1/16/2024 0 Comments Freedom plus loan![]() ![]() Loan Rates and TermsįreedomPlus loans come with repayment terms ranging from 2 to 5 years. To qualify for a loan, your DTI ratio has to be 40 percent or less. That's the amount of your income you spend on debt repayment each month. And they also look at your debt-to-income ratio. On the income side, FreedomPlus looks for borrowers who make at least $30,000 per year. If your co-signer has a strong credit score, that could make it easier for you to get approved. ![]() You can, however, apply for a loan with a co-signer. The average borrower credit score is around 720. That includes taking a look at your credit score and income.Īt a minimum, you'll need a 640 credit score to get approved with FreedomPlus. Like most lenders, FreedomPlus considers your financial background to approve you for a loan. Once you're approved, you can funded in as little as 48 hours. The loan application takes a few minutes to complete. It doesn't take long to apply for or be approved for loan funding either. You can use a FreedomPlus personal loan to fund a big goal, such as large-scale kitchen renovation or even buying a new car. That's higher compared to some online and brick-and-mortar lenders. At the high end, loans max out at $40,000.
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