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2023 Achieve Personal Loans Review

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, commissioned or otherwise endorsed by any of our network partners.

Achieve (formerly FreedomPlus) loans at a glance

Achieve logo APR:
7.99% to 29.99%
Loan Terms:
24 to 60 months
Loan Amounts:
$5,000 to $50,000
Origination Fee:
1.99% - 6.99%

Like other lenders, Achieve reviews your credit and other criteria when determining whether to offer personal loans to borrowers. The lender offers fast approval and funding — some borrowers receive same-day approval and funding within just two days.

However, Achieve personal loans have a high minimum borrowing amount. Borrowers of Achieve personal loans have the option to choose their payment date. Here are the highlights of our Achieve review:

  • Credit check: Soft Pull to see loan offers
  • Loan amounts: $5,000 ($10,500 in Arizona) to $50,000
  • Terms: 24 to 60 months
  • Origination fee: 1.99% - 6.99%
  • Time to funding: As little as 48 hours
Pros Cons
  • Receive your money quickly: Loan applications may be approved the same day and funded within 48 hours.
  • Upfront about costs: Borrowers can find a fair amount of information on costs on the lender website.
  • No hidden fees: Personal loans from Achieve have no hidden fees and no prepayment fees.
  • Choose your payment due date: Borrowers can choose their own payment date.
  • COVID-19 support: The lender offered resources and assistance during the pandemic.
  • High borrowing minimum: If you’re aiming to borrow less than $5,000, you’ll be better served elsewhere.
  • Some state-specific restrictions: Minimum loan amounts apply depending on where you live.
  • Origination fee: Some competitors don’t charge an origination fee.
  • No rate discounts: Achieve won’t reduce your APR for enrolling in automatic payments or other measures.
  • No in-person service: Like other online-only lenders, Achieve doesn’t have brick-and-mortar branches.

Achieve personal loan requirements

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

To qualify for an Achieve loan, you will have to have a credit score that meets the lender’s underwriting guidelines. You’ll also need to supply a valid ID and verify your income and bank information.

Some personal loan requirements vary by state. For example, there are some limitations on the amount you can borrow depending on where you live. For example, Achieve will not approve loans in Arizona under $10,500.

Which borrowers are the best fit for an Achieve personal loan

An Achieve personal loan is good for borrowers who have good enough credit to qualify for the most attractive APR and repayment terms and for borrowers who need access to fast approval and funding. In some cases, funds may be available within 48 hours depending on borrower qualifications.

It’s also a good option for borrowers looking to…

…if the APR you qualify for is lower than the credit cards you might otherwise use for these purposes. You should also be comfortable borrowing a minimum of $5,000 and borrowing online since there are no physical Achieve branches to visit.

What borrowers are saying in Achieve reviews

On LendingTree, Achieve reviews give high marks for the speed of the loan application process and the high levels of customer service during and after the loan process. Of 2,330-plus reviews, the overall lender rating is 4.8 out of 5 stars.

Bev from Perry, La. recommended Achieve highly when she said, “I am very pleased with how Achieve handled my recent consolidation loan. It was a very fast and courteous process. There were no surprises.”

But Carl from Memphis, Tenn. was disappointed about the APR he was approved for. “I feel I should have been given a better interest rate. I realize this is how you make money but 15.49% and an APR of 18.27% is high considering my creditworthiness; thanks anyway for the loan,” he wrote.

Applying for a personal loan from Achieve

These days, applying for a personal loan is fairly quick and straightforward because many lenders have an online application process much like Achieve does. If you choose to apply online, be prepared to provide your name, email address and a phone number where you can be reached. Once you’ve completed the online application, an Achieve loan consultant will contact you to obtain any other information required to qualify you for a loan.

If you qualify and are approved for a personal loan, you could get your money in as little as 48 hours. You will need to sign for the loan, present a valid ID and provide verification of income and bank account information.

Achieve reviews compared to competing lenders

Comparing Achieve to competitors
Achieve LightStream Old National Bank Santander Bank, N.A
APR: 7.99% to 29.99%

Loan length:
24 to 60 months

Loan amount: $5,000 to $50,000

Origination fee: 1.99% - 6.99%

Min. credit score: Varies

APR: 5.99% to 23.99%

Loan length: 24 to 144 months

Loan amount: $5,000 to $100,000

Origination fee: No origination fee

Min. credit score: Not specified

APR: 7.13% to 25.00%

Loan length: 36 to 84 months

Loan amount: $2,500 to $35,000

Origination fee: Not specified

Min. credit score: Not specified

APR: 6.99% to 24.99%

Loan length: 36 to 84 months

Loan amount: $5,000 to $50,000

Origination fee: No origination fee

Min. credit score: Not specified


LightStream offers more competitive rates than Achieve. However, neither lender specifies a minimum credit score requirement. But if you have excellent credit, LightStream may be a good option considering its flexible loan terms. No origination fee also means your LightStream loan may be cheaper than an Achieve loan.

Old National Bank

Old National Bank is a good option for borrowers with good credit. With similar terms to Achieve, Old National Bank may be a good competitor to consider. However, its loans are not available in all states. Old National Bank, formerly known as First Midwest Bank, operates in Illinois, Indiana, Iowa and Wisconsin.

The lender provides a handy branch locator tool here.

Santander Bank, N.A

Santander Bank, N.A has similar loan terms to Achieve. Further, it doesn’t charge origination fees, prepayment fees or closing costs. However, you’ll need to sign for your loan by physically visiting a local branch. To qualify for a personal loan, borrowers must live in one of the following states:

  • Connecticut
  • Delaware
  • Maine
  • Maryland
  • Massachusetts
  • New Hampshire
  • New Jersey
  • New York
  • Pennsylvania
  • Rhode Island
  • Vermont
  • Washington, D.C.

For borrowers who prefer face-to-face interactions with their lender, Santander Bank is a good alternative to Achieve.


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