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  FreedomPlus Personal Loans
FreedomPlus Personal Loans
in Personal Loans from Freedom Financial Network
Claimed

FreedomPlus Personal Loans

Claimed
in Personal Loans from Freedom Financial Network
SuperMoney Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

5 users recommend
0 users are unsure
0 users don't recommend
Browse Reviews: 5 Recommendations | 0 Complaints
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Highlights
Community Rating Strongly recommended
APR  (Fixed APR) 7.99% - 29.99%
(Verified 10/26/2022)
Loan Amount $5,000 - $50,000
Loan Term (Months) 24 - 60 months
Number of Reviews 5

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 40 states (and Washington, DC).

Key Takeaways

  • 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*.
  • Large loan amounts. You can apply for loan amounts of up to $50,000 with FreedomPlus Personal Loans.
  • Coborrower applications accepted. Applying for FreedomPlus Personal Loans with a coborrower who has better credit than you can improve your chances of approval and help you qualify for lower interest rates.

FreedomPlus Personal Loans Pros & Cons

Pros Cons
  • Rate discounts available
  • Fast and easy application
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Funding available within 3 business days.
  • Accepts coborrowers.
  • APRs as high as 29.99%.
  • Charges an origination fee of up to 6.99% of the loan amount.
  • Do not offer pre-approval with soft credit pull.
  • Charges a late fee.

FreedomPlus Personal Loans FAQ

What interest rates and personal loan terms does FreedomPlus Personal Loans offer?

FreedomPlus Personal Loans has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does FreedomPlus Personal Loans offer?

FreedomPlus Personal Loans 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 Loans?

Business loan amounts start at $5,000 and go up to $50,000.

What is the maximum loan term you can get with FreedomPlus Personal Loans?

FreedomPlus Personal Loans offers loans with terms of up to 60 months.

FreedomPlus Personal Loans Interest Rates & Loan Terms
Personal Loan Amount $5000 - $50000
Loan Term 24 - 60 months
APR 7.99% - 29.99%

What fees does FreedomPlus Personal Loans charge?

Does FreedomPlus Personal Loans charge an origination fee?

FreedomPlus Personal Loans may charge a personal loan origination fee of up to 6.99% of the personal loan amount.

Does FreedomPlus Personal Loans charge a late fee?

No, FreedomPlus Personal Loans will not charge you a late fee if you miss one of the monthly payments.

Does FreedomPlus Personal Loans charge prepayment fees?

No, FreedomPlus 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.

FreedomPlus Personal Loans Fees
Origination Fee up to 6.99%
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 640 and up to 850 may be eligible for FreedomPlus Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

FreedomPlus Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. 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 co-borrower 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:

  • Applicants must have an active and valid personal checking account
  • Recent pay stubs
  • Proof of income
  • Driver's license
  • Proof of citizenship or residence permit
FreedomPlus Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Co-borrowers
  • Individual Applications
    		•
    Credit Score 640 - 850

    What is the estimated funding time for a personal loan via FreedomPlus Personal Loans?

    FreedomPlus Personal Loans will typically approve (or deny) a loan application within 48 hours and fund loans within 3 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.

    Is Freedom Financial Network a legit company?

    Freedom Financial Network was founded in 2002, it is a well-established company that has been in business for 20 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.

    FreedomPlus Personal Loans Disclosure: Personal loans are available through Achieve Personal Loans (NMLS ID #227977), originated by Cross River Bank, a New Jersey State Chartered Commercial Bank or Pathward, N.A., Equal Housing Lenders and may not be available in all states. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, credit usage and history. Loans are not available to residents of all states. Minimum loan amounts vary due to state specific legal restrictions. Loan amounts generally range from $5,000 to $50,000 (including the origination fee) and are offered based on underwriting conditions and loan purpose. APRs range from 7.99 to 29.99% and include applicable origination fees. Repayment periods range from 24 to 60 months. For example: A four-year $20,000 loan with an APR of 18.34% would have an estimated monthly payment of $561.60 and total cost of $26,956.80. To qualify for a 7.99% APR loan, a borrower will need excellent credit, a loan amount of $12,000.00 or less, and a term of 24 months. Loan origination fees vary from 1.99%to 4.99%, most loans have a fee of 4.99%. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to pay off qualifying existing debt directly; or showing proof of sufficient retirement savings, could help you also qualify for a lower rate. Average interest savings for personal loans range from 0% - 6% based on closed loans that qualified for one or more of our rate discounts in July 2022. Average interest savings range from 0% - 6% based on closed loans that qualified for one or more of our rate discounts in July 2022. Maximum rate savings is 6% when including all discounts. Terms and conditions apply. Time periods are estimates and are in no way a representation or promise by Achieve Personal Loans. Same day approvals assume a fully completed application with all required supporting documentation is submitted early enough on a day that our offices are open. Achieve Personal Loans loan consultants are available Monday-Friday 6am-8pm, and Saturday-Sunday 7am-5pm Arizona time.
    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.

    Message From FreedomPlus Personal Loans

    FreedomPlus Personal Loans offers personalized loans up to $50,000. Whether you’re looking to refinance high-interest credit cards, consolidate debt, fund a home improvement project, or pay for a major expense, we could help. Getting a loan should be quick, clear, and simple. It only takes a few minutes to apply online, and our knowledgeable team is here to help ensure our loan is the right fit for your financial goals.

    Contact

    Hours of Operation

    • Sunday 7:00am - 5:00pm
    • Monday 6:00am - 8:00pm
    • Tuesday 6:00am - 8:00pm
    • Wednesday 6:00am - 8:00pm
    • Thursday 6:00am - 8:00pm
    • Friday 8:00am - 7:00pm
    • Saturday 7:00am - 4:00pm

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    Availability

      Available in 40 states and Washington, D.C.
    • Alaska
    • Alabama
    • Arkansas
    • Arizona
    • California
    • Washington, DC
    • Delaware
    • Florida
    • Georgia
    • Iowa
    • Idaho
    • Illinois
    • Indiana
    • Kentucky
    • Louisiana
    • Massachusetts
    • Maryland
    • Michigan
    • Minnesota
    • Missouri
    • Mississippi
    • Montana
    • North Carolina
    • Nebraska
    • New Hampshire
    • New Jersey
    • New Mexico
    • Nevada
    • New York
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Washington

    Feature Breakdown

    No Prepayment Fee
    Origination Fee (%) Up to 6.99%
    Checking Account Required
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    • Unemployed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Co-borrower
    • Individual Applications
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Verification Documents Required
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    • Recent Pay Stubs
    • Proof of Income
    Credit Score Range 640 - 850
    Approval Speed 48 hours
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Customizable Payment Dates
    Funding Time Range 1 - 3 days
    Payment Options
    • Automatic Payments
    • Check by mail
    APR Type Fixed APR
    Loan Amount $5,000 - $50,000
    APR (Fixed APR) 7.99% - 29.99%
    (Verified 10/26/2022)
    Loan Term 24 - 60 months

    FreedomPlus Personal Loans Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

    +100

    Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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