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Last Updated: 04/18/2025
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BorrowersFirst Personal Loans
Unaffiliated
from BorrowersFirst
Last Updated: 04/18/2025
SuperMoney User Recommendation Score -60
Strongly not recommended5 total votes
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Highlights
Community Rating
Strongly not recommended
APR (Fixed APR)
7.22% - 29.99%(Verified 06/21/2024)
Disclaimer popup with additional information
Amount Range
$2,500 - $35,000
Loan Term (Months)
12 - 36
Number of Reviews
BorrowersFirst Personal Loans Review
BorrowersFirst Personal Loans is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs. |
BorrowersFirst Personal Loans is offered by BorrowersFirst, a bank founded in 2013 and based in Austin, TX. BorrowersFirst personal loans are available in 34 states.
Key Takeaways
- APRs starting at 7.22%. Personal loan interest rates typically range between 9% and 36%. The starting rates for BorrowersFirst Personal Loans are on the lower end of the spectrum.
- Fast access to funds. If approved, BorrowersFirst will send the money in as little as 24 hours.
- Prequalified rate. You can check your prequalified rate at BorrowersFirst with a soft pull that will not affect your FICO or VantageScore.
- Origination fees of up to 5%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
BorrowersFirst personal loans Pros & Cons
| Pros | Cons |
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BorrowersFirst personal loans FAQ
What interest rates and personal loan terms does BorrowersFirst personal loans offer?
BorrowersFirst personal loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does BorrowersFirst personal loans offer?
BorrowersFirst personal loans offers a fixed APR personal loan product that ranges from 7.22% APR up to 29.99% APR.
How much can you borrow via BorrowersFirst personal loans?
Personal loan amounts start at $2,500 and go up to $35,000
What is the maximum loan term you can get with BorrowersFirst personal loans?
BorrowersFirst personal loans offers loans with terms of up to 36 months.
| Personal Loan Amount | $2500 - $35000 |
| Loan Term | 12 - 36 months |
| APR | 7.22% - 29.99% |
What fees does BorrowersFirst personal loans charge?
Does BorrowersFirst personal loans charge an origination fee?
BorrowersFirst personal loans may charge a personal loan origination fee of up to 5% of the personal loan amount .
Does BorrowersFirst personal loans charge a late fee?
Yes, BorrowersFirst personal loans may charge a late payment fee if you miss one of the regularly scheduled payments of up to $15.
Does BorrowersFirst personal loans charge prepayment fees?
No, BorrowersFirst personal loans 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 | up to 5% |
| Prepayment Fee | No |
| Late Payment Fee | $15 |
What do you need to qualify for BorrowersFirst Personal Loans?
Applicants with a credit score of at least 640 and up to 850 may be eligible for BorrowersFirst Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. BorrowersFirst Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by BorrowersFirst Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
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| Credit Score | 640 - 850 |
What is the estimated funding time for a personal loan via BorrowersFirst personal loans?
BorrowersFirst personal loans will typically fund loans within 1 to 7 business days of approval and clearing necessary verifications.
Does BorrowersFirst Personal Loans report your account activity to credit bureaus?
Yes, BorrowersFirst Personal Loans reports to the following credit bureaus:
- Equifax
- Experian
- 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 build your credit.
Does BorrowersFirst perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. BorrowersFirst personal loans allows you to check your rates with a soft credit pull.
Are BorrowersFirst Personal Loans legit?
BorrowersFirst was founded in 2013, it is a well-established company that has been in business for 13 years. BorrowersFirst Personal Loans is strongly not recommended by SuperMoney community users.
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.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -60, or 1.8 on a 5-point rating scale.
-60
-1000+100
No one recommends
Everyone recommends
BorrowersFirst Personal Loans Community Reviews
Would you recommend BorrowersFirst Personal Loans to your friends?
Lacie P.
Mar 2, 2018
May or may not recommend
I cannot recommend this company with any bit of faith. After choosing to pay off my loan early, they lost the check, failed to credit the account in time despite my having a copy of the cancelled check proving they in fact had it. It took me nearly 2 months to get that part straightened out. Then due to their lack of controls and lack of any ...Show More
Linda P.
Nov 11, 2017
May or may not recommend
Does anyone have a phone number for Borrowers??? I am trying to reach them because my loan payment is being taken out by a different company!!! All their numbers are showing 'out of service'!! I need to know to whom I am repaying this loan.
Miranda D.
Oct 24, 2017
May or may not recommend
Nothing but problems since I took out this loan. Every person gives you a different answer. I am sworn one thing and then they do the opposite and when I call back and they review the telephone conversation and they are in the wrong all they do is say they are sorry and they made a mistake. Was promised they would not be withdrawing funds for payment and they withdraw ...Show More
CK
Candy K.
Aug 3, 2017
May or may not recommend
If something seems to good to be true it is! Don't borrow from these people. Horrible experience and terrible customer service. In the long run cost you LOTS of money and they won't own their mistakes!
U
Anonymous
Nov 16, 2016
May or may not recommend
Best loan experience I have ever had. Fast and easy!
Showing 5 of 5 reviews
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