FreedomPlus does charge an origination fee that ranges between 0%-5% of the loan amount. There are no fees for the prepayment of the loan.
FreedomPlus FeesĪll FreedomPlus loans are transparent FreedomPlus doesn’t charge any hidden fees.
FREEDOM PLUS FULL
The full list is alphabetized here and in the table below:Īlabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, and Washington D.C. As is the case with most unsecured loans, you will be offered a better rate if you choose a shorter repayment term but never take a higher payment than you can comfortably afford, even if you qualify for it.Īs of July 2020, FreedomPlus loans are available if you are a resident of any of the following 33 states or Washington D.C. You can choose a loan repayment term ranging from two to five years (24 to 60 months). Other common reasons borrowers also take out loans from FreedomPlus include financing:įreedomPlus offers loans from $7,500 to $50,000. If you are carrying high-interest debt, it makes sense to see if you can save money by reducing the cost of paying off your debt. The FreedomPlus loan combines several high-interest debts from multiple creditors into a fixed-rate loan with one affordable monthly payment. A primary reason borrowers turn to FreedomPlus is for a debt consolidation loan. FreedomPlus BorrowersįreedomPlus loans serve a variety of borrowers' needs. FreedomPlus loan consultants are based in the USA you won’t be connected with an overseas call center. It provides confidence that you are dealing with more than an online company that is so automated in its systems that it views you as a combination of personal identification information and a financial balance sheet made up of credit score, income, debts, and assets.įreedomPlus loan officers will answer your specific questions and concerns and confidently guide you through the application process. The requirement that you consult with a loan expert early in the process adds a personal touch. If you are a qualified applicant, you will speak with a FreedomPlus loan consultant to finish your application. There are no hidden fees, no prepayment fees, and the loans are fixed-rate loans, with rates guaranteed never to increase and a monthly payment that remains the same throughout the life of your loan.Ī unique feature of a FreedomPlus loan is that you start the application process online. Not only is the FreedomPlus process easy, but it also provides you with a transparent loan application process. FreedomPlus loans can be approved in as little as one day from the time of application, and funds may be available to borrowers as soon as one day later. Its lending criteria give it the flexibility to serve borrowers with FICO scores above 620.įreedomPlus’s website easy to use, and the application process is simple. FreedomPlus makes an effort to look beyond a traditional credit score to determine whether or not to approve a borrower. Since its founding in 2014, FreedomPlus has originated more than $3 billion in loans. FreedomPlus offers loans at reasonable rates to borrowers who can't qualify for loans elsewhere. takes a look at FreedomPlus personal loans and their unique underwriting system that takes into account factors that traditional loan lenders ignore. FreedomPlus is one of the FinTech companies that has changed the personal loan marketplace that once belonged to banks and credit unions.įinTech lenders like FreedomPlus have applied online technology and resources to open up the personal loan market, reaching a broader class of borrowers. FreedomPlus Tailors Loans to Fit Your Unique Needs What is FreedomPlus?įreedomPlus is a leading online lender specializing in unsecured personal loans.
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