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Regional Finance personal loans review

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You may be able to borrow up to $12,000 — as long as you can back it with collateral.’s rating: 2.75 / 5.0


  • Best for borrowers without a bank account who don't have the best credit.
  • Pick something else if you don't want to back your loan with collateral.


Max. Loan Amount




Min. Credit Score


Product NameRegional Finance Personal Loans
Min. Loan Amount$500
Max. Loan Amount$12,000
Interest Rate TypeFixed
Min. Credit Score550
Minimum Loan Term0.75 years
Maximum Loan Term2 years

Expert review

Kellye Guinan

Review by

Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

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 one to qualify, and it works with individuals with credit scores as low as 550. You might also be able to get your funds via check the same day you apply.

But you’ll need to live in one of the 11 states it lends in to qualify. 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.

Its loans also top out at $10,000 — not ideal if you’re looking to borrow higher amounts. And 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? Compare other options below.

First, am I eligible?

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

  • Live in a state serviced by Regional Finance.
  • Have a credit score of at least 550.
  • Be a US citizen or permanent resident.
  • Be at least 18 years old.

Where does Regional Finance have branches?

Regional Finance services the following states:

  • Alabama
  • Georgia
  • Missouri
  • New Mexico
  • North Carolina
  • Oklahoma
  • South Carolina
  • Tennessee
  • Texas
  • Virginia
  • Wisconsin
If you don’t live near a Regional Finance location, you’ll need to consider your other short-term loan options.


  • No bank account required
  • Bad credit OK
  • Potential to get funds the same day you apply
  • Coapplicants accepted
  • Can build credit with on-time repayments
  • Over 300 branches


  • Only available in 11 states
  • Must receive funds by check — not bank transfer
  • Loans capped at $12,000
  • Must provide collateral
  • Negative customer reviews complaining of high rates

Compare other personal loan providers

Updated February 27th, 2020
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What do customers say about Regional Finance?

BBB accreditedNo
BBB ratingA+
BBB customer reviews1 out of 5 stars, based on 6 customer reviews
Customer reviews verified as of24 December 2019

Regional Finance receives negative feedback, with most customers citing its poor customer service and high interest rates as a reason they filed a complaint with the Better Business Bureau (BBB) or left a 1-star review.

How do I apply?

To get started with the online application, follow these steps:
  1. Visit the Regional Finance website and click Prequalify Now.
  2. Select the type of loan and enter your requested loan amount.
  3. Enter your contact information, including your birth date 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 application.

What information do I need to apply?

To complete an application with Regional Finance, you will need to provide a few pieces of information:

  • Social Security number
  • Date of birth

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 will 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 proof of income.

Regional Finance doesn’t disburse the funds directly into your bank account, so you’ll need to visit your local branch to pick up your check.

How do repayments work with Regional Finance?

Regional Finance allows you to make repayments online, by phone, at a branch or by mail.

If you want to set up automatic payments, you can do so through your online account. 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

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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  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 check out this page for your bad credit loan option and this page for lenders who do not require bank accounts.

      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.

      Kindly check out this page to start comparing your bad credit loan options. Most lenders require you have a checking account when you reply 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 click on this link to compare providers for personal loans. 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

    • Avatarfinder Customer Care
      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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