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Personify Financial 2025 Personal Loan Review

Personify Financial offers high-interest loans with long repayment terms that can lead to exorbitant interest costs over the life of the loan.
Last updated on October 1, 2025
Nicole Dow
Written by 
Lead Writer & Content Strategist
Kim Lowe
Edited by 
Head of Content, Personal & Student Loans
Fact Checked
Nicole Dow
Written by 
Lead Writer & Content Strategist
Kim Lowe
Edited by 
Head of Content, Personal & Student Loans
Fact Checked

Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.

Our Take

The Nerdy headline:

Personify Financial personal loans may be available to borrowers with less than ideal credit, but high rates make them a last-resort option.

Jump to:Full Review
Personify Financial

Est. APR
36.00-179.50%
Loan amount
$500 - $15,000
Min. credit score
500
on NerdWallet

Pros

  • May accept borrowers with bad credit. 

  • Can pre-qualify with a soft credit check.

  • Next-day funding.

  • Reports payments to credit bureaus.

Cons

  • Rates exceed 36%.

  • May charge an origination fee.

  • Does not offer large loans.

  • Available in a limited number of states.

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Full Review

Editor’s note: Personify Financial did not respond to our most recent request for details regarding its personal loan product. We reviewed its website and attempted to contact company representatives, but some of the information presented here may not be complete. Due to the lack of verifiable information, NerdWallet did not give Personify Financial’s personal loan a star rating.

Personify Financial is an online lender that offers high-interest personal loans and looks beyond credit scores to qualify potential borrowers.

NerdWallet recommends avoiding loans with rates above 36% unless you’ve ruled out all alternatives, so consider a Personify loan as a last-resort option.

Personify Financial personal loans at a glance

Minimum credit score

None.

APR range

36.00% - 179.50%

Fees

  • Origination fee: 5% to 5.49%.

  • Late fee: Undisclosed.

  • Non-sufficient funds fee: Undisclosed.

Loan amount

$500-$15,000.

Repayment terms

1 to 4 years.

Time to fund after approval

1 business day.

Where Personify Financial personal loans stand out

May accept borrowers with bad credit: Personify says it looks beyond credit scores to make lending decisions, and applicants with bad credit may qualify.

Can pre-qualify with a soft credit check: Potential borrowers can check their eligibility and see loan offers without affecting their credit score. If they decide to accept a Personify Financial loan, the lender will perform a hard credit inquiry, which can cause credit scores to dip slightly.

Next-day funding: Personify says it can provide instant loan decisions, and loans are typically funded the next business day.

Reports payments to credit bureaus: Personify’s website states the lender reports payment history to major credit bureaus, though it does not specify which ones. On-time payments reported to credit bureaus can help build your credit score.

Where Personify Financial personal loans fall short

Rates exceed 36%: Most consumer advocates say 36% is the highest APR a loan can have and still be considered affordable. Personify’s rates start at 36% and go up to 179.50%.

This means interest costs on a Personify Financial loan could make up more than half the amount you borrowed. For example, a $4,000 loan repaid over one year at 99% APR would cost $2,452 in interest.

May charge an origination fee: Personify charges an origination fee that ranges from 5% to 5.49% of the loan amount in most states where it provides loans. The lender adds this fee to the borrower’s total loan amount rather than deducting it before disbursing the funds.

Does not offer large loans: Personify Financial only provides loans up to $15,000, meaning it isn’t an ideal choice if you need to borrow a larger amount.

Available in a limited number of states: Personify loans are only available in the following 28 states: AL, AK, AZ, AR, DE, FL, GA, HI, ID, IN, KS, KY, LA, MI, MN, MS, MO, MT, NC, OH, OK, RI, SC, TN, TX, UT, VA and WI.

How to use Personify Financial personal loans

Personify Financial does not specify what you can and can’t use their personal loans for. Small, high-interest loans are often used to cover emergency expenses, like a car repair, vet visit or another unexpected but urgent cost.

Check your loan agreement carefully to see if there are any restrictions for using the loan. For example, some lenders prohibit using a personal loan for college tuition or investing.

Do you qualify for a Personify Financial personal loan?

Personify Financial appears to consider loan applicants from across the credit spectrum, though it only provides personal loans in 28 states.

Personify Financial’s borrowing requirements

  • Minimum credit score: None.

  • Must have a personal checking account and email address.

  • Must provide proof of income.

  • Cannot live in one of the following 22 states: CA, CO, CT, IL, IA, ME, MD, MA, NE, NV, NH, NJ, NM, NY, ND, OR, PA, SD, VT, WA, WV or WY.

Next steps: Click the button below to check for offers from lenders that partner with NerdWallet.

on NerdWallet's secure website

How we chose the best personal loans

Our team of consumer lending experts follows an objective and robust methodology to rate lenders and pick the best.

30+

Lenders reviewed

We review over 35 lenders, including major banks, top credit unions, leading digital platforms, and high interest installment lenders operating across multiple states.

25+

Categories assessed

Each lender is evaluated across five weighted categories and 27 subcategories, covering affordability, eligibility, consumer experience, flexibility, and application process.

60+

Data points analyzed

Our team tracks and reassesses hundreds of data points annually, including APR ranges, fees, credit requirements, and borrower tools, ensuring up to date, accurate comparisons.

Star rating categories

We evaluate more categories than competitors and carefully weigh how each factor impacts your experience.
Affordability

25%

We review lenders’ annual percentage rate offerings and the competitiveness of each lenders’ APR range. We also assess whether a lender charges an origination fee and any opportunity for borrowers to receive a rate discount.

Customer experience

20%

We consider the experience of the consumer trying to manage a personal loan, which means accessibility of customer service representatives, whether borrowers can choose and change their payment due date, and the ability to track their loan on a mobile app.

Underwriting and eligibility

20%

We consider the rigorousness of each lender’s underwriting practices and how widely available their loans are. This category includes whether a lender does a hard credit check before providing a loan, the range of credit profiles they accept and how many states their loans are offered in.

Loan flexibility

20%

We assess how flexible lenders can be with borrowers, including whether they offer multiple loan types, personal loan amounts and repayment term options and whether they offer direct payment to creditors on debt consolidation loans.

Application process

15%

We consider the lender’s full application process, including a borrower’s ability to preview their loan offer via pre-qualification, whether basic loan information such as APR range and repayment terms are available and easy to find online and how quickly a loan can be funded after approval.

5.0

Overall score

NerdWallet’s review process evaluates and rates personal loan products from more than 30 financial technology companies and financial institutions. We collect over 60 data points and cross-check company websites, earnings reports and other public documents to confirm product details. We may also go through a lender’s pre-qualification flow and follow up with company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer consumer-friendly features, including: soft credit checks to pre-qualify, competitive interest rates and no fees, transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to credit bureaus and financial education. Our ratings award fewer points to lenders with practices that may make a loan difficult to repay on time, such as charging high annual percentage rates (above 36%), underwriting that does not adequately assess consumers’ ability to repay and lack of credit-building help. We also consider regulatory actions filed by agencies like the Consumer Financial Protection Bureau. We weigh these factors based on our assessment of which are the most important to consumers and how meaningfully they impact consumers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for personal loans and our editorial guidelines.
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