Rates and fees have the most direct impact on the overall cost of your loan, so we weigh those the most heavily. Term lengths and loan amounts (15% of rating)Įach category's weighting is based on its importance to your borrowing experience.The overall rating is a weighted average that takes into account seven different categories, some of which are judged more heavily than others. We rate all personal loan products in our reviews and guides on a 1-5 scale. The origination fee on Achieve loans ranges from 1.99% to 6.99%. LendingClub charges an orginiation fee between between 1% to 6% of your total loan amount. While Achieve has a clearly defined minimum credit score of 600 to apply for a loan, LendingClub Personal Loan is a little vaguer on requirements. Upstart's personal loans can have origination fees up to 8%, while the origination fee on Achieve loans ranges from 1.99% to 6.99%. For borrowers who meet their minimum credit score requirements of 600, this lender could have an advantage with a wider range of interest rates and higher loan amounts. Achieve Frequently Asked QuestionsĬompare loan options and get your rates today.īoth Achieve and Upstart Personal Loan allow borrowers with poor credit to get approved. Make sure you've added your loan payments into your budget. After you sign the document accepting your loan terms, your loan will be approved and funded within 72 hours. Confirm your loan terms and plan for repayment. You'll need to send in a formal application, which may also require additional documents, like W-2s, pay stubs, or bank statements.ģ. A shorter term length means bigger monthly payments - but you'll save more in interest. After you submit your initial information, Achieve will send you potential loan terms.

Look over your loan offerings and choose the one that makes sense. You'll need to input your name, email address, state of residence, desired loan amount and purpose, and other information.Ģ. That means you'll be able to get your rate without impacting your credit score. Check your rate. Achieve allows borrowers to prequalify for its loans by applying through its website. You aren't able to get a loan in Colorado, Connecticut, Hawaii, Kansas, Maine, North Dakota, Vermont, West Virginia, Wisconsin, and Wyoming.ġ. If you make a payment behind schedule, you'll pay a late fee of $15 or 5%, whichever is greater. The smallest amount you can take out from Achieve is $5,000, which is not practical for borrowers who only need a small amount of cash. You should get your money within 72 hours after Achieve approves your application. These rate discounts vary based on your financial situation and the lender will disclose them to you during the application process. If you're looking to get a better rate or increase your chances of loan approval, enlisting a co-borrower is often a great way to do so.

This is more than some other personal loan lenders. For borrowers who want to fund an expensive project, like a home improvement or major repair, Achieve allows you to take out as much as $50,000. Achieve Personal Loans Pros and Cons Achieve Pros

Achieve has a minimum credit score of 620. The lender does have fees - you'll fork over an origination fee between 1.99% to 6.99% and a late fee of $15 or 5%, whichever is greater. You'll get your money within one to three business days. The company's APR ranges from 7.99% to 29.99% APR. Its loan range is between $5,000 to $50,000. Achieve DetailsĪchieve, formerly known as FreedomPlus, isn't available in all states - you aren't able to get a loan in Colorado, Connecticut, Hawaii, Kansas, Maine, North Dakota, Vermont, West Virginia, Wisconsin, and Wyoming. Additionally, you may be able to avoid origination fees, which add to the overall cost of your loan, with another lender. However, borrowers who want a smaller loan amount will have to go elsewhere, as you must borrow a minimum of $5,000 with Achieve. The lender is also particularly attractive to those who may want to apply with a co-borrower to get a better rate, as some companies don't allow co-borrowers. FreedomPlus is best for borrowers who want to take out a moderate to sizeable amount of money, as the lender has high minimum loan amounts, but also a high maximum.

Freedom plus loan login