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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 personal loan APRs are offered via FreedomPlus?
FreedomPlus offers a fixed APR personal loan product that ranges from 4.99% up to 29.99% APR.
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 can a personal loan from FreedomPlus be used for?
Personal loans from FreedomPlus are typically used for special purchases, debt consolidation, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.
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 consider borrowers regardless of their employment status if they can prove their ability to repay the loan requested.
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
|No Prepayment Fee|
|Origination Fee||0% - 5%|
|Credit Score Range||
670 - 840
850 300 670
|Immigration Status Considered||
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$10K - $35K|
|Loan Term (Months)||6 - 60|
|APR (Fixed APR)||4.99% - 29.99%|