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Splash Financial Review

Reviews 814
Splash Financial
Splash Financial
Excellent
Reviews 814
Michael Graw
Feb. 21, 2023
3 min read
Michael Graw
Splash Financial Summary
Splash Financial is an online marketplace that helps you review offers for your needs. The company works with a network of lenders to offer personal loans, student loans, and student loan refinancing. Personal loan rates start at just 6.99% APR, and you can borrow up to $100,000. Splash Financial lets you check your rate online in less than 2 minutes, without a hard credit pull.¹
Pros
  • Check your rate online in less than 2 minutes
  • Personal loan interest rates from 6.99% APR
  • Borrow up to $100,000
Cons
  • No same-day funding

Splash Financial Splash Financial Visit Splash Financial

Suitable For?

Splash Financial is designed for borrowers who want to check offers for a personal loan, student loan, or student loan refinance. This online marketplace checks for offers at a network of lenders to bring you the lowest interest rate possible. The interest rates for student loans and personal loans offered through Splash Financial are very competitive. Splash Financial is also good for borrowers who want to take out a large personal loan, since some of the lenders that the company works with offer loans up to $100,000.

Range of Loans on Offer

Splash Financial helps you find offers for personal loans, student loans, and refinancing for both undergraduate and medical student loans. Splash Financial doesn’t offer any loans itself, but rather works with a network of banks, credit unions, and online lenders to bring you competitive loan offers.

  • Personal loan rates ranging from 8.99% - 35.99% (with autopay)* APR
  • Borrow up to $100,000
  • Check your rate online in less than 2 minutes
  • No prepayment penalties on most loans
  • Minimum 580 credit score

Application Process & Requirements

You can check rates for a loan through Splash Financial online. The process takes less than 2 minutes and you can see your pre-qualified  offer online without having to speak to a loan officer.

To get started, you’ll need to answer a few questions about how much you want to borrow and what you plan to use the money for. Splash Financial also asks for your employment status, income, address, and birthdate. Finally, the company runs a soft credit check—which won’t impact your credit score¹—to find you a loan offer.

If you decide to proceed with an offer, Splash Financial will pre-fill your application information to simplify the process. Most of the lenders that Splash Financial works with can approve your application and deliver funds to your bank account in 1-2 business days.³

APRs, Loan Amounts, & Repayment Terms

Splash Financial helps you find personal loans ranging in size from $600 to $100,000, although most lenders the company works with offer maximum loan amounts of $50,000. You can be offered a repayment term of 1-7 years,² and interest rates ranging from 8.99% - 35.99% (with autopay)* APR.

Privacy & Security

Splash Financial uses SSL encryption to protect your application information. The company also uses multi-factor authentication and ID verification to protect your online account and prevent identity fraud.

Help & Support

Splash Financial offers customer support 9AM-9PM (ET) Monday-Friday. The company also has an online FAQs page where you’ll find more information about the loans it offers.

Phone: (800) 349-3938

Email: contact@splashfinancial.com

How Splash Financial Compares


Splash Financial
LightStream
Upstart
APR
8.99% - 35.99% (with autopay)*
4.49%-20.49%
5.38%-35.99%
Minimum credit score
580
660
`None
Loan amounts
$1,000-$100,000
$5,000-$100,000
$1,000-$50,000
Loan term
1-7 years²
2-7 years
3-5 years
Suitable for
Borrowers who want the lowest interest rates
Borrowers who want lower monthly payments
Borrowers with poor or no credit history


Splash Financial offers personal loans that are comparable to those from LightStream and Upstart. Splash Financial’s lowest interest rates are slightly higher than those at LightStream, but they may be able to provide offers to  more borrowers since you can qualify for a loan with a 580 credit score. Upstart has higher rates and a lower maximum loan amount, but it serves borrowers who don’t have a credit history.

FAQs

Q. How long does it take to get a personal loan with Splash Financial?

Most lenders can deposit funds in your account within 1-2 business days³ after you sign your final loan documents.

Q. Does checking my rate impact my credit score?

Splash Financial runs a soft credit check, which won’t impact your credit score,¹ when you go to check your loan rates.

Q. Does Splash Financial charge fees?

Splash Financial is completely free to use. The lender may charge an origination fee, but this will be disclosed and included in the APR calculation for any qualified loan offers you choose.

Q. Can I pay off my personal loan early?

All of the lenders that Splash Financial works with don’t charge prepayment penalties on personal loans. However, you should check the terms of your loan.

