Promise Financial Personal Loans is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs.
Last Updated: 04/18/2025
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Promise Financial Personal Loans
Unaffiliated
in Personal Loans from Promise Financial
Last Updated: 04/18/2025
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Highlights
APR
6.99% - 29.99%(Verified 06/21/2024)
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Amount Range
$3,000 - $35,000
Loan Term (Months)
N/A
Promise Financial Personal Loans Review
Promise Financial Personal Loans is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs. |
Promise Financial Personal Loans is offered by Promise Financial, a financial services company founded in 2014 and based in Hoboken, NJ. Promise Financial personal loans are available in 42 states and Washington, DC.
Key Takeaways
- Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
- Prequalified rate. You can check your prequalified rate at Promise Financial with a soft pull that will not affect your FICO or VantageScore.
- Origination fees of 1% to 6%. 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.
Promise Financial personal loans Pros & Cons
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Promise Financial personal loans FAQ
What interest rates and personal loan terms does Promise Financial personal loans offer?
Promise Financial personal loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Promise Financial personal loans offer?
Promise Financial personal loans offers a personal loan product that ranges from 6.99% APR up to 29.99% APR.
How much can you borrow via Promise Financial personal loans?
Personal loan amounts start at $3,000 and go up to $35,000
| Personal Loan Amount | $3000 - $35000 |
| Loan Term | N/A |
| APR | 6.99% - 29.99% |
What fees does Promise Financial personal loans charge?
Does Promise Financial personal loans charge an origination fee?
Promise Financial personal loans may charge a personal loan origination fee of 1% to 6% of the personal loan amount . Promise Financial personal loans 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 Promise Financial personal loans charge a late fee?
Yes, Promise Financial personal loans may charge a late payment fee if you miss one of the regularly scheduled payments of up to $15.
Does Promise Financial personal loans charge prepayment fees?
No, Promise Financial personal loans 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% - 6% |
| Prepayment Fee | No |
| Late Payment Fee | $15 |
What do you need to qualify for Promise Financial Personal Loans?
Applicants with a credit score of at least 620 and up to 850 may be eligible for Promise Financial Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Promise Financial Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
To qualify, applicants may need to provide the following documentation:
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | No |
| Credit Score | 620 - 850 |
What is the estimated funding time for a personal loan via Promise Financial personal loans?
Promise Financial personal loans will typically fund loans within 1 to 7 business days of approval and clearing necessary verifications.
Does Promise Financial 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. Promise Financial personal loans allows you to check your rates with a soft credit pull.
Are Promise Financial Personal Loans legit?
Promise Financial was founded in 2014, it is a well-established company that has been in business for 12 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.