Home Eagle Finance Review 2020 – READ THIS BEFORE Applying!
Kane Pepi

Whether you need to borrow funds for home repairs, dental bills, or to pay for a new car – the internet is now jam-packed with loan providers that promise fast cash. One such example of an online lender is that is targeting the personal loan space specifically is that of Eagle Finance.

The platform offers loans of between $1,000 and $10,000, and the initial process can be completed online. However, you’ll need to collect your loan funds in person from one of its 50+ branches.

If you’re keen to explore whether or not the lender is right for your financing needs, be sure to read our in-depth Eagle Finance Review. We’ll cover everything you need to know – such as eligibility, APRs, late payments, funding times, and more.

Apply for a Payday Loan Now! | Best Payday Lender 2020

Our Rating

Viva payday loan app company logo
  • Loans From $100 to $15,000
  • Instant Application & Approval
  • Bad Credit Considered
  • Lenders From All 50 US States Onboard
Viva payday loan app company logo

Eagle Finance isn’t overly clear on the interest rates that it charges. Ultimately, you won’t know the APR you’ll be offered until you actually apply for a loan.

What is Eagle Finance?

Eagle Finance is an online lender that specializes in personal loans. Often referred to as an installment loan, these are financing arrangements that allow you to make repayments over a number of months. Each payment will be for a fixed amount, and typically taken from your bank account on the same day of each month. In the case of Eagle Finance, the online lender allows you to borrow from just $1,000, up to a maximum of $10,000.

With that said, the specific amount will be based on your affordability levels. When it comes to financing terms, Eagle Finance covers loans between 8 months and 2 years. Moreover, the loans are unsecured, meaning that you will never be required to provide any collateral.

Eagle Finance Review -...

One of the most frustrating aspects of using Eagle Finance is that the platform does not give you an indication of what you will pay on the loan until actually apply. It is also important to note that Eagle Finance is only supported in four states – Kentucky, Ohio, Indiana, and Tennessee.

Finally, although the Eagle Finance platform allows you to apply for a loan online, you will be required to finalize the loan in one of its stores. This means that you’ll be handed a check, as opposed to having the funds deposited in your bank account. This is a somewhat outdated loan process, as most online lenders execute everything electronically.

What are the Pros and Cons of Eagle Finance?

Eagle Finance Pros:

✅The initial application can be completed online

✅Considers bad credit

✅Personal loans of between $1,000 and $10,000

✅Loan terms of between 8 months and 2 years

✅Established company with a physical presence

Eagle Finance Cons:

❌ APR rates unknown until you apply

❌ Only available in 4 US states

❌ Required to sign loan documents in-store

❌ Loan paid as a check

Comparing Eagle Finance with other online personal loan providers

Eagle Finance is an online personal finance loan specialist operating in the states of Ohio, Kentucky, Tennessee, and Indiana. Residents in these states who are looking for multipurpose loans with fairly extended deadlines can apply for a personal loan with Eagle Finance. Some of the lender’s key strengths include the fact that it offers attractive loan limits with extended repayment periods. But does it compare to Oportun, LendUp, and Rise Credit’s offers of similar loans? We looked at them all and summed their key traits in this table:

Eagle Finance

  • Borrow personal loans of between $1,000 and $10,000
  • No minimum credit score (soft check)
  • Individualized interest rates (you won’t know until you apply)
  • Loan repayment period of between 8 and 24 months


  • Loan limit starts from $300 to $9,000
  • No minimum credit score required
  • Annual loan APR of 20% – 67%
  • Loan should be repaid in a span of 6 to 46 months


  • Loan amount of $100 – $1,000
  • No credit score check
  • An annual payment rate of 30% to 180%
  • Loan repayment period of 1 to 12 months

Rise Credit

  • Offers loan from between $500 to $5000
  • Bad credit score is allowed
  • Annual rates starts from as low as 36% to as high as 299%
  • Depending on the state, the repayment term ranges from 7 to 26 months

How Does Eagle Finance Work? 

