal Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

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

What is the estimated funding time for a personal loan via Balance Credit?

Balance Credit will typically approve (or deny) a loan application within 1 hour and fund loans within 2 business days of approval.

Is SunUp Financial, LLC a legit company?

Balance Credit Personal Loans was founded in 2014. It is an established company that has been in business for 8 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.