
Explore a similar product
Try this top product in Personal Loans.
Community Rating | Mostly not recommended |
APR (Fixed APR) | 7.99% - 29.99% |
Loan Amount | $7,500 - $40,000 |
Loan Term (Months) | 6 - 60 months |
Number of Reviews | 15 |
FreedomPlus Personal Loans Review
FreedomPlus Personal Loans is offered by Freedom Financial Network, a financial services company founded in 2002 and based in San Mateo, CA. FreedomPlus Personal Loans is available in 36 states (and Washington, DC).
- APRs starting at 7.99%. These are average starting rates for a personal loan. If you have good credit you may qualify for a loan with better rates.
- Fast access to funds. In some cases you can get your money within 1 business day.
- 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.
- Cosigner applications accepted. Applying for FreedomPlus Personal Loans with a cosigner can improve your chances of approval and help you qualify for lower interest rates.
- Short loan terms. FreedomPlus Personal Loans offers loan terms as short as 6 months. Most personal loans have a minimum term of 12 to 36 months.
- Minimum income of $40,000. You will need an annual income of at least $40,000 to apply for FreedomPlus Personal Loans, which is above average for the lenders in our database.
Pros | Cons |
---|---|
|
|
What interest rates and personal loan terms does FreedomPlus personal loan offer?
FreedomPlus personal loan has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does FreedomPlus personal loan offer?
FreedomPlus personal loan offers a fixed APR personal loan product that ranges from 7.99% APR up to 29.99% APR.
How much can you borrow via FreedomPlus personal loan?
Business loan amounts start at $7,500 and go up to $40,000.
What is the maximum loan term you can get with FreedomPlus personal loan?
FreedomPlus personal loan offers loans with terms of up to 60 months.
Personal Loan Amount | $7500 - $40000 |
Loan Term | 6 - 60 months |
APR | 7.99% - 29.99% |
What fees does FreedomPlus personal loan charge?
Does FreedomPlus personal loan charge an origination fee?
FreedomPlus personal loan may charge a personal loan origination fee of 0% to 5% of the personal loan amount. FreedomPlus personal loan deducts the origination fee directly from your personal 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 personal loan charge a late fee?
No, FreedomPlus personal loan will not charge you a late fee if you miss one of the monthly payments.
Does FreedomPlus personal loan charge prepayment fees?
No, FreedomPlus personal loan 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 | 0% - 5% |
Prepayment Fee | No |
Late Payment Fee | No |
What do you need to qualify for FreedomPlus Personal Loans?
Applicants with a credit score of at least 620 and up to 840 may be eligible for FreedomPlus Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.To qualify for personal loans with FreedomPlus Personal Loans, applicants need a minimum annual income of $40,000 or higher. FreedomPlus Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
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. Active duty service members and their covered dependents are eligible to apply for a loan via FreedomPlus Personal Loans. Their rates fall within the limits of The Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by FreedomPlus Personal Loans. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of income
- Driver's license
- Proof of citizenship or residence permit
Minimum Age | 18 |
Bank Account Required? | No |
Application Types Accepted |
|
Credit Score | 620 - 840 |
What is the estimated funding time for a personal loan via FreedomPlus personal loan?
FreedomPlus personal loan will typically approve (or deny) a loan application within 48 hours and fund loans within 7 business days of approval.
Does FreedomPlus Personal Loans report your account activity to credit bureaus?
Yes, FreedomPlus Personal Loans reports your account activity to the following credit reporting agencies:
- 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 improve your credit.
Message From FreedomPlus Personal Loans
Contact
- Headquarters
-
1875 S Grant St #400
San Mateo, CA 94402 - Visit Site
- Email Support
Other Services by Freedom Financial Network
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Delaware
- Washington, DC
- Florida
- Georgia
- Idaho
- Illinois
- Indiana
- Iowa
- Kentucky
- Louisiana
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Jersey
- New Mexico
- North Carolina
- Ohio
- Oklahoma
- Pennsylvania
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Washington
Feature Breakdown
No Prepayment Fee | |
Origination Fee (%) | 0% - 5% |
FreedomPlus Personal Loans Community Reviews
Would you recommend FreedomPlus Personal Loans to your friends?
- Bank of America Personal Loans
- Bridge City Bank Personal Loan
- Cash Central Personal Loans
- CashNetUSA Personal Loans
- Citizens National Bank Personal Loan
- GreenSky Personal Loans
- Jora Credit Personal Loans
- Lendly Loan
- Mariner Finance Personal Loans
- Motive Personal Loans
- OppLoans Personal Loans
- Regional Finance Personal Loans