The initial application process is similar to other loan providers operating in the space – such as Snappy Payday Loans and AmeriCash insofar that you’ll be able to apply online. As such, you’ll need to head over to the Eagle Finance website and click on ‘APPLY HERE’. Enter the reason you need to funds, how much you wish to borrow, and for how long. You will then be asked for some personal information. This will include your full name, home address, date of birth, social security number, and contact details.

Eagle Finance Review -...

You will then need to enter some information about your financial standing. This should include your employment status, the name and address of your employer, and the amount you take home each month. You also need to state whether you own or rent your home, and what debts you currently have outstanding.

Eagle Finance does not make it clear whether or not it performs a soft or hard credit inquiry. As you are applying for a personal loan, it’s likely that its the latter. As such, the application could show up on your credit report.

Once you have submitted the above information, Eagle Finance will then run a credit check with its third-party sources. If your application is successful. you will receive a pre-approval offer. This will outline the amount the lender is able to offer you, and crucially – the amount of interest applicable. Unlike other lenders active in the online arena, Eagle Finance will ask you to complete the final stages of the application in one of its stores.

How Will Eagle Finance pay my Loan Funds?

If you have followed the steps outlined above, and you are happy with the terms offered, you will then need to complete the process in-store. As noted earlier, Eagle Finance has offices in four US states, so you’ll need to find the store that is nearest to where you are based. Once you arrive at your respective Eagle Finance branch, you will need to sign your loan documents.  Once again, this is something that could easily be done online, albeit, the lender is yet to join the digital revolution.

Make sure you consider whether or not your bank will charge you a fee to deposit your Eagle Finance check. Moreover, assess how long it will take for the check to clear – especially if the loan is for an urgent purchase.

Finally, Eagle Finance will then hand over your loan funds in the form of a check. On the one hand, this is potentially a faster funding process in comparison to a bank transfer, which can take 1-2 working days. However, you will then need to deposit the check into your bank account, and then wait for the funds to clear. Other lenders allow you to complete the end-to-end process online without needing to leave the comfort of your home.

What Types of Loans Does Eagle Finance Offer?

The only loan type that Eagle Finance offers is that of a personal loan.

✔️ Personal Loans

Personal loans allow you to borrow a fixed amount of money and then repay the funds over an agreed period of time. For example, if you wanted to borrow $10,000 and then repay the money over 2 years, you would be required to make 24 monthly payments. Each payment will have its interest built into it. Personal loans are usually for much higher amounts than payday loans.

How Much Does Eagle Finance Cost?

As we noted earlier in our review, Eagle Finance does not make it clear how much interest it charges on its personal loans. As such, you won’t know until you actually apply. Although this is standard in the online financing space, lenders will at least give you an APR range. However, Eagle Finance provides no information on its charges.

Nevertheless, the lender will base your interest rate on the following factors.

❓The amount you need to borrow

❓How long you need to borrow the funds for

❓The US state that you reside in

❓Your current FICO credit score

❓Your debt-to-income ratio

❓Your current household income

As we will discuss in the next section, Eagle Finance might need to ask for supporting documentation to verify the metrics listed above.

Will Eagle Finance ask for Documents?

The vast majority of lenders operating in the online sector have completely digitalized the loan application process. Once you have entered your details, the platform will then automate the entire process. As such, it can automatically verify your information without asking you for documents. However, Eagle Finance is far from a new-age lender, which is evident by the fact it requires you to sign your loan documents in-store, and receive the funds via a check.

As such, you might be asked to upload the following documents.

✔️ Income

In order to validate your income, Eagle Finance will ask for a recent pay stub.

✔️ Proof of Address

If Eagle Finance is unable to validate the home address you stated in your application, it will ask for a supporting document. This can be a utility bill or bank statement, and it must be recently dated.

