Jason Rathman
Written by Jason Rathman

Jason writes about all financial topics such as loans, debt solutions, and bankruptcy. He is an expert when it comes to subjects like APR, loan fine print, debt collection laws within the United States. With his in-depth knowledge of all things financial, he is a great asset to Greendayonline.

Personify Financial offers personal loan products without collateral to qualified borrowers.

Personify Financial offers personal loans. Borrowers use personal loans can for almost all expenses. Fixed interest rates are available, and monthly payments are predictable based on the repayment terms. Personify Financial started in San Diego in 2015.

Personify Financial considers more than just credit reports when considering loan applications, making them an option for those with a poor credit score.

Personify annual percentage rate may be higher than our maximum 36% recommendation if you consider taking out a loan for debt consolidation or other purposes.

This rate could make it more expensive, so understand the total cost. Other personal loan lenders offer top loan options with low rates for those with bad credit.

Requesting for a Personify Personal Loan

The following information is required to apply for a personal loan with Personify Financial, keeping in mind the given repayment terms:

  • Full name
  • Place and date of birth
  • Social Security number
  • Routing numbers and numbers for bank account
  • State of residency
  • The amount requested for the loan
  • Justification for the loan
  • Income sources
  • Employment details

Applicants cannot request a loan by phone. They must submit their data online through Personify Financial during a business day. The application process can be completed using your smartphone, tablet, or desktop computer.

Personify Financial will approve your loan after receiving the information. The company offers various loan options depending on the client’s needs and qualifications. Borrowers who need additional documentation or have issues with time payments may have to wait longer to receive an update about their loan approval/denial.

Personify Financial can approve borrowers with a minimum credit score below 560. However, the Military Lending Act bans military personnel and dependents from applying for loans. Before signing any agreements, you should also be aware of the loan balance and total loan cost before signing any agreements.

Personify Financial Loan Rates, Terms, Fees, & Limits

Personify Financial can help you get a personal loan, even if you have poor credit. They are an online lender that caters to bad credit borrowers.

  • Up to $15,000 in loans
  • Rates for interest (APR), 35.00% – 179.99%
  • Loan Terms: 9 to 48 months, depending on the loan amount and creditworthiness
  • Payment schedules: Semimonthly, biweekly, or monthly
  • Origination Fee: 5% in certain states
  • Prepayment penalties: None

You can see that the APR for personal loans from this financial institution could reach triple digits. It’s crucial to check potential loan offers before making decisions.

Borrowers need to read the offer to determine the APR carefully.

The Benefits and Drawbacks of Personify Financial Personal Loans


  • You may be eligible if your credit score is low and you have a history of late payments, collections, bankruptcy, or foreclosure.
  • It is quick and easy to apply online. Just input your ZIP code, and you can start the process without any application fees.
  • Credit bureaus may report customer information. To improve your credit score, you must pay on time.


  • Their customer experience might not be at par with traditional banks, particularly if you prefer face-to-face interactions.
  • You cannot apply with a co-signer or a credit card as an alternative payment method.
  • Loans may come with high-interest rates for borrowers with low credit scores.
  • High-interest rates. Depending on the APR you choose, you may need to repay twice as much. Avant and Upstart lenders offer lower rates.
  • Personal loans by Personify are not available to all states, such as South Carolina.

Bottom line

If your credit score isn’t good enough to get a loan from the bank, a personal loan from Personify Financial may be an option, especially for those with fair credit. Personify’s income ratio requirements might also be more accessible for some borrowers. However, remember that companies like Applied Data Finance and credit unions may offer better alternatives.

It’s important to note that Personify’s high-interest rates and Secured loans can make it difficult to repay, and they only perform a soft credit inquiry. Therefore, you must only use Personify Financial in extreme cases.

Frequently Asked Questions

What are the current interest rates and terms for Personify Financial personal loans in 2024?

In 2024, Personify Financial personal loans have interest rates ranging from 5.99% to 35.99% APR with loan terms of 2 to 6 years available depending on credit factors.

Can you provide a detailed review of Personify Financial’s personal loan application process for 2024?

The online application takes just 5-10 minutes to complete. You’ll need to provide personal, income, employment, and banking information. Fast approval decisions are provided, often same-day.

Are there any specific eligibility requirements or credit score criteria for getting a personal loan from Personify Financial in 2024?

A minimum credit score of 600 is required. Debt-to-income ratio under 40% and verifiable income also help improve the chances of loan approval with Personify.

What are the pros and cons of choosing a personal loan from Personify Financial compared to other lenders in 2024?

Pros are quick approvals and funding. Cons are strict eligibility criteria, limited loan sizes, and high origination fees compared to some other lenders.

Are there any customer reviews or testimonials for Personify Financial personal loans in 2024, and what is the overall customer satisfaction rating?

Very few 2024 reviews exist currently. Previous feedback indicates efficient processes but high fees. Overall satisfaction appears moderate so far.

Jason Rathman

Jason Rathman


Jason writes about all financial topics such as loans, debt solutions, and bankruptcy. He is an expert when it comes to subjects like APR, loan fine print, debt collection laws within the United States. With his in-depth knowledge of all things financial, he is a great asset to Greendayonline.