Frequently Asked Questions

Unsecured personal loans allow you to borrow funds without having to put up any collateral, such as a car or certificate of deposit. You can use personal loans for a variety of purposes, including debt consolidation and major purchases.

It’s a low fixed-rate loan with amounts from $5,000 up to $50,000 and flexible terms of 2 to 5 years.* A fixed rate means your monthly payments won't change. That makes budgeting for payments simple and predictable over the life of your loan.

You may also be eligible for rate discounts for adding a qualified co-applicant, showing proof of eligible retirement savings, and setting up direct pay to creditors when consolidating debt.**

Achieve Personal Loans offers low fixed-rate loans that you can use to consolidate your unsecured debt or fund a major expense. You can pick from 2, 3, 4, or 5-year terms and loan amounts from $5,000 to $50,000.*

Throughout the entire process, from application to funding, you can work with the same dedicated Achieve Loan Consultant to create your customized loan solution. You can depend on them to answer any questions, review your current financial status, and help map out a brighter financial future. You can also choose to work through the application process digitally, through email and through their comprehensive Member Dashboard.

Unlike other lenders, Achieve Personal Loans offers  interest rate discounts:**

• Qualified Co-borrower discount: Add a qualified co-borrower to your loan application.

• Retirement asset discount: Show proof of sufficient retirement funds in a 401(k),  IRA, Roth IRA or TSP (Thrift Savings Plan).

• Direct pay discount: Allow Achieve Personal Loans to use your loan funds to directly pay your creditors when consolidating debt.

No hidden fees. No  early prepayment fees. Achieve Personal Loans charges an origination fee from 1.99% to 6.99%.*

Applying for our personal loan is fast, free, and easy. With our online application, you can simply input your desired loan amount, state of residence, and contact information. If pre-approved, you can choose to work through the remaining application process by email, or request to be contacted by an Achieve Loan Consultant.

The process is simple, secure, and streamlined. 

1. Complete the Application: You can do this digitally, or over the phone with the help of an Achieve Loan Consultant

2. Optional Consultation: You have the option of working with an Achieve Loan Consultant if you’d like help determining whether a personal loan is the right solution. They’ll help customize your loan through term length options (2, 3, 4, or 5 years), flexible payment dates, meaningful rate discounts, and more. 

Get Your Funds: You could get a same-day loan decision and get  your funds sent within 24-72 hours of approval.***

Once you complete the application process, get pre-qualified, and decide you’d like to move forward with your application, we will run a hard credit pull and request more details around your financial situation to determine whether a personal loan is right for you. We may ask you to provide the following details: 

• Proof of income

• Social Security number

• Proof of identity

• Employment status

The minimum credit score to qualify for a personal loan is 620.

We offer flexible 2-year, 3-year, 4-year, or 5-year terms.*

You can use your loan for nearly any purpose, including; 

• Credit card refinance

• Debt consolidation

• Hard-to-finance major purchases

• Home improvement

• Vacations and travel

• Medical expenses 

• Moving expenses

• A wedding

• And more!

Achieve Personal Loans offers three types of discounts:**

• Co-borrower discount: Add a qualified  co-borrower to your loan application.

• Retirement asset discount: Show proof of sufficient retirement funds in a 401(k),  IRA, Roth IRA, tsp (thrift savings plan).

• Direct pay discount: Allow Achieve Personal Loans to use your loan funds to directly pay your creditors when consolidating debt.

We make same-day loan decisions and send your funds within 24-72 hours of approval.***

You can borrow up to $50,000.*

Annual Percentage Rates for Achieve personal loans range from 7.99% to 29.99%.*

Nope. We know that you’re more than your credit score. We take a holistic approach in looking at your debt, income, and needs. Our aim is to find a loan amount, rate, and monthly payment that saves you money. The minimum credit score required to qualify for our loan is 620.

No—quite the opposite. Your credit score is more likely to go up****.

Pre-approval for our personal loan involves a “soft credit pull” which the credit reporting agencies won’t factor at all in your credit score.

The actual application for our personal loan involves a “hard credit pull,” which may slightly affect your score. But any negative credit impact—usually minimal—will be more than offset if you use your new funds to pay off high-interest credit cards. This could improve your credit utilization ratio, a key factor in your credit profile.

Yes, Achieve Personal Loans has worked with over 400,000 members and helped fund over $5B of loans since 2008—and we’re more dedicated than ever to help people finance their futures.

Achieve Personal Loans (formerly “FreedomPlus”) is a safe and secure online lender with positive online reviews. The Better Business Bureau (BBB) has given us an A+ rating, and our members have given us 5 out of 5 stars on Trustpilot.