Splash Financial Personal Loan Marketplace: 2025 Review

4.7 _/5

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Our take: Splash works with fewer partners than some competitors, which may limit your options, especially if you have less-than-perfect credit. For broader access to lenders and higher prequalification odds, we think Credible, which offers a $200 Best Rate Guarantee, and and LendingTree, which works with more than 300 lenders, may be better fits for many users.

Personal Loans

• Quick prequalification
• Competitive rates for qualifying borrowers
• User-friendly platform

• Fewer options for users with poor credit
• Limited information about lending partners

Rates (APR)	8.99% – 35.99%
Loan amounts	$1,000 – $100,000
Repayment terms	2 – 7 years

Splash Financial is a loan platform where you can browse offers from lenders across the U.S. To prequalify for a loan, just answer a few questions and agree to let Splash run a soft credit check, which won’t affect your credit score.

Splash offers other products, including HELOCs and student loan refinancing, but in this review, we’ll focus on Splash personal loans. You might use a personal loan to consolidate debt, fund home improvements, or cover major expenses. Splash makes it easier to compare rates across multiple lenders and ensure sure you’re getting a loan with competitive terms.

Table of Contents

1. How it works
   1. Rates and terms
   2. Eligibility
2. How to use Splash
3. Is it safe and legit?
4. What we like
   1. What Splash could improve
5. Customer experience
6. Splash alternatives
   1. vs. Credible
   2. vs. LendingTree
7. Should you try Splash?
8. FAQ

How Splash Financial works

Splash Financial does not provide personal loans directly. It’s a marketplace that works with a network of vetted lenders offering a range of loan products.

When you’re shopping for a personal loan, looking through different lenders’ rates can be overwhelming, especially if you need funds fast. Splash streamlines this process, letting you browse rates and terms from multiple partner lenders.

A personal loan is typically unsecured, meaning it doesn’t require collateral. However, some lenders might ask for collateral, like a savings account or a vehicle, in exchange for a loan. Personal loans usually come with fixed interest rates and repayment terms.

Loan rates and terms

Personal loans on Splash range from $1,000 to $100,000, with rates of 8.99% to 35.99% APR. Loan terms are usually two to seven years. Of course, the details are lender- and loan-specific.

Who qualifies?

Lenders on Splash typically prefer borrowers with a credit score of at least 660. However, qualification requirements vary by lender. Your income, debt-to-income ratio, and financial history may all influence your eligibility for a loan.

A quick initial prequalification allows you to explore your options on Splash without compromising your credit score. This helps you understand what you can expect, like the maximum loan amount and rate range. Once you choose an offer, you’ll need to undergo a hard credit check and provide any documentation the lender asks for.

How to use Splash

To start using Splash, you must first provide an email or sign in with your Google account. Next, you’ll need to specify:

1. How much you want to borrow
2. What you plan to use the funds for

3. Your employment status and income, plus any other income sources, like child support or disability

4. Any credit card cash advances you’ve taken in the past six months
5. Your current living situation (homeowner, renter) and your monthly housing payment

6. Your citizenship status, address, phone number, and the last four digits of your Social Security number

From our experience, this process is straightforward and only takes a couple of minutes. Once you’ve provided the details above, Splash will give you a list of potential offers. It may also direct you to one of its partner marketplaces if it can’t find a matching lender in its database.

Is it safe and legit to use?

Yes, Splash is a reputable loan marketplace with a detailed and transparent privacy policy. It uses rigorous encryption to protect your private information and partners with established, trusted lenders.

Splash has been around since 2013 and has earned overwhelmingly positive reviews. It’s an A+ BBB-accredited business with only five total registered complaints (all of them resolved) in the last three years (as of July 2025).

