FreedomPlus Installment Loans Review

FreedomPlus is a member of the Freedom Financial Network. Founded in 2014 by Andrew Housser, a co-founder of the financial network, FreedomPlus specializes in customized installment loans.

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    It has a particular focus on customers who need to pay off debts, and who need to save on interest.

    Why Get an Installment Loan from FreedomPlus?

    There are multiple reasons why you might take an installment loan from FreedomPlus. They include the following:

    • Case-by-case analysis ensures that you get the loan that you need
    • A loan advisor helps you to set up your loan
    • Easy and efficient online application process
    • Approved loans clear within 48 hours

    What Does FreedomPlus Offer?

    FreedomPlus offers medium to long term loans for a variety of purposes. Every loan that it approves is customized for the customer in question, ensuring that each borrower takes the appropriate credit and payment plan.

    FreedomPlus specializes in installment loans, with a focus on debt consolidation and resolution.

    Eligibility Criteria

    To take a loan with FreedomPlus, you have to be a resident of the United States. However, not every state is eligible for a FreedomPlus loan. The company suggests that you get in touch for information on which states are eligible. 

    FreedomPlus serves people with most rates of credit since it specializes in debt consolidation. However, clients are accepted or rejected on their own merit. 

    FreedomPlus Pros and Cons


    • Personalized loans on a case-by-case basis
    • Same-day processing of credit check and contract
    • Some borrowers qualify for discounts
    • Loan advisors ensure that your loan meets your needs


    • Loans are not available in all states
    • Some states have higher lending requirements

    How to Apply for a FreedomPlus Installment Loan?

    Applying for a loan with FreedomPlus is a straightforward process. 

    On the homepage of the FreedomPlus site, adjust the movable slider to represent the amount you would like to borrow. Then, click on the 'get my loan' button.

    The website will then redirect you to an online form asking several questions, like how you plan to use the money, which state you reside in, and important details like personal and financial information.

    If the company approves your loan, you will be contacted within 24 hours by a loan consultant to discuss the details.

    You may qualify for one of the discounts under certain conditions, and the loan consultants will help you customize your loan to fit your personal needs.

    Once you are happy with the conditions of the loan and the customization, you need to sign the contract.

    The funds will be released into your account within 48 hours of you signing the contract.

    Rates, Terms, and Fees

    Since FreedomPlus offers customized financial loans, the rates differ on a case-by-case basis.

    Additionally, due to legislation, the prices vary from state to state.

    To find out what the rates would be on your desired loan, you would have to fill in the form.

    Rest assured, however, that the application process does not affect your credit score in any way.

    We can tell you that FreedomPlus offers a range of APR rates ranging from 7.99% to 29.99%.

    Origination fees on FreedomPlus loans vary from 0% to 4.99%, with an average loan origination fee of 4.99%.

    The shortest loan term that FreedomPlus offers is two years, while the longest is six years.

    You can qualify for a loan of amounts between $7500 and $40000.

    Bottom Line 

    FreedomPlus has a lot to offer along the lines of customized installment loans.

    However, if you are looking for a loan that is available in any state, a competitor like Prosper may be the way to go.

    Additionally, FreedomPlus offers low interest rates on many of their loans, and fixed payments.

    But if you are looking for centralized financing and not merely a loan, another company like SoFi might suit you better.