FreedomPlus is an online lending service that offers personal loans, especially for those that want to consolidate debt. Continue reading the review to find out if FreedomPlus will benefit you.
The greatest thing about FreedomPlus is that they allow you to have a co-applicant to strengthen your application. If your initial credit score isn’t high enough, then you can ask for a co-borrower to help you out!
You may also be eligible for additional discounts if you use your loans towards preexisting debt, have a co-applicant, or have retirement assets.
Follow the application process on the FreedomPlus site and you can start taking out loans at your convenience. Apply today!
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FreedomPlus Information
Lender | FreedomPlus |
APR | 5.99-29.99% |
Loan Amount | $7,500 – $40,000 |
Term Length | 2 to 5 years |
Origination Fee | Up to 5% |
Prepayment Fee | None |
Late Fee | N/A |
NSF Payment Fee | N/A |
Minimum Gross Income | Stable |
Minimum Credit Score | Generally high |
Repayment Options | Monthly |
FreedomPlus Personal Loan Eligibility
To qualify for a FreedomPlus personal loan, all applicants must have:
- A valid ID
- A stable income and bank account
- Additional documented information since FreedomPlus conducts a soft pull
Pros and Cons of a FreedomPlus Personal Loan
- You don’t need to own a home to apply.
- The application is simple and easy to follow.
- Cosigners are welcomed to apply.
- Initial credit check will not affect your credit score. However when your loan is approved, it will show up on the report.
- When approved, funding takes as little as one business day.
- A personal loan from FreedomPlus can be used towards small business, debt consolidation, home improvement, medical bills and other special occasions.
- If you have excellent credit score, your APR can be as low as 5.99%.
- FreedomPlus doesn’t specify exactly how high your credit score or gross income should be.
- Every applicant has to have a phone call with a lending specialist for verification.
- Applying online takes a while.
How To Apply For a FreedomPlus Personal Loan
- Fill out a brief personal loan application on FreedomPlus’s website for the desired loan amount.
- You will have to provide personal contact information (social security number, date of birth, citizenship, etc), employment status and specify the type of loan and line of credit you are applying for.
Bottom Line
If you want to consolidate and have all your loans in one place without having to pay for many fees, then FreedomPlus may be of service to you.
You can even get a cosigner to apply with you if your credit score isn’t high enough, which is pretty generous.
Are you interested in this personal loan from this lender? Please let us know in the comment section below on your experience! If you want to search for more options on taking out the best personal loan, check out our full list of Best Personal Loans.
(Visit FreedomPlus for more details)
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