error This company may not service all states.

Since its founding in 2014, FreedomPlus has aimed to create a unique and valuable personal loan experience for its customers. The lending company consistently does this by providing quality, unsecured loans that meet individual needs through its sophisticated yet simple application and vetting process. FreedomPlus also provides professional advice through knowledgeable loan consultants and experts.

Jump down to FreedomPlus reviews to see what consumers have to say about this lender.

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Key Takeaways:

  • Over 3/4ths of all the FreedomPlus reviews are five-star
  • A FreedomPlus personal loan extends up to $40,000
  • No pre-payment fees and flexible loan terms ranging from 2-5 years
  • One of the lowest credit score requirements in comparison to other personal loan companies
  • Unique services to help with credit card debt consolidation
  • Charges an origination fee between 0-4.99%
  • APR rate range from 7.99%–29.99% (As of June 2020)

The Good

  • Simple Loan Application Process
  • Same-Day Lending Decisions
  • Low Minimum Credit Score Requirement
  • Flexible Loan Terms
  • Fixed-Rate Loan and Payments
  • Debt Consolidation Loans
  • No Prepayment Fees
  • Quality Customer Service
  • FreedomPlus Reviews

Simple Loan Application Process

FreedomPlus's intuitive initial online application takes a few minutes at most. Simply select the loan amount you are looking to borrow, describe the reason for taking out the loan (home repairs, credit card refinancing, consolidation loans, etc.), submit your credit rating (based on your credit score), what state you live in, then your name and phone number or email address.

From there, a loan consultant will get in touch with you to complete the transaction. FreedomPlus has extremely fast approval and funding times. It can usually approve your loan and get the money in your bank account in as little as three days. Your loan repayment term can range from 24 months to 60 months, with rates from 7.99 percent to 29.99 percent APR.

Same-Day Lending Decisions

FreedomPlus offers same-day loan decisions. However, this isn't guaranteed and will fluctuate based on your provided documentation, application verification, time of application submission, etc. With error free applications you can expect the FreedomPlus loan process to be completed in as little as one day with funds made available within 48 hours. The process involves:

  • Filling out the online application
  • Deciding on your loan amount and loan term
  • Waiting for a credit decision to be made
  • Uploading legal documentation and reviewing the loan contract
  • Receiving your personal loan funds

Having a quick loan decision from online lenders makes it faster and simpler for borrowers to find a personal loan that works best for them.

Low Minimum Credit Score Requirement

If your credit history is less than perfect, FreedomPlus might be a good match. Unlike many competing lenders, FreedomPlus has a low minimum credit score requirement of 620. Considered to be bad credit or fair credit, a 620 FICO score is below average for American consumers.

When it comes to personal loans, a higher credit score means that you can receive better rates and repayment terms, but a lower credit score requirement allows for a wider range of borrowers. Minimum credit score requirements of competing personal loan providers are generally higher:

  • Best Egg minimum credit: 640
  • SoFi minimum credit: 680
  • Lending Club minimum credit: 699
  • Discover minimum credit: 750

Flexible Loan Terms

FreedomPlus has flexible loan terms ranging from two to five years. A borrower can pay off loans earlier than the loan due date, so your loan repayment period can ultimately be as brief as you'd like. This could save you a great deal of money in interest fees if you decide to repay the loan before your official payoff date.

Fixed-Rate Loan and Payments

FreedomPlus has fixed rates, so your APR will never be subject to change, as it can with a variable rate. This can provide peace of mind and stability to borrowers because they will know in the beginning that their rates and payments will be the same throughout the lifespan of their loan.

FreedomPlus also offers loans with an annual percentage rate from 7.99 percent to 29.99 percent APR, including the loan origination fee. On top of that, it uses fixed monthly payments, so your monthly payment amount will never fluctuate.

Debt Consolidation Loans

If you are seeking personal loans for debt relief, it is important to know that FreedomPlus helps with debt consolidation and debt settlement by working with creditors on your behalf.

For example, if you are seeking a personal loan to help tackle credit card debt, FreedomPlus will exclude said credit card debt from your debt-to-income ratio and pay off the credit card once you are approved. This service can help you qualify for more money and simplify bill payments.

You could even qualify for rate discounts if you apply with a cosigner, have retirement assets, or let FreedomPlus pay your creditors on your behalf.

No Prepayment Fees

FreedomPlus does not charge a prepayment penalty fee. This means you can pay off your loan earlier, regardless of your loan term.
However, although FreedomPlus has no prepayment fees, it does charge a loan origination fee, as well as a $15 late fee for any late payments made.

Quality Customer Service

FreedomPlus provides quality customer service to its borrowers primarily through its loan consultants to help you make the best financial decisions while balancing your financial needs.