Summary

Splash Financial is an online marketplace that can help you find a personal loan, student loan, or student loan refinance. The platform offers competitive rates for personal loans ranging from 8.99% - 35.99% (with autopay)* APR. Splash Financial makes it easy to check your loan offer online and you can get funds in your bank account within 1-2 business days.³

Physical Address

Splash Financial, 812 Huron Rd E Ste 350, Cleveland, OH 44115

Splash Financial Splash Financial Visit Splash Financial

Disclaimers

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. The information you provide is an inquiry to determine whether Splash’s lending partners can make you a loan offer.

*Splash marketplace loans offer fixed rates between 8.99% to 35.99% APR as of April 13, 2023. Personal loans have an origination fee of 0% to 9.99% which may be deducted from the loan proceeds. Lowest rates are reserved for the highest qualified borrowers. Lowest rates may require autopay and may require paying off a portion of existing debt directly. The autopay reduction will not be applied if autopay is not in effect. Not all rates and amounts available in all states. Not all applicants will qualify for the full amount. Residents of Massachusetts have a minimum loan amount of $6,000.

To qualify, a borrower must be a U.S. citizen or other eligible status and meet lender underwriting requirements. 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, creditworthiness, income and other factors.

¹ To check the rates and terms you qualify for, Splash Financial conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, the lender will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

² Loans feature repayment terms of 12 to 84 months depending on the lender and your qualifications. For 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.

³ While funding may be as soon as one to two business days, at times it could take up to two weeks.

Splash Financial, Inc. (NMLS #1630038), NMLS Consumer Access. Equal Housing Lender. Splash Financial, Inc. is licensed by the Department of Financial Protection & Innovation under the California Financing Law, license number 60DBO-102545. Splash® is a registered trademark of Splash Financial, Inc.

