Mostly not recommended
Would you recommend FreedomPlus to your friends?
Thanks for your vote!
You voted: May or may not recommend
Where does FreedomPlus do business?
FreedomPlus is a lending platform based in San Mateo, CA. Founded in 2010, FreedomPlus offers access to personal loans in 36 states (and Washington, DC).
What are the APRs offered via FreedomPlus?
FreedomPlus offers a fixed APR personal loan product that ranges from 4.99% up to 29.99%.
Does FreedomPlus charge an origination fee?
Yes, FreedomPlus charges a loan origination fee of 0% to 5% of the loan amount. FreedomPlus 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 FreedomPlus charge a late fee?
Yes, FreedomPlus may charge borrowers a late payment fee
Does FreedomPlus charge prepayment fees?
No, FreedomPlus does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
How much can you borrow via FreedomPlus?
Loan amounts start at $10,000 and go up to $35,000.
What is the maximum loan term you can get with FreedomPlus?
FreedomPlus offers personal loans with terms ranging from 6 to 60 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.
What do you need to qualify for a loan with FreedomPlus?
Applicants with a credit score of at least 670 can apply for a loan via FreedomPlus . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
FreedomPlus will also consider borrowers who are unemployed as long as they meet the minimumum annual income requirements.
Note that borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via FreedomPlus. Their rates fall within the limits of The Military Lending Act.Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
- Proof of income
What is the estimated funding time for a personal loan via FreedomPlus?
FreedomPlus will typically approve (or deny) a loan application within 48 hours and fund personal loans within 7 business days of approval.
Does FreedomPlus report loan payments to credit bureaus?
FreedomPlus may report credit data to the following credit reporting agencies:
1875 S Grant St #400
San Mateo, CA 94402 USA
Message from FreedomPlus
- Washington, DC
- New Jersey
- New Mexico
- North Carolina
- South Carolina
- South Dakota
- U.S. Citizen
- U.S. Permanent Resident
- Employed Full-Time
- Employed Part-Time
- Active Duty Military
- Military Dependent
- Direct Deposit (W2, SSA, SSDI)
- Payroll Check or Prepaid Card
- Proof of Income
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)