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FreedomPlus: Personal Loan Review

Updated: August 3, 2022

The basics

Estimated APR

7.99% - 29.99%

Min. Credit Score

620+

Max. DTI Debt to Income Ratio

45%

Origination Fees

1.99% - 4.99%

Late Penalties

$0

Prepayment Fees

$0

Good for: Longest possible loan term

Our verdict

FreedomPlus provides same-day loan decisions and fast funding within 72 hours for individual applicants as well as those with cosigners or co-borrowers. FreedomPlus also charges an origination fee.

Get Offer

on the lender’s site

Beyond the basics

Same-day loan decisions

Personalized service

Fixed payments

No prepayment penalty

Loan Amounts

$7,500 to $50,000

Loan Terms

24-60 months

Time to Funding

24 to 72 hours

Full review

Lender description FreedomPlus offers custom loans from a personal loan consultant with same-day approvals and funding within 72 hours.

Best used for

  • Debt consolidation
  • Home improvement
  • Large purchases
  • Medical expenses
  • Weddings
  • Vacation
  • Moving expenses
  • Car repairs

Pros & cons

  • One-on-one assistance from loan consultants available
  • Allows cosigners or co-borrowers
  • Same-day loan decisions and funds available within 72 hours
  • No prepayment penalty on loans repaid early
  • Charges origination fees
  • High minimum loan amount
  • Not available in 11 states

Most suitable for

  • Consumers looking for fast funding
  • Consumers who need a cosigner or co-borrower

How to qualify You need a valid ID as well as a verifiable income and bank account.

How to apply Apply online or call 800-368-0061. Borrowers are assigned a loan consultant who will guide them through the application process.

Footprint FreedomPlus loans aren't available in all 50 states, and the minimum loan amounts are different for several states. Loans are not available in Colorado, Connecticut, Hawaii, Kansas, New Hampshire, North Dakota, Oregon, Vermont, West Virginia, Wisconsin, and Wyoming. Call customer service for additional details on availability.

Loan example A four-year, $20,000 loan with an interest rate of 15.49% and corresponding APR of 18.34% would have an estimated monthly payment of $561.60 and a total cost payable of $7,948.13.