Fortiva Personal Loans
in Personal Loans from Fortiva FinancialUnaffiliated
Fortiva Personal LoansUnaffiliated
in Personal Loans from Fortiva Financial
Strongly not recommended
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Fortiva Personal Loans Review
Fortiva Personal Loans is offered by Fortiva Financial, a direct lender founded in 2011 and based in Atlanta, GA. Fortiva Personal Loans is available in 50 states (and Washington, DC).
- 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 560 are considered for Fortiva Personal Loans.
- Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Fortiva Personal Loans early.
Fortiva Personal Loans Pros and Cons:
What rates and terms does Fortiva Personal Loans offer?
Fortiva Personal Loans has higher interest rates than the average for lenders reviewed on SuperMoney.
What APR rate does Fortiva Personal Loans offer?
Fortiva Personal Loans offers a personal loan product that ranges from 35% APR up to 200% 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 Fortiva Personal Loans?
Loan amounts start at $100 and go up to $5,000.
|Loan Amount||$100 - $5000|
|APR||35% - 200%|
What fees does Fortiva Personal Loans charge?
Does Fortiva Personal Loans charge an origination fee?
Fortiva Personal Loans may charge a loan origination fee starting at 2% of the loan amount. Fortiva Personal Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Does Fortiva Personal Loans charge a late fee?
Yes, Fortiva Personal Loans may charge borrowers a late payment fee.
Does Fortiva Personal Loans charge prepayment fees?
Yes, Fortiva Personal Loans may charge additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.
|Origination Fee||Starting at 2%|
|Late Payment Fee||N/A|
What do you need to qualify for Fortiva Personal Loans?Applicants with a credit score of at least 560 and up to 700 are eligible for Fortiva Personal Loans.
Fortiva Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
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 Fortiva 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.
Permanent resident / green card holders are also eligible to apply.
|Bank Account Required?||No|
|Application Types Accepted||
|Credit Score||560 - 700|
What is the estimated funding time for a personal loan via Fortiva Personal Loans?
Fortiva Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Origination Fee (%)||Starting at 2%|
|Immigration Status Considered||U.S. Permanent Resident|
|Joint Loan Applications Accepted||Individual Applications|
|Credit Score Range||
560 - 700
|Loan Amount||$100 - $5,000|
|APR||35% - 200%|