When you start your application, the company offers a simple and easy-to-use form to start your loan process online, and allows you to call and speak with loan consultants and experts with any questions. User reviews indicate these interactions are extremely valuable for potential customers, and are generally positive experiences.

Customer service also handles complaints and there is little to no wait time.

FreedomPlus Reviews

FreedomPlus has an exceptional star rating from consumers. Quality reviews demonstrate that FreedomPlus is a trustworthy and high-standard lender.
Reviews highlight reasonable rates and fees, simple repayment options, and exceptional customer service. This can provide peace of mind to potential borrowers that FreedomPlus is a good choice for their personal loan needs.

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The Bad

  • Origination Fees
  • Maximum Personal Loan Amount

Origination Fees

FreedomPlus charges an origination fee between 1 percent and 4.99 percent on its personal loans. While a fee like this isn't necessarily large for the industry, some industry leaders omit such processing fees from their loan applications altogether, but they are still quite common.

It is unclear how FreedomPlus calculates its origination fees. On its website it states that, "origination fees are calculated on the final loan size and vary based on the interest rate and term selected." Make sure to talk with a representative at FreedomPlus so that you have a better idea of what this fee may look like for you.

Maximum Personal Loan Amount

FreedomPlus has a max personal loan amount of $40,000 with a minimum loan amount of $7,500. This maximum amount is the average for the industry, but there are some lenders that offer much larger maximum amounts, up to $100,000. Thus, a FreedomPlus personal loan may not be the best choice for you if you need a larger sum of money than $40,000 to meet your needs.

The Bottom Line

The most important factor to consider when choosing between potential personal loan companies is whether their loan parameters meet your borrowing needs. In other words, does the length of the loan, interest rate, monthly installment payment, and borrowing amount match what you need in a loan?

FreedomPlus personal loans are unsecured, requiring no collateral, and accept FICO scores starting at 620, lower than many other companies in the industry, presenting a good option for those who may not have excellent credit. However, you will be more likely to receive a lower interest rate the higher your credit score. Loan amounts range from $7,500-$40,000 with competitive interest rates, and loan terms ranging from two to five years, allowing the borrower to tailor their repayment plan to their specific needs. It is important to note that FreedomPlus does charge a loan origination fee, as well as a late fee, but there are no prepayment fees, allowing you to pay off your loan faster if preferred.

If you're looking for a debt consolidation loan, FreedomPlus is a great option. It will send borrowed money directly to your creditor, which puts a large percentage of your loan toward direct payment to those creditors, helping you pay down your existing debt quickly and successfully.

Having a large number of positive reviews, FreedomPlus complaints are limited and customers highlight exceptional customer service, a painless loan process, and great loan rates.

FreedomPlus is a great personal loan option. Whether you're wanting to consolidate debt, cover home repairs, or fund other expenses, FreedomPlus is a quality lender.

*All loans available through are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, and credit usage and history. Eligibility for a loan is not guaranteed. Loans are not available to residents of all states – please call a FreedomPlus representative for further details. The following limitations, in addition to others, shall apply: FreedomPlus does not arrange loans in: (i) Arizona under $10,500; (ii) Massachusetts under $6,500, (iii) Ohio under $5,500, and (iv) Georgia under $3,500. Repayment periods range from 24 to 60 months. The range of APRs on loans made available through FreedomPlus is 5.99% to a maximum of 29.99%. APR. The APR calculation includes all applicable fees, including the loan origination fee. For Example, a four year $20,000 loan with an interest rate of 15.49% and corresponding APR of 18.34% would have an estimated monthly payment of $561.60 and a total cost payable of $7,948.13. To qualify for a 5.99% APR loan, a borrower will need excellent credit on a loan for an amount less than $14,000.00, and with a term equal to 24 months. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to directly pay off qualifying existing debt; or showing proof of sufficient retirement savings, could help you qualify.

User Reviews

Star Rating


2,103 Reviews

Review Breakdown

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Sentiment Criteria

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Quality of product or service
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Cecil Frazier

June 14th, 2017 Sandersville, GA

The Loan process was very pleasant and smooth. Customer service excellent.


Derek Jernigan

June 14th, 2017 Glen Allen, VA

Troy was very professional and extremely helpful. Process was easy, efficient and quick. I was able to get the rate I wanted to pay off high interest loans. I couldn't have asked for a better experience. Highly recommend!


Michelle Brovitz

June 8th, 2017 Clemmons, NC

Customer service is fantastic but there were a few details that arose that were unexpected/unanticipated. This is still a great company to do business with, from my experience.



June 7th, 2017 Columbia, MD

Brittany was fantastic. Very professional and prompt service. Rates are very competitive.



June 7th, 2017 Danielsville, PA

I was nervous about this, but they explained everything and made me feel good in what I was doing. They explained things well, understood my situation and put me at ease and were easy to work with.


