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  FreedomPlus Personal Loans

FreedomPlus Personal Loans

in Personal Loans from Freedom Financial Network

Unaffiliated

FreedomPlus Personal Loans

Unaffiliated

in Personal Loans from Freedom Financial Network

SuperMoney Net Recommendation Score -29% 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

5 users recommend
0 users are unsure
9 users don't recommend
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Highlights
Highlights
Community Rating Mostly not recommended
Loan Amount $10,000 - $40,000
APR  (Fixed APR) 5.99% - 29.99%
Loan Term 6 - 60 months
Number of Reviews 14

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).

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 personal loan APRs 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.

FreedomPlus Personal Loans Rates & Terms
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 charges 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.

FreedomPlus Personal Loans Fees
Origination Fee 0% - 5%
Prepayment Fee? No
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
FreedomPlus Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Cosigners
  • Individual Applications
  • 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:

    • 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 can help improve your credit score.

    FREEDOMPLUS PERSONAL LOANS Disclosure: All loans available through FreedomPlus.com 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: 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...

    Contact

    • Headquarters
    •   1875 S Grant St #400
      San Mateo, CA 94402

    Message from Freedom Financial Network

    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

    About FreedomPlus Personal Loans

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      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
    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 670 - 840
    Approval Speed 48 hours
    Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
    Customizable Payment Dates  
    Funding Time Range 1 - 7 days
    Joint Loans Available  
    Payment Options
    • Automatic Payments
    • Check by mail
    Loan Amount $10,000 - $40,000
    APR (Fixed APR) 5.99% - 29.99%
    Loan Term 6 - 60 months

    FreedomPlus Personal Loans Community Reviews

     

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