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Regional Finance personal loans review

You won't need the best credit — or a bank account — to qualify for a secured loan.’s rating: 2.75 / 5.0


Bottom line: Borrowers don’t need a bank account to get a loan with Regional Finance. And you don’t necessarily need the best credit score, either. But you will need to back your loan with collateral.

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Max. Loan Amount




Min. credit score


Min. Loan Amount$600
Loan Amount$10,000
Interest Rate TypeFixed
Min. credit score580
Loan term12 to 72 months

Review by

Kellye Guinan is a freelance editor and writer, specializing in consumer lending. Her writing and analysis has been featured on Bankrate, MSN and MediaFeed. She holds degrees in anthropology and German language and literature from Middle Tennessee State University.

Expert review

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

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.

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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.

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