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Regional Finance personal loans review

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Regional Finance personal loans
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Max. Loan Amount
Min. credit score

Our verdict

You won't need the best credit — or a bank account — to qualify for a secured loan.

Regional Finance is ideal for borrowers with less-than-perfect credit who've struggled to find a personal loan because they don't have a bank account. You don't need to have a checking or savings account to qualify, and it works with individuals with credit scores as low as 580. You might also be able to get your funds via check the same day you apply, making it good for emergency situations.

But you'll need to live in one of the 11 states it operates in if you want to take out a loan. And you have to back your loan with some form of collateral — though you can use any combination of items, like a DVD player and TV. Former customers have complained of high rates, though this isn't uncommon for a lender that works with all credit types.

Not sure Regional Finance is right for you? Use our table to compare other options.


  • No bank account required
  • Bad credit OK
  • Same-day funding available
  • Coapplicants accepted


  • Only available in 11 states
  • Must provide collateral
  • Must receive funds by check — not bank transfer
  • Loans capped at $10,000

In this guide

  • Our verdict
  • Details
    • Product details
    • Contact info
  • Your reviews
  • Ask a question


Product details

Min. Loan Amount $600
Loan Amount $10,000
APR Varies
Interest Rate Type Fixed
Min. credit score 580
Loan term 12 to 72 months

Contact info

Phone number 888-636-3535

How much will this loan cost me?

Regional Financial doesn’t list its APR directly on its website — largely because it varies between states. Its loans range from $600 to $10,000, but like APR, the exact amount will depend on the state you live in. And it does state that loans larger than $3,000 may have better APRs than smaller-dollar loans.

If you decide to apply for preapproval, you can use the calculator below to estimate your monthly payment at the interest rate Regional Financial quotes you.

Monthly repayments calculator

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Fill out the form and click on “Calculate” to see your estimated monthly payment.


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How it works

Regional Finance works with borrowers who don’t have the best credit. Because of this, you will be required to secure your loan with collateral — and your rates will be high for a personal loan.

Regional Finance doesn’t offer exact rates, but borrowers with fair credit — 580 or higher — can likely expect a lower APR than borrowers with bad credit. Requesting a lower loan amount or providing more valuable collateral may also help reduce the amount of interest you pay.

What do I need to qualify?

To apply for a personal loan from Regional Finance, you’ll need to meet some basic eligibility criteria:

  • Collateral to secure your loan
  • Resident of a serviced state
  • Credit score of at least 580
  • US citizen or permanent resident
  • At least 18 years old

Where does Regional Finance have branches?

Regional Finance offers its services in these 11 states:

  • Alabama
  • Georgia
  • Missouri
  • New Mexico
  • North Carolina
  • Oklahoma
  • South Carolina
  • Tennessee
  • Texas
  • Virginia
  • Wisconsin

What information do I need to apply?

To see if you prequalify for a loan with Regional Finance, you’ll need to provide two pieces of information:

  • Social Security number
  • Date of birth

Later in the full application you’ll be required to provide other information, like proof of your income and a copy of a government-issued ID.

See other personal loan options

Name Product Filter Values APR Min. credit score Loan amount
Upstart personal loans
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7.80% to 35.99%
$1,000 to $50,000
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SoFi personal loans
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SoFi personal loans
8.99% to 29.99%
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no required fees.
Best Egg personal loans
Finder Score: 3.8 / 5: ★★★★★
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8.99% to 35.99%
$2,000 to $50,000
Fast and easy personal loan application process. See options first without affecting your credit score.
Finder Score: 4 / 5: ★★★★★
8.49% to 35.99%
$1,000 to $50,000
Check your rates with this online lender without impacting your credit score.
LendingPoint personal loans
Finder Score: 3.3 / 5: ★★★★★
LendingPoint personal loans
7.99% to 35.99%
$2,000 to $36,500
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
Happy Money
Finder Score: 3.8 / 5: ★★★★★
Happy Money
11.72% to 24.50%
$5,000 to $40,000
Pay down your debt with a fixed APR and predictable monthly payments.

Is Regional Finance legit?

