Last Updated: 04/18/2025
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Highlights
APR (Variable APR)
12.96% - 29.99%(Verified 06/21/2024)
Amount Range
$1,750 - $8,000
Loan Term (Months)
10 - 48
Seedfi Loans Review
Seedfi Loans is offered by SeedFi, a nonbank financial services provider founded in 2019 and based in San Francisco, CA. Seedfi Loans are available in 50 states and Washington, DC.
Key Takeaways
- Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging. Personal loan interest rates typically range between 9% and 36%. The starting rates for Seedfi Loans are on the higher end of the market.
- Short loan terms. Seedfi Loans have loan terms as short as 10 months.
Seedfi Loans Pros & Cons
| Pros | Cons |
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Seedfi Loans FAQ
What interest rates and personal loan terms does Seedfi Loans offer?
Seedfi Loans has higher than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Seedfi Loans offer?
Seedfi Loans offers a variable APR personal loan product that ranges from 12.96% APR up to 29.99% APR.
How much can you borrow via Seedfi Loans?
Personal loan amounts start at $1,750 and go up to $8,000
What is the maximum loan term you can get with Seedfi Loans?
Seedfi Loans offers loans with terms of up to 48 months.
| Personal Loan Amount | $1750 - $8000 |
| Loan Term | 10 - 48 months |
| APR | 12.96% - 29.99% |
What fees does Seedfi Loans charge?
Does Seedfi Loans charge an origination fee?
Seedfi Loans may charge a personal loan origination fee .
Does Seedfi Loans charge a late fee?
Seedfi Loans does not disclose whether it charges late payment fees.
Does Seedfi Loans charge prepayment fees?
No, Seedfi 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 | No |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
What do you need to qualify for Seedfi Loans?
When it comes to credit scores, Seedfi Loans doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Seedfi Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Seedfi Loans.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of income
- Driver's license or other government photo ID
- Government issued photo ID
| Minimum Age | 18 |
| Bank Account Required? | No |
| Credit Score | 300 - 850 |
Does Seedfi Loans report your account activity to credit bureaus?
Yes, Seedfi Loans reports to the following credit bureaus:
- Equifax
- Experian
- 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 build your credit.
Does SeedFi perform a hard credit pull?
Yes, Seedfi Loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are Seedfi Loans legit?
SeedFi was founded in 2019. It is an established company that has been in business for 7 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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