Michael Graw
Written by
Michael Graw
Michael Graw is a Bellingham, Washington-based writer focusing on finance, tech, and science. His work has been featured in print magazines and high-impact websites. He writes for BestMoney and enjoys helping readers make sense of the options on the market.
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Trustpilot reviews
See what some costumers are saying about Splash Financial
Splash Financial
Excellent
Reviews 814
on
Excellent
90%
Great
5%
Average
2%
Poor
1%
Bad
2%
D
donald mulkerne
10 hours ago
Simple process
Simple process, good support
D
dean
2 days ago
Easy and quick!
Easy, seamless process. Had multiple offers in a few minutes. Loan was funded in less than 36 hours. Would definitely consider going through Splash again.
S
shawn byars
7 days ago
The process was quick and to the point
The process was quick and to the point
W
wes bromberg
7 days ago
I started a consolidate bills loan
I started a consolidate bills loan. Filled out all the information and sent in screenshots of my two pensions. That was rejected. Then went on both websites and did what they instucted to make a pdf and sent those through, rejected again. Then splash said to get an actual copy from those websites. One did send it the other did not i asked where to mail it but splash said you cant so niw im back to a screen shot, rejected again. Ivwent through another company and was funded in 36 hours. I would never recomend splash to my worst enemy
A
anna cornell
8 days ago
It was quick and informative
It was quick and informative
J
jamie
8 days ago
I was approved for a loan through…
I was approved for a loan through Splash Financial but did not know because I was never set an email confirmation for anything during the process. I happened to log in to see that I was approved so I filled out my bank account information to have the funds transferred. It had to go through a verification process so it would be a couple days. I got an email from the Director of Operations that my name did not come through on the verification so a 3way call would need to be scheduled with him, myself and my bank. However, their process is that Tim calls you, verifies who YOU are, and then HE calls "your" bank. I have never heard of this "SOP" as they call it. I did not feel comfortable with those steps so I called my bank and asked if they have ever heard of this, the agent said no and they would not be able to give him any information anyways. So I talked to FS support and the agent was very rude. Saying this specific verification step could not be bypassed unless my bank refused but he wouldn't/couldn't tell me what the next step would be if that was the case. I'm just looking for a simple explanation of what's going to happen if my bank refuses (as they should) to answer any questions. So I emailed Tim back and gave him my feedback about how the entire process has been a horrible experience and how we're at an impasse because my bank is not going to give them any information. He came back with a long winded "Sorry, not sorry" he denied my application (to which I got email notifications about finally). I'm sorry, but what happened to this "Workaround" that you have? This is not a common day practice, to do a 3 way call with another financial institution because your tool cannot verify my account. I've never had a problem with this in the past. So now, I have a hard check on my credit report and was denied because they wouldn't explain what the workaround is. Stay away from Splash Financial, their support is rude, their business practices and lack of consumer is safety is alarming at best.
N
new splash fan
9 days ago
New Splash Fan
Splash has been amazing so far! Refinancing my student loans with them has been super easy, the site is very user-friendly and the customer service is top-notch! I will definitely recommend them to my friends and family.
K
kim f.
9 days ago
Great loan experience
Easy and quick process to get my loan. Best rate I found. Very positive experience with Splash Financial.
A
alvaro mendoza
9 days ago
Splash review
The process was simple with a fast turnaround. Truly a great experience!
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cathy jarman
10 days ago
No thank you ,went thru credit karma…
No thank you ,went thru credit karma rates are a lie,when you are offered a 9.9 rate and then you get offered 11.25 no thanks. wont be doing business here
K
kaitlynn schaub
13 days ago
Splash made it very easy to see better…
Splash made it very easy to see better options to refinance my loans Although necessary to secure my career student loans if not properly managed can impact your credit ratings
P
preston may
14 days ago
Dont waste your time
Dont waste your time - Took 7 days no work under review - Went to Wells Fargo and got approved and funded in 15 minutes with no paperwork - they ask you for paperwork like you buying a HOUSE - Credit Score was over 750 - Just SAY NO and stop wasting people time
L
lawrence brumer
a month ago
Very fast and easy.
Very fast and easy.
A
anthony vess
a month ago
Very easy app and approval process
Very easy app and approval process
P
p cook
a month ago
Good company overall
Good company overall. Had to email to figure something out that they could post on the page the issue happens on since it seems to be a very common issue and it only delays the process to not share the knowledge. Would still do business with them again.
L
liz goz
a month ago
Life Savers!
Splash Financial has amazing customer service and they will work with you to figure out any issues that might arise during the application process. I made a typo on my original application/pre-approval, but they worked so hard and diligently to help me find a lender who would give me a great rate that was so close to the original pre-approval that I had. The only issue I ran into was that they didn't tell me that this typo had happened and that is why it was taking longer than expected to get me approved. But after using the live chat the agent told me everything I needed to know and reassured me that everything would be alright. As a person with parents who don't know anything about student loans I felt like I was being thrown in the deep end and trying to figure it out all by myself was scary and overwhelming. Thanks to Splash I got them refinanced at a way lower rate than with my original lender, in my own name instead of having my dad as a co-signer, and with a great lender. Thank you Splash, and an especially big thank you to the live chat agents who were always so kind and took the time and effort to help me!
