FreedomPlus Personal Loans

FreedomPlus Personal Loans

FreedomPlus Personal Loans

FreedomPlus personal loans are basically unsecured personal loans where you have a fixed payment amount. They are similar to many other personal loan options.

You can really use them for almost anything such as a major purchase, home improvement or even to pay for medical expenses. One of the key reasons is to consolidate debt into a lower interest loan. There is a actually a discount provided if you use fifty percent of the loan to pay off your existing debt. This is actually a very smart way to give people an incentive to utilize the personal loan to actually pay off their debt.

How Do I Qualify?

The main things to qualify for one of their loans is to have a debt to income ratio of less than 40%. This just means that if you add up all of your debt it should not be more than .40 of your total income.

You will also want to have a credit score of at least a 640. These loans are really for people with good to excellent credit. Your income should also be more than $30K. If you have all of these factors you could consider applying for one of their loans. If you don’t meet the requirements you may want to see if you could get a cosigner with good credit.

Are Their Personal Loans in Every State?

Right now it appears they are in specific states and not everywhere yet as of the time of this post.

They do not currently issue personal loans in the following states:

New Hampshire
New York
North Dakota
Rhode Island
West Virginia

Abbreviated CO, CT, HI, KS, ME, NH, NY, ND, OR, RI, VT, WI, WV or WY.

What Are The Loan Amounts I Can Get?

Loan amounts‎: ‎$10,000 – $35,000

Terms: 24 to 60 months

It is generally up to $35,000 on the maximum loan amount. The minimum loan amount is $10,000.

There are also no prepayment penalties on these personal loans if you pay them off early. Loan origination fees can be up to five percent of the loan. The APR or annual percentage rate given includes all origination fees. This typically runs in a range from 4.99% – 29.99.

If I do qualify how do I apply?

You can go to their site at FreedomPlus.comto get fixed-rate loans with personalized rates and terms.

Are There Online Alternatives if I Do Not Qualify?

There are some good online alternatives and options you can review.

One of the alternatives if you need a smaller loan than $10,000 or you need a loan in your state is to apply with a lending network. You just fill out one simple online form and you will be matched to their lenders who will evaluate your information. For this option you can visit to fill out the easy online form.

Another effective option is to use a Peer-to-peer lender. These are funded by individual investors and have become very popular. The entire process is done online. You will fill out an easy form and then get a proposed rate quote and the terms of your loan. You can apply for loans up to $40,000. Once your loan is funded it will be direct deposited into your account that you provided. You can apply for a peer-to-peer personal loan by visiting

If you have less than good credit and need a smaller loan amount you can visit – Get up to $4,000 tomorrow!