Is Universal Credit Personal Loans the right fit for you?
Last Updated: 09/23/2025
SuperMoney User Recommendation Score +82
Strongly recommended17 total votes
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Highlights
Community Rating
Strongly recommended
APR (Fixed APR)
11.69% - 35.99%(Verified 09/22/2025)
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Amount Range
$1,000 - $50,000
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Loan Term (Months)
36 - 60
Number of Reviews
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 are available in 49 states and Washington, DC.
Key Takeaways
- APRs starting at 11.69%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Universal Credit Personal Loans are on the higher end of the spectrum.
- Fast access to funds. If approved, Universal Credit will send the money in as little as 24 hours.
- 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 FICO or VantageScore.
- Origination fees of 5.25% to 9.99%. This is on the high end for lenders on SuperMoney's database. Don't forget that these fees are deducted from the loan amount, so take them into account when deciding how much money to borrow.
Universal Credit Pros & Cons
| Pros | Cons |
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Universal Credit FAQ
What interest rates and personal loan terms does Universal Credit offer?
Universal Credit has higher than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Universal Credit offer?
Universal Credit offers a fixed APR personal loan product that ranges from 11.69% APR up to 35.99% APR.
How much can you borrow via Universal Credit?
Personal loan amounts start at $1,000 and go up to $50,000
What is the maximum loan term you can get with Universal Credit?
Universal Credit offers loans with terms of up to 60 months.
| Personal Loan Amount | $1000 - $50000 |
| Loan Term | 36 - 60 months |
| APR | 11.69% - 35.99% |
What fees does Universal Credit charge?
Does Universal Credit charge an origination fee?
Universal Credit may charge a personal loan origination fee of 5.25% to 9.99% of the personal loan amount . Universal Credit deducts the origination fee directly from your personal loan amount, so make sure you take this fee into account when deciding how much you need to borrow.
Does Universal Credit charge a late fee?
Universal Credit does not disclose whether it charges late payment fees.
Does Universal Credit charge prepayment fees?
No, Universal Credit 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 | 5.25% - 9.99% |
| 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.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Universal Credit Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Driver's license or other government photo ID
- 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?
Universal Credit will typically fund loans within 1 business day of approval and clearing necessary verifications.
Does Universal Credit Personal Loans report your account activity to credit bureaus?
Yes, Universal Credit Personal 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 Universal Credit perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Universal Credit allows you to check your rates with a soft credit pull.
Are Universal Credit Personal Loans legit?
Universal Credit was founded in 2016, it is a well-established company that has been in business for 10 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.
Universal Credit Personal Loans Disclosure: Personal loans made through Universal Credit feature Annual Percentage Rates (APRs) of 11.69%-35.99% and a 5.25%-9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Repayment terms from 36 to 60 months. For example, if you receive a $10,000 loan with a 36-month term and a 28.47% APR (which includes a 22.99% yearly interest rate and a 7% one-time origination fee), you would receive $9,300 and would have a required monthly payment of $387.05. Over the life of the loan, your payments would total $13,933.62. The APR and other terms of your loan may vary and you may not be presented with multiple offers. If offered, your loan terms, including your rate, will depend on credit score, credit usage history, loan amount, and other factors. Late payments or other fees, as noted in your Borrower Agreement, may increase the cost of your fixed rate loan. Certain loan offers may not be available in all states.
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
Hours of Operation
Sunday
6:00AM - 5:00PM
Monday
6:00AM - 6:00PM
Tuesday
6:00AM - 6:00PM
Wednesday
6:00AM - 6:00PM
Thursday
6:00AM - 6:00PM
Friday
6:00AM - 6:00PM
Saturday
6:00AM - 5:00PM
Other Services by Universal Credit
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +82, or 4.6 on a 5-point rating scale.
+82
-1000+100
No one recommends
Everyone recommends
Universal Credit Personal Loans Community Reviews
Would you recommend Universal Credit Personal Loans to your friends?
SJ
Shamim J.
