Reprise Financial 2026 Personal Loan Review
Reprise Financial personal loans are best for fair-credit borrowers who don’t need to borrow more than $25,000.
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- Have a low credit score.
- Want next-day funding.
- Need a loan over $25,000.
- Want on-time payments reported to all the major credit bureaus.
What to know about Reprise Financial personal loans
If you need to borrow somewhere between $2,500 and $25,000, consider the online lender Reprise Financial.
Reprise Financial loans are pretty convenient for a number of reasons. You can potentially get approved even with a low credit score and access funds the day after applying.
However, if you live in the Northeast, you’ll likely need to consider a different lender. Reprise Financial doesn’t offer personal loans in most states between Maine and Maryland — as well as a few others throughout the country.
I would also consider other lenders if you have strong credit. Annual percentage rates for Reprise Financial loans start at 9.99%, and the lender charges an origination fee that can be up to 6% of your loan amount. Rates and fees like that are pretty common for lenders that cater toward borrowers with fair or bad credit. But if you have good or excellent credit, other lenders may offer you lower starting rates and no origination fees.
» MORE: Compare the best personal loans
What we like most about Reprise Financial
- Low minimum credit score requirement: You could qualify for a Reprise Financial loan even if your credit score is as low as 540. This is lower than most of the personal loan lenders we review at NerdWallet. Accessibility for the win!
- Offers secured and co-signed loans: You might improve your chances of qualifying or getting a lower APR if you secure a personal loan with collateral or add a co-signer with a better credit profile. Not many lenders give borrowers these loan options.
- Fast funding: Reprise Financial has next-day funding, so you don’t have to wait long to consolidate debt, to start a home improvement project or for whatever reason you need the money.
- Offers direct pay to creditors: If you’re using the loan to consolidate debt, Reprise Financial will send the money directly to your creditors the day after you’re approved and sign the loan documents. That’s one less step you have to take on your debt-free journey.
- Flexible monthly payments: You can select your monthly payment date and change it multiple times throughout the life of the loan. This flexibility helps you plan payments for when you have enough money in your bank account.
Why Reprise Financial may not be right for you
- Not offered nationwide: Reprise Financial personal loans are only offered in 37 states. You won’t be able to get a loan from this lender if you live in Colorado, Connecticut, Hawaii, Maine, Maryland, Massachusetts, Nevada, New Jersey, New York, Pennsylvania, Vermont, Washington, West Virginia or Washington, D.C.
- Limited loan sizes: Loan amounts range from $2,500 to $25,000. Consider another lender if you need a smaller or larger loan.
- May have an origination fee: Reprise Financial may charge an origination fee up to 6% of the loan amount, increasing the cost of borrowing. Most lenders deduct this charge from the loan before disbursing funds, so you may have to request a larger loan amount than what you actually need to borrow.
- Only reports payments to one credit bureau: Reprise Financial only reports loan payments to Experian. This means making on-time loan payments will only benefit your Experian credit score and not your score from Equifax or TransUnion. Most lenders report to all three of the major credit bureaus.
How much does a Reprise Financial loan cost?
The total cost of your Reprise Financial loan depends on the amount borrowed, annual percentage rate and loan term. The lender told NerdWallet its average borrower typically gets an APR from 25% to 29.99%. Here is an example of how different rates affect the costs of a $10,000 loan with a 3-year term.
APR | 18%. | 28%. |
Monthly payment | $362. | $414. |
Total interest cost | $3,015. | $4,891. |
Total loan cost | $13,015. | $14,891. |
» MORE: Use our personal loan calculator to estimate your costs
Do you qualify for a Reprise Financial personal loan?
You can likely qualify even if your credit isn’t great. Reprise Financial says it seeks out borrowers with fair credit (scores from 630 to 689) and good credit (scores from 690 to 719). However, applicants with lower credit scores may still qualify.
Your location matters too. Loans are not available in Colorado, Connecticut, Hawaii, Maine, Maryland, Massachusetts, Nevada, New Jersey, New York, Pennsylvania, Vermont, Washington, West Virginia or Washington, D.C.
Reprise Financial’s borrowing requirements
- Minimum credit score: 540.
- Minimum credit history: 1 year and 2 accounts.
- Must provide a Social Security number.
- Must be a U.S. citizen.
