Where does FreedomPlus do business?

FreedomPlus is a direct lender based in San Mateo, CA. The company was founded in 2010 and offers personal loans to borrowers in Washington, DC and 36 states.

What are FreedomPlus’s rates?

FreedomPlus offers personal loans with APRs starting at 4.99% and up to 29.99%.

Does FreedomPlus charge an origination fee?

Yes, FreedomPlus charges a loan origination fee of 0% to 5% of the loan amount.
FreedomPlus 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 charge prepayment penalties?

No, FreedomPlus does not charge prepayment penalties. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from FreedomPlus?

Loan amounts start at $10000 and go up to $35000

What is the maximum loan term for a FreedomPlus personal loan?

FreedomPlus offers personal loans with terms of up to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a FreedomPlus loan?

Applicants with a credit score of at least 670 can apply for a loan via FreedomPlus. Note that borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.

Active duty servicemembers and their covered dependents are eligible to apply for a loan via FreedomPlus. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan. 

To qualify, applicants must provide the following documentation:

  • Driver's license
  • Proof of citizenship or residence permit
  • Recent pay stubs
  • Recent bank statements 

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

FreedomPlus will typically approve (or deny) a loan application within 48 hours and fund personal loans as soon as 1 business day of approval.

How does FreedomPlus describe itself?

Freedom Financial Network provides financial solutions, services, and education that enable consumers to reduce debt, build wealth, and achieve financial freedom. Our businesses include Freedom Debt Relief and FreedomPlus. FreedomPlus is an online lending platform that offers loan of $10,000-$35,000 to prime or near prime consumers for purposes of debt consolidation, home improvement, and other major purchases and expenses. We offer discounted rates for applicants looking to use the loan primarily for debt consolidation, has $40K or more in retirement savings, and/or have a co-applicant for the loan

  • Payment Options
    Automatic Payments
  • Max Loan Term (Months)
  • Cosigner Optional
  • Credit Score Range
    670 - 840
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Joint Loan Applications Accepted
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
  • Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Verification Documents Required?
    • Recent bank statements
    • Recent pay stubs
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • No Prepayment Fee
  • Origination Fee
    Up to 5%
  • Institution Type
    Direct Lender
  • APR
    4.99% - 29.99%
  • Approval Speed (Hours)
  • Customizable Payment Dates
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
  • Credit Bureau Reporting
  • Loan Amount
    $10000 - $35000
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 $3,500.00. Repayment periods range from 24 to 60 months. The range of APRs on loans made available through FreedomPlus is 4.99% 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 4.99% APR loan, a borrower will need excellent credit on a loan of $15,000 with a term of 24 months, and qualify for at least two of the following discounts: (1) add a co-borrower who has sufficient income; (2) use at least fifty percent of the loan proceeds to directly pay off existing debt; or (3) show proof of having at least forty-thousand dollars in retirement savings – contact FreedomPlus for further details.
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