Aspen Financial Direct
|Basic requirement to get the loan|
AL, CA, DC, DE, ID, IL, MH, MS, MO, NM, ND, RI, SC, TX, UT, WI
|APR up to||275%|
|Time to money||Next business day|
|Funding Method||Bank account|
Aspen Financial Direct Loans – Borrow Manageable Loans
Are you looking for a personal loan with affordable installment amounts? Do you need this loan by the next business day? Are your scores low, and you’re worried that you may not find a loan at all?
Aspen Financial Services might be the ideal lender based on your profile. They are all about ensuring that loans offered through their platform don’t strain borrowers. You’ll get a loan matched to your income. What’s more, Aspen Finance company will ensure that your monthly or biweekly payments are affordable and manageable.
Aspen Financial Loan Review
The company was recently founded in 2018. They are currently based in Dallas, TX and serve 12 states. If your state is not currently covered at the moment, you’ll just have to check at a future date.
You can apply for their loans even if you have poor or bad credit. Filling out their loan form is easy, and you can even do it on your mobile phone or computer. They approve most applicants because of their less strict underwriting criteria. You might not even submit any documents.
How Much Cash Can I Access from This Lender?
Generally, you can borrow from $500 – $5,000. But your state of residence may play a part in the amount that’s accessible to you. It will also influence Aspen Financial interest rates.
For instance, in Alabama, customers can borrow $2,000 to $5,000 for 18 to 24 months at an annual percentage rate of 112% to 150%. In Utah, the least you can borrow is $500 with the max amount set at $5,000. The APR ranges from 112% to 275%. In Mississippi, their APR ranges from 150% to 275%.
What’s the Standard Loan Term for Aspen Financial direct loans?
Borrowers have 12 to 24 months (1 to 2 years) to repay the principal amount and interest through fixed installments.
What Have Customers Said about Aspen?
Trustpilot is the place to find an Aspen Financial loan review from a prior customer. Most borrowers who have left reviews on this website have shown satisfaction with the service they obtained. For instance, out of 1,500 reviews, 77% are excellent, 5-star ratings.
“Easy and efficient” is a common phrase you’ll come across as you scroll through their user reviews. Some customers have also appreciated that the rates are not too high. Similar lenders offering loans to people with poor credit often have APRs of 300% and above. A customer noted that they indeed received cash on the next business day as promised.
Aspen Financial Review: Advantages
- Next business day funding
You qualify to get your funds by the next business day if your loan is approved before 6:00 PM Eastern Time. The lender uses ACH payments to deposit the funds directly to your bank account. Aspen also offers paper checks, but they are slow, taking 8-10 days to arrive via UPS.
- Get instant decisions
After submitting your loan application form, you’ll know if you have been approved in several minutes.
- Online portal
Aspen customers enjoy the convenience of logging into their accounts to see upcoming payment dates, account details, etc.
- Refinancing at a higher amount
Keep making on-time payments once you receive your loan, and you’ll be eligible for refinancing. The company will let you take out a new loan, often at a higher amount, to clear an existing loan balance.
- Clear terms
Aspen provides clear information on their fees, conditions, requirements, and more. Don’t get nasty surprises in the form of hidden costs when you apply with shoddy lenders.
- No prepayment penalties
If your loan has a term of 24 months but you don’t want to continue making the monthly payments, you’ll have the chance to clear it off. You are not going to incur extra charges when you do this.
- Electronic debits
Funds are deducted from your account on the loan’s due dates. You’ll get to save time and avoid missed payments or late fees.
Is Aspen Financial Direct Legit?
The company is legit, and they offer loans to customers online. They also handle complaints raised by customers on sites like BBB.org. You can also see their various state licenses by checking out their “Rates and terms” page. No Aspen Financial login is required. Note that this is not the same service as the Aspen Financial Security Program also called the Aspen FSP.
Get started by navigating to their website, and click the “Apply now” button to start your loan process.