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 if 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. The company's APR ranges from 7.99% to 29.99% APR.Īchieve personal loans offer fast funding and you'll get your money within one to three business days. Its loan range is between $5,000 to $50,000. See our picks for the best debt consolidation loans » Achieve Personal Loan 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.
Who Are Achieve Personal Loans Best For?Īchieve 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. The best personal loan for you depends on your credit score, which will determine what you qualify for and can lower your rate. But the minimum loan amount of $5,000 may be too high of a floor for some. Borrowers can take out as much as $50,000 if they need to for a large expense. The bottom line: Achieve (formerly known as FreedomPlus) is a solid choice for people with good credit scores who want a competitive APR on their personal loan. You aren't able to get a loan in Colorado, Connecticut, Hawaii, Kansas, Maine, North Dakota, Vermont, West Virginia, Wisconsin, and Wyoming.Rate discounts disclosed during the application process.Repayment periods range from 24 to 60 months.You'll receive your money within one to three business days.
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