Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are subject to change at any point prior to application submission. Your prequalified rate is based on information you provided. All final offers require verified credit information which could impact your qualified rate. The information you provide to us is an inquiry to determine whether Splash’s lending partners can make you a loan offer. Some lending partners may require less information if you submit an application directly on their website. If a lending partner has an available loan for you, you will be invited to submit a loan application to the lender for its review. Please be advised that a lending partner who has an available loan offer for you may conduct another soft credit pull as part of its application review process.
To qualify, a borrower must be a U.S. citizen or other eligible status and meet lender underwriting requirements. The borrower is required to meet applicable underwriting requirements based on specific lender criteria. Not all borrowers receive the lowest rate as advertised. Lowest rates are reserved for the highest qualified borrowers. Splash does not guarantee that you will receive any loan offers or that your loan application will be approved. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Variable rates subject to change. Rates as of 03/28/23.
To check the rates and terms you qualify for, soft credit pull(s) will be conducted that will not affect your credit score. However, if you choose a product and continue your application, your full credit report from one or more consumer reporting agencies will be requested, which is considered a hard credit pull.
Note: Medical student refinance loans are available only to borrowers who are currently in a residency or fellowship program.
If you are interested in a personal loan, please note the following:
Personal loans are solely for personal, family, or household purposes and are not permitted to be used to purchase or refinance the purchase of real estate, securities or other investments. Personal loans may not be used for business purposes, to finance post-secondary education expenses, for short-term bridge financing or any illegal purpose.
Splash marketplace loans offer rates between 8.99% APR (without autopay) to 35.97% APR (without autopay) and terms of 2 to 7 years. Personal loans offered through the Splash network have an origination fee of 0%-9.99% which may be deducted from the loan proceeds. Lowest rates require autopay and may require paying off a portion of existing debt directly. The autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The autopay reduction will not be applied if autopay is not in effect. See loan agreement for details.
The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Repayment examples are for illustrative purposes only. Personal loan | Repayment example: If you are approved for a $10,000 loan with a 36-month term and a fixed APR of 17.98% (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a monthly payment of $343.33. Rates are subject to change without notice. Not all rates and amounts available in all states. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Not all applicants will qualify for the full amount. Residents of Massachusetts have a minimum loan amount of $6,000; New Mexico and Ohio, $5,000.
If you are interested in a student loan while you are in school, please note the following:
Before obtaining a private student loan through Splash, you should review all of your options for a federal student loan. Many federal loans have special benefits and payment options that are not available for private loans that are made through Splash Financial. Your school does not endorse Splash Financial or its lending partners and neither Splash Financial nor its lending partners are affiliated with your school.
Refinancing or consolidating private and federal student loans may not be the right decision for everyone. Federal student loans carry special benefits. If you refinance a federal student loan with Splash Financial, you will no longer be eligible for those benefits such as a COVID-19 temporary interest rate of 0% through 6/30/2023, public service loan forgiveness, and economic hardship programs, fee waivers and rebates on the principal.
Fixed Rate options range from 4.49% APR (with autopay) to 9.24% APR (without autopay) and will vary based on application terms and level of degree. Our lowest rate option is shown with a 0.25% autopay discount for the shortest loan term. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Rates are subject to change without notice. Not all rates and amounts available in all states. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early.
Variable rate options range from 4.74% APR (with autopay) to 9.24% APR (without autopay). Our lowest rate option is shown with a 0.25% autopay discount for the shortest loan term. The variable rates are based on a Variable rate index. Some of the rates are based on the one-month London Interbank Offered Rate (“LIBOR”) and some are derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). The interest rate on a variable rate loan is comprised of an index and margin added together.
Know exactly when your debt will be paid off.
Revolving debt that could last a lifetime.
Get a lump sum of cash, then spend it how you need to.
Limited to credit card maximums that may not meet your immediate needs.
Consistent monthly payments that you can easily budget for.
Variable monthly payments that are difficult to budget for.
Lower interest rates (on average) that could be more favorable than credit card rewards.
Higher interest rates (on average) that could offset rewards.
No promotional fine print to catch you off guard.
Promotional gimmicks with lengthy terms and conditions (if you miss a payment, they go away).
