Regional Finance Personal Loans Review

Regional Finance Personal Loans is offered by Regional Management Corp., a direct lender founded in 1987 and based in Greer, SC. Regional Finance Personal Loans is available in 11 states across the USA.

• APRs starting at 21.99%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Regional Finance Personal Loans are on the higher end of the spectrum.
• Fast access to funds. In some cases you can get your money within 1 business day.
• Prequalified rate. You can check your prequalified rate at Regional Management Corp. with a soft pull that will not affect your credit score.
• Minimum income of $25,000. You will need an annual income of at least $25,000 to apply for Regional Finance Personal Loans, which is above average for the lenders in our database.

Pros	Cons
$0 prepayment fee. Considers applicants with fair credit. Funding available within 1 business day.	APRs as high as 35.9%. Charges an origination fee of up to 10% of the loan amount. Charges a late fee.

What interest rates and personal loan terms does Regional Finance offer?

Regional Finance has higher interest rates than the average for lenders reviewed on SuperMoney.

What fees does Regional Finance charge?

What do you need to qualify for Regional Finance Personal Loans?

Applicants with a credit score of at least 580 and up to 720 may be eligible for Regional Finance Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for personal loans with Regional Finance Personal Loans, applicants need a minimum annual income of $25,000 or higher. Regional Finance Personal Loans only considers borrowers who are employed and meet the minimum income requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Regional Finance Personal Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Regional Finance Personal Loans. Permanent resident / green card holders are also eligible to apply.

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

• Recent pay stubs
• Driver's license
• Proof of citizenship or residence permit

Regional Finance Eligibility Criteria

Minimum Age	18
Bank Account Required?	No
Application Types Accepted	Individual Applications
Credit Score	580 - 720

What is the estimated funding time for a personal loan via Regional Finance?

Regional Finance will typically provide a credit approval decision in less than an hour and fund the loan within 1 business day.

Does Regional Finance Personal Loans report your account activity to credit bureaus?

Yes, Regional Finance Personal Loans reports your account activity to the following credit reporting agencies:

• Equifax
• 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 improve your credit.