Possible Finance personal loans: 2025 Review

Possible Finance is best for longer repayment terms than payday loans

If you’re in a cash crunch and need more than two weeks to repay the money you borrow, a Possible Finance loan may help you bridge the gap with up to $500. With repayment terms of up to eight weeks, you’ll have more time to juggle your finances and get caught up than you would with a payday loan. Funds may be available within minutes of approval, which can be a major relief if you need emergency funds. 

Possible Finance personal loan purposes

Although the lender's website doesn’t list any limits on how your funds are used, the $500 loan cap makes them a good fit for small necessary expenses, like utility bills, groceries or gas to get you to work. The fees can be steep depending on where you live, so it’s best to only use the funds for emergencies after you have exhausted other options.

Where Possible Finance stands out

• Same-day funding available: You may have funds within hours of submitting your application if you have an approved debit card. Otherwise you’ll usually receive funds within five business days. 
• No credit check: Possible Finance doesn’t consider your credit score to qualify. Instead, it reviews your income and banking activity. 
• Longer term with flexible grace period: With payment plans as long as eight weeks, you’ll have more breathing room to repay the loan. An additional 29-day payment grace period can give you extra time if you need it. 

Where Possible Finance falls short

• High APRs: The APR for a Possible Loan with a term of eight weeks may be lower than a payday loan, but it’s still in the triple digits, making it a costly loan option. 
• No phone support: The lender’s website only offers an email contact form, with no published phone support number or hours. 
• Not available in all states: Possible Loans are currently only available in 23 states. 
• Minimum income requirement: You may not qualify unless you can verify a monthly income of at least $750. 

Possible Finance customer resources

Customer support

Possible Finance doesn’t list a customer support phone number. There is a contact form with instructions to submit a request between 10 a.m. to 5 p.m. PT, but it’s not clear if that is seven days a week or just weekdays. 

Digital experience

Possible Finance’s average App Store rating is 4.8 out of 5 stars with more than 103,000 reviews given. Feedback consistently cites the ease of getting approved and receiving funds. It appears that Possible Finance has representatives that monitor feedback on the app to address concerns that users have, which is an added customer service touch that many other lenders don’t match. 

How this lender compares

Do you qualify for a Possible Finance personal loan? 

Standard qualifying requirements for a Possible Finance loan include:

• A valid bank account with a positive balance. 
• Income of at least $750 per month.
• Proof of regular income deposits.
• Minimum returned checks and insufficient funds fee on your bank account. 

How Bankrate rates Possible Finance