Personify Personal Loans: Review 2022, Rates

0

Insider experts pick the best products and services to help you make smart decisions with your money (here’s how). In some cases, we receive a commission from our our mates, however, our opinions are our own. The terms apply to the offers listed on this page.

Personify personal loans

Rate

5% origination fee (except in GA, SC), $25-$30 late payment fee

APR

19.00% – 179.50%, varies by state

Personify Personify Personal Loans

Rate

5% origination fee (except in GA, SC), $25-$30 late payment fee

APR

19.00% – 179.50%, varies by state

APR

19.00% – 179.50%, varies by state

Rate

5% origination fee (except in GA, SC), $25-$30 late payment fee

chevron icon Indicates an expandable section or menu, or sometimes previous/next navigation options.

chevron icon Indicates an expandable section or menu, or sometimes previous/next navigation options.

You can get a Personify installment loan in 25 states:

  • Alaska
  • Alabama
  • Arizona
  • Delaware
  • Florida
  • Georgia
  • Idaho
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Mountain
  • New Mexico
  • Ohio
  • Oklahoma
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Washington
  • Wisconsin

Most states allow you to choose between a term of 12, 18, 24, 36, or 48 months. You can borrow anywhere from as little as $500 to as much as $15,000. Your APR will range from 19% to 179.50%.

However, borrowers in Georgia and South Carolina will find slightly different numbers:

Pros and cons of Personify personal loans

Personify is best for people with bad credit who have exhausted other loan options. Borrowers who want their money fast may also like Personify, as it funds loans within one business day.

Remember that if you have a low credit score, you may be charged very high interest rates that could add hundreds or thousands of dollars to the cost of your loan. If you have a good credit score, you may be able to get better terms from a lender other than Personify.

How Personify Personal Loans Compare

How Personify Compares

chevron icon Indicates an expandable section or menu, or sometimes previous/next navigation options.
chevron icon Indicates an expandable section or menu, or sometimes previous/next navigation options.

Publisher Rating

3/5
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

ordinary APR

19.00% – 179.50%, varies by state

Publisher Rating

2.5/5
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

ordinary APR

up to 306.00% (rates vary by state)

Publisher Rating

2/5
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

ordinary APR

35.99% to 211% APR, depending on your state

MoneyKey, Fig Loans, and Personify are slightly cheaper alternatives to payday loans, many of which carry interest rates of around 400%. However, you will still pay a much higher interest rate with these three than with a traditional personal loan lender.

All three companies have duration terms based on where you live. Personify terms range from 12 months to 48 months, Fig has terms ranging from one to six months. MoneyKey has a term of six or 12 months.

None of the three companies have a minimum credit score to qualify, so they could be a good option for borrowers who have been turned down by other companies due to poor credit history.

Compare personal loan rates

Frequent questions

Personify is a Better Business Bureau accredited company with an A+ rating from the BBB, a non-profit organization focused on consumer protection and trust. The BBB measures companies by evaluating their responses to customer complaints, truthfulness in advertising, and transparency about business practices.

The company has not been involved in any recent controversy. Between your clean history and top-tier BBB rating, you can feel comfortable borrowing from the lender. However, an excellent BBB rating does not guarantee a good experience with the company. Talk to others who have used Personify before deciding on the lender.

There is no minimum credit score requirement for a Personify loan.

No, a Personify loan is not a payday loan. Payday loans are usually taken out of your next paycheck and charge exorbitant rates, usually around 400%. Personify loans have longer repayment terms and no prepayment penalties.

Your rate will range from 19% to 179.50%, depending on your creditworthiness and other financial factors.

Share.

Comments are closed.