FreedomPlus Personal Loans 2021 Review – Forbes Advisor


The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here’s how FreedomPlus personal loans stack up against other popular lenders:

FreedomPlus vs. SoFi

SoFi personal loans start at $ 5,000 and go up to $ 100,000 depending on the purpose of the loan, making them much more flexible than the loans available through FreedomPlus. And, while SoFi APRs (around 6% with auto-pay) start near the minimum rates available through FreedomPlus, they only peak at around 20% with auto-pay, about 10 points lower than the maximum APRs of. FreedomPlus. SoFi also doesn’t charge origination fees, which sets it apart from the more expensive FreedomPlus loans.

Related: Review of SoFi Personal Loans

FreedomPlus vs. LightStream

LightStream personal loans range from $ 5,000 up to $ 100,000, double that available through FreedomPlus, depending on the purpose of the loan. Additionally, LightStream APRs start below 3% with automatic payment for some loan purposes and only go up to around 20%. For these reasons, LightStream is the most flexible and cost effective option for qualified borrowers who want to access large loans at competitive rates.

As with FreedomPlus, LightStream’s loan terms start at just two years, but go up to 12 years, depending on the loan size, its purpose, and the borrower’s creditworthiness. Additionally, LightStream does not charge origination fees, further increasing the savings available over FreedomPlus personal loans.

Related: LightStream Personal Loan Review

FreedomPlus vs. To improve

Upgrade offers personal loans to borrowers with a minimum credit score of just 580, even lower than the minimum score required by FreedomPlus. Plus, Upgrade offers the same maximum loan amount as FreedomPlus — $ 50,000 — and borrowers can access minimum loan amounts of just $ 1,000 and loan terms of up to seven years.

Nonetheless, Upgrade charges origination fees of between 2.9% and 8% of the loan amount (higher than those charged by FreedomPlus) and maximum APRs of about 36% (about six points higher than the maximum APR of FreedomPlus).

Related: Personal Loan Review Upgrade


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