T
talore ellis
a month ago
Quick easy painless
Quick easy painless
J
jason nicholas
a month ago
good experiencing but the timing was…
good experiencing but the timing was very off for loan closing and getting a new account created. almost a month after loans were paid off was my new account created. this caused stress and I had to contact splash, firstmark services, and nelnet bank to try and get an update
D
derick cooper
a month ago
Quick, Quick, Quick
The ease of applying, the approval process, and the swiftness of depositing the funds. My overall experience was excellent and worry-free. Thanks!
R
rachel kelly
2 months ago
Best Choice
Easy, convenient, and helped me get away from my old outrageous variable interest rates to a stable, fixed interest rate with a monthly payment less than I have ever paid for my student loans with my old servicer. 10/10
a
angel c
2 months ago
Read before before wasting time
Should have read the reviews before applying. After sending all the paperwork and bending backwards to get all in order and waiting over a week I get denied with a credit score of over 750. What a waste of time.
K
kyle kelly
2 months ago
Splash came through big for me!
I’ve gone through hell trying to refinance my student loans. Splash 1000% gave me the best options and allowed me to secure a much more competitive interest rate WITHOUT a co-signer!!!
A
anthony a
2 months ago
Easy
Easy, Fast and funded
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holly medici
2 months ago
Please cancel what I originally agreed…
Please cancel what I originally agreed to was 423 a month..when I logged in ..it shows 512. NOW ALL OF THIS HIT MY CREDIT SCORE FOR NOTHING..WHAT A SCAM
d
donald
3 months ago
very professionally done returned phone calls within 10 minutes
the process was done in 1 hour all request for information was entered in 5 minutes and all phone calls where returned with 10 minutes
S
stacey gray
3 months ago
Quick statement
Quick start I'm express
H
heather mays
3 months ago
Delivered what was promised
Delivered what was promised
S
slightly petty
3 months ago
Easy application process
Easy application process. Very clear instructions and great rates.
N
noah
3 months ago
Easy and quick
Easy and quick
L
lisa
3 months ago
Good communication
Good communication
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michelle
3 months ago
Approved with low 600s Credit Score!
My score was in the low 600s and Splash Financial got me approved for a personal loan when I kept getting denied by other lenders! The process was simple (application, ID verification, and bank connection). It took 3 days to get approved and I received funds in my bank 2 days later!
A
adl
3 months ago
My experience was not good.
I applied for a personal loan on 6/4/23. As of today 6/14/23 the application is still "being reviewed". After 3 phone calls and one chat session with customer service I decided to withdraw and go with a competitor.
consumer-image
clint b
3 months ago
I was originally approved then de
I was originally approved, signed all paperwork. Had a 3-way call with my bank then a couple days later got a call saying sorry you weren't actually approved due to a computer glitch. This also involved having a hard inquiry that dropped my credit score.
C
chad roberts
3 months ago
Easy process
Easy to apply and was kept up to date on the application process. Results were received quicker than expected.
E
elida ortega
3 months ago
It was fast
It was fast, secure and efficent
H
heriberto mercado
3 months ago
fast easy
fast easy, the onlyone that got me some moneh to consolidate my debt. totally recomend it
E
eliseba
4 months ago
responsive...questions answered in a…
responsive...questions answered in a timely manner and once provided required docs, loan came through 48hrs later. Thank you.
M
mike mcgushin
4 months ago
Painless debt consolidation loan…
Process for a debt consolidation loan was quick and very efficient. Would definitely give Splash Five Stars. Have already recommended Splash to a couple of friends looking to get a debt consolidation loan.
B
brian hass
4 months ago
Quick and painless
Quick and painless
A
alton ridle
4 months ago
Quick and easy process
Quick and easy process
R
ramon flores
4 months ago
Clear and efficient
Clear and efficient
C
crystal dugas
4 months ago
Splash was very helpful and quick on a…
Splash was very helpful and quick on a request.
E
eunice yapul
4 months ago
Easy process
Easy process
S
sandy maguino
4 months ago
ALTAS TASAS DE INTERESES
ALTAS TASAS DE INTERESES. Pero tengo necesidad .
M
martin saucedo
4 months ago
Simple process
Simple process easy to understand
S
sydney ransom
4 months ago
It was simple to refinance my very…
It was simple to refinance my very expensive student loans. The interest rates are better out of other companies. I chose Splash
T
tai ruffai
4 months ago
The prosses was fast and great
The prosses was fast and great
G
gomes
4 months ago
Very easy process and quick.
Very easy process and quick.
A
andy
4 months ago
Very Fast and excellent customer…
Very Fast and excellent customer service with low Apr beyond my expectations. Thank you
B
brian mccanless
4 months ago
Quick and easy
Quick and easy. Great to work with.
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sonny bilal
4 months ago
My Great Experience
Great experience easy process very little paperwork involved and turnaround was fast.
K
kristi o
4 months ago
SIMPLE and FAST Process
The ENTIRE process was so easy! I submitted my application and the requested docs, participated in a 3-way call with my bank (security purposes), and received the funds all within 5 business days. I had a couple of questions during the process. I logged in to my acct and was promptly connected with a knowledgeable associate who completely answered my questions. I will definitely recommend SPLASH!
K
kelly b
4 months ago
Excellent experience
Excellent experience! Extremely helpful and prompt with any questions or concerns I had.
K
koroma/gibril
4 months ago
The associates were very professional…
The associates were very professional and helpful
s
sandrac
4 months ago
Great customer service
Great customer service. Very compassionate and made the process go so smooth and not stressful at all.
K
kp
4 months ago
They make it too hard to set up…
They make it too hard to set up automatic payments and want you to transfer to a savings account through their partner and then make the payment from that account. Doesn’t seem right and seems like they’re trying to make it harder to pay off a loan.
