FreedomPlus Personal Loans
in Personal Loans from Freedom Financial NetworkClaimed
FreedomPlus Personal LoansClaimed
in Personal Loans from Freedom Financial Network
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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).
- Fast access to cash. In some cases you can get your money within 1 business day.
- Good credit required. You will need a credit score of at least 670 to qualify for FreedomPlus Personal Loans.
- Hard credit pull required. You can't check your rates or see if you prequalify for FreedomPlus Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
- 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.
FreedomPlus Personal Loans Pros and Cons:
What rates and terms does FreedomPlus Personal Loans offer?
FreedomPlus Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.
What APR rate does FreedomPlus Personal Loans offer?
FreedomPlus Personal Loans offers a fixed APR personal loan product that ranges from 5.99% APR up to 29.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
How much can you borrow via FreedomPlus Personal Loans?
Loan amounts start at $10,000 and go up to $40,000.
What can a personal loan from FreedomPlus Personal Loans be used for?
Personal loans from FreedomPlus Personal Loans 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 Personal Loans?
FreedomPlus Personal Loans 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.
|Loan Amount||$10000 - $40000|
|Loan Term||6 - 60 months|
|APR||5.99% - 29.99%|
What fees does FreedomPlus Personal Loans charge?
Does FreedomPlus Personal Loans charge an origination fee?
FreedomPlus Personal Loans may charge a loan origination fee of 0% to 5% of the loan amount. FreedomPlus Personal Loans 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 Personal Loans charge a late fee?
Yes, FreedomPlus Personal Loans may charge borrowers a late payment fee.
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 loan off early.
|Origination Fee||0% - 5%|
|Late Payment Fee||N/A|
What do you need to qualify for FreedomPlus Personal Loans?Applicants with a credit score of at least 670 and up to 840 are 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 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
|Bank Account Required?||No|
|Application Types Accepted||
|Credit Score||670 - 840|
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 personal loans within 7 business days of approval.
Does FreedomPlus Personal Loans report your account activity to credit bureaus?
FreedomPlus Personal Loans reports your account activity to the following credit reporting agencies:
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.
- Washington, DC
- New Jersey
- New Mexico
- North Carolina
- South Carolina
- South Dakota
|No Prepayment Fee|
|Origination Fee (%)||0% - 5%|
|Employment Statuses Considered||
|Immigration Status Considered||
|Joint Loan Applications Accepted||
|Supported Income Types||
|Verification Documents Required||
|Credit Score Range||
670 - 840
|Approval Speed||48 hours|
|Credit Bureau Reporting||
|Customizable Payment Dates|
|Funding Time Range||1 - 7 days|
|Joint Loans Available|
|Loan Amount||$10,000 - $40,000|
|APR (Fixed APR)||5.99% - 29.99%|
|Loan Term||6 - 60 months|