FreedomPlus Review

Is this the loan company for you?

Star Icon Star Icon Star Icon Star Icon Star Icon


  • Loans approve and fund quickly
  • Co-applicant loans available


  • High minimum loan amount
  • Paying with a check may have a fee

What You Need to Know

FreedomPlus loans are online loans. They work to have same day approval for your loan. Once your loan is approved, the money will transfer into your bank account within 48-hours. The approval timeframe may vary depending on your qualifications and approval.

FreedomPlus offers co-applicant personal loans. If you do not think you will qualify for a loan on your own, you can apply with a co-applicant. If FreedomPlus denies your loan, you must wait 30 days before you apply again with a co-applicant.

The minimum loan amount for FreedomPlus loans is high. The smallest loan available is $7,500. You cannot apply for a loan any less than that amount. The maximum loan amount for FreedomPlus loans is $40,000 if you qualify.

There are options for how to make your FreedomPlus loan payments. You can pay online, over the phone, or set up automatic withdrawals. You can mail in a check, but there may be a $15 check processing fee. Talk to customer service to ensure you are not paying payment fees.

Qualifications to Apply for FreedomPlus Loans

Useful Information About FreedomPlus Loans

History and Achievements

FreedomPlus started in 2014. It is an online lending division of Freedom Financial Network. Headquarters for Freedom Financial Network is in San Mateo, California. FreedomPlus is not a peer-to-peer lending company. They allow accredited investors to invest in their loans.

FreedomPlus offers personal loans. Customers can use these loans for weddings, moving expenses, or home improvements. Other options include debt consolidation, medical expenses, or travel. The loans range from $7,500 to $40,000. The term lengths range from two to five years.

Frequently Asked Questions

Can I apply for a loan entirely online?

Yes. FreedomPlus loans are online loans.

What is the lowest my credit score can be?

To apply for a FreedomPlus loan, you must have a credit score higher than 620.

What is the smallest loan amount available?

The minimum loan amount is $7,500.

What is the largest loan amount available?

The maximum FreedomPlus loan is $40,000.

What are the loan term lengths?

FreedomPlus loans range from two to five years in length.

Are the interest rates competitive?

Yes. FreedomPlus interest rates are competitive with other online loans. The interest rate you receive for your loan depends on your qualifications.

Are the interest rates fixed?

Yes. FreedomPlus loans offer fixed interest rates.

What types of loans are available?

FreedomPlus offers personal loans. You can use the money for a wedding, travel, or home improvements. Other options also include debt consolidation, major purchases, and business expenses.

What information do I need to apply for a loan?

FreedomPlus requires a valid ID, bank account information, and SSN. You must provide credit history and proof of income. FreedomPlus may request other information, depending on your qualifications.

How long does approval take?

FreedomPlus approves your loan, and if approved, transfers your money within 48 hours. Approval may take longer if other information is necessary.

How long will it take the money to enter my account after approval?

After loan approval, FreedomPlus transfers the money into your account within 48 hours.

If I have been denied a loan before, how long do I have to wait to apply again?

If FreedomPlus denies your loan, you must wait longer than 30 days to reapply.

What are the payment options to repay my loan?

You can make payments online, over the phone, or with automatic withdrawals. You can mail a check, but there may be a $15 processing fee.

Can I pay my loan off early?

Yes. There are no fees for paying your loan off early.

Is my information secure?

FreedomPlus offers security measures that comply with federal laws. Their buildings, computers, and files are secure. FreedomPlus limits the access employees have to customer information.

Does this loan company offer a mobile app?

FreedomPlus does not list an app on the website.

How do I contact customer service?

Contact a FreedomPlus representative over the phone or through email. Customer service hours are Monday through Friday, from 6 a.m. to 7 p.m. PST. Saturday and Sunday hours are 7 a.m. to 3 p.m. PST. You can follow FreedomPlus on Facebook and Twitter.

Bank Contact Information

P.O. Box 2340
Phoenix, AZ 85002-2340