What we like

Splash Financial is a convenient, borrower-friendly, and trustworthy loan marketplace. It lets you compare offers from various lenders in a few clicks and helps you source a loan on favorable terms without spending. excessive time searching manually. We like the platform’s:

• Competitive minimum rates, especially for borrowers with strong credit
• Quick prequalification process
• Clean, intuitive interface
• Trusted lending partners

What Splash could improve

Although Splash is certainly a high-quality loan marketplace, we would appreciate more transparency about the platform’s lending partners. Splash doesn’t disclose the full network of the banks and credit unions it works with, and you’ll only see some of its lenders once you complete the prequalification stage.

Customer experience

Splash boasts a 4.8 rating on Trustpilot, based on more 1,500 reviews in July 2025. Most are 5-star reviews from users who appreciate the platform’s speed, simplicity, and fast loan approval times.

Received my finds quickly and paid off my credit cards that I would be paying on FOREVER!

—Trustpilot review

I wanted to pay off a high-interest loan… my rate with Splash was more than 10% lower at the same terms, so I saved thousands of dollars. Start to finish was less than 6 hours with funds in hand.
—Trustpilot review

Splash alternatives

Although Splash is a robust lending platform, you might want to explore other loan marketplaces as you search for the best personal loans.

Splash vs. Credible

Credible is another well-known loan marketplace that helps you compare rates and terms from multiple lenders. It offers personal loans, home loans, mortgage refinancing, HELOCs, and student loans. Like Splash, Credible starts its process with a quick prequalification and goes on to show offers from its lending partners.

We believe Credible has an edge over Splash thanks to its $200 Best Rate Guarantee: If you close on a comparable personal loan offer at a better rate than any of Credible’s lending partners provide, Credible promises a reward of $200.

Splash vs. LendingTree

LendingTree is one of the largest online loan marketplaces, with access to offers from more than 300 lenders. While Splash also connects borrowers to vetted lending partners, its network is smaller, which may limit your options, especially if you’re hoping to compare a wide range of offers.

LendingTree’s sheer variety makes it a strong choice for borrowers who want to cast a wide net and improve their odds of finding a low rate or qualifying offer. Like Splash, LendingTree uses a quick prequalification process with a soft credit check and can match you with personal loan offers in minutes.

Should you try Splash?

Splash is a solid platform if you need a personal loan and don’t have much time to compare lenders. It features a quick, hassle-free prequalification process that matches you with loan options based on your credit score and repayment capacity.

You can use Splash personal loans to consolidate high-interest debt or cover major planned expenses. We recommend browsing other loan platforms, especially Credible and LendingTree, to ensure you’re getting the best deal. However, Splash is a convenient and useful loan aggregator.

FAQ

How fast does Splash process loan applications?

The initial prequalification only takes a few minutes. Once you move forward with an offer, the approval timeline depends on the lender. While many Splash users receive funds within one business day, some applications may take a couple of days to process.

How does Splash Financial earn money?

Splash is 100% free for borrowers. Its lending partners pay a commission every time a borrower accepts a loan offer through Splash. These fees add no costs to your loan.

Will applying for a loan through Splash Financial affect my credit score?

The prequalification step won’t influence your credit score. However, accepting a loan offer means you submit to the lender’s hard credit inquiry, which could lower your credit score by a few points. This small, temporary dip should rebound within a couple of months, provided you make consistent loan repayments and avoid new debt.

Can I qualify for a loan via Splash Financial if I have poor credit?

Splash primarily targets borrowers with average to excellent credit. If you have poor credit, you could still match with some of the platform’s lending partners, but you will likely see fewer options and higher loan rates. That said, you could still run a rate check on Splash while comparing offers from other loan marketplaces.

What will a lender consider before approving me for a loan?

Every Splash lending partner has unique approval requirements for personal loans. However, typically lenders will look into your credit score, income, employment status, and debt-to-income ratio. The prospective lender will also likely check your credit history, especially any recent missed payments or credit card cash advances.

How we rated Splash Financial

We designed LendEDU’s editorial rating system to help readers find companies that offer the best personal loans. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.

We compared Splash to several personal loan lenders, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take is represented in our rating, recapped below.