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.

• 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 cash. In some cases you can get your money within 1 business day.
• Fair credit accepted. The credit score needed for Regional Finance Personal Loans is relatively low. Borrowers with a credit score as low as 590 may qualify for Regional Finance Personal Loans.
• 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.

Pros	Cons
$0 prepayment fee. Considers applicants with poor credit. Fast funding.	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. No co-sign option.

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 fees does Regional Finance Personal Loans charge?

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

Applicants with a credit score of at least 590 and up to 720 are 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?

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 can help improve your credit.