Regional Finance Personal Loans

Regional Finance Personal Loans Review

Regional Finance Personal Loans is offered by Regional Management Corp., a direct lender founded in 1987 and based in Greer, SC. Regional Finance are available in 15 states across the USA.

Key Takeaways

• APRs starting at 24.00%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Regional Finance Personal Loans are on the higher end of the spectrum.
• Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
• Strongly recommended. 51 out of 61 SuperMoney community members recommended Regional Finance Personal Loans.
• Prequalified rate. You can check your prequalified rate at Regional Management Corp. with a soft pull that will not affect your credit score.
• Origination fees of up to 10%. Origination fees and requirements vary by state. This is on the high end for lenders on SuperMoney's database. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
• Minimum income of $25,000. You will need an annual income of at least $25,000 to apply for Regional Finance Personal Loans, which is above average for the lenders in our database.

Regional Finance Pros & Cons

Regional Finance FAQ

What interest rates and personal loan terms does Regional Finance offer?

Regional Finance has higher than average interest rates for lenders reviewed on SuperMoney.

What fees does Regional Finance charge?

What do you need to qualify for Regional Finance Personal Loans?

To qualify for personal loans with Regional Finance Personal Loans, applicants need a minimum annual income of $25,000 or higher. Regional Finance Personal Loans only considers borrowers who are employed and meet the minimum income requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Regional Finance Personal Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Regional Finance Personal Loans.

To qualify, applicants may need to provide the following documentation:

• Recent pay stubs
• Driver's license
• Proof of citizenship or residence permit

What is the estimated funding time for a personal loan via Regional Finance?

Regional Finance will typically provide a credit approval decision in less than an hour and fund the loan within 1 business day.

Does Regional Finance Personal Loans report your account activity to credit bureaus?

Yes, Regional Finance Personal Loans reports your account activity to the following credit reporting agencies:

• Equifax
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Are Regional Finance Personal Loans legit?

Regional Management Corp. was founded in 1987, it is a well-established company that has been in business for 36 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.