B
b. parfait
4 months ago
Start first with Splash Financial
Splash Financial make the loan process easy and kept me up to date with text and emails throughout the process. I was approved quick. Start first with Splash!
I
ian west
4 months ago
Easy application
Easy application, fast money, good rates.
J
jayne
4 months ago
It was very quick!
It was very quick!
A
andre valadao
4 months ago
Great experience
Fast and easy.
B
brian miles
4 months ago
Very good communication and really…
Very good communication and really quick response would definitely recommend Splash Financial
J
joseph szatmary
4 months ago
Amazingly Efficient/Smooth Experience
Amazingly efficient and a smooth experience.
R
robin lamme
4 months ago
Contacted me in a reasonable time by…
Contacted me in a reasonable time by both a phone call and email several times during the process. Aways answered my questions promptly and worked on doing this when I was off work. Highly recommend
M
michael brown
4 months ago
Will Definitely Recommend Quick and Easy
Application process was quick and easy and the money was in my account quickly. This loan was huge for me and the experience has been good all around.
M
michael holley
4 months ago
Easy application
Easy application. Fast answers. Seamless process
T
thomas
4 months ago
Splash made it really easy to get me…
Splash made it really easy to get me the funds I needed when I needed them and the process was easy
R
ricarda suarez
4 months ago
Worth the try
It was a nice experience cause their responses were quick, so it made me happy.
E
eric s
4 months ago
Great Service
Great Service on time processing
R
rodolfo tapia
4 months ago
Promptly processing the request and…
Promptly processing the request and providing feedback from customer service.
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gina mccroskey valone
4 months ago
They don't accept credit karma bank and…
They don't accept credit karma bank and they they pay credit karma to advertise but it's a waste of time and they don't approve..
S
st louis sue
4 months ago
Easy, except for the identity proof uploads
It was fairly easy to do everything online. But the process to upload your photo ID was awful. It took 5 attempts to get that to where it was accepted. And customer service could not provide a workaround.
J
joseph allocco
4 months ago
Very good open communication with me
Very good open communication with me
J
julie martin
4 months ago
Very quick and easy
Very quick and easy. Had money with-in 72 business hours.
A
ava briggs
4 months ago
Easy process and very quick turnaround.
Easy process and very quick turnaround.
J
joel contreras jimenez
4 months ago
Its speed and efficiency
Its speed and efficiency, and that the entire process was on its online page.
K
kenneth ament
4 months ago
got my cash in three days
got my cash in three days
R
robert ryals
4 months ago
They approved and got money too me…
They approved and got money too me super quick. Monthly payments were just right
J
jeremy
4 months ago
It was a very easy process
It was a very easy process. My APR ended up being less than quoted. I couldn't be happier!
C
catcasey
4 months ago
This was quick and painless.
This was quick and painless.
S
stephen ojoe
4 months ago
Lending With a Difference
Splash Financial was excellent in handling my loan application.
J
james
4 months ago
I highly recommend SPLASH FINANCIAL if…
I highly recommend SPLASH FINANCIAL if someone is going through financial difficulties. It was a good experience and very flexible.
R
rachel mirabella
4 months ago
Great and easy experience
Great and easy experience
R
rosemary
4 months ago
Splash Financial has to be the best and…
Splash Financial has to be the best and fastest loan company I have ever used and I have used many. I can’t stress enough how amazing they are!!!
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c t
4 months ago
Great experience and great rate
Great experience and great rate! Took 2 business days for me to verify and get approved. I absolutely recommend!
c
customer
4 months ago
Ease and convenience
Ease and convenience
K
katelyn heist
4 months ago
Do yourself a favor!
This was such an smooth process for refinancing my private student loans. I was able to get a great interest rate with a shortened term as well. Highly recommend inquiring about rates!
A
alisa
4 months ago
Application was easy
Application was easy with several offers to consider. Clear information on length of contract with total amount paid back when finished. I liked that everything was done online and received funds directly into my bank account quickly.
C
carolyn g
4 months ago
Splash Financial was easy and quick to…
Splash Financial was easy and quick to apply. Customer service was always there and keeps you posted as you go through the process.
D
daniel ashley
4 months ago
Borrowing made easy
Borrowing made easy
K
kellie powdhar
4 months ago
It was quick and easy .
It was quick and easy .
J
james
4 months ago
Wow!!!!
Wow, fast easy and awesome process!!
V
veronica hartman
4 months ago
It was a very easy application and the…
It was a very easy application and the staff were quite friendly.
C
christopher colwell
4 months ago
Really easy to work with
Really easy to work with, handled everything quickly.
D
denise downs
4 months ago
Easy application process
Easy application process. Fast results. Excellent customer service!
T
theresa lucia
4 months ago
Extreme ease of process
Extreme ease of process. Had the loan within two days and setting up the account was super easy. Love the service.
J
jaime v
4 months ago
Excellency, professionalism, 5 stars on security
Professionalism, serious on security
P
pjordan255
4 months ago
Application was simple and the process…
Application was simple and the process was quick.
N
nathaniel kerr
4 months ago
Refi college loan
I was looking to refi my college loans to a better rate just on my own from a parent plus loan. Splash made the entire process quick and easy. They provided me competitive rates and options. It was all handled very efficiently and professionally.
D
daniel deem
5 months ago
Friendly & easy
The people at splash was very helpful and friendly, it was easy also. thank you very much. Daniel Deem
T
twiin liife
5 months ago
What made my experience special
What made my experience special? It was the suburb customer service from beginning to end. The follow through was incredible! Thank you!