Universal Credit Personal Loans
Would you recommend Universal Credit Personal Loans to your friends?
| Community Rating | Strongly recommended |
| APR (Fixed APR) | 8.93% - 35.93% |
| Loan Amount | $1,000 - $50,000 |
| Loan Term (Months) | 36 - 60 months |
| Number of Reviews | 11 |
Universal Credit Personal Loans Review
Universal Credit Personal Loans is offered by Universal Credit, a nonbank financial services provider founded in 2016 and based in San Francisco, CA. Universal Credit Personal Loans is available in 47 states across the USA.
- APRs starting at 8.93%. These are average starting rates for a personal loan. If you have good credit you may qualify for a loan with better rates.
- Fast access to funds. In some cases you can get your money within 1 business day.
- Large loan amounts. You can apply for loan amounts of up to $50,000 with Universal Credit Personal Loans.
- Prequalified rate. You can check your prequalified rate at Universal Credit with a soft pull that will not affect your credit score.
- Origination fees of up to 8%. This is on the high end for lenders on SuperMoney's database. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
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What interest rates and personal loan terms does Universal Credit Personal Loans offer?
What interest rates does Universal Credit Personal Loans offer?
Universal Credit Personal Loans offers a fixed APR personal loan product that ranges from 8.93% APR up to 35.93% APR.
How much can you borrow via Universal Credit Personal Loans?
Business loan amounts start at $1,000 and go up to $50,000.
What is the maximum loan term you can get with Universal Credit Personal Loans?
Universal Credit Personal Loans offers loans with terms of up to 60 months.
| Personal Loan Amount | $1000 - $50000 |
| Loan Term | 36 - 60 months |
| APR | 8.93% - 35.93% |
What fees does Universal Credit Personal Loans charge?
Does Universal Credit Personal Loans charge an origination fee?
Universal Credit Personal Loans may charge a personal loan origination fee of 4.25% to 8% of the personal loan amount. Universal Credit Personal Loans deducts the origination fee directly from your personal loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Does Universal Credit Personal Loans charge a late fee?
No, Universal Credit Personal Loans will not charge you a late fee if you miss one of the monthly payments.
Does Universal Credit Personal Loans charge prepayment fees?
No, Universal Credit Personal 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 | 4.25% - 8% |
| Prepayment Fee | No |
| Late Payment Fee | No |
What do you need to qualify for Universal Credit Personal Loans?
Applicants with a credit score of at least 560 and up to 850 may be eligible for Universal Credit Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.Universal Credit Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Universal Credit Personal Loans only considers borrowers who are employed.
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 Universal Credit Personal Loans. Their rates fall within the limits of The Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by Universal Credit Personal Loans. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
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| Credit Score | 560 - 850 |
What is the estimated funding time for a personal loan via Universal Credit Personal Loans?
Universal Credit Personal Loans will typically provide a credit approval decision in less than an hour and fund the loan within 1 business day.
Does Universal Credit Personal Loans report your account activity to credit bureaus?
Yes, Universal Credit Personal Loans reports your account activity to the following credit reporting agencies:
- 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 improve your credit.
Contact
- Headquarters
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275 Battery St, 23rd Floor
San Francisco, CA 94111 - Visit Site
- Email Support
About Universal Credit Personal Loans
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- Wyoming
Feature Breakdown
| No Prepayment Fee | |
| Origination Fee (%) | 4.25% - 8% |
Universal Credit Personal Loans Community Reviews
Would you recommend Universal Credit Personal Loans to your friends?
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