Rocket Loans
Online Payday Personal Consumer Loans up to $5,000
Easy Application, Fast Processing, Quick Approval, Any Credit Score
Request a LoanRocket Loans is a lender and part of the Quicken Loans family, which was established in 1985. Head-quartered in Detroit, the company offers quick and easy online personal loans ranging between $2.000 and $45.000. Their interest rates range between 5.98% and 29.99%.
| Company name | RockLoans Marketplace LLC |
| Founded | 2015 |
| Address | 1274 Library Street, 2nd Floor, Detroit, MI 48226 |
| Website | rocketloans.com |
| Phone number | (800) 333-7625 |
| Support@RocketLoans.com |
Pros
- Same-day funding for loans under $25,000
- Soft credit check with pre-qualification
- No impact on credit scores
- No prepayment penalties
- Borrow up to $45,000
- Suited for startups
- Extended repayment terms
- Rate discount for autopay
Cons
- Credit matters
- No co-sign, joint or secured loan option
- Potentially high APR
- Limited options for repayment periods
- Unsuited for large businesses
- Does not offer direct payment to creditors for debt consolidation loans
- Fees for late payments or insufficient funds
- Origination fee ranging from 1% to 6% of loan amount
Bottom line
Rocket Loans offers relatively low interest rates for consumers with fair credit, and money transfer can be as fast as the same or next business day. If you’re look-ing for a fast personal loan and want to complete the entire process online, this company could be the right lender for you. And if you have good credit and a high income, you will probably have no trouble qualifying for a personal loan with competitive rates and terms. Still, it’s important to explore other options in the lending market to ensure you are getting into the best deal. Get pre-qualified with Rocket Loans to check what they offer but don’t be afraid to compare offers from other lenders.
Types of loans
Rocket Loans offer only personal loans between $2,000 and $45,000. They can be used for a range of expenses, including medical bills, credit card debt consolidation, home improvement, auto expenses and small business costs.
Loan requirements
You must meet the following eligibility criteria to be approved for a loan with Rocket Loans:
- US citizen or permanent resident
- Age 18+
- Valid bank account
- At least 2 years of credit history
- Annual income of at least $24,000
- Credit score of 640 or higher
Category: Online Loans
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Posted by Deborah Wagner