Reprise Financial Review

Reprise Financial Review

Fast and easy loans with no prepayment penalties. Loans from $2,500 to $25,000 with Reprise Financial.

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Offering quick access to loans up to $25,000 that are seamless, quick, and tailored to your needs.

  • Best for – Instant loan approvals with user-friendly digital interfaces for a hassle-free experience.
  • What to watch out for – Potentially higher interest rates compared to traditional loan sources.
Table of Contents

    Features of Reprise Financial

    • Loan Amount – $2,500 to $25,000
    • Loan Term – 36 to 60 months
    • APR – 9.99% – 36%
    • Fees – up to 6% loan origination fee, and no late payment fee on the first missed payment or prepayment fees
    • Where They’re Available – Alabama, Arizona, Delaware, Georgia, Idaho, Illinois, Indiana, Louisiana, Missouri, New Hampshire, New Mexico, Oregon, South Carolina, Utah, Virginia, and Wisconsin 
    • Fast funding
    • Loans up to $25,000
    • Accepts low credit scores
    • Origination fee up to 6%
    • Hard credit check on application
    • APRs can be high compared to similar lenders

    • Requirements – Identity proof, a minimum of 18 years old, income proof, proof of insurance and pictures of the vehicle if you get a secured loan with the vehicle as collateral.
    • Acceptance – Does not accept self-employed as a primary source of income but will take it as a secondary source. Accepts welfare with other income sources and accepts people with past bankruptcies. However, you can’t be filing for bankruptcy at the time of the loan request. 
    • Loan Security – Unsecured and secured loans available
    • Fees – Up to 6% origination fee, no late payment fee on the first missed payment but $30 per missed payment after that, and no early repayment fees

    What are the benefits of Reprise Financial?

    Several benefits come with using Reprise Financial for a personal loan, and they include: 

    • Fair Credit Applicants – Unlike other lenders, Reprise Financial accepts people with poor and or fair credit, down to 520 for a personal loan. 
    • $0 Prepayment Fee – If you pay off your loan early, you won’t have to pay any additional fees. 
    • Fast Application Process – Once you complete the application and upload your documents, you can have the money in your account in as little as 24 hours.

    What to watch out for

    As with anything, there are drawbacks to working with Reprise Financial, and the biggest ones include:

    • Origination Fee – Depending on your creditworthiness and other factors, you may pay an origination fee of up to 6% on your loan. 
    • No Pre-Approval Soft Pull – Unlike other lenders, Revise Financial does a hard pull on your credit, and there is no option to see if you meet the pre-approval standards with a soft pull on your credit report. 
    • Higher APRs – The APRs start at 9.99% and go up to 36%, depending on your credit score. So, if you don’t pay it off quickly, you could pay a lot in interest. 

    Is Reprise Financial legit? 

    Yes, this legitimate lender based in Wilmington, DE, has been in business since 2012. They offer secured and unsecured loans and cater to people with a broad range of credit types. They currently have the following ratings:

    • BBB – A with 3.44/5 stars. There have been 30 complaints closed in the past three years and 26 complaints closed in the past 12 months. 
    • Trustpilot – Currently, they have 4.6/5 stars with 3,139 reviews. Of those reviews, 81% are 5-star, while 10% are 1 to 3 stars.  

    Am I eligible?

    Eligibility is relatively straightforward with Reprise Financial, and you need the following during the application process:

    • Be a U.S. citizen or resident with a U.S. address.
    • Live in a state where Reprise operates.
    • Be at least the age of majority in your state.
    • Not have more than two loans from Reprise in the past year.
    • Have employment or enough income from other sources. Note: Reprise accepts self-employed income as a secondary source only.

    How do I apply for loan with Reprise Financial?

    Applying online for a personal loan from Reprise Financial is quick and easy, even if it does require a hard credit pull. To apply, you’ll: 

    1. Go to Reprise Financial and click “start my application” to open a new window. 
    2. Fill out the application with your first and last name, phone number, address, email address, social security number, and birthday. Read the disclosures and click the checkbox next to them indicating you have done so. Click view loan offers. 
    3. If they offer you a loan, you must fill out your employment and banking information and upload the required documents. If approved, they’ll fund the loan to your bank account. You can also contact their customer service line for help at 877-505-6780.

    What Documents do I Need to Apply?

    You’ll need to submit several documents with your application to verify who you are and your income, including:

    • Identity and Age – Provide a driver’s license, state ID, or passport. For outdated addresses, include recent utility bills or bank statements for address proof.
    • Income – Submit a bank statement from the last 30 days.
    • For Vehicle-Secured Loans – Proof of insurance and photos of the vehicle’s front and back are required.

    Not Sure About Reprise Financial?

    Considering options beyond Reprise Financial? Here are two alternatives to consider:

    • Opploans – A trusted lending platform offering flexible loans up to $4,000 with no hard credit checks for people with poor to fair credit.
    • eLoanWarehouse – A digital loan platform offering short-term installment loans up to $2,500 for people with poor, fair, or no credit.

    Reprise Financial

    Loans: $2,500 - $25,000

    APR: 9.99% - 36%

    Credit score: 520+

    Application simplicity
    User experience
    Customer Service
    3.0 Overall Rating

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    Reprise Financial Review