Yes, Regional Finance is a legit lender with an encrypted website to keep your information safe from hackers. And its privacy policy covers the information it collects and uses.

However, there’s no information online on how it keeps your information safe at its branches. If you’re concerned, ask a Regional Finance representative to go over how it secures your data when you apply at a branch.

Does Regional Finance get good customer reviews?

Not many people have reviewed Regional Finance — and it doesn’t have a BBB or Trustpilot page. The few reviews it gets on other review sites are mainly negative, with almost every borrower complaining about high interest rates and poor customer service.

How do I apply?

To get see if you prequalify, follow these steps:

  1. Click Go to site on this page or visit Regional Finance’s website and click Prequalify now.
  2. Select the type of loan and enter your requested loan amount.
  3. Enter your contact information, including your date of birth and Social Security number.
  4. Enter information about your residence.
  5. Read over the authorization statement, the terms of use and the e-sign disclosure.
  6. Click Continue at the bottom of the page to submit your information.

What happens after I apply?

A loan specialist from Regional Finance should get in touch with you within 24 to 48 hours if you prequalify. From here, they’ll work with you to complete your final application. You typically need to bring a copy of a government-issued ID as well as proof of residence and income.

Regional Finance doesn’t disburse the funds directly into your bank account, but you may be able to pick up your check the same day you finalize your application.

How do repayments work with Regional Finance?

Regional Finance allows you to make repayments online, by phone, at a branch or by mail. If needed, you can request a change to your due date — you’ll just have to visit a branch to get everything set up.

If you want to make automatic payments, you can set them up online. However, Regional Finance requires you to make the last two monthly payments using one of its other options.

See how Regional Finance stacks up to other lenders with our guide to personal loans.

Frequently asked questions

Answers to commonly asked questions about Regional Finance personal loans.

Do I need to provide collateral?

Yes. While you may not have to bring the collateral when you apply, you will have to give your Regional Finance branch a list of items you can use as collateral. Acceptable collateral includes small electronics like DVD players and larger items like a TV.

Does Regional Finance report repayments to the credit bureaus?

Yes, Regional Finance reports both on-time and missed repayments to Equifax and TransUnion.

Personal loan ratings

★★★★★ Excellent
★★★★★ Good
★★★★★ Average
★★★★★ Subpar
★★★★★ Poor
We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience. Read the full methodology of how we rate personal loan providers.

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July 10, 2019

My credit score is around 580. I do not have a checking account my check goes on to a card provided thru First State Bank. Are there any loan options out there for me?


Jeni Finder

July 12, 2019

Hi Gracie,

Thank you for getting in touch with Finder.

If you consider getting a loan with Regional Finance, you might still qualify for a loan with them event without a bank account so long that you can show proof of income and residence as well as meet Regional Finance’s credit requirements.

You may also reach out to lenders offering bad credit loan or no bank account loan.

Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.

I hope this helps.

Thank you and have a wonderful day!



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June 17, 2019

My credit is a little under 550 but I have an emergency and need a loan of at least 1000 without those depositing directly in your account scams. What can I do?


Jeni Finder

June 20, 2019

Hi Anthony,

Thank you for getting in touch with Finder.

You can refer to our bad credit cash loans page to compare your options and see which lender suits you. Most lenders require you have a checking account when you apply because they use it to deposit your funds and withdraw your payments. Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.

I hope this helps.

Thank you and have a wonderful day!



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info on small loans

December 18, 2018

Where can i apply for a small loan no direct deposit i eant through check


johnbasanes Finder

December 19, 2018

Hi, Info on small loans,

Thank you for leaving a question.

You may consider getting a personal loan. Though for the repayment options, you may need to directly speak with the provider if they allow checks as payments. Hope this helps!



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November 25, 2018

Can I get Loan $5000



November 25, 2018

Hi Naresh,

Thanks for your inquiry and for visiting our page. You may certainly get a loan at Regional Finance. To get started, be sure to review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the product disclosure statement of the product and contact the lender should you need any clarifications about the loan. Hope this was helpful. Don’t hesitate to message us back if you have more questions.



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