Features

FreedomPlus is the personal loans branch of the Freedom Financial Network, which also includes other companies like Freedom Debt Relief, Freedom Tax Relief and ConsolidationPlus. FreedomPlus focuses on providing fast loans to people with not so great credit. The company is based in San Mateo, California, and is managed by Andrew Housser, founder and Co-CEO of Freedom Financial Network.

How Does FreedomPlus Work?

FreedomPlus requires borrowers to complete a simple online application form and talk to a loan officer who walks them through the final stages of the loan. Eligible applicants can get approved in the same day and receive their cash within 48 hours. Eligibility requirements for FreedomPlus loans are less stringent than for most online personal loan providers. Borrowers with a credit score of 600 and higher can qualify for a loan. The trade-off is that interest rates are higher than those offered by prime lenders.

What Are FreedomPlus's Interest Rates?

Interest rates range from 7.93% to 29.90% APR. This includes an origination fee of 1.38% to 5%. The origination fee is included in the APR rate but is deducted from the loan balance before funds are deposited. Borrowers who need a specific amount of money should add the origination fee amount to the loan amount they request.

How Much Money Can I Borrow from FreedomPlus?

FreedomPlus provides loans from $5,000 to $35,000 with little to no restrictions on what the money is used for. Borrowers can choose loan terms from 2 to 5 years, which allows for small monthly payments. To illustrate, a $35,000 loan with a 5-year term and a 29.9% APR, would have monthly payments of $1,130.22 and a total cost of $67,813.

Which States Does FreedomPlus Operate In?

FreedomPlus operates in all states except Colorado, Hawaii, Maine, New Hampshire, North Dakota, Oregon, Rhode Island, Vermont, West Virginia, Wisconsin and Wyoming.

What Is FreedomPlus's Application Process Like?

FreedomPlus's application form is short and easy to complete. Borrowers must provide the usual personal and financial information, have a verifiable income, ID and an active bank account. The entire process can be completed within 48 hours and is available to people with less than perfect credit.

How Is FreedomPlus Better than Other Lenders?

FreedomPlus is a good option for subprime borrowers who are struggling to get approved with other lenders. The interest rates are not low but they're still better than many alternative lenders that target people with below average credit. The process is fast and entirely online. Borrowers can get approved in 24 hours and have the cash in their bank account within two days.

FreedomPlus also gives borrowers the option of doing a soft-pull on their credit to see what rate they would qualify without taking a hit one thier credit. There are no prepayment penalties but FreedomPlus is not clear on what the fees it charges for late and returned payments. Those details are only provided when the loan agreement is ready to sign. Borrowers should read the loan agreement carefully before signing to avoid surprises.

  • Credit bureau reporting
  • Interest APR
    7.93% - 29.9%
  • Joint loans available
  • Loan Amount
    $10000 - $35000
  • No late fees
  • Max Loan Term (Months)
    60
  • Lend to military?
  • Origination Fee
    1.38% - %
  • Institution Type
    Direct Lender
  • Approval Speed (Hours)
    24
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The agent was great and very helpful - excellent service and provided just what we needed.


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They made everything very easy and was quickly done! I highly recommend FreedomPlus - they are very professional and knowledgeable in attaining a loan - there were no surprises!


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