FreedomPlus Personal loan review 2022 | Get $7,500 to 40,000 Personal Loan

Editorial Note:  MakeHelpOf does not receive any commission from any website or third-party advertisers. It’s accurate to the best of our knowledge when it’s posted. {alertInfo}

{tocify} $title={Table of Contents}

FreedomPlus Overview

FreedomPlus offers a personal loan from $7,500 to 40,000 with an APR of 7.99 – 29.99% to the people who have a good or fair credit score. These types of loans usually work well for consolidating a large amount of unsecured or credit card debt. FreedomPlus personal loan comes with many discounts offers to get discounts on the interest rates. ( listed below) Read the full review to get detailed information about the FreedomPlus Personal loan.


  • Loan amount starting from $7,500 – $40,000
  • Qualify with fair Credit score of 620
  • Soft Credit Check is available
  • At FreedomPlus you’ll get chance to add co-borrower to get discount in interest rates..{alertSuccess}

  • FreedomPlus may Charge a originaiton fees from 1.99% to 4.99%.
  • The smallest loan amount is $7,500.
  • The borrower could pay a late fee of either $15 or 5% of the past-due amount, whichever is greater. {alertError}


Used as Credit Debt Consolidation Loan

FreedomPlus offers personal loans for many purposes such as debt consolidation, home improvements, and big purchases. These types of loans are for consolidating a large amount of credit card or other unsecured debt. So therefore if you are looking for credit card debt consolidation loans then FreedomPlus might be the option for you.

Annual Interest Rate and Fees

The Interest rate for FreedomPlus personal loans is 7.99 – 29.99%. The interest rate depends on your credit score. If your credit score is fair or good in between 620 then it might be possible that you would get a 7.99% interest rate. There is no prepayment penalty. 

Also, there are other offers by which you can get a discount on your interest rate. These offers are listed below 

  1. Adding a co-borrower. A rate reduction may be available by applying for a personal loan with a co-borrower who has sufficient income.
  2. Paying off debt. Using at least 85% of loan proceeds to pay off qualifying debt could help borrowers reduce rates.
  3. Having retirement savings. Applicants could qualify for the lowest available rate with proof of at least $40,000 in retirement funds.

Minimum Credit Score Required

The minimum credit score you required for freedom plus personal loans is approx. 600- 620 Credit score. With this credit, score you’ll be able to qualify for the loan. 

Offered Loan Amount

The Offered loan amount by FreedomPlus is $7,500 – $40,000.

Eligibility Criteria 

There are some basic requirements you should fulfill before taking a bad credit loan. Here is the list :
  1. You should be at least 18 years old
  2. You must a valid ID Proof or social Security number
  3. You must be a United States citizen or a permanent resident
  4. You must have a valid active US bank checking account
  5. You have to provide a valid email address and a phone number

Required Documents

  • Valid Identity Proof.
  • Have to provide a DOB.
  • Valid current mobile number and Email id.
  • An active American bank account.
  • A social security number

Repayments Terms

The repayment period of event personal loans is from 24 to 60 months which is two years to five years

Example of the FreedomPlus loan

If you take a three-year, $13,000 loan with a 20.5% APR then it would cost you $486 in monthly payments. You would pay $4,512 in total interest on that $13,000 Personal loan.

How to apply for FreedomPlus

This is not an affiliate link, we don’t get any compensation from this website
  • If you have decided to apply for FreedomPlus personal loans then just go to their website and choose the amount you want as a personal loan. 
  • After that, you have to fill out the application form for FreedomPlus Personal Loan. 
  • Since FreedomPlus offers the online application form and then you’ll receive a call from the FreedomPlus loan consultant to proceed further with the process. 
  • You just need to give some information like :
  1. Full name 
  2. Address 
  3. Monthly housing cost 
  4. Date of birth 
  5. Contact information 
  6. Social security number 
  7. Income information 
  8. Monthly net income 
  9. Loan purpose 
  10. The loan amount 
  11. And your credit range.

Who is this loan good for

  • Borrowers who want a personal loan of at least $7,500
  • Co-borrowers who can take benefit of lenders and others’ rate discounts.
  • People who need a loan to consolidate debt. 

Editorial NoteMakeHelpOf does not receive any commission from any website or third-party advertisers. This is just a review article based on consumers’ experiences from the internet. It’s accurate to the best of our knowledge when it’s posted. Please read all the information carefully before you make any decision. {alertInfo}