FreedomPlus Personal Loans
FreedomPlus Personal Loans

in Personal Loans from Freedom Financial Network


FreedomPlus Personal Loans


in Personal Loans from Freedom Financial Network

SuperMoney Net Recommendation Score -20


This product is mostly not recommended by SuperMoney users with a score of -20, equating to 2.6 on a 5 point rating scale.


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.

Mostly not recommended

6 users recommend
0 users are unsure
9 users don't recommend
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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).

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.
  • 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.
FreedomPlus personal loan Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Cosigners accepted.
  • APRs as high as 29.99%.
  • Charges an origination fee of up to 5% of the loan amount.
  • Do not offer pre-approval with soft credit pull.
  • Charges a late fee.
FreedomPlus personal loan FAQ

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.

FreedomPlus personal loan Interest Rates & Loan Terms
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.

FreedomPlus personal loan Fees
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
FreedomPlus personal loan Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Cosigners
  • Individual Applications
  • 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.

    FreedomPlus Personal Loans Disclosure: All loans available through are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, and credit usage and history. Eligibility for a loan is not guaranteed. Loans are not available to residents of all states – please call a FreedomPlus representative for further details. The following limitations, in addition to others, shall apply: FreedomPlus does not arrange loans in: (i) Arizona under $10,500; (ii) Massachusetts under $6,500, (iii) Ohio under $5,500, and (iv) Georgia under $3,500. Repayment periods range from 24 to 60 months. The range of APRs on loans made available through FreedomPlus is 5.99% to a maximum of 29.99%. APR. The APR calculation includes all applicable fees, including the loan origination fee. For Example, a four year $20,000 loan with an interest rate of 15.49% and corresponding APR of 18.34% would have an estimated monthly payment of $561.60 and a total cost payable of $7,948.13. To qualify for a 5.99% APR loan, a borrower will need excellent credit on a loan for an amount less than $12,000.00, and with a term equal to 24 months. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to directly pay off qualifying existing debt; or showing proof of sufficient retirement savings, could help you also qualify for the lowest rate available.
    SuperMoney Disclosure: 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 specializes in providing personal loans of $10,000-$35,000 for borrowers who want to consolidate high-interest debt. Unlike many other online lenders, borrowers who apply for a personal loan from FreedomPlus can speak to a loan consultant over the phone to discuss their financial goals and get a loan customized to fit their financial situation. Eligible borrowers could qualify to save on interest with our exclusive rate discounts, including: - Co-borrower discounts for borrowers who


    Other Services by Freedom Financial Network


      Available in 36 states and Washington, D.C.
    • 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%
    Cosigner Optional
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    • Self-Employed
    • Unemployed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Cosigner
    • Individual Applications
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Minimum Age 18
    Minimum Annual Income $40,000
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Verification Documents Required
    • Proof of Income
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Credit Score Range 620 - 840
    Approval Speed 48 hours
    Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
    Customizable Payment Dates
    Funding Time Range 1 - 7 days
    Payment Options
    • Automatic Payments
    • Check by mail
    Loan Amount $7,500 - $40,000
    APR (Fixed APR) 7.99% - 29.99%
    Loan Term 6 - 60 months

    FreedomPlus Personal Loans Community Reviews


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    This product is mostly not recommended by SuperMoney users with a score of -20, equating to 2.6 on a 5 point rating scale.


    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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