Splash Financial Personal Loans Reviews

Splash Financial is an online lender marketplace that offers multiple types of personal loans. It has a network of lenders specializing in student loan refinancing, in-school student loans, medical school loan refinancing and personal loans used for a variety of purposes. Checking your rate with Splash Financial doesn’t impact your credit score, and you can see rates in as little as three minutes online.

Personal loans are available from $1,000 to $100,000. Once your application is approved, you can receive funding in as little as one business day. Personal loans are one lump sum of cash with the same monthly repayment amount. This helps keep payments consistent and easier to budget for. Common reasons for taking out personal loans include debt consolidation, home renovations and financing major purchases.

Splash Financial operates using an automated underwriting process. This means that rates are offered to you quickly and online by connecting you with nationwide lenders. This includes smaller banks and credit unions that you might not be familiar with.

To apply for a Splash Financial loan, you fill out an online application to check your rate. Checking your rate does not impact your credit score initially. After providing information like personal contact info, loan type, fund use and employment data, you receive rate offers from various lenders to compare. After you’ve found a rate, loan amount and repayment term that is a good fit, you apply with that specific lender. This will require a hard credit inquiry.

Once your final application is approved, you can receive loan funds in as little as one business day. This is a lump sum of cash deposited into a bank account.

Splash Financial partners with a large network of lenders for personal loans and loan refinancing. Rates vary, but you can expect rates (at the time of publishing) ranging from:

There are several factors that affect your interest rate. These include:

• Employment history
• Credit score
• Economic conditions
• Repayment term

If you’re looking for a personal loan or to refinance student loans, Splash Financial may be beneficial. Because it works with a large network of nationwide lenders, Splash Financial increases your chance of finding a low interest rate. The loan application process is all online, which speeds up the process of getting offers. Splash Financial is best for those looking for loans between $1,000 and $100,000.