A very nice thing about Achieve is that it doesn’t have harsh requirements and that almost anyone can apply for and obtain a personal loan. This online lender is available in 39 states and customers who choose Achieve can benefit from funding in as little as 2 days. In this Achieve personal loan review, 
we will find out more about what this lender offers.
Services and Fees
- Services - Personal loans for all kinds of uses (home and medical expenses, holidays, debt consolidation, etc.)
- Prepayment fee - No prepayment fee
- Origination fee - From 1.99% to 6.99% of the borrowed amount
- Loan terms - 24 to 60 months
- Minimum required credit score - 620
- Loan amounts - Starting at $7,500 until $50,000
- APR Rates - From 7.99% to 29.99%
How to Apply
A very interesting fact about Achieve is that it offers clients the opportunity to prequalify for a loan. In order to do that, you will only have to fill out the answers to some basic questions. This will allow you to see exactly which personal loans you can qualify for. Your credit score will not be affected by this phase either.
Once you have decided on a loan, you will have to complete the application form and wait for a few minutes until it’s processed and, if you qualify, you may be accepted. Next, you will be asked to provide certain documentation so the company can verify you. Lastly, you will receive your contract which you will need to sign virtually.
Requirements
According to Achieve, in order to be able to apply for a personal loan, your minimum required credit score should be 620. However, keep in mind that a higher credit score means better rates and benefits on your loan. Other requirements include a debt-to-income ratio of at least 45% and a minimum of three years of credit history. You will also not be accepted for a loan if you have filed for bankruptcy within the past two years.
Privacy and Security
The overall feeling about Achieve is that it’s a safe and secure online loan lender that doesn’t have a negative reputation at all. Most online reviews from former and current clients are positive. The Better Business Bureau has given it an A+ rating and TrustPilot has given it an excellent one with 4.9 stars out of five. The Achieve platform has also received praise for how easily accessible it is and for the fact that it uses safety protocols that are current and required by the industry.
Highlights
A highlight of Achieve is the fact that it offers rate discounts to its clients. For example, if you bring a co-borrower, you will diminish your rate by 6%. If you pick to pay directly through their direct pay feature, you will also benefit from a discount. Last but not least, if you keep at least $25,000 in your retirement savings account, you will get a rate discount. It’s also important to know that the minimum required amount in the state of Arizona is $10,500 even if for all the other states is $7,500, which is still higher than the industry average.
Services
Achieve offer a wide range of personal loans that can be used for all kinds of purposes like home and medical expenses, holiday expenses, debt consolidation, etc.
Help and Support
The best way in which you can benefit from client support at Achieve is to call one of the phone numbers displayed on the official website. The staff is available Monday to Thursday from 6 AM to 8 PM MST, on Friday from 6 AM to 7 PM MST, and during the weekends from 7 AM to 4 PM MST. You can also send them snail mail at the PO box mentioned below.
Summary
To wrap it all up, Achieve represents a very good idea if you are in need of a personal loan with fast funding that you can also obtain easily. The good news is that you can use your borrowed amount for all kinds of purposes. The bad news is that if you live in certain states, you will not get access to these loans. There are some ups and downs with this lender, the most important disadvantage being its origination fee and the high amount that you need to borrow.
Physical Address
2114 E Freedom Way
Tempe, AZ 85281
PO Box 2340
Phoenix, AZ 85002-2340
Disclaimers
* Achieve Limited Offer Terms and Conditions
The financial solutions for which you will be evaluated are offered by service providers with which we are affiliated and/or compensated by who participates on our website. Terms and conditions apply to each, and not all are available in every state.
Personal loans are available through our affiliate Achieve Asset Management, LLC d/b/a Achieve (NMLS ID #227977), originated by Cross River Bank, a New Jersey State Chartered Commercial Bank or MetaBank®, N.A., Members FDIC, Equal Housing Lenders and may not be available in all states. All loan and rate terms are subject to state law requirements, eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, credit usage and history. Loan amounts range from $7,500 to $50,000, vary by state and are offered based on underwriting conditions. Achieve does not arrange loans in Arizona under $10,500. For Example, a four-year $20,000 loan with an interest rate of 15.49% and corresponding APR of 18.34% would have an estimated monthly payment of $561.60 and a total cost payable of $7,948.13.
*To qualify for a 7.99% APR loan, a borrower will need excellent credit for loan amounts less than $12,000.00, with a term equal to 24 months. Loan origination fees vary from 1.99%to 4.99%, though most loans will have a loan origination fee of 6.99%. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to directly pay off qualifying existing debt; or showing proof of sufficient retirement savings, could help you also qualify for the lowest rates available.
† Funding time periods are estimates and can vary for each loan request Same day approvals assume a completed application with all required supporting documentation is submitted early enough on a day that our offices are open. Achieve hours are Monday-Thursday 6am-8pm MST, Friday 6am-7pm MST, and Saturday-Sunday 7am-4pm MST.
