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  Balance Credit Personal Loans

Balance Credit Personal Loans

in Personal Loans from Braviant Holdings LLC

Unaffiliated

Balance Credit Personal Loans

Unaffiliated

in Personal Loans from Braviant Holdings LLC

SuperMoney Net Recommendation Score -14%

SUPERMONEY NET RECOMMENDATION SCORE

-14%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Mostly not recommended

53 users recommend
11 users are unsure
72 users don't recommend
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Highlights
Highlights
Community Rating Mostly not recommended
APR  (Fixed APR) 99% - 720%
Loan Amount $100 - $5,000
Loan Term (Months) 4 - 30 months
Number of Reviews 136

Balance Credit Personal Loans Review

Balance Credit Personal Loans is offered by Braviant Holdings LLC, a direct lender founded in 2014 and based in Chicago, IL. Balance Credit Personal Loans is available in 14 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 cash. In some cases you can get your money within 1 business day.
  • Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 300 are considered for Balance Credit Personal Loans.
  • 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.
Balance Credit Personal Loans Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • $0 origination fee.
  • Considers applicants with poor credit.
  • Fast funding.
  • APRs as high as 720%.
  • Balance Credit Personal Loans does not report to credit bureaus.
  • No co-sign option.
Balance Credit Personal Loans FAQ

What rates and terms does Balance Credit Personal Loans offer?

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

What APR rate does Balance Credit Personal Loans offer?

Balance Credit Personal Loans offers a fixed APR personal loan product that ranges from 99% APR up to 720% 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 Balance Credit Personal Loans?

Loan amounts start at $100 and go up to $5,000

What can a personal loan from Balance Credit Personal Loans be used for?

Personal loans from Balance Credit 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 Balance Credit Personal Loans?

Balance Credit Personal Loans offers personal loans with terms ranging from 4 to 30 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.

Balance Credit Personal Loans Rates & Terms
Loan Amount $100 - $5000
Loan Term 4 - 30 months
APR 99% - 720%

What fees does Balance Credit Personal Loans charge?

Does Balance Credit Personal Loans charge an origination fee?

Balance Credit 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 Balance Credit Personal Loans charge a late fee?

No, Balance Credit Personal Loans will not charge you a late fee..

Does Balance Credit Personal Loans charge prepayment fees?

No, Balance Credit 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.

Balance Credit Personal Loans Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

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.

Balance Credit Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 300 - 700

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

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

    Balance Credit Personal Loans Disclosure: *Loan amount and approval not guaranteed. Loan approval and amounts are based on state law, minimum income amounts and other credit criteria. Complete disclosures of APR, fees and payment terms are provided within the Loan Agreement. **Balance Credit or third-party lender reserve the right to make adjustments to your approval until the time you receive the funds in your bank account based on new information regarding your application.
    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Contact

    • Headquarters
    •   180 N Upper Wacker Dr, Suite 300
      Chicago, IL 60606
    •   Visit Site

    About Balance Credit Personal Loans

    Icon for Personal Loans
    View all personal loans offered by Braviant Holdings LLC

    Message From Braviant Holdings LLC

    Sometimes an unexpected event can throw your life and finances off balance. We’re on your side, and strive to help with the simple solution for life’s little hiccups. Get emergency cash – fast. We offer personal installment loans, allowing you to set the amount and the number of payments - depending upon your credit, personal financial history, and according to state law. Go to our site and fill out our quick and easy online application to check your eligibility.

    Availability

      Available in 14 states
    • Alabama
    • Delaware
    • Idaho
    • Illinois
    • Kansas
    • Mississippi
    • Missouri
    • New Mexico
    • North Dakota
    • South Carolina
    • Texas
    • Utah
    • Virginia
    • Wisconsin

    Feature Breakdown

    No Origination Fee  
    No Prepayment Fee  
    No Late Fees  
    Checking Account Required  
    Employment Statuses Considered Employed Full-Time
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted Individual Applications
    Military Status
    • Non-Military
    • Veterans
    Minimum Age 18
    Credit Score Range 300 - 700
    Loan Amount $100 - $5,000
    APR (Fixed APR) 99% - 720%
    Loan Term 4 - 30 months

    Balance Credit Personal Loans Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    -14%

    -100% 0% +100%
    No one recommends Everyone recommends

    Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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