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Federal Trust Personal Loans Review

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Federal Trust is an online portal that connects consumers who want personal loans with potential lenders.

The company offers a quick and convenient comparison tool and the ability to apply for unsecured personal loans in minutes.
 
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How is Federal Trust rated?

Breakdown

3.0/5
Flexibility
3.0/5
Interest Rates
3.0/5
Discounts & Fees
3.0/5
Customer Service and Reputation

Overall Rating: 3 / 5 (Average)

Federal Trust provides a simple, easy-to-use website that allows consumers to connect with the lenders who are most likely to be able to meet their needs.

Though the business is new, it appears to be a promising resource for people searching for the best possible personal loan.

Federal Trust Loan Specifics

Loan Specifics - 3 / 5

Loan specifics vary significantly among lending companies and are not set by personal loan marketplaces.

Once they have been matched with a loan company, consumers should make absolutely sure they understand the loan length, terms, and processes.
Loan Minimum
$1,000.00
Loan Maximum
$100,000
Term Length
24 - 84 months

Federal Trust Qualification

Qualifications & Flexibility - 3 / 5

The determination of whether an applicant qualifies for a personal loan is made by the lender that Federal Trust matches its customers with.

Federal Trust does not impose its own qualification requirements.

Federal Trust Cost of Loan

Costs, Interest Rates, Discounts & Fees - 3 / 5

Federal Trust is a personal loan marketplace, not a direct lender.

Details about interest rates, fees, and other charges are set by the lenders that Federal Trust recommends.

Consumers are advised to review those charges carefully taking out a personal loan, regardless of the source.
APR Range
3.84% - 35.99%

Federal Trust Reputation

Customer Service and Reputation - 3.5 / 5

Federal Trust is a new entrant into the personal loans marketplace and consequently has no online reputation to draw from.

However, the site has taken the types of steps to protect consumers' personal identifying information that are consistent with best practices in the industry.

This small pro-consumer step bodes well for the future reputation of the business.
Type of Institution
Marketplace
Headquarters Address
Plaza del Mar Office Building Suite 220, Vega Alta, Puerto Rico, 00917
Homepage URL
https://www.federaltrustloans.com

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Customer Comments & Reviews

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G
Gloria M
5/2/2022
Company is a scam i started with $60.00 fee and in 7 months I payed them $40,000 for a $63,000 ($23,00 so-called delayed compensation) and have yet to receive any money. They assure you you will receive cash each time you pay the money and renege each time which is a setup to continue paying the money in order to get your payout and before you know it you rack up $40,000 and it keeps going with no end in sight-I was forced to quit the scam because I could take the financial and emotional hit-they will have you close to suicidal from the stress the scheme puts on your budget making these endless payments and you never get your cash STAY AWAY you will regret every minute you spent on this... Read More

L
Leonard P
1/18/2019
Great Company, will work with anyone. Gave me 100,000$ even with bad credit.

Our Partner

Federal Trust

  • Loan Amount: $1,000 - $100,000
  • APR: 3.84% - 35.99%
  • Loan Term: 24 - 84 months
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