Splash Financial Personal Loans Review 2022 • Benzinga

Splash Financial Personal Loan Ratings at a Glance

Splash Financial prides itself on a fast and transparent personal loan process. Members can register, enter their information and automatically check the interest rates they are entitled to without having to draw credit.

When qualified borrowers find the offers they prefer, they can complete a full application that will create strong credit demand. Borrowers receive offers from several lenders that they can compare and choose the best solution. They can choose the amount of financing they want, up to the approved amount, and never have to worry about prepayment penalties.

Funding is fast. Once approved, funds can be directly deposited the next business day. Payment is also simplified with a single, manageable payment per month.

Splash Financial has plenty of customer support options for its users – it even publishes its address. You can call, email or opt for live chat on the website. Splash Financial also runs a social media page and a dedicated FAQ page. Although live customer service is not available 24/7, Splash is available by phone from 9am to 9pm EST Monday through Friday.

Splash Financial lenders do not charge prepayment penalties, but some lenders charge origination fees which will be disclosed prior to loan finalization. The actual interest rates and terms you qualify for will largely depend on your credit score, income level, and other financial parameters.

Splash Financial offers many benefits to users. Most importantly, the platform allows borrowers to receive multiple offers simultaneously, making it easy to compare rates and terms to find the best fit.

Easy Application: Splash’s site and application process is quick and easy. Users can quickly check the interest rates they qualify for and can often get their applications approved the same day.

Rates on the site: Interest rates and loan offers are compiled in one place, so there is no need to apply to several different lenders to receive several offers.

Smart Interface: Splash Financial has a streamlined and intuitive interface that makes it easy to check rates, qualify status, and select a loan product.

The Splash Financial site is easy to navigate and intuitive to use. Its product page is clear and contains information on several financing options, including student loan refinance, medical student loans, residential student loans, and personal loans.

The specific agreements that each borrower is eligible for vary according to their own financial criteria. You will need to show:

  • Good credit – 660 for most partners, some up to 580 and above
  • U.S. citizen or permanent resident

Splash Financial Personal Loan vs Competitors

Splash Financial is a solid online marketplace for personal loan funding and debt refinancing. But it is not the only such platform. Here’s how Splash Financial compares to its competitors.

  • securely through the Splash Financial Personal Loans website
  • securely through the Axos Bank Personal Loan website
  • APR

    Between 5.99% and 15%; 0.25% autopay rebate

    securely through the Figure Personal Loan website
  • APR

    7.99% – 23.43% Fixed (with all discounts)

    securely through the SoFi Personal Loans website

    The fixed rates of 7.99% APR to 23.43% APR APR reflect the 0.25% automatic payment discount and a 0.25% direct deposit discount. SoFi rate ranges are effective as of 8/22/22 and are subject to change without notice. Not all rates and amounts are available in all states. See personal loan eligibility details. Not all applicants qualify for the lowest rate. The lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates shown above and will depend on a variety of factors including your credit rating, income and other factors. See APR examples and terms. The SoFi 0.25% AutoPay Interest Rate Reduction requires you to agree to make monthly principal and interest payments by automatic monthly debit from a savings or checking account. The benefit will cease and be forfeited during periods when you do not pay by direct debit from a savings or checking account.

Splash Financial gives borrowers the ability to compare multiple personal loan options at once. The platform is intuitive, easy to navigate and convenient. There’s no need to apply to multiple lenders at once, as Spash Financial compiles your personalized offers into a single interface.

Borrowers should expect some variation in the types of financial offers they receive due to their unique credit scores and financial criteria. A credit score usually of 660 or higher is also a requirement.

Borrowers with a history of bankruptcy are not necessarily excluded from Splash Financial. The platform offers loans to people whose last bankruptcy was at least nine years before applying.

Overall, Splash Financial is a solid choice if you’re looking to take out a personal loan or refinance existing debt. It will help you compare offers and select the one that best suits your needs.

Frequently Asked Questions

questions and answers


Who does Splash Financial work with?


Borrowers with credit scores of 580 or higher. Most customers are looking to subscribe and compare personal loan offers and different refinancing solutions.


To qualify, a borrower must be a US citizen or other eligible status and meet the lender’s underwriting requirements. The borrower is responsible for meeting applicable underwriting requirements based on the lender’s specific criteria. The lowest rates are reserved for the most qualified borrowers.

1 While funding can sometimes be 1-3 business days, funding can take up to 2 weeks.

2 To verify the rates and terms you qualify for, Splash Financial is applying for soft credit which will not affect your credit score. However, if you choose a product and continue with your application, the lender will request your complete credit report from one or more consumer reporting agencies, which is considered a difficult credit application and may affect your credit.

Splash Market loans offer rates between 4.99% and 35.97% APR. Personal loans offered through the Splash Network have origination fees of 0% to 8%, where applicable, which may be deducted from the loan proceeds.

About Judith J. George

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