Splash Financial is a personal loan company that offers loans to people with good credit. They offer loans up to $35,000 with an approval rate of over 90%. Splash Financial is an excellent option for people who need a personal loan but don’t want to go through the hassle of dealing with a bank. Splash also offers private student loans and financial student loan refinancing options, but we’ll focus on its loans in this article.
What are Splash Financial and personal loans, and how do they work?
Splash Financial is a student loan refinancing marketplace featuring banks, lending partners, and credit union lenders. Splash also offers private student loans and personal loans.
Splash Financial, personal loans help you cover unexpected expenses or consolidate debt. They offer a fixed interest rate and flexible repayment terms, so you can choose what works best for your budget. Plus, there’s no origination fee or pre-payment penalty, so you can save money if you pay off your loan early.
Before deciding on a student loan refinance lender, compare multiple loans refinance options to ensure you get the best rate you qualify for. In addition to interest rates, compare lenders’ repayment options and the flexibility they offer borrowers struggling to make payments.
Complete the online application to apply for a Splash Financial personal loan. Once approved, you’ll receive the funds in as little as one business day. If you select an offer from one of Splash’s marketplace lenders, you’ll need to complete an online application for the refinance loan. This application will trigger a hard inquiry on your credit report as the lender checks your credit history.
What are the pros and cons of using a Splash Financial personal loan?
There are several pros and cons to using a Splash Financial personal loan. Some of the pros include that you can receive your loan quickly, it can help improve your credit score, and you may be able to get a lower interest rate than with other lenders.
One benefit is that you can use the loan for any purpose. Whether you need to consolidate debt, make a large purchase, or cover unexpected expenses, a Splash Financial personal loan can help. Another benefit of using Splash Financial as a personal loan is getting competitive rates. Splash Financial offers some of the lowest interest rates available so that you can save money on your loan.
Using Splash Financial, a personal loan is simple and convenient. The entire process can be done online, and you can get started with just a few clicks. If you’re looking for a personal loan, Splash Financial is worth considering.
Some potential negatives to using this type of loan include that you may have to pay origination fees or other charges, and the repayment terms might not be as flexible as with other lenders. It’s essential to carefully consider these factors before taking out a Splash Financial personal loan. Doing so will help ensure you make the best decision for your financial needs.
How to apply for a Splash Financial personal loan?
Applying for a Splash Financial, a personal loan is easy. You can either apply online or over the phone. If you’re using online, you’ll need to provide basic information about yourself and your financial situation.
Once you’ve submitted your application, one of our loan specialists will contact you to discuss your options and help you choose the right loan for your needs. If you’re applying over the phone, we’ll need some basic information from you, and we can usually approve your loan on the spot. Either way, we make getting a personal loan easy! Give us a call today or apply online and let us help you get the money you need.
If you don’t meet one or more eligibility requirements to refinance with Splash, that doesn’t mean your path to refinancing student loan debt is closed completely. You can try to get pre-qualified with another lender or take some time to improve your financial situation before making another attempt.
How could Splash Financial Improve?
Splash Financial is a great company that offers personal loans with low-interest rates. However, there are a few areas where they could improve.
One area is customer service. I have called customer service a few times and the wait times are always very long. It would be nice if more staff were available to help customers promptly.
Another area is their website design. Splash Financial’s website looks dated and could use a refresh. Additionally, it can be challenging to find information on their website since it is not well organized.
Overall, Splash Financial is an excellent company with low-interest rates for personal loans. However, they could improve a few areas, such as customer service and website design.
What are the interest rates, fees, and terms of Splash Financial?
Splash Financial offers personal loans with interest rates as low as 4.99%-35.97% APR and terms from 5 to 20 years. There are origination fees up to 8% but no pre-payment penalties. You can check your rate without affecting your credit score, and funding is available as soon as the next business day. They offer fixed and variable rates for student loan refinancing with five to 25 years terms.
