Achieve Personal Loans Review for 2024

If you’re in the market for a personal loan, it’s essential to research and compare different lenders to find the best fit for your financial needs.


In this review, we will discuss Achieve, formerly FreedomPlus. Achieve is a popular online lender offering various personal loan products to suit a wide range of borrowers. This comprehensive review will help you determine if an Achieve personal loan is the right choice for you.

Achieve Overview

Achieve Personal Loans is an online lender that specializes in offering flexible personal loan options to consumers. With a mission to provide affordable, transparent loans and a commitment to customer service, Achieve personal has become a popular choice for borrowers seeking competitive interest rates and a user-friendly platform.

Achieve Loan Offerings

Achieve Personal Loans provides a variety of personal loan options to suit different financial needs. These include:

Unsecured loans

Unsecured personal loans do not require any collateral, making them a popular option for borrowers looking for quick funding without putting their assets at risk.

Secured loans

Secured personal loans require the borrower to provide collateral, such as a car or property, which can result in lower interest rates and higher loan amounts.

Debt consolidation loans

Debt consolidation loans are designed to help borrowers consolidate high-interest credit card debt and other existing debt into a single, more manageable monthly payment.

Home improvement loans

Home improvement loans can be used to finance renovations, repairs, or other home improvement projects.

Loan Amounts and Terms

Achieve personal loans offer loan amounts generally ranging from $1,000 to $50,000, with repayment periods that typically range from 24 to 60 months. Minimum loan amounts may vary by state, and some states have a high minimum loan amount, which might not suit borrowers seeking smaller loans.

Interest Rates and Fees

Achieve Personal Loans is known for its competitive rates, which are determined based on the borrower’s creditworthiness, loan term, and loan amount. Achieve Personal Loans advertises APRs ranging from 6.99% to 24.99%. Keep in mind that the lowest rates are reserved for borrowers with excellent credit and a low debt-to-income ratio.

Annual Percentage Rate (APR)

The APR represents the total cost of borrowing, including interest and fees. Achieve Personal Loans’ APRs are competitive in the market, making them an attractive option for borrowers seeking affordable financing.

Origination fees

Achieve Personal Loans charges an origination fee, which is deducted from the loan proceeds before disbursement. Loan origination fees vary depending on the borrower’s creditworthiness and loan term, typically ranging from 1% to 6% of the loan amount.

Late payment fees

If a borrower misses a monthly payment, Achieve personal may charge a late payment fee. It’s essential to review the loan agreement for details on late payment fees and potential consequences.

Prepayment penalties

Achieve Personal Loans does not charge prepayment fees, allowing borrowers to pay off their loans early without incurring additional charges.

Borrower Eligibility

To qualify for an Achieve personal loan, borrowers must meet certain eligibility criteria, including:

Credit score requirements

Achieve Personal Loans typically requires a minimum credit score of 640. However, borrowers with higher credit scores are more likely to qualify for lower interest rates and better loan terms.

Employment and income verification

Borrowers must provide proof of stable employment and sufficient income to cover the loan payments. This may include pay stubs, bank statements, or tax returns.

Debt-to-income ratio requirements

Achieve Personal Loans considers the borrower’s debt-to-income ratio when determining eligibility. Borrowers with a lower debt-to-income ratio are more likely to qualify for better loan terms.

Other eligibility factors

Borrowers must be at least 18 years old (19 in some states) and a U.S. citizen or permanent resident to qualify for an achieve personal loan. They must also have a verifiable bank account, as loan funds are disbursed electronically.

Application Process

The application process for achieve personal loans is straightforward and can be completed online. The steps involved include:

Online application

Borrowers can complete the online application form, which requires information such as personal details, income, employment, and loan purpose.

Required documentation

Applicants may be asked to provide supporting documents such as pay stubs, bank statements, or tax returns to verify their income and employment.

Approval timeline

Achieve Personal Loans usually provides a decision within a few business days. Once approved, the loan funds are typically disbursed within 1-3 business days.

Loan disbursement process

Loan proceeds are directly deposited into the borrower’s bank account. Keep in mind that the loan origination fee will be deducted from the loan amount before disbursement.

Customer Support and Resources

Achieve Personal Loans is committed to providing excellent customer support and resources for its borrowers. Available options include:

Phone support

Borrowers can reach achieve personal loans consultants via phone to address their questions and concerns.

Email support

Customers can also contact achieve personal loans consultants via email for assistance.

Live chat

A live chat feature is available on the Achieve website, offering real-time support from loan consultants.

Online resources

Achieve Personal Loans provides a comprehensive FAQ section, blog, and educational materials on their website to help borrowers make informed decisions. Additionally, they offer calculators and tools to estimate monthly payments and potential interest savings.

Pros and Cons of Achieve Personal Loans


  • Flexible loan options: Achieve Personal Loans offers a variety of personal loan products to suit different financial needs.
  • Interest rates: Borrowers with good credit can benefit from Achieve personal loans’ competitive rates.
  • Transparency in fees: Achieve Personal Loans clearly discloses its fees, allowing borrowers to make informed decisions.
  • User-friendly online platform: The online application process is simple and convenient.


  • Limited availability for borrowers with low credit scores: Achieve Personal Loans typically requires a minimum credit score of 640, which may exclude some borrowers.
  • Potentially higher origination fees: The origination fee can range from 1% to 6%, depending on the borrower’s creditworthiness and loan term.
  • Lack of physical branches for in-person assistance: Achieve Personal Loans operates exclusively online, which may be a drawback for borrowers who prefer in-person support.

Comparing Achieve Personal Loans with Competitors

When considering Achieve personal loans, it’s essential to compare them with other personal loan lenders to ensure you’re getting the best deal. Top alternatives include LendingClub, SoFi, and Prosper. Key differences among these lenders include interest rates, fees, loan terms, and eligibility requirements.


Achieve Personal Loans offers a range of personal loan products with competitive interest rates and flexible repayment terms. While the lender may not be suitable for borrowers with low credit scores or those seeking smaller loans, Achieve personal loans can be a great option for those with good credit and a stable financial situation.

Before making a decision, be sure to compare Achieve personal loans with other lenders and review the loan agreement carefully to understand the terms and conditions. Remember that personal financial situations may vary, and it’s always a good idea to seek professional advice before committing to a loan.

Get started with Achieve on Achieve’s secure website

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Meet the author

Crediful is your go-to destination for all things related to personal finance. We're dedicated to helping you achieve financial freedom and make informed financial decisions. Our team of financial experts and enthusiasts brings you articles and resources on topics like budgeting, credit, saving, investing, and more.