Eagle Financial Personal Loan Review: Accessible Solutions for Bad Credit Borrowers
I know you are still looking for the best loan Scheme. I am here to solve the problem. Yes, I will provide the reviews on the Eagle financial loan, like why we applied and avoided that, the process, fees, and so on, so let’s do it.
Pros
Cons
What you need to know about an Eagle Financial personal loan
Eagle Financial Loan started in 1994 and is located in Indiana, Kentucky, and Ohio. United-based companies provide small personal loans, SBA loans, business loans, real estate loans, and many more in the US.
The company is attractive for small personal loans and also provides loans to those who have bad credit.
The loan range is from $1000 to $10000, with competitive repayment terms that are from 8 to 24 months. On the other hand, for business, the company provides a $500000 loan, and the term is as competitive as for real estate.
The borrowers who have bad credit may not qualify for it in some cases. It’s up to the company, but they have a more positive ratio.
Not transparent about rates and fees
Eagle Financial company does not mention its fees and rates officially on the website. The company doesn`t want to reveal its rates and fees. The fees only show in the cases when you apply for the loan.
Compared to other loan programs, the rates and fees may be higher. So I can give the idea of interest rate and fees which the borrow faces who apply for the loan.
The interest rate is from 5.99% to 35.99% APR, depending on the amount or product.
Origination fees are from 1-6%, late fees the company charges 25$ or depend on the monthly payment. And there are no prepayment fees. Sounds good.
May have to put up collateral
In case you have a bad credit score, Eagle Financial Company may require the collateral. This can be your expensive things like your car, your house, or anything, depending on the loan company.
so it may be a risky case if you are not able to repay the loan on time, the company may take your expensive things which you give as collateral. so before applying, read all the terms and conditions.
Must complete the application process in person
You can apply for a loan online or offline. First, you need to fill out the prequalification form with your basic information. If you are prequalified, the company offers you the loan amount and terms.
You need to select the best one for you and next fill out the application form with your personal and business details. It would help if you visited the office after completing the application to confirm your documents.
If you approve, you need to e-sign the terms and conditions. The Eagle Financial Company transferred the loan amount into your account within 1 to 2 working days.
Is Eagle Financial Legit?
Eagle Financial is a real company. Let me give you a few reasons. You can also predict yes the program is real. As the first authorized lender, SBA regulates Eagle Financial, which provides small business loans.
Second is a positive BBB rating means the company has a positive A+ rating
Member of the ALPFA,
They are the member of ALPFA which stands for American League of Financial Advisors.
Since 1994, there have been no major regulatory issues or lawsuits in this business, a good sign.
So after that anyone can recognize the program is real.
Who is an Eagle Financial loan good for?
It is risky to apply for a loan with Eagle Financial Company because the interest rates and fees are not clear in this scheme. You only see the charges when you apply with your credit score, and it may affect your credit score.
We always guide the customer to online lenders who have clear upfront fees. With an Eagle Financial loan, you may not qualify if you have poor credit because the company is not clear about approving 100% of those with bad credit.
If you decide to apply for a loan through Eagle Financial Company, make sure you can manage the installments and fees. Carefully read all the terms and conditions. If not, there are many other alternatives with the best interest rates and fees, including short personal loans.
Eagle Financial Reviews: What Past Borrowers Say
After searching on the internet, different people gave different reviews. First, positive reviews: it’s fast funding, easy application process, and fast and responsive customer services. Most of the positive reviews describe that they are approved with bad credit.
Negative reviews: as I describe most people give a negative review on the upfront fees and its high APR.
Overall, if I give a number of Eagle financial reviews, 3/5 of average people give positive reviews.
Eagle Financial Reviews FAQs:
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