Feb 21, 2024
May or may not recommend
It's great to hear that Universal Credit Loan offers low rates and speedy fund disbursement, along with incentives like discounts for setting up auto-pay. These features can make managing personal finances easier and more cost-effective. Thanks for sharing your positive experience!
Akinlaja C.
Nov 11, 2023
May or may not recommend
What sets Universal Credit Personal Loans apart from other personal loan lenders is its focus on helping people with bad credit. The company has a non-traditional underwriting process that takes into account more than just a credit score. This means that people with bad credit may still be able to qualify for a loan from Universal Credit.
Universal Credit Personal Loans also excels in the aspect of its fast approval and ...Show More
BW
Bre W.
Jun 26, 2023
May or may not recommend
When I had credit card debt my credit score was not that good, this company was recommended by credit karma I love the interest rate and the fact you can get me the money within hours of approval. No complaints!
Bill J.
May 4, 2023
May or may not recommend
Between my husband and I, we’ve managed to get bogusly played by this company. With me, I had been approved, but then I hadmy approval revoked after they did a hard credit pull because they saw that I had applied for other the credit recently. This should’ve been seen in the soft credit pull that they did. The husband was denied a loan despite having over an 800 ...Show More
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
This is a good company with great features, I think they should work on their customer service a little bit, otherwise, it is a good company.
KA
Khawaja A.
Oct 7, 2022
May or may not recommend
This is a good company with great features, I think they should work on their customer service a little bit, otherwise, it is a good company.
IT
Irfan T.
Apr 28, 2022
May or may not recommend
I needed a loan to purchase a new car and was fed up with my old one. Universal credit was recommended to me by a friend and it was a great one. Their staff helped and guided me through the complete process and passed my loan.
NW
Noam W.
Mar 31, 2022
May or may not recommend
Universal Credit requires you to have a bit of a higher credit score. They also have a high APR of up to 36% and have an origination fee of 8%. However, they have good service, and they offer a generous amount of time to pay off the loan. Would recommend it if you have debts that may take years to pay off.
PP
Presley P.
Mar 6, 2022
May or may not recommend
Hassle free experience, good customer service, & great debt consolidation service
Kayla P.
Feb 25, 2022
May or may not recommend
They helped me get a loan for a new car and I am pleasantly surprised at my experience. Easy, quick, and I was able to have everything explained to me so that I could easily understand everything.
BO
Bobmanuel O.
Feb 23, 2022
May or may not recommend
The best service possible. Hassle free, and the customer service is best in class. Highly recommend.
Taylor B.
Feb 14, 2022
May or may not recommend
Universal credit has really made the process easy to apply which is nice when you need a speedy decision.
MM
Munib M.
Feb 6, 2022
May or may not recommend
I've seen other personal lenders offer low rates and Universal Credit Loan does similar to that. I received my funds in 2 days and also got a discount for setting up my payment on auto-pay.
Jas T.
Jan 31, 2022
May or may not recommend
Definitely would recommend their services for first time loan users.
I needed a small loan for a car note and they gave me ample amount of time to pay it back!
They have a great and understanding customer-service line and they work around credit scores depending on how low it is.
KR
Kye R.
Nov 10, 2021
May or may not recommend
After having some money issues and medical issues, I was stressed beyond my limit and unsure of how to stay on top of it. Universal Credit made inquiring about a loan extremely easy and I was able to find something to help me out during my time. I'm glad I searched around a bit before making a decision, because I feel like this was the best choice for me and ...Show More
PC
Patrick C.
Oct 9, 2021
May or may not recommend
When it comes to loans that help your credit score , look no further Universal Credit Personal Loans has the best rates you can ask for. Their customer service is the best So to start off 2021 my car broke down, and I was scrambling to figure out how i was going to pay for it. I've been working on my credit for a couple of years, and ...Show More
OK
Olatunbosun K.
Oct 6, 2021
May or may not recommend
Finding a suitable platform can be fustrating with stringent requirements, high rates, non transparent credit score results, among others. Universal Credit Personal Loan is a platform that relieve me of all that. Low rates, auto loans, business loans, student loans among other variety options.
Showing 17 of 17 reviews
