Personify Financial Personal Loan Review

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Updated on Monday, July 1, 2019



Credit Req.

Not specified


6 to 48


Origination Fee

0.00% - 5.00%


on LendingTree’s secure website

Personify Financial personal loan details

Fees and penalties

  • Terms: 6 to 48 months (dependent on state of residence)
  • APR Range: 35.00% to 179.99%
  • Loan amounts: $500 to $10,000
  • Time to funding: One to two business days after you submit your signed paperwork for final loan approval.
  • Hard pull/soft pull: Initially, Personify Financial will do a soft pull on your credit to show you loan offers. This will not affect your credit score. When you officially apply for a loan, a hard pull will be performed, which does have the potential to negatively impact your credit.
  • Origination fee: 0.00% - 5.00% (dependent on state of residence), added to the amount you receive
  • Prepayment fee: None
  • Late payment fee: May be charged if you don’t make your payments on time.
  • Other fees: A non-sufficient funds fee may be charged if you don’t have enough money in your account when the payment is collected.

Eligibility requirements

  • Minimum credit score: Not specified.
  • Minimum credit history: Not specified.
  • Maximum debt-to-income ratio: Not specified.

Personify Financial doesn’t offer a lot of details on its eligibility requirements. However, residents of the following 31 states can apply:

  • Alaska
  • Alabama
  • Arizona
  • California
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • Nebraska
  • New Mexico
  • Ohio
  • Oklahoma
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Washington

Regardless of which state you live in, you must have a valid checking account in order to qualify for a Personify Financial personal loan.

Applying for a personal loan from Personify Financial

The only way to apply for a Personify Financial personal loan is to use their online application. You will be asked for your name, email, address, date of birth, and potentially a government-issued ID or other paperwork that will verify your identity.

After you provide your information, Personify Financial will do a soft pull on your credit to determine your loan offers. This will not affect your credit score. In addition to providing you with the terms and interest rates for which you qualify, you’ll also have the option of paying once per month, twice per month or every other week. Depending on your state of residence, these offers will either be through Personify Financial directly or through its partner, First Electronic Bank.

If you decide you want to follow through and actually apply, Personify Financial will do a hard pull on your credit, which does have the potential to lower your score, but that’s a part of applying for any debt. The approval process can be quick, but you may be required to provide additional documentation. The faster you provide this documentation, the faster your application will be processed.

If you are approved, you’ll have to sign the final loan paperwork. After it’s submitted, you should have your money within one to two business days.

Pros and cons of a Personify Financial personal loan



  • No prepayment penalty. With no prepayment penalties, you can pay off your loan at a faster clip without incurring additional charges.
  • Flexible credit requirements. If you have bad credit, you still have a chance of getting approved for a Personify Financial personal loan. The tradeoff to this is that you’ll likely end up paying far higher rates than you would elsewhere. If you have good credit, shop around — you may find lower rates elsewhere.
  • Choice of payment schedules. Depending on the loan offers you receive, you will have the option of paying once per month, twice per month or every two weeks.
  • High interest rates. Because Personify Financial loans to those with bad credit, its interest rates are extremely high.

Who’s the best fit for a Personify Financial personal loan?

If you have a good credit score, Personify Financial is not for you. You’ll be able to find better interest rates with other lenders.

Personify Financial consumer reviews

Personify Financial currently has a BBB rating of A+. On LendingTree, which owns MagnifyMoney, consumer reviews of this lending agency are rather lukewarm at a rating of 3.5. While some clients praise it for a “fast application and approval process,” others refer to the process as “a nightmare from beginning to end.” Common glitches seem to affect the website and the billing system, while human errors from staff lead to unnecessary confusion and delays.

But one satisfied client stated, “Y’all have a good reliable company and employees,” and gave Personify Financial 5 stars without any further explanation.

Another client who awarded the lender 4 stars had mixed feelings and elaborated on their experience as follows: “I was confused by the whole thing. I uploaded all the required papers and the next day got a call from one of their reps who I could barely understand. He insisted that the federal letters from SS and the VA were unacceptable forms of income proof. He said if I had no tax returns or paystubs I did not qualify. (I am retired.)”

Before working with any lender, be sure to carefully reviews reviews from current and previous borrowers. These reviews can give you a glimpse into what your experience may be like.

Personify Financial FAQ

Personify Financial offers personal loans between 6 to 48 months in duration, with biweekly, semimonthly or monthly payment schedules.

If approved, you can borrow between $500 and $10,000, depending on multiple factors.

You can apply online from any computer, smartphone, or tablet.

In some states, Personify Financial charges an origination fee worth 5″% of the total loan amount you receive, as well as non-sufficient funds and late fees when applicable.

Once approved, you can receive funds within 24 to 48 hours, excluding weekends and holidays.

You can make payments via electronic funds transfer or a remotely created check; your checking or savings account; a debit card via an automated phone system; or via a personal check for military and their dependents.

If you miss a payment, your credit rating could take a hit; call a Personify Financial specialist at 888-578-9546 to discuss your options.

Alternative personal loan options

Affinity Federal Credit Union

Affinity Federal Credit Union

As low as 9.75%

Credit Req.


Minimum Credit Score


Up to 60


Origination Fee

No origination fee


on Affinity Federal Credit Union’s secure website

Affinity Federal Credit Union offers personal loans that come with no origination fees, no prepayment penalties, and low fixed rates. ... Read More

A good place to start your search is credit unions, as they tend to offer lower interest rates. One such credit union is Affinity Federal Credit Union. Its minimum required credit score is 525, and APRs on personal loans start at 9.75%.




Credit Req.


Minimum Credit Score


24 to 48


Origination Fee

0.00% - 6.00%


on LendingTree’s secure website

LendingPoint is an online lender that targets borrowers with fair credit, and allows borrowing up to $25,000.... Read More

LendingPoint offers personal loans at rates of 9.99% to 35.99% — drastically lower than Personify Financial. However, you will have to have a halfway decent credit score in order to qualify.

Finova Financial

Finova Financial


Credit Req.



12 to 24


Origination Fee

Varies by state


on LendingTree’s secure website

Advertiser Disclosure

Terms and Conditions Apply. FINOVA RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet Finova's underwriting requirements. A borrower cannot be an active-duty service member of the U.S. Armed Forces (or a covered dependent under the Military Lending Act). Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and terms are subject to change at any time without notice and are subject to state restrictions. To check the rates and terms you qualify for, Finova conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull. Finova is an equal opportunity lender.

Another option is looking at secured loans. Many times this involves putting your car or another valuable item up for collateral. You have to be careful, though. Interest rates on auto title loans — where you put your car up as collateral — can be terribly high. If this is your only option, look to a lender like Finova Financial, which caps its interest rates at a comparatively low 30.00%.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

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