Personal Loan Reviews Advertiser Disclosure

Springleaf Financial Personal Loans

Product Holder (854 Reviews)
Application Process
Customer Service
4.3313999176025 5

Springleaf Financial

  • Personal loans typically from $1,500-$10,000 with APRs from 25.10% - 36.00%
  • Flexible. Terms that fit your needs and no pre-payment fees
  • Fast. Loan decisions as quickly as 1 hour
  • Convenient. Apply online, by phone or at your local branch

Compare Personal Loan Rates

View your top Personal Loan recommendations and compare rates on Credit Karma.

How Credit Karma Can Help

Credit Karma is an entirely free credit resource. See your credit information, educational tools and more. No catch.
  • Credit Scores
  • Credit Reports
  • Personalized Offers
  • Most Helpful Positive Review

    Good deal for a bad credit loan
    Helpful to 426 out of 458 people

    If you are in a similar situation to me, Springleaf is probably one of the few options available to you. I just got my check from them today, and getting to that point was rather painless with a few caveats. I will write a detailed review below, but the short answer is that I would recommend this place to someone with a low credit score who has an urgent need for a lump of cash to pay some bills. It is a better interest rate than the payday loan places. They will try to push you to get credit insurance with your loan, but it was easy enough to tell them no to that. The branch manager assured me that I can make payments online and that this is a simple interest loan with no prepayment penalty. There were a few snags, but at the end of the day I have my money and can take care of some bills. If I have any problems down the road, I will come back and change my review. For now, I give them four stars.

    Now, here is the long review...

    My FICO score is in the low 600's, and I have a stack of medical bills that need to be addressed plus I am buried under a high interest (157%) long-term personal loan that I took through one of the payday loan places. To pay off the personal loan and medical bills, I needed about $4000. I was also hoping to get a little extra money to fund a trip to Chicago for a wedding this summer. With my credit score, I didn't even bother trying a traditional bank or credit union, and I was turned down by Prosper and LendingClub. So, Springleaf was one of my only options to get a loan.

    I filled out their online application, and I heard back from the branch manager the next day. Over a couple more days, he put together a package for me and gave me two options. I could either get a "personal property loan" for $3500, or put up my pickup truck as collateral and get a $5100 vehicle title loan. I originally chose to do the vehicle title loan.

    Now, here comes one of the reasons that I only rated the place as four stars. Similar to other reviewers, I had to drive over 40 miles to get to the nearest office. That was not a big issue in and of itself, but I wanted to make sure that there was nothing I was missing so I wouldn't have to make the trip more than once. Well, when I got there with all my paperwork (pay stub, W2, apartment lease, documentation of my bills, registration/insurance/title for my vehicle, and photo ID) it was only then that I learned I could not use my truck as collateral right now because the registration is due soon. They never told me about this requirement beforehand! Since I have to get some smog work done before I can renew my registration, there was also no way to correct that problem in the near future. So that took away one of my loan options. So much for that Chicago trip! If you are looking to get a vehicle title loan through them, make sure your registration does not expire within the next 60 days.

    Another reason I knocked off a star from them is that they kept trying the hard sell with me on the credit insurance. In fact they offer four or five different types of loan insurance, but I had already told him before I came in that I didn't want any of the insurance, so I just cut him off when he tried to pitch them to me again. Thank goodness for the reviews on this site, or I probably wouldn't even have noticed that they were going to automatically add insurance (which is apparently their standard practice).

    Another reason why I downgraded them by a star was this practice they have of trying to pay the consolidation bills directly. They didn't ask for all of my individual medical bills, but they did want to pay the payday loan place directly. I understand why they do that (they want to make sure you are not increasing your debt load with this loan), but sometimes that just isn't an option. Since the payday loan place directly debits my bank account for payments, and I never receive a statement with an option for mail-in payments, I had no idea how to go about repaying it with a check from Springleaf. I had to explain that and bring in some web page printouts to show him how that loan works, and assure him that the first thing I would pay off would be that payday loan.

    The final reason that I knocked off a star is the interest rate. I understand that a loan place like this is going to charge high interest. Part of the reason is that they have a corner on the market for bad credit loans, and part of the reason is that they need to cover the attrition of the inevitible number of these high risk loans that are going to default. They are charging me 34.99%. That is higher than any of my credit cards, but it is still a better rate than the 157% the payday loan place was charging.

