Splash Financial Personal Loans Reviews
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About Splash Financial Personal Loans
Splash Financial is an online lending marketplace. It connects you to personal loan lenders and options for refinancing student loans. It works with borrowers nationwide and provides several rate offers for comparison. Personal loans are available for up to $100,000 for household, personal or family use. There are no early prepayment penalties, and funds are deposited in as little as one business day after approval.
- Long repayment terms
- Available nationwide
- Fast funding
- 660 minimum credit score for most loans
- High maximum APR
- Potentially high origination fees
What are Splash Financial personal loans?
Splash Financial offers multiple types of personal loans through a network of lenders specializing in student loan refinancing, in-school student loans, medical school loan refinancing and personal loans used for a variety of purposes. Checking your rate with Splash Financial doesn’t impact your credit score, and you can see rates in as little as three minutes online.
Personal loans are typically available from $1,000 to $50,000, but some borrowers may be able to qualify for as much as $100,000. Once your application is approved, you can receive funding in as little as one business day. Personal loans are one lump sum of cash with the same monthly repayment amount. Common reasons for taking out personal loans include debt consolidation, home renovations and financing major purchases.
How do Splash Financial personal loans work?
Splash Financial uses an automated underwriting process, connecting borrowers to loan offers with nationwide lenders, including smaller banks and credit unions.
To apply for a Splash Financial loan, you fill out an online application to check your rate. After providing information like personal contact info, loan amount and monthly income, you receive rate offers from various lenders to compare. After you’ve found terms you like, you apply with that specific lender. The initial rate check only requires a soft credit pull, but when you officially accept the loan, your lender will perform a hard pull.
Once your loan is approved, you can receive funds in as little as one business day as a lump sum of cash deposited into a bank account. Loans come in terms of two to seven years, and lenders may charge an origination fee of 0% to 12%.
Splash Financial personal loan rates
Personal loan rates with Splash Financial vary and may include a 0.25% autopay discount. The company partners with a large network of lenders for personal loans and loan refinancing. Below are the current listed rates (at the time of publishing):
| Loan Type | Rates |
|---|---|
| Personal loans | 8.99% to 35.99% |
| Student loan refinancing | 3.89% to 10.24% (fixed), 4.85% to 10.24% (variable) |
| Medical student loan refinancing | 6.14% to 9.84% (fixed), 6.14% to 9.84% (variable) |
| In-school student loans | 3.47% to 16.49% (fixed), 4.99% to 16.85% (variable) |
There are several factors that affect your interest rate. These include:
- Employment history
- Credit score
- Economic conditions
- Repayment term
Splash Financial personal loan FAQ
How long does it take to get a Splash Financial personal loan?
Personal loan rates are offered in as little as three minutes. Once your final application is approved, you can receive funding in as little as one business day.
What is the maximum loan amount for Splash Financial personal loans?
Splash Financial offers loan amounts up to $100,000 for personal loans. Loans start at $1,000.
Does Splash Financial do a hard credit pull for personal loans?
Checking initial rates and receiving a lender rate offer doesn’t initially impact your credit score. Once you’ve applied with a specific lender, your credit will be pulled and your score could be impacted.
Can I pay off a Splash Financial personal loan early?
Yes, there are no fees or penalties for paying off a personal loan early.
Are Splash Financial personal loans legit?
If you’re looking for a personal loan or to refinance student loans, Splash Financial may be beneficial. Because it works with a large network of nationwide lenders, Splash Financial increases your chance of finding a low interest rate. The loan application process is all online, which speeds up the process of getting offers. Splash Financial is best for those looking for loans between $1,000 and $100,000.
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Splash Financial Personal Loans Company Information
- Company Name:
- Splash Financial Personal Loans
- Website:
- www.splashfinancial.com
