Universal Credit Personal Loans
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Universal Credit Personal Loans
in Personal Loans from Universal Credit
Claimed Apply Now Get Personalized Rates

Universal Credit Personal Loans

in Personal Loans from Universal Credit
SuperMoney Net Recommendation Score +81  


This product is strongly recommended by SuperMoney users with a score of +81, equating to 4.6 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Community Rating Strongly recommended
APR  (Fixed APR) 11.69% - 35.99%
(Verified 08/04/2023)
Loan Amount $1,000 - $50,000
Loan Term (Months) 36 - 60 months
Number of Reviews 16

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 50 states (and Washington, DC).

Key Takeaways

  • APRs starting at 11.69%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Universal Credit Personal Loans are on the higher end of the spectrum.
  • Fast access to funds. If approved, you can sometimes 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.
  • Strongly recommended. 14 out of 16 SuperMoney community members recommended 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 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
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Funding available within 1 business day.
  • APRs as high as 35.99%.
  • Charges an origination fee of up to 9.99% of the loan amount.
  • Charges a late fee

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 $1,000and 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.

Universal Credit Interest Rates & Loan Terms
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?

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

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.

Universal Credit Fees
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. 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 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
  • Government issued photo ID
  • Proof of identity
  • Proof of citizenship or residence permit
Universal Credit Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Individual Applications
Credit Score 560 - 850

What is the estimated funding time for a personal loan via Universal Credit?

Universal Credit 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.

Are Universal Credit Personal Loans legit?

Universal Credit Personal Loans was founded in 2016. It is an established company that has been in business for 7 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%. All personal loans have a 5.25% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 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 in your account 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 on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early.
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.


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

About Universal Credit Personal Loans


  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • 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
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee
(Verified 04/14/2023)
Origination Fee (%) 5.25% - 9.99%
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Other
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Cash
  • 1099 Misc. Income
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Credit Score Range 560 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 day
Payment Options Automatic Payments
Pre-Qualified Soft Credit Inquiry
APR Type Fixed APR
Loan Amount $1,000 - $50,000
APR (Fixed APR) 11.69% - 35.99%
(Verified 08/04/2023)
Loan Term 36 - 60 months

Universal Credit Personal Loans Community Reviews


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This product is strongly recommended by SuperMoney users with a score of +81, equating to 4.6 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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