    Overall, I am happy. I was previously paying $400 a month for that high interest loan and I had no idea how I was going to address this stack of medical bills. Now I will be paying $151 a month and the medical bills and payday loan place will be history. With any luck, I will even have some extra money to pay this loan off sooner. I didn't get as much money as I originally wanted, but they did take some big burdens off my shoulders.

    Read More

    davej323's review was:    


    Most Helpful Critical Review

    Needed a Loan
    Helpful to 236 out of 257 people

    I went here because my credit score is below 600 (560), but all my current accounts (CC's, Car, Revoling, etc) has been in excellent condition for over 5 years.  Credit Score down due to old accounts during bad times.

    Yes the interest is high...but I'm considered a risk in this day and age with a sub 600 credit score. 

    I needed to fix my car and bill was $3500 and i didn't have it.  In 1 day I had a check without any colateral and my car is on the road.  I don't plan to pay the term but pay off in 6-12 months which will delete most of the high interest.

    All in all there is a need for companies like these when Banks and Conventional loan companies won't touch you.  The key is to always make your payments and pay as much extra each month as you can..

    Read More

    Reviews (854)

    Thankfully affordable payments!
    Helpful to 1 out of 2 people

    We had just signed a lease on a new home when one of our vehicles (the nicest of the 3) was totalled, then another blew a brake line. Our savings were depleated and we were stuck. Springleaf pre-approved us within a day (Credit score of 584) and I left with check in hand for $2000. The payments are only $98/ month which is completely managable for me. The interest rate is not much different than a credit card, and in some cases it's less! The also have an online portal which makes paying a snap. The portal could use some work but it does what it needs to.

    Read More
    This helped get me the quick funds!
    Helpful to 2 out of 2 people

    This product helped get me the quick funds I needed to at that moment for emergencies. I was able to cash the check right away without question from my financial institution. I would highly reccomend this product to friends, family, and co workers!

    Read More
    Good company
    Helpful to 1 out of 3 people

       I have been with Springleaf for a little over a year, this company has been very professional but friendly & helpful.  I would & have recomended them to friends & family. I even went back & borrowed money for a much needed home repair, a couple months ago. Springleaf has been a great resource especially for my credit score being very bad when I started. I work constantly & pay many of my bills on auto-pay, that keeps things on track better for me. My credit score is improving slowly with on time payments.

    Read More
    Helpful to 2 out of 3 people

    great people to deal with and they were able to help me rebuild my credit when others werent.  I am very grateful for them

    Read More
    Great, easy, and clearly defined!
    Helpful to 1 out of 3 people

    I had excellent customer service, as well as flexible options. I would recommend this to anyone.

    Read More
    Quick & easy, with a friendly staff
    Helpful to 3 out of 4 people

    My objective was to consolidate all of my credit card and other debits into one monthly payment.  Was approved with less than good credit and can start rebuilding my credit once loan is paid down some and credit cards are left to cool off :)

    Read More
    Helpful and precise.
    Helpful to 3 out of 4 people

    Everyone was proffestional, made me feel welcomed and comfortable. Great place to get a loan for whatever reason that may be. 

    Read More

    cfitzpatrick3's review was:    

    Write A Reply |
    Helpful to 2 out of 2 people


    Read More
    A easy loan for vacation
    Helpful to 1 out of 1 people

    They gave me a loan when my own bank would not

    Read More
    Friendly, knowledgeable and very helpful
    Helpful to 2 out of 3 people

    I will definitely be using this Springleaf Financial in the future.

    Read More

    Add Your Review Of Springleaf Financial Personal Loans

    Rate this product

    Rate your application experience (Optional)

    Application Process

    Customer Service

    What is your experience with this product?

    I Have It

    I Used To Have It

    I Applied For It

    Write your review:

    Profile Image
    Post as Member

    Company Overview

    Founded in 1920, Springleaf Financial Services provides personal loans for a variety of purposes including bill consolidation, home improvements, college tuition as well as unexpected expenses. Consumers can begin the application process online and then visit one of Springleaf’s convenient branch locations throughout 25 states in order to complete the application and receive their funds. Customer service is available online, by phone or in branch locations.

    **Annual Percentage Rates, terms of loan, and monthly payments presented are estimated and were created based upon information entered by the consumer and through analysis of information publicly available at lender websites. 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 7% to 30%) 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, credit usage and history. All loans are subject to credit review and approval. When evaluating offers, please review the lender’s Terms and Conditions for additional details.