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Reach Financial Personal Loans

Reach Financial Personal Loan

Costs

Setup fee ranges from 0% to 5%, $15 late fee

Reach Financial Reach Financial Personal loan

Reach Financial Personal Loan

Costs

Setup fee ranges from 0% to 5%, $15 late fee

On the Reach Financial website

Costs

Setup fee ranges from 0% to 5%, $15 late fee

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Advantages and Disadvantages of Reach Financial Personal Loans

Compare personal loan rates

Reach Financial is best for borrowers with great credit who want to consolidate their debt at a low rate. Reach Financial offers attractive minimum rates that may be difficult to find elsewhere. Also, many lenders don’t deal specifically with debt consolidation, so Reach Financial may be able to better help you with the process.

Borrowers who want to take out a loan for a different purpose won’t be able to use this lender, and residents of 10 states aren’t eligible either.

Reach Financial Personal Loan Comparison

How Reach Financial Compares

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Editor’s note

2.75/5
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Regular APR

5.99% to 35.99%

Editor’s note

3.5/5
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Regular APR

7.99% – 24.99% APR

Editor’s note

4.25/5
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Regular APR

7.99% – 23.43% (with all discounts)

Reach Financial has no minimum credit score requirement. Payoff has a lower credit score requirement than SoFi, but if your credit isn’t in top shape, Payoff may charge you a higher maximum APR. If you have excellent credit, you may be able to get the lowest rate with Reach Financial.

Reach Financial and Payoff are for borrowers looking to consolidate their debt. Only SoFi allows borrowers to obtain a loan for other purposes.

See our Personal Loan Scoring Methodology »

Frequently Asked Questions

Reach Financial is a Better Business Bureau accredited company with a A+ rating organisation. The BBB is a non-profit organization focused on consumer protection and trust. It rates companies by looking at their response to customer complaints, honesty in advertising, and truthfulness in business practices.

Reach Financial has not been involved in any recent controversies.

There is no minimum credit score required for a personal loan from Reach Financial. Instead, the company considers your overall financial situation when making final loan decisions.

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