SuperMoney Personal Loans

in Personal Loans from Elevate Credit

Claimed Apply Now Get Personalized Rates Personal Loans


in Personal Loans from Elevate Credit

SuperMoney Net Recommendation Score +15


This product is mostly recommended by SuperMoney users with a score of +15, equating to 3.3 on a 5 point rating scale.


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 recommended

40 users recommend
10 users are unsure
28 users don't recommend
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Community Rating Mostly recommended
APR  (Fixed APR) 50% - 299%
Loan Amount $500 - $5,000
Loan Term (Months) 4 - 26 months
Number of Reviews 78 Personal Loans Review Personal Loans is offered by Elevate Credit, a direct lender founded in 2014 and based in Ft. Worth, TX. Personal Loans is available in 26 states across the USA.

Key Takeaways
  • APRs starting at 50%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Personal Loans are on the higher end of the spectrum.
  • 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 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. Personal Loans does not charge a loan origination fee.
  • No late fees. Missing a payment can seriously damage your credit, but Personal Loans will not charge additional fees if you miss the due date on a payment.
  • Short loan terms. Personal Loans offers loan terms as short as 4 months. Most personal loans have a minimum term of 12 to 36 months.
  • Minimum income of $18,000. You will need an annual income of at least $18,000 to apply for Personal Loans, which is below average for the lenders in our database
Rise Credit 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.
Rise Credit FAQ

What interest rates and personal loan terms does Rise Credit offer?

Rise Credit has higher than average interest rates for lenders reviewed on SuperMoney.

What interest rates does Rise Credit offer?

Rise Credit offers a fixed APR personal loan product that ranges from 50% APR up to 299% APR.

How much can