Splash Financial Personal Loans
Splash Financial Personal Loans
in Personal Loans from Splash Financial, Inc.

Splash Financial Personal Loans

in Personal Loans from Splash Financial, Inc.
Not enough votes for recommendation

Not enough votes for recommendation

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PenFed Credit Union Personal Loans
PenFed Credit Union Personal Loans 47 reviews
APR  (Fixed APR) 6.74% - 29.99%
(Verified 12/16/2022)
Loan Amount $5,000 - $35,000
Loan Term (Months) 24 - 84 months

Splash Financial Personal Loans Review

Splash Financial Personal Loans is offered by Splash Financial, Inc., a marketplace lending platform founded in 2012 and based in Clevelend, OH. Splash Financial Personal Loans are available in 48 states (and Washington, DC).

Key Takeaways

  • APRs starting at 6.74%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Splash Financial Personal Loans are on the lower end of the spectrum.
  • Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
  • Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Splash Financial Personal Loans early.
  • No origination fee. Splash Financial Personal Loans does not charge a loan origination fee.
  • Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Splash Financial Personal Loans.
  • Super long loan terms. Splash Financial Personal Loans offers loan terms of up to 84 months. Most personal loans have a maximum term of 60 months.

Splash Financial Pros & Cons

Pros Cons
  • Low APRs available to qualified borrowers.
  • Loan options with $0 origination fee.
  • Funding available within 1 business day.
  • Accepts cosigners and coborrowers.
  • APRs as high as 29.99%.
  • Only considers applicants with good credit.
  • Do not offer pre-approval with soft credit pull.
  • Splash Financial Personal Loans does not report to credit bureaus.
  • Charges prepayment fees.
  • Charges a late fee.

Splash Financial FAQ

What interest rates and personal loan terms does Splash Financial offer?

Splash Financial has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does Splash Financial offer?

Splash Financial offers a fixed APR personal loan product that ranges from 6.74% APR up to 29.99% APR.

How much can you borrow via Splash Financial?

Personal loan amounts start at $5,000 and go up to $35,000.

What is the maximum loan term you can get with Splash Financial?

Splash Financial offers loans with terms of up to 84 months.

Splash Financial Interest Rates & Loan Terms
Personal Loan Amount $5000 - $35000
Loan Term 24 - 84 months
APR 6.74% - 29.99%

What fees does Splash Financial charge?

Does Splash Financial charge an origination fee?

Splash Financial does not charge a personal loan origination fee.

A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Splash Financial charge a late fee?

No, Splash Financial will not charge you a late fee if you miss one of the monthly payments.

Does Splash Financial charge prepayment fees?

No, Splash Financial 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.

Splash Financial Fees
Origination Fee No
Prepayment Fee N/A
Late Payment Fee No

What do you need to qualify for Splash Financial Personal Loans?

Applicants with a credit score of at least 700 and up to 850 FICO may be eligible for Splash Financial Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Splash Financial Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Splash Financial Personal Loans only considers borrowers who are employed. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.

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. Active duty service members and their covered dependents are eligible to apply for a loan via Splash Financial Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Splash Financial Personal Loans. Not all companies will work with visa holders. Splash Financial, Inc. does offer its services to temporary resident visa holders such as F1 or H1B holders. An uncommon feature is for lenders to offer their services to non-residents. Splash Financial, Inc. is one of the few that does. If you are a non-resident looking to access these services through an entity incorporated in the U.S., you are in luck. Splash Financial Personal Loans will consider you for their services.

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

  • Driver's license
  • Government issued photo ID
  • Proof of identity
  • Proof of residence
Splash Financial Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Co-borrowers
  • Cosigners
  • Individual Applications
  • Credit Score 700 - 850 FICO

    What is the estimated funding time for a personal loan via Splash Financial?

    Splash Financial will typically approve (or deny) a loan application within 48 hours and fund loans within 3 business days of approval.

    Is Splash Financial, Inc. a legit company?

    Splash Financial, Inc. was founded in 2012, it is a well-established company that has been in business for 11 years.

    Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

    Splash Financial Personal Loans Disclosure: Splash Financial, Inc. (NMLS # 1630038) Terms and conditions apply. Products may not be available in all states. The information you provide to us is an inquiry to determine whether Splash’s lending partners can make you a loan offer, but does not guarantee you will receive any loan offers. To check the rates and terms you qualify for, Splash conducts a soft credit pull that will not affect your credit score. To obtain a loan, a hard credit pull will be requested by the lender which may affect your credit.
    SuperMoney Disclosure: 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.


    Other Services by Splash Financial, Inc.


      Available in 48 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Washington
    • Washington, DC
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Origination Fee
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    • Non-Resident
    • Non-Residents Through Entities Incorporated in the U.S.
    • U.S. Temporary Resident Visa Holders
    Joint Loan Applications Accepted
    • Co-borrower
    • Cosigner
    • Individual Applications
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Cash
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    • Tax Returns
    Verification Documents Required
    • Driver License (or other photo ID)
    • Proof of Identity
    • Proof of Residence
    • Government Issued Photo ID
    Credit Score Range 700 - 850
    APR Type Fixed APR
    Loan Amount $5,000 - $35,000
    APR (Fixed APR) 6.74% - 29.99%
    (Verified 12/16/2022)
    Loan Term 24 - 84 months

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