- Must have a valid email address.
- Must provide proof of residency.
- Must provide proof of employment or income.Â
- Must have a valid U.S. bank account.
Profile of an average Reprise Financial borrower
For an idea of where you would fit in among other borrowers and what to expect, we asked Reprise Financial about its average borrower. Here’s what the lender told us.
- Average loan amount: $10,000 to $20,000.
- Average APR: 25% to 29.99%.
- Most common loan term: 5 years.
- Most common loan purposes: Debt consolidation, home improvement and emergency expenses.
- Average borrower’s credit score: 630 to 689.
- Average annual income: $50,000 to $74,999.
- Average borrower’s debt-to-income ratio: 30% or less.
» MORE: How to get a personal loan
Frequently asked questions
Q: What can’t you use a Reprise Financial personal loan for?
A: You can’t use a Reprise Financial personal loan for higher education expenses, gambling or illegal activities. You can use the loan for almost anything else, including debt consolidation, home improvement projects, medical or dental expenses, emergency expenses, vacations, moving costs, weddings, funerals, vehicle financing and other large purchases.
Q: What can you use as collateral for a Reprise Financial secured personal loan?
A: If you opt for a secured personal loan, you can use a vehicle you own as collateral. However, it can’t be more than 20 years old or have a salvaged title. If you’re a homeowner, you can use home fixtures — such as cabinets, counters, light fixtures, water heaters and window coverings — to secure your personal loan. According to the lender, using a vehicle as collateral gives you best rates and highest loan amounts.
Q: Is there a grace period before a late fee is charged if you miss your payment due date?
A: Yes, Reprise Financial offers a 15-day grace period before charging a late fee for a missed loan payment.
Q: Does Reprise Financial offer hardship accommodations if you’re having trouble making a loan payment?
A: Yes, you could be eligible for payment deferment, temporary payment reduction or permanent APR reduction if you experience financial hardship while you’re repaying your Reprise Financial loan.
Q: Can you change your monthly repayment due date?
A: Yes, Reprise Financial lets you change your monthly repayment due date multiple times throughout the life of the loan.
How does Reprise Financial compare?
 |  |  |  |
|---|---|---|---|
Est. APRFrom 6.99% to 35.49% | Est. APRFrom 6.53% to 35.99% | Est. APRFrom 7.24% to 24.89% | Est. APRFrom 7.74% to 35.99% |
Loan amountFrom $5,000 to $100,000 | Loan amountFrom $1,000 to $75,000 | Loan amountFrom $5,000 to $100,000 | Loan amountFrom $1,000 to $50,000 |
Min. credit scoreNaN | Min. credit score600 | Min. credit score660 | Min. credit score600 |
How we rated this lender
NerdWallet’s editorial team rates lenders using a rubric with five weighted categories and 29 subcategories. Here are the factors we prioritized, plus why this lender received each score.
Reprise Financial charges an origination fee up to 6% and doesn’t offer rate discounts, which are strikes against its affordability.
Our Method: We review lenders’ rates and fees, plus any opportunities for rate discounts.
Why this lender scored a 3.9 out of 5: Flexible payment due dates, seven-day customer service support and hardship accommodations benefit Reprise Financial customers, but downsides include only reporting payments to one credit bureau and not having a mobile app.
Our Method: We look at factors such as customer service availability, monthly payment flexibility and whether the lender reports on-time payments to major credit bureaus.
While Reprise Financial offers secured loans, co-signed loans and direct pay to creditors for debt consolidation loans, it is less flexible in the loan sizes it offers.
Our Method: We assess loan amount and term ranges and whether lenders offer multiple loan types or direct payment to creditors on debt consolidation loans.
Reprise Financial lends to borrowers across the credit spectrum and lets interested applicants pre-qualify with a soft credit check before using a hard credit pull prior to funding.
Our Method: We consider how widely available and accessible the loans are and how lenders review applicants’ credit.
Why this lender scored a 4.1 out of 5: Reprise Financial has fast approval and funding times. It also shows a lot of vital information when you pre-qualify for one of its loans, but its website isn’t very transparent about the rates and terms you may receive.
Our Method: We evaluate loan approval and funding times and the lender’s transparency throughout the application process.
Read more about our ratings methodologies for personal loans.
