Last Updated: 04/24/2025
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Highlights
APR (Fixed APR)
5.9% - 15.9%(Verified 04/24/2025)
Amount Range
$10,000 - $250,000
Loan Term (Months)
12 - 120
GreenSpot Funding Review
GreenSpot Funding is a consumer and small business finance company based in Boca Raton, FL. It offers loan services, along with a variety debt elimination programs to borrowers in 42 states (and Washington, DC). GreenSpot Funding was founded in 2017. It is an established company that has been in business for 6 years.
Key Takeaways
- APRs starting at 5.9%. Personal loan interest rates typically range between 9% and 36%. The starting rates for GreenSpot Funding are on the lower end of the spectrum.
- Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
- Large loan amounts. You can apply for loan amounts of up to $250,000 with GreenSpot Funding .
- Prequalified rate. You can check your prequalified rate at Premlo Inc with a soft pull that will not affect your FICO or VantageScore.
- Origination fees of 1% to 9%. This is on the high end for lenders on SuperMoney's database. Don't forget that these fees are deducted from the loan amount, so take them into account when deciding how much money to borrow.
- No late fees. GreenSpot Funding will not charge additional fees if you miss the due date on a payment.
- Super long loan terms. GreenSpot Funding offers loan terms of up to 120 months. Most personal loans have a maximum term of 60 months.
GreenSpot Funding Pros & Cons
| Pros | Cons |
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GreenSpot Funding FAQ
What interest rates and personal loan terms does GreenSpot Funding offer?
GreenSpot Funding has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does GreenSpot Funding offer?
GreenSpot Funding offers a fixed APR personal loan product that ranges from 5.9% APR up to 15.9% APR.
How much can you borrow via GreenSpot Funding?
Personal loan amounts start at $10,000 and go up to $250,000
What is the maximum loan term you can get with GreenSpot Funding?
GreenSpot Funding offers loans with terms of up to 120 months.
| Personal Loan Amount | $10000 - $250000 |
| Loan Term | 12 - 120 months |
| APR | 5.9% - 15.9% |
What fees does GreenSpot Funding charge?
Does GreenSpot Funding charge an origination fee?
GreenSpot Funding may charge a personal loan origination fee of 1% to 9% of the personal loan amount . GreenSpot Funding deducts the origination fee directly from your personal loan amount, so make sure you take this fee into account when deciding how much you need to borrow.
Does GreenSpot Funding charge a late fee?
No, GreenSpot Funding will not charge you a late fee if you miss payments.
Does GreenSpot Funding charge prepayment fees?
No, GreenSpot Funding 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.
| Origination Fee | 1% - 9% |
| Prepayment Fee | No |
| Late Payment Fee | No |
What do you need to qualify for GreenSpot Funding?
Applicants with a credit score that ranges above 650 may be eligible for GreenSpot Funding. The minimum age to be eligible is 18 or the state minimum, whichever is higher. GreenSpot Funding does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by GreenSpot Funding. Not all companies will work with visa holders. Premlo Inc does offer its services to temporary resident visa holders such as F1 or H1B holders.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking or savings account
- Recent pay stubs
- Proof of income
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- U.S. tax identification number
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Credit Score | Starting at 650 |
What is the estimated funding time for a personal loan via GreenSpot Funding?
GreenSpot Funding will typically fund loans within 1 to 2 business days of approval and clearing necessary verifications.
Does GreenSpot Funding report your account activity to credit bureaus?
Yes, GreenSpot Funding reports to the following credit bureaus:
- 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 build your credit.
Does Premlo Inc perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. GreenSpot Funding allows you to check your rates with a soft credit pull.
Are GreenSpot Funding legit?
Premlo Inc was founded in 2017, it is a well-established company that has been in business for 9 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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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.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 7:00PM
Tuesday
9:00AM - 7:00PM
Wednesday
9:00AM - 7:00PM
Thursday
9:00AM - 7:00PM
Friday
9:00AM - 7:00PM
Saturday
Closed