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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.


Min. Loan Amount$600
Max. Loan Amount$10,000
Interest Rate TypeFixed
Min. Credit Score580
Loan Term12 to 72 months


  • 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.

See other personal loan options

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Name Product Filter Values APR Min. Credit Score Loan Amount
Best Egg personal loans
7.99% to 35.99%
$2,000 to $50,000
A prime online lending platform with multiple repayment methods.
Credible personal loans
3.99% to 35.99%
Fair to excellent credit
$600 to $100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Upstart personal loans
5.6% to 35.99%
$1,000 to $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
SoFi personal loans
7.99% to 23.43%
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.
LendingClub personal loans
6.34% to 35.89%
$1,000 to $40,000
A peer-to-peer lender offering fair rates based on your credit score.

Compare up to 4 providers

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.


Review by

Kellye Guinan was a financer writer for Finder, covering everything from loans from auto to personal to business finance.

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.

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  1. Default Gravatar
    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?

    • Avatarfinder Customer Care
      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!


  2. Default Gravatar
    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?

    • Avatarfinder Customer Care
      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!


  3. Default Gravatar
    December 19, 2018

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

    • Avatarfinder Customer Care
      December 20, 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!


  4. Default Gravatar
    November 25, 2018

    Can I get Loan $5000

    • Default Gravatar
      November 26, 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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