| Community Rating | Mostly recommended |
| APR (Fixed APR) | 99% - 720% |
| Loan Amount | $100 - $5,000 |
| Loan Term (Months) | 4 - 30 months |
| Number of Reviews | 168 |
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.
- 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 offers loan terms as short as 4 months. Most personal loans have a minimum term of 12 to 36 months.
| Pros | Cons |
|---|---|
|
|
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 interest rates does Balance Credit offer?
Balance Credit offers a fixed APR personal loan product that ranges from 99% APR up to 720% APR.
How much can you borrow via Balance Credit?
Business loan amounts start at $100 and go up to $5,000.
What is the maximum loan term you can get with Balance Credit?
Balance Credit offers loans with terms of up to 30 months.
| Personal Loan Amount | $100 - $5000 |
| Loan Term | 4 - 30 months |
| APR | 99% - 720% |
What fees does Balance Credit charge?
Does Balance Credit charge an origination fee?
Balance Credit 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, go with lenders that don’t charge origination fees.
Does Balance Credit charge a late fee?
No, Balance Credit will not charge you a late fee if you miss one of the monthly payments.
Does Balance Credit charge prepayment fees?
No, Balance Credit 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 Balance Credit Personal Loans?
The minimum age to be eligible is 18 or the state minimum, whichever is higher.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.
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Application Types Accepted |
|
| Credit Score | 300 - 700 |
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.
Message From Balance Credit Personal Loans
Contact
- Headquarters
-
33 N LaSalle St
Chicago, IL 60602 - Visit Site
About Balance Credit Personal Loans
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- Delaware
- Florida
- Idaho
- Indiana
- Kansas
- Kentucky
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- Nebraska
- New Mexico
- Ohio
- Oklahoma
- South Carolina
- Tennessee
- Texas
- Utah
- Washington
- Wisconsin
Balance Credit Personal Loans Community Reviews
Would you recommend Balance Credit Personal Loans to your friends?
Other Personal Loans
SunUp Financial, LLC Personal Loans
- Capital Bank Personal Loans
- CashNetUSA Personal Loans
- Community First Bank Personal Loans
- Grace Loan Advance Personal Loans
- Marcus by Goldman Sachs Personal Loans
- Mariner Finance Personal Loans
- Members 1st Credit Union Personal Loan
- Members First Community Credit Union Personal Loans
- MoneyLion Plus Personal Loans
- Navy Federal Credit Union Personal Loans
- SoFi Personal Loans
- Speedy Cash Express Installment Loans
