Affiliated with Freedom Financial Network, a company that provides consumer advocacy services, Freedom Plus is an online lender providing loans starting at 6.99% annual percentage rate (APR). Applicants who don’t live in states where Freedom Plus disburses loans will instead be directed to the company’s lender partners, who will walk them through their options.

Our Freedom Plus personal loan review will go over important details such as fees and the application process so that you can make an educated decision about whether to move forward.

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  • Option to apply with a co-borrower

  • Ability to receive one-on-one help

  • Doesn’t charge a prepayment penalty


  • Charges an origination fee

  • High minimum loan amount

  • Must work with lender partners in some states

Pros Explained

  • Option to apply with a co-borrower – Applicants who may not have sufficient income or a decent credit score may apply with someone else to increase their odds of getting approved.
  • Ability to receive one-on-one help – Once you fill out the initial online application form you’ll speak with a loan consultant, who’ll guide you through your loan options and answer any questions you may have. 
  • No prepayment penalty Freedom Plus won’t charge you a fee if you decide to make extra payments or pay off your loan early.

Cons Explained

  • Charges an origination fee – Borrowers could pay up to 4.99% in addition to their interest rate. This origination fee will be added into the final APR.
  • High minimum loan amount – At $7,500, this amount could be high for those who don’t need a personal loan for that much. Also, residents in certain states may be required to take out a higher amount.
  • Must work with lender partners in some states – In some states, such as California, residents are able to work with Freedom Plus directly. In other states residents must be referred to lender partners, though it’s unclear who they are.

Types of Personal Loans Offered by Freedom Plus

Freedom Plus personal loans are available for many purposes, including financing a wedding, car repairs, relocation expenses, home improvement projects, medical bills, debt consolidation, and other types of major purchases.

Loan Amounts

Loan amounts range from $7,500 to $40,000 . However, based on where you reside, minimum loan amounts may differ.

Annual Percentage Rate (APR)

Freedom Plus only offers fixed-rate personal loans, ranging from 7.99% to 29.99% APR.

Loan Terms

Repayment terms for Freedom Plus loans range from two to five years.

Credit Score Requirements

Freedom Plus doesn’t state on its website what its minimum credit requirements are, but the higher your credit score, the more likely you’ll be able to qualify for the most competitive terms and rates.

The lender provides an example of applicants who should qualify for the lowest rates: You have excellent credit and are borrowing less than $12,000 with a 24-month term. Also, adding a qualifying co-applicant, proving you have plenty of retirement savings, and using a minimum of 85% of your loan for debt consolidation should help.


Freedom Plus doesn’t have any prepayment penalties. There are also no prepayment penalties, meaning you can pay off your loan early without paying additional fees.

However, borrowers may be subject to an origination fee, which ranges from 0% to 4.99%. This amount will be rolled into your personal loan’s final APR.

Time to Receive Funds

The lender may approve your loan on the same day that you apply, and you’ll get your loan proceeds within 48 hours of approval.

Freedom Plus Personal Loan Features

Apply With a Co-Applicant

Freedom Plus allows co-applicants for its personal loans. Having one can help you with your chances of getting approved for a loan, particularly if you may not meet certain qualifications due to your credit score, income, or other financial factors.

Personalized Options Available

Freedom Plus lets applicants fill out a simple application form and speak with a loan consultant, who will work with them to determine the rates and terms available based on their financial information.

Apply for a Freedom Plus Personal Loan

Freedom Plus asks applicants to fill out a short form so they can check what they qualify for. A loan consultant will speak with you over the phone to complete the application process. Here’s what to expect: 

  1. Indicate how much you want to borrow in Freedom Plus’ online application form.
  2. Indicate how you’re planning on using the personal loan and in which state you reside. 
  3. Fill out personal details, such as your full name, email address, and phone number. You’ll need to agree for Freedom Plus or its lending partners to contact you via phone.
  4. Wait for a loan consultant to contact you to continue the application process or call 800-368-0061 to speak with one. 
  5. Review loan offers and follow instructions to complete the application process. This can include providing supporting documentation and/or your co-applicant’s personal details. 

Once Freedom Plus approves your loan and you sign your loan documents, the company will send you funds within 48 hours. 

Can You Refinance a Personal Loan With Freedom Plus?

Freedom Plus doesn't allow refinancing for personal loans.

Is a Freedom Plus Personal Loan the Right Fit?

Freedom Plus offers competitive rates, though those with lower credit profiles may be offered a higher rate and pay an origination fee. The company is best for those who want to borrow a large sum of money and pay it back within a short amount of time, as that’s what can help you also qualify for the lowest rates.

For applicants who don’t have ample income or a decent credit score, it may not be the best fit unless they’re applying with a co-applicant. In this case, speaking with a loan consultant may show you what options are available. That way you can take that information and shop around with other lenders to find the best loan for your borrowing needs.


Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of personal loan lenders. We collected over 25 data points across more than 50 lenders—including interest rates, fees, loan amounts, and repayment terms—to ensure that our content helps users make the right borrowing decision for their needs.