Regional Finance Personal Loans review
Read this Regional Finance Personal Loans review and learn about this loan's easy and simple pre-qualification process which has no impact on your credit score.
Qualify with a simple soft credit check and get access to funds fast
If you have a minimum income of $25,000 a year and fair credit, this loan makes funds available for you in as little as 1 business day. This is our Regional Finance Personal Loans review.
Regional Finance offers secured personal loans with a very straightforward pre-qualification questionnaire.
However, unsecured loans are not available, which means in order to get the loan, you must be able to provide collateral.
- APR: 21.99% – 35.9%
- Loan Purpose: Pet care expenses, funeral expenses, bills, credit card debt, home repairs, new furniture, new appliances, emergency expenses, child expenses, vacation expenses, holiday expenses, medical expenses, wedding expenses, and more.
- Loan Amount: $2,501 – $12,000
- Credit Needed: Fair
- Terms: 24 – 60 months
- Origination Fee: Up to 10%
- Late Fee: No late fees for monthly payments of up to $10
- Early Payoff Penalty: Yes – but not specified
How do Regional Finance Personal Loans work?
Regional Finance Personal Loans come with higher than average interest rates when compared to other lenders in the market. It offers a fixed APR that ranges from 21.99% APR up to 35.9% APR.
This lender makes available loans starting at $2,501 and going up to $12,000, with terms that range from 24 to 60 months.
One of the big downsides of this loan, besides the high-interest rate, is the origination fee.
There is a 10% origination fee to process your application. This fee may vary from state to state, though.
Once you have applied for the loan, approval will only take about an hour to be processed. After being approved, you should be getting access to funds within as little as 1 business day.
One upside of taking out this loan is that your account activity is reported to credit bureaus.
This means if you habitually make on-time payments, the loan will contribute positively to your credit score.
To qualify, you only need to have fair credit. This generally means a credit score of at least 600 points.
You must also be 18 or older and have an annual income of at least $25,000.
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Regional Finance Personal Loans: should you apply for it?
Now you are familiar with this personal loan’s ins and outs. However, our Regional Finance Personal Loans review would not be complete without a comparison of its pros and cons.
Check out the list we have put together below.
- Only requires fair credit from applicants
- Fast access to funds
- It does not charge application fees
- Pre-qualify with a soft pull
- Requires collateral
- Not available for military service members
- Must visit lender branch to close the loan
What is the required credit score?
The credit score required from applicants falls within the category of Fair. This generally means a credit score of at least 600.
Learn how to apply for Regional Finance Personal Loans
If Regional Finance Personal Loans sounds like a fit to you, you might want to take the next step and apply. The link below contains a complete step-by-step guide to this loan application process.
Click on it, and we are going to show you how to do it.
About the author / Danilo Pereira
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