Balance Personal Loans Reviews

3.6 out of 5 stars
29 Reviews

From Borrowers in the last year


Application Process

4 out of 5 stars

Customer Service

4 out of 5 stars

3.5 5

Compare Personal Loans

Check out rates on new loans or refinance an existing loan.


Most Helpful Positive Review

Nov 09, 2015
Easy Application and funding
mhetrick Borrower

Yes, their rates are high but if you need money in a pinch they are there and complete the funding.  Be sure to be able to afford their fees!.  For example, a $100 in Texas for me cost $214 over a period of 10 payments ($110 was their CSO fee).  Just completed paying last week, originated in June.

Overall didn't have any problems with them and even chatted with their customer support a time or two.  You can pay off early and reduce some of the interest, but not the CSO fees.  Also, they say they report to credit, but I never saw the entry on mine. 

more ...

Was this review helpful?


Most Helpful Negative Review

Jun 22, 2016
Ramez66 Borrower

I got the loan in February and was making the payments directly form my account twice a month with absloulty no problems. Suddenly they sell my loan to a collection agenacy with no instructions on what the next steps are. 20 days after they sold it, I am suddenly getting a call from a lwayer hired by the collection agenacy to seattle the account. No warnig no reasons why no answers

more ...

Was this review helpful?


These reviews were written by current and former borrowers in the last year.

Apr 26, 2017
Only if you are employed
Anonymous Borrower

In my opinion this loan is only to be taken out if you have an emergency. The interest is very high

more ...
Mar 17, 2017
Ok, just high interest
Nbarre Borrower

If you need money in a hurry like within two days and you know you can pay it off in 2-3 weeks then they are good to go through. I took out a 700 loan and paid off in 3 weeks. I paid a total of 230 dollars in interest. and initiation fees. Just do yourself and pay it off quick or you will be paying a lot of money. If I didn't pay it off early it would of been a total of 1544 for a 700 dollar loan..

more ...
Mar 08, 2017
Covienent, fast
Anonymous Borrower

It helped when I needed it fast once application was complete took no time at all had the money next day. It is a high interest rate but payoff was just as quick 

more ...
Feb 01, 2017
Balance was very helpful and easy to ge
Anonymous Borrower

Very good company to work with.

more ...
Jan 17, 2017
Easy, online only, no phone call!
Anonymous Borrower

Easy application with upfront details, no phone calls, can pay off early, interest not to bad!

more ...
Jan 06, 2017
Personal Loan
Anonymous Borrower

The loan process was quick and easy,  I just had one complain the interst rate is really high.

more ...
Jan 06, 2017
Accessible & Easy
Anonymous Borrower

Online process was not difficult, the interest for amount approved higher than some others ive gotten in past ....helpful at time needed

more ...
Jan 05, 2017
interest rate high
billy025 Borrower

you cannot pay more on your loan unless you call , you should not be able to change the amount due but you should be able to pay more on line access

more ...
Jan 05, 2017
Quick and convenient
Anonymous Borrower

Easy to apply with easy application and loan documents. Of course rates are high but was a good choice for the circumstances. Would use again if needed!

more ...
Jan 05, 2017
Great alternative to a payday loan.
FM05 Borrower

Very good option for someone with less than perfect credit. The rate is high, but just make an additional payment towards your principal.  You can get a credit limit increase if you pay back your loan with on time payments and a loan payoff.

more ...
Add a Review

Add Your Review

I Own It I Had It I Applied

Please state your experience.

How would you rate this loan overall?

Please select a rating

What should others know about this loan?


How was application process?

How was customer service?

Join the Credit Karma Community

It’s free, and you’ll get tools and info that can help you improve your financial health:

  • Credit scores and reports
  • Credit monitoring
  • Personalized recommendations

**Annual Percentage Rates, terms of loan, and monthly payments presented are estimated and were created based on analysis of information provided by the consumer and available rate information from lenders. While efforts have been made to maintain accurate information, the loan information is presented without warranty and the estimated APR or other terms presented do not bind any lender. Lenders generally have a range of available APRs (for example, a lender’s range might be 2% to 12%) and only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, vehicle information, credit usage and history. All loans are subject to credit review and approval. Additionally, model year, loan-to-value, minimum loan balance mileage, income, debt, etc. restrictions may apply. When evaluating offers, please review the lender’s Terms and Conditions for additional details.