Last Updated: 04/18/2025
Reach Financial Personal Loans
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in Personal Loans from Reach Financial
Last Updated: 04/18/2025
SuperMoney User Recommendation Score +18
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Reach Financial Personal Loans Review
Key Takeaways
- APRs starting at 5.99%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Reach Financial Personal Loans are on the lower end of the spectrum.
- Prequalified rate. You can check your prequalified rate at Reach Financial with a soft pull that will not affect your FICO or VantageScore.
- Origination fees of 0% to 8%. 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.
Reach Personal Loans Pros & Cons
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Reach Personal Loans FAQ
What interest rates and personal loan terms does Reach Personal Loans offer?
What interest rates does Reach Personal Loans offer?
How much can you borrow via Reach Personal Loans?
What is the maximum loan term you can get with Reach Personal Loans?
| Personal Loan Amount | $3500 - $40000 |
| Loan Term | 24 - 60 months |
| APR | 5.99% - 35.99% |
What fees does Reach Personal Loans charge?
Does Reach Personal Loans charge an origination fee?
Does Reach Personal Loans charge a late fee?
Does Reach Personal Loans charge prepayment fees?
| Origination Fee | 0% - 8% |
| Prepayment Fee | No |
| Late Payment Fee | $15 |
What do you need to qualify for Reach Financial Personal Loans?
Applicants with a credit score that ranges above 620 may be eligible for Reach Financial Personal Loans. The minimum age to be eligible is 21 or the state minimum, whichever is higher.- Applicants must have an active and valid personal checking account
- Recent pay stubs
- Bank account information
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
| Minimum Age | 21 |
| Bank Account Required? | Yes |
| Credit Score | Starting at 620 |
Does Reach Financial Personal Loans report your account activity to credit bureaus?
- Experian
Does Reach 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.Are Reach Financial Personal Loans legit?
Reach Financial Personal Loans Disclosure: All loans are subject to eligibility criteria and review of creditworthiness and history. Terms and conditions apply. All loans advertised are unsecured personal loans issued by either Pathward National Association or FinWise Bank, a Utah chartered commercial bank, member FDIC, as creditor, on the Reach Financial platform. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, and the loan term you select. Fixed Annual Percentage Rates (APR) range from 5.99% to 35.99%. You could receive a loan of $10,000 with an interest rate of 8.93%, an origination fee of $200, for an APR of 9.80%, which would result in total payment of $12,435 with 60 monthly payments of $207.20. Your actual rate may differ and depends on your credit history, loan amount, and term. Total approved loan amount reflects origination fee, which ranges from 0% to 8%. *Within 24 hours of your loan approval, loan proceeds will be available to pay the creditors named on your Truth-In-Lending Disclosure.
View Reach Financial Personal Loans's published terms & conditions
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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.