FreedomPlus personal loans

FreedomPlus offers personal loans from $10,000 to $35,000 and rewards borrowers who are working to consolidate debt.

FreedomPlus is an online lender that provides personal loan customers with some unique perks that other companies normally don’t offer. These include the ability to pay debt directly, and rewards for consolidating debt.

Compare FreedomPlus to other personal loan lenders

Rates last updated May 25th, 2017
Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
Minimum Credit Score Max. Loan Amount APR Requirements
Prosper Personal Loan
Borrow only what you need for debt consolidation, home improvements, special occasions and more — with APRs based on your credit score.
640 $35,000 From 5.99% (fixed) You are over 18 years of age, you are an American citizen or a permanent resident of the US, and you don’t have bad credit history. Same rates
everywhere
Go to site More
Lending Club Personal Loan
Borrow up to $40,000 with rates from 5.99% to 35.89% APR based on your credit score.
660 $40,000 From 5.99% (fixed) You must be over 18 years of age, a permanent resident of the US or an American citizen and have a steady source of income. Same rates
everywhere
Go to site More
Upstart Personal Loans
This newer service looks beyond your credit score to match you with accredited investors for low-rate personal loans.
660 $50,000 From 7.16% (fixed) 18+. US citizen or permanent resident. 660 credit score or higher. Same rates
everywhere
Go to site More
NetCredit Personal Loan
You could borrow up to $10,000 and get an interest rate personalized to your credit score
550 $10,000 From 34% (variable) Varies based upon state of application Same rates
everywhere
Go to site More
SoFi Personal Loan Fixed Rate (with Autopay)
Borrow up to $100,000 with a competitive APR and no fees.
Good to excellent credit $100,000 From 5.49% (fixed) You must be a U.S. citizen or permanent resident 18 years or older. Same rates
everywhere
Go to site More
OneMain Financial Personal Loans
Get funded quickly with a term loan that works for your circumstances — even with bad or no credit.
600 $25,000 From 12.99% (fixed) Eligibility for a loan is determined by your financial history, credit history, income and expenses, and whether or not you have ever filed for bankruptcy. Same rates
everywhere
More
Avant — Personal Loan
Check your rate — without affecting your credit score — before applying for this unsecured personal loan.
600 $35,000 From 9.95% (fixed) You must have at least a fair credit score of 580 or more), provide proof of a steady income and be a US resident who is at least 18 years old. Same rates
everywhere
More

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Quick overview of FreedomPlus

Here are a few things to keep in mind if you’re interested in applying for a personal loan through FreedomPlus.

  • The average credit score of a FreedomPlus borrower is between 700-740. Good credit is typically required.
  • You will need to have a low debt-to-income ratio and earn $25,000 or more annually.
  • Before you are approved for a loan, you will be required to speak to a consultant first. Sometimes, they can help you get better rates.
  • FreedomPlus encourages borrowers to have co-signer by offering lower interest rates to those who do.
  • The APR varies from 4.99% p.a., but averages around 21.7% for most customers.
  • There is an origination fee of up to 5% of the amount of the loan.

What makes FreedomPlus unique?

FreedomPlus Personal Loans is unique in the lending world because of offered incentives to lower the APR on your loan. Considering the already competitive APR, the option to lower your interest even further could be wildly beneficial in helping get debt under control.

One way you can decrease your APR is by applying with a cosigner, as this is encouraged by FreedomPlus. Another way is to consolidate your debt and pay off your creditors directly.

How to apply for a FreedomPlus personal loan

FreedomPlus personal loans takes pride in offering their customers a quick and simple application process.

  • Step 1: Fill out the online application form with all of the required information and wait for FreedomPlus to conduct their credit check. Only a soft pull from Experian is used for the check, so it won’t affect your credit score.
  • Step 2: If you’re approved, you will need to create an account online and provide more details about your financial situation. It’s at this point that you may opt to lower your interest by adding a cosigner, or by paying off your creditors directly.
  • Step 3: After you select the loan you need, a FreedomPlus loan consultant will contact you to gather more information (verifying your identity and bank account), and to finalize the approval.
  • Step 4: Once everything is finalized, you can then choose which day each month you would like to make your payment. This date can be changed at any time.

As with any loan, it’s important to review the APR and terms before you sign. Make sure that the loan you’re getting is the one that best suits your needs.

Frequently asked questions

Yes, there are no prepayment penalties.

Yes, but not if it was within the last 2 years.

FreedomPlus offers loans that start at $10,000. However, they do not arrange loans in Arizona under $10,500; Massachusetts under $6,500, Ohio under $5,500 or Georgia under $3,500.

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US Personal Loans Offers

Learn about our information service
Lending Club Personal Loan

Borrow up to $40,000 with rates from 5.99% to 35.89% APR based on your credit score.

Prosper Personal Loan

Borrow only what you need for debt consolidation, home improvements, special occasions and more — with APRs based on your credit score.

Upstart Personal Loans

This newer service looks beyond your credit score to match you with accredited investors for low-rate personal loans.

PersonalLoans.com

An online loan matching service that connects you with lenders for peer-to-peer, personal and bank loans for a variety of purposes.

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