Springleaf provides an option for those seeking a personal loan. At TheBestCompanys, we took at a look at Springleaf and reviewed them to find the good, the bad, and the bottom line.

1. Springleaf Financial
Personal
Loan

2. Overview
Springleaf Financial has been around for almost 100 years and has extensive
experience in underwriting loans. Personal loans through Springleaf Financial can be
deposited overnight with same day approval on loans. They offer loans in 40 states
along with physical branches in 26 states for those that prefer face to face interaction.

3. The Good
• Springleaf Financial offers same day application response taking the guessing and
waiting game out of personal loans. Because the loan is direct from the lender, you
may not have to wait as long for funding found in peer-to-peer loans. For being a
direct lender, Springleaf Financial has very competitive interest rates.
• Springleaf Financial offers phone support during the application process as well as
local offices. Having a local office can help many make the correct decision and
understand the best option for their personal loan.
• While some lenders require a fixed minimum credit score, Springleaf takes into
account many factors and does not exclusively rely on credit scores. This can be
beneficial to those who do not have the best credit score, but have a steady job
and/or education to provide merit.

4. The Bad
• Although they offer a same day response, Springleaf Financial has higher interest
rates than other lenders that require up to 14 days for funding. Springleaf Financial
has a maximum loan offer of $48,569.
• Springleaf Financial is only offered in 40 states, so your state may not be eligible.
However, they also offer face to face personal loan applications and inquiries with
physical branches 26 states.
• Another downside of Springleaf Financial is the varying loan type. Each application
is different. Depending on your qualifications, such as your FICO score, you could
be offered a loan with higher, yet consistent, interest rate.

5. The Bottom Line
• Springleaf Financial offers same day response with minimal delays until loans are
funded. If you are looking for a personal loan and you need the money soon,
Springleaf Financial can be a great option.