Promise Financial

Out of Business

Promise Financial

in Personal Loans from Promise Financial

Out of Business

Promise Financial

in Personal Loans from Promise Financial

SuperMoney Net Recommendation Score +100% 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.

Strongly recommended

1 user recommends
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Community Rating Strongly recommended
Loan Amount $3,000 - $35,000
APR 6.99% - 29.99%
Loan Term (Months) N/A

Promise Financial Review

Where does Promise Financial do business?

Promise Financial is a lending platform based in Hoboken, NJ. Founded in 2014, Promise Financial offers access to personal loans in 42 states (and Washington, DC).

What rates and terms does Promise Financial offer?

What personal loan APRs does Promise Financial offer?

Promise Financial offers a personal loan product that ranges from 6.99% 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 Promise Financial?

Loan amounts start at $3,000 and go up to $35,000.

Promise Financial Rates & Terms
Loan Amount $3000 - $35000
Loan Term N/A
APR 6.99% - 29.99%

What fees does Promise Financial charge?

Does Promise Financial charge an origination fee?

Promise Financial charges a loan origination fee of 1% to 6% of the loan amount. Promise Financial 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 Promise Financial charge a late fee?

Yes, Promise Financial may charge borrowers a late payment fee of up to $15, which is triggered if you're 15 days late.

Does Promise Financial charge prepayment fees?

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

Promise Financial Fees
Origination Fee 1% - 6%
Prepayment Fee? No
Late Payment Fee $15

What do you need to qualify for a loan with Promise Financial?

Applicants with a credit score of at least 620 can apply for a loan via Promise Financial . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

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

To qualify, applicants may need to provide the following documentation:

  • Proof of citizenship or residence permit
  • Promise Financial Eligibility Criteria
    Minimum Age 18
    Bank Account Required? No
    Joint Applications Accepted? Yes
    Credit Score 620 - 850

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

    Promise Financial will typically approve (or deny) a loan application within 36 hours and fund personal loans within 7 business days of approval.

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    • Headquarters
    •   22 Hudson Place
      Hoboken, NJ 07030 USA
    •   Visit Site

    About Promise Financial


    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 42 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Connecticut
    • Delaware
    • Washington, DC
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • Ohio
    • Oklahoma
    • Pennsylvania
    • Rhode Island
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Prepayment Fee  
    Late Fee After (number of days) 15
    Late Fee Amount $15
    Origination Fee 1% - 6%
    Minimum Age 18
    Credit Score Range 620 - 850
    Immigration Status Considered
    • U.S. Permanent Resident
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Joint Loan Applications Accepted
    • Individual Applications
    Verification Documents Required
    • Proof of citizenship/residence (Green Card)
    Loan Amount $3K - $35K
    APR 6.99% - 29.99%

    Promise Financial Community Reviews


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