Richard Hankla

June 7th, 2017

I can't express how reassuring it is to speak to someone like Heather that speaks english, knows about the product she is selling. In addition lives in the U.S. and not some other country, people like Heather will help your company grow. Everything about this loan was made very clear through Heather, she is a ALL-STAR EMPLOYEE!!



June 5th, 2017

No pressure. Professional and prompt. Rates are very competitive.


Maryann Peischl

June 5th, 2017 Memphis, TN

I just called in for help setting up my login credentials and the agent was excellent - very personable and helpful!


Karen B Sethman

June 4th, 2017 Mentor, OH

Sales representative was very good explaining the process and what would work for me.


Helen Faircloth

June 3rd, 2017

Jake R was very patient, considerate, and most of all...informative. He is most definately one of FreedomPlus' assets !!


Bruce Cramer

June 2nd, 2017 Palm Harbor, FL

For the first time in a long time we have found someone with a real English speaking, nice, friendly, and very great person! You guys are alright!


Anthony J Route Jr

June 1st, 2017

My experience with Freedom Plus had been excellent. The representatives were always professional, and handle my account expertly. I would recommend Freedom Plus to all my family and friends.


Virginia A Rudolphi

June 1st, 2017 Jamestown, PA

Great plan and liked the service, provided my needs to do what I needed to finish up in Real Estate. The market



May 31st, 2017 Hollywood, FL

I have a great experience because Chloe B walk me through all the necessary details needed for a fast approval of my loan. Being my first time to have a personal loan, Chloe guided me with this journey. Kudos Chloe! For being efficient and professional and also you are an excellent asset of your company. God bless you always.



May 31st, 2017 Tampa, FL

This company never resolves the problem they created and each time I call them, it only makes it worse. I asked to change my payment date a couple of months back and they have pulled payments at various random times putting me in an overdraft situation on multiple occasions. I have made numerous calls and sent emails but they still haven't made any attempt to get it right. They also don't reply to any emails or call back when promised. I strongly caution anyone considering Freedomplus. It has cost me far more than the term of my loan - money, time and frustration.


Cindy Druien

May 31st, 2017

Loved, Loved, Loved working with Brittney M. She was incredibly helpful in assisting me to obtain my consolidation loan!! 5 Stars for her service. Thank you so much!! It was such a positive experience. Loan rates are super!


Madeline Palmer

May 27th, 2017

Quick, easy process for our loan. Great customer service.M


Horace Flowers

May 25th, 2017

Loretta R. was very professional and helpful to us, and made our decision to go with Freedom Plus very easy.


Barbara Mson

May 23rd, 2017

I have 2 bills with you: one under Consolidated Plus ($951 per month) and the other with Freedom Plus ($314.42 per month). I can only get my balance owed under Consolidated but nothing for Freedom Plus. Why can't I get both under one sight.


Brian Baker

May 23rd, 2017 Green River, WY

Nick R was prompt and very helpful throughout the process in its entirety.



May 22nd, 2017 Brooklyn, NY

Ron R was great offered several options



May 19th, 2017 FL

Very professional loan officer, efficient process, very competitive rates. Transparent contract with no surprise. Outstanding customer service


stephen padovano

May 19th, 2017

easy process, customer service rep was pleasant & knowlegable to deal with !



May 17th, 2017 Floral Park, NY

Very professional loan officer, efficient process, very competitive rates. Transparent contract with no surprise.



May 16th, 2017

Every one was helpful and friendly to work with


Denise Rowe

May 16th, 2017

FreedomPlus' customer service team is excellent, answering all questions, attending inquiries promptly, and providing quick response. They promised my answer same day and they kept that promise. I was able to sign docs and complete the process much faster than any of my previous loan company transactions.


James Grady

May 11th, 2017

The application process was simple as stated in the review. I would like to have seen more information on the website though. After I applied online I was contacted quickly by a representative. I uploaded a few forms via a secure link and made arrangements to speak on the phone the next day. The company was prepared to do more that same day but I was busy and needed the extra time. The rest of the process was straight forward. The phone calls were on time and efficient. After a review of my credit report the representative went over the repayment options and I chose the one that best suited me. I was a bit worried that it might turn into some sort of high pressure experience but that didn't happen. The interest rates were clearly presented to me over the phone and I took a couple of hours to think and choose before committing to one. It was a good experience all together.


Vance Thong

May 10th, 2017 Elk Grove Village, IL

Anyone looking to consolidate high interest credit card loans should look into this company. They are very easy to work with and the process is very efficient.



May 10th, 2017 Slidell, LA

I wish the website gave more information, but it was very easy to get started. All the paperwork took just over 24 hours and now I'm waiting for my credit cards to be paid off. I do like that there is a deduction of the interest rate if you're using the loan to pay off debt and if you have money saved for retirement. I'm hopeful that once I start making payments online that the website is easy to navigate. Customer service was definitely top notch! My advisor, Liz, was very informative and helpful. I'm very glad to have the huge burden of credit card debt taken off my shoulders!



