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Regional Finance Personal Loans

in Personal Loans from Regional Management Corp.

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Regional Finance Personal Loans

Claimed

in Personal Loans from Regional Management Corp.

SuperMoney Net Recommendation Score -60%

SUPERMONEY NET RECOMMENDATION SCORE

-60%

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 not recommended

1 user recommends
0 users are unsure
4 users don't recommend
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Highlights
Community Rating Strongly not recommended
APR  (Fixed APR) 21.99% - 99.9%
Loan Amount $600 - $10,000
Loan Term (Months) 6 - 60 months
Number of Reviews 5

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 10 states across the USA.

Key Takeaways
  • 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.
  • Hard credit pull required. You can't check your rates or see if you prequalify for Regional Finance Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
  • Short loan terms. Regional Finance Personal Loans offers loan terms as short as 6 months. Most personal loans have a minimum term of 12 to 36 months.
  • 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.
Regional Finance Personal Loans Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Funding available within 1 business day.
  • APRs as high as 99.9%.
  • Charges an origination fee of up to 10% of the loan amount.
  • Do not offer pre-approval with soft credit pull.
  • Charges a late fee.
Regional Finance Personal Loans FAQ

What rates and terms does Regional Finance Personal Loans offer?

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

What APR rate does Regional Finance Personal Loans offer?

Regional Finance Personal Loans offers a fixed APR personal loan product that ranges from 21.99% APR up to 99.9% 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 Regional Finance Personal Loans?

Loan amounts start at $600 and go up to $10,000

What can a personal loan from Regional Finance Personal Loans be used for?

Personal loans from Regional Finance Personal Loans are typically used for special purchases, debt consolidation, weddings, unexpected expenses or similar purposes.

What is the maximum loan term you can get with Regional Finance Personal Loans?

Regional Finance Personal Loans offers personal loans with terms ranging from 6 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Regional Finance Personal Loans Rates & Terms
Loan Amount $600 - $10000
Loan Term 6 - 60 months
APR 21.99% - 99.9%

What fees does Regional Finance Personal Loans charge?

Does Regional Finance Personal Loans charge an origination fee?

Regional Finance Personal Loans may charge a loan origination fee of up to 10% of the loan amount.

Does Regional Finance Personal Loans charge a late fee?

Yes, Regional Finance Personal Loans may charge borrowers a late payment fee.

Does Regional Finance Personal Loans charge prepayment fees?

No, Regional Finance Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

Regional Finance Personal Loans Fees
Origination Fee up to 10%
Prepayment Fee? No
Late Payment Fee N/A

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

Applicants with a credit score of at least 590 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 Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Individual Applications
  • Credit Score 590 - 720

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

    Regional Finance Personal Loans 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

    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.

    Regional Finance Personal Loans Disclosure: Regional Finance is licensed in AL, MO, NC, NM, OK, SC, TN, TX, VA, and WI. Loan approval is subject to our standard credit policies. Loan size, term and rates may vary by state.
    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    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.

    Contact

    • Headquarters
    •   979 B Batesville Road
      Greer, SC 29651
    •   Visit Site

    About Regional Finance Personal Loans

    Message From Regional Management Corp.

    For 30+ years, Regional Finance has been helping our neighbors by providing personal loans. We have 340+ branches in 9 states: AL, GA, NM, NC, OK, SC, TN, TX, and VA, where we serve more than 350,000 customers. We offer fixed rate, fixed term personal loans that our customers use to pay down higher interest debts, pay bills, buy new appliances, get extra cash, and build and strengthen their credit history. Regional Finance is owned and operated by Regional Management Corp.

    Availability

      Available in 10 states
    • Alabama
    • Missouri
    • New Mexico
    • North Carolina
    • Oklahoma
    • South Carolina
    • Tennessee
    • Texas
    • Virginia
    • Wisconsin

    Feature Breakdown

    No Prepayment Fee  
    Origination Fee (%) Up to 10%
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    • Self-Employed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted Individual Applications
    Military Status
    • Non-Military
    • Veterans
    Minimum Age 18
    Minimum Annual Income $25,000
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Cash
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    • Tax Returns
    Verification Documents Required
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Credit Score Range 590 - 720
    Credit Bureau Reporting Equifax
    Customizable Payment Dates  
    Funding Time Range 1 day
    Payment Options
    • Automatic Payments
    • Check by mail
    • Storefront
    • Credit/Debit Card
    Loan Amount $600 - $10,000
    APR (Fixed APR) 21.99% - 99.9%
    Loan Term 6 - 60 months

    Regional Finance Personal Loans Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    -60%

    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.

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