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 10 states across the USA.

Key takeaways

• 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.
• Hard credit pull required. You can't check your rates or see if you prequalify for Balance Credit Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
• 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 and Cons:

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 fees does Balance Credit Personal Loans 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 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.