Regional Finance Phone Number: Clearly defining “regional finance” is essential to fully understand it. Fundamentally, regional finance is using financial management techniques and plans at the local or regional level. This relates to the allocation, control, and utilisation of financial resources within a specific area.
A crucial component of financial management at the regional level is regional finance. Its purpose is to cater to the specific financial requirements and obstacles that firms and individuals in a particular area encounter. The people who need it most will benefit from a more focused resource allocation made possible by this localised approach to financial management.
| Trade Name | Regional Finance |
| Phone Number | 888-636-3535 |
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| Official Website | Click here to visit |
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Contents
Key Takeaways
- APRs begin at 24.00 per cent. Interest rates on personal loans normally range from 5% to 36%. Regional Finance Personal Loans have starting rates that are somewhat higher than average.
- quick financial access. If accepted, your funds may occasionally be available within one business day*.
- rate for prequalification. Regional Management Corp. offers a soft pull service that allows you to check your prequalified rate without affecting your credit score.
- fees on originations that reach 10%. State-specific regulations and origination fees apply. Regarding lenders in SuperMoney’s database, this is at the upper end. It’s important to remember that origination fees are subtracted from the loan amount when estimating your overall requirement.
- A minimum salary of $25,000. Applying for a Personal Loan from Regional Finance requires an annual income of at least $25,000, which is higher than the average for the lenders in our database.
Pros & Cons
Pros
- There is no upfront cost.
- takes into account candidates with average credit.
- Funding is accessible in a single business day.
Cons
- APRs reaching 35.99%.
- up to 10% of the loan amount is charged as an origination fee.
- imposes a $10 maximum late fee
- No choice but to co-sign.
What does one need to meet to qualify for a Regional Finance personal loan?
For Regional Finance Personal Loans, applicants with credit scores as low as 600 and as high as 720 may be given consideration. Eligibility requirements have a minimum age of 18 or the state minimum, whichever is higher.
In order to be eligible for a personal loan from Regional Finance Personal Loans, candidates must earn at least $25,000 annually. Local Money Only borrowers who meet the minimum income level and are employed are eligible for personal loans.
The Military Lending Act (32 C.F.R. ยง 232) prohibits lenders from charging military personnel more than 36% APR on credit extended to eligible borrowers. These applicants are not eligible to receive the Regional Finance Personal Loans product since the APRs for the product are higher than the MLA restrictions. The Military Lending Act defines “covered borrowers” as active-duty military personnel and their eligible dependents.
The services provided by Regional Finance Personal Loans are open to applicants who are citizens of the United States and permanent residents or holders of green cards.
Also Read: Regional Acceptance Phone Number
Applicants may need to provide the following paperwork in order to be eligible:
- Recent pay stubs
- Driver’s license
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted | Individual Applications |
| Credit Score | 600 – 720 |
What terms and interest rates does Regional Finance provide for personal loans?
The interest rates offered by Regional Finance are greater than those of the lender’s SuperMoney reviews.
What interest rates does Regional Finance offer?
Regional Finance offers a fixed APR personal loan product that ranges from 24.00% APR up to 35.99% APR.
How much can you borrow via Regional Finance?
Personal loan amounts start at $2,501 and go up to $12,000
What is the maximum loan term you can get with Regional Finance?
Regional Finance offers loans with terms of up to 60 months.
| Personal Loan Amount | $2501 – $12000 |
| Loan Term | 24 – 60 months |
| APR | 24.00% – 35.99% |
Which fees are imposed by Regional Finance?
Does Regional Finance charge an origination fee?
Regional Finance may charge a personal loan origination fee of up to 10% of the personal loan amount (origination fees and requirements vary by state).
Does Regional Finance charge a late fee?
No, Regional Finance will not charge you a late fee if you miss one of the monthly payments of up to $10.
Does Regional Finance charge prepayment fees?
No, Regional Finance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | up to 10% |
| Prepayment Fee | No |
| Late Payment Fee | up to $10 |
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