May 9th, 2017 Stafford, TX

Kelly G did an awesome job to update me on getting the loan approved and processed in less than 24 hours. He stayed in touch with me throughout the process and delivered everything that he promised. Awesome Job Kelly.


Holly Leeds

May 9th, 2017

Awesome customer service and fast and friendly


Paul C.

May 8th, 2017

Ryan was very professional and friendly. Very reassuring that my payment will be made on time. In the end, I was left feeling good about our conversation.


David K Stark Jr

May 8th, 2017 Bloomington, IL

My first time signing in for a long time after intial application. Attempting to view statement. Attempting to create new password. This shouldn't take a phone call and waiting on hold! Why not a text or email verification! This is wasting time.


Robert Mclean

May 8th, 2017 Denton, NC

customer service is lousy,the only way they will contact you if you have a issue,is to leave a e-mail,about how bad their customer service is, i will finish my loan agreement with them,but never deal with them again,check around their are other companies who do care about their clients


Charlie Shaikov

May 7th, 2017 Columbus, OH

Kimberlee A did wonderful work. Very professional and very helpful.


Patty n David Taylor

May 7th, 2017

Was very knowledgeable, helpful and got things done... Had approval in one day and funded within Three days... Thanks for all your help... Great rates and simple Loan papers....


Robin Hawn

May 6th, 2017

Debbie was so helpful and knew her stuff. Don't ever get rid of her. She is an asset to your company



May 5th, 2017

My experience with Freedom Plus was superb. The loan application process was quick and simple. My loan officer Charles S was absolutely great and he walk me through the whole process. He was very accommodating. I was very nervous like the previous reviewer doing this online for the first time but everything went through smoothly. I am now waiting for my loan to be funded. I would have given a 10 but the interest rate could have been somewhat less since they charged the origination fee. Still I am grateful for them accepting my application and giving me the loan.


Korin Register

May 3rd, 2017

Excellent experience with Freedom Plus. The application process is simple and quick and my loan officer was extremely helpful, responsive and really got me a loan that fits my budget and needs. I highly recommend Freedom Plus! Amanda is the best!


Wes Caton

May 2nd, 2017 Edinburg, VA

I am pleased to have had Mr. Ken W walk me through the loan process. I would highly recommend his expertise for all of your financial needs. Out of one to five Stars, I would award Mr. Ken W FIVE PLUS STARS !!!


Lewis Hunter

May 1st, 2017 Kittanning, PA

Freedomplus helped me in my financial situation. I would definitely use them again. John was very professional and answered all my questions totally. Thanks, Lew


feyaia vanpri

April 29th, 2017 College Station, TX

Same story as with all bill consolidation loan services. Once they have you, they don't want to hear from you again. That's a shame and should not be tolerated. These people are making a fortune off the American consumer. Think hard before taking out a loan from these companies. Look into other options before you commit to years of payments.


a evans

April 26th, 2017

Both employees that I talked with today were very helpful, pleasant and answered my questions and helped me.


John Akers

April 25th, 2017 Carthage, NC

Been 12 days and customer support has not responded to my double payment issue. Is the email box even monitored?


Peter Schlosser

April 24th, 2017 Goodlettsville, TN

Dajuan had excellent communication and was attentive to my concerns. My credit is excellent and I've done this before, so that helped with the fluidity of the transaction.


Van Phillips

April 21st, 2017

Outstanding professionalism from Daquan and Carolyn.


Eric Harrison

April 20th, 2017 Winter Garden, FL

I was just informed by a customer service rep, that "There is a $15 processing fee for all payments made from your bank. We unfortunately do not participate in bill-pay." I think it's absurd that you are going to charge me to give you money. I realize that I can go online to make an extra payment, but the beauty of bill-pay is that I can set up a reoccurring payment and not have to worry about logging into your website every time and entering in all the information every time. I'm shocked that it's the year 2017 and Freedom Plus "unfortunately doesn't participate in bill-pay" .....seriously.....



April 20th, 2017 Atlanta, GA

I was amazed at the speed and quality of the customer service. Doris M was very friendly, helpful, knowledgeable and thorough. She found the best plan for me and the loan was processed in under two hours. I will definitely highly recommend this company to all. Thanks for a pleasant experience!



April 20th, 2017

The fastest loan application, within three hours loan documents were completed. Funds was deposited to our account within 72 hours. Steven Doerge was very helpful and very nice. He made it possible and on time for our financial needs as promised. Your company is highly recommended to friends and family. We appreciate your great service!


Corinnec Levesque

April 20th, 2017

A good experience first time doing a loan on line so was nervous. The man working with me was extremely friendly and helpful.