RISE Personal Loans

in Personal Loans from Elevate Credit

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RISE Personal Loans


in Personal Loans from Elevate Credit

SuperMoney Net Recommendation Score -5%



Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Mostly not recommended

34 users recommend
10 users are unsure
38 users don't recommend
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Community Rating Mostly not recommended
APR  (Fixed APR) 50% - 299%
Loan Amount $500 - $5,000
Loan Term (Months) 4 - 26 months
Number of Reviews 82

RISE Personal Loans Review

RISE Personal Loans is offered by Elevate Credit, a direct lender founded in 2014 and based in Ft. Worth, TX. RISE Personal Loans is available in 10 states across the USA.

Key Takeaways
  • Fast access to funds. In some cases you can get your money within 1 business day.
  • Hard credit pull required. You can't check your rates or see if you prequalify for RISE Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
  • No origination fee. RISE Personal Loans does not charge a loan origination fee.
  • Short loan terms. RISE Personal Loans offers loan terms as short as 4 months. Most personal loans have a minimum term of 12 to 36 months.
RISE Personal Loans Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • $0 origination fee.
  • Considers applicants with fair credit.
  • Funding available within 3 business days.
  • APRs as high as 299%.
  • Do not offer pre-approval with soft credit pull.
  • Charges a late fee.
RISE Personal Loans FAQ

What rates and terms does RISE Personal Loans offer?

RISE Personal Loans has higher interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does RISE Personal Loans offer?

RISE Personal Loans offers a personal loan product that ranges from 50% APR up to 299% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via RISE Personal Loans?

Loan amounts start at $500 and go up to $5,000

What can a personal loan from RISE Personal Loans be used for?

Personal loans from RISE Personal Loans are typically used for special purchases, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.

What is the maximum loan term you can get with RISE Personal Loans?

RISE Personal Loans offers personal loans with terms ranging from 4 to 26 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

RISE Personal Loans Rates & Terms
Loan Amount $500 - $5000
Loan Term 4 - 26 months
APR 50% - 299%

What fees does RISE Personal Loans charge?

Does RISE Personal Loans charge an origination fee?

RISE Personal Loans does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does RISE Personal Loans charge a late fee?

Yes, RISE Personal Loans may charge borrowers a late payment fee, which is triggered if you're 7 days late.

Does RISE Personal Loans charge prepayment fees?

No, RISE Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

RISE Personal Loans Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for RISE Personal Loans?

Applicants with a credit score of at least 450 and up to 650 may be eligible for RISE Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

RISE Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. RISE Personal Loans only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the RISE Personal Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by RISE Personal Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid personal checking account
  • Proof of citizenship or residence permit
RISE Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 450 - 650

    What is the estimated funding time for a personal loan via RISE Personal Loans?

    RISE Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 3 business days of approval.

    Does RISE Personal Loans report your account activity to credit bureaus?

    Yes, RISE Personal Loans reports your account activity to the following credit reporting agencies:

    • Transunion

    Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

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    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.


    • Headquarters
    •   4150 International Plaza
      Suite 300
      Ft. Worth, TX 76109
    •   Visit Site

    Other Services by Elevate Credit


      Available in 10 states
    • Delaware
    • Idaho
    • Illinois
    • Mississippi
    • Missouri
    • New Mexico
    • North Dakota
    • South Carolina
    • Utah
    • Wisconsin

    Feature Breakdown

    No Origination Fee  
    No Prepayment Fee  
    Late Fee Grace Period 7 days
    Checking Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted Individual Applications
    Military Status
    • Non-Military
    • Veterans
    Minimum Age 18
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Verification Documents Required Proof of citizenship/residence (Green Card)
    Credit Score Range 450 - 650
    Approval Speed 24 hours
    Credit Bureau Reporting TransUnion
    Funding Time Range 1 - 3 days
    Payment Options Automatic Payments
    Loan Amount $500 - $5,000
    APR (Fixed APR) 50% - 299%
    Loan Term 4 - 26 months

    RISE Personal Loans Community Reviews


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    Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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