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

Reach Financial personal loans

Reach Financial Personal Loan


Fees

Origination fee ranges from 0% to 5%, $15 late fee

Reach Financial Reach Financial Personal Loan

Reach Financial Personal Loan


Fees

Origination fee ranges from 0% to 5%, $15 late fee

On Reach Financial’s website


Fees

Origination fee ranges from 0% to 5%, $15 late fee

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Pros and cons of Reach Financial personal loans

Compare Personal Loan Rates

Reach Financial is best for borrowers with excellent credit who want to consolidate their debt at a low rate. Reach Financial offers great minimum rates that may be hard to find elsewhere. Additionally, many lenders don’t cater specifically to debt consolidation, so Reach Financial may be able to better assist you in the process. 

Borrowers who want to take out a loan for a different purpose won’t be able to use this lender, and residents of 10 states also aren’t eligible. 

How Reach Financial personal loans compare

How Reach Financial compares

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Editor’s rating

2.75/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

Regular APR

5.99% to 35.99%

Editor’s rating

3.5/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

Regular APR

7.99% – 24.99% APR

Editor’s rating

4.25/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

Regular APR

7.99% – 23.43% (with all discounts)

Reach Financial has no minimum credit score requirement. Payoff has a lower credit score requirement than SoFi, but if your credit isn’t in the best of shape, Payoff may charge you a higher maximum APR. If you have excellent credit, you may be able to get the lowest rate with Reach Financial.

Both Reach Financial and Payoff are for borrowers who are looking to consolidate their debt. Only SoFi allows borrowers to get a loan for any other purpose. 

See our ratings methodology for personal loans » 

Frequently asked questions

Reach Financial is a Better Business Bureau-accredited business with an A+ grade from the organization. The BBB is a nonprofit focused on consumer protection and trust. It evaluates companies by looking at their response to customer complaints, honesty in advertising, and truthfulness about business practices. 

Reach Financial hasn’t been involved in any recent controversies. 

There is no minimum credit score required for a Reach Financial personal loan. Instead, the company considers your overall financial situation when making final lending decisions. 



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