✔️ Identity

If you need to verify your identity, you will need to upload a copy of your government-issued ID. This can either be a passport or driver’s license.

✔️ Proof of Affordability

If Eagle Finance needs to further validate your affordability, they might ask you to upload a copy of your checking account statement.

If you want to fast-track your application, it might be worth driving to your nearest Eagle Finance center and physically handing the documents in.

Am I Eligible for an Eagle Finance Loan?

Eagle Finance is able to facilitate personal loans to credit scores of all shapes and sizes – even those with bad credit. With that said, you’ll still need to meet some minimum requirements to be considered.

Although Eagle Finance will consider applicants with bad credit, you still need to satisfy the lender that you are able to afford the loan. Typically, you’ll need to show that you have a reasonably good income.

Here’s what Eagle Finance will look at when assessing your eligibility.

✔️ Credit Score

Eagle Finance will run a credit check on you when you submit the application. If you are in possession of a good or excellent credit score, then it’s all-but-certain that you will qualify. With that said, if your credit is in excellent standing, you might not want to use the lender. The reason for this is that the best APR rates are typically offered by established banks and financial institutions.

✔️ Income

Eagle Finance will look at your employment status to determine whether you can afford to take the loan out. The lender prefers those working full-time with a verifiable income. The amount that you take home each month will also be looked at.

✔️ Age and Residency

Regardless of which state you are based in, you need to be aged 18 years or older to qualify for a loan. Moreover, you will also need to be a permanent US resident.

✔️ State

As Eagle Finance only services the four states that it has a physical presence, you will need to be based in Tennessee, Indiana, Kentucky or Ohio. Don’t forget, you’ll need to sign the loan documents and collect the check in person, so make sure your nearest branch isn’t too far.

✔️ Bank Account

As you will be required to make your repayments via a bank transfer, you will need to have a valid checking account. Moreover, the account needs to be able to link-up an electronic debit agreement.

Repaying my Eagle Finance Loan

When it comes to repaying your Eagle Finance loan, you will be required to make fixed payments each month. This will be for the same amount each month, and on the same date of each month. Interestingly, although Eagle Finance does not have the capacity to transfer your loan funds electronically, it requires repayments to be made via your checking account.

As such, you will need to set-up an electronic debit agreement once your application is approved. This will see Eagle Finance debit your checking account automatically. This is beneficial anyway, as it will ensure you never miss a repayment.

Customer Service at Eagle Finance

The Eagle Finance website is heavily outdated, so there is no live chat option. As such, you’ll need to call the support team directly, or visit your local branch.

📱Phone: 800-900-2130

The specific opening hours will depend on your local branch. However, most branches open between 09:00 and 17:00, Monday to Friday.

Eagle Finance Review: The Verdict

In summary, there are certainly better lenders active in the online loan space. In terms of the good points, Eagle Finance allows you to borrow between $1,000 and $10,000, at a loan term of between 8 months and 2 years. We also like the fact that the lender considers applications from all credit profiles. However, that’s where the benefits stop.

Firstly, it’s somewhat strange that the lender requires you to complete the process in-store. Most lenders in 2020 allow you to do this completely online. It is also disappointing that Eagle Finance is not more transparent on what it charges. Instead, the only way you can find your APR is to actually make an application.

Apply for a Payday Loan Now! | Best Payday Lender 2020

Our Rating

Viva payday loan app company logo
  • Loans From $100 to $15,000
  • Instant Application & Approval
  • Bad Credit Considered
  • Lenders From All 50 US States Onboard
Viva payday loan app company logo


How do I repay my Eagle Finance loan?

How much can I borrow from Eagle Finance?

How will I receive my loan funds from Eagle Finance?

What states does Eagle Loans service?

US Payday Loans A-Z Directory


Kane Pepi

Kane Pepi

Kane holds academic qualifications in the finance and financial investigation fields. With a passion for all-things finance, he currently writes for a number of online publications.