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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.
Pros
- 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}
Cons
- 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
- Adding a co-borrower. A rate reduction may be available by applying for a personal loan with a co-borrower who has sufficient income.
- Paying off debt. Using at least 85% of loan proceeds to pay off qualifying debt could help borrowers reduce rates.
- 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
Offered Loan Amount
Eligibility Criteria
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
Example of the FreedomPlus loan
How to apply for FreedomPlus
- 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 :
- Full name
- Address
- Monthly housing cost
- Date of birth
- Contact information
- Social security number
- Income information
- Monthly net income
- Loan purpose
- The loan amount
- 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 Note: MakeHelpOf 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}