As for private student loans, Splash Financial rates start at 11.24% – 14.99% APR for variable rates and 11.24% – 21.00% for fixed rates with terms from five to 20 years, respectively. There are no origination fees or pre-payment penalties with private student loans from Splash Financial. You can check your rate without affecting your credit score.
Whether you’re looking to consolidate debt, finance a home improvement project, or cover unexpected expenses, a personal loan can be a great solution. And with interest rates at all-time lows, now is a great
What are the requirements of a Splash Financial personal loan?
To qualify for a Splash Financial personal loan, you must:
- Be a U.S. citizen or permanent resident
- Be at least 18 years old
- Have a regular source of income
- Have a checking account in your name
- Have a valid email address and phone number
- A minimum credit score of 650 and payment of $42,000
You can apply for a Splash Financial personal loan online if you meet these requirements. The entire process is quick and easy, and you can get started today. Just visit the website and fill out the application form. Once approved, you’ll have access to the funds you need in no time.
What are the repayment options for Splash Financial?
The repayment options for Splash Financial are either through automatic payments from a linked checking account or by mailing in monthly payments. The minimum amount is $50 per month, and there is no pre-payment penalty. Splash Financial also offers a 0.25% interest rate reduction for setting up autopay.
For a Splash Financial student loan, in-school deferment is available for up to 48 months, and there are no origination or pre-payment fees. After graduation, there is a six-month grace period before payments are due. The standard repayment term for loans taken out after July 2020 is ten years.
To apply for a loan with Splash Financial, you’ll need to complete an online application that includes basic information about yourself and your financial situation. Once you’ve submitted your application, a representative from Splash Financial will reach out to you to discuss your loan options and answer any questions you may have.
What does Splash Financial customer service like?
If you’re considering Splash Financial for a personal loan, you might be wondering about the quality of customer service. Here’s what we can tell you about Splash Financial’s customer service.
First, the company is available to help via telephone during extended business hours. You can also reach out to them through their website’s live chat or email. We appreciate multiple ways to contact Splash Financial if you have questions or need assistance.
Speaking with a representative, the customer service reps were very friendly and helpful. They seemed knowledgeable about the product and were able to answer questions thoroughly. We didn’t feel like they were rushing us off the phone or trying to upsell us on anything.
Overall, we were pleased with the customer service experience with Splash Financial. If you’re considering taking out a personal loan with them, we think you’ll be satisfied with their customer service.
How does Splash Financial compare to other lenders?
At Splash Financial, we pride ourselves on providing some of the best personal loans. But how does Splash compare to other lenders?
For starters, our rates are highly competitive. We offer fixed rates starting as low as % APR and variable rates starting as low as % APR. And we have a variety of loan terms available, so you can choose the one that best suits your needs.
We also offer several unique features you won’t find with other lenders. For example, our “Skip-a-Pay” option allows you to skip a monthly payment if you need to free up some extra cash. And our “No Pre-payment Penalty” policy means you can pay off your loan early.
What are the different types of Splash Financial personal loans available?
There are three types of Splash Financial personal loans: the Splash Cash Advance, the Splash Personal Loan, and the Splash Debt Consolidation Loan. Each loan has different terms and conditions, so choosing the right one for your needs is essential.
The Splash Cash Advance is a short-term loan used for emergency expenses. It has a higher interest rate than other loans, but you can get the money quickly, and no credit check is required.
The Splash Personal Loan is a longer-term loan that can be used for anything from consolidating debt to funding a significant purchase. It has a lower interest rate than the Cash Advance, but you’ll need good credit to qualify.
In conclusion
A few different Splash Financial, personal loans are available to suit your needs. The Splash Debt Consolidation Loan is best suited for those with multiple debts with high-interest rates. Be sure to do your research and choose the right loan for you. Need to finance a large purchase, consolidate your debt, or cover medical expenses? Edfed offers personal loans with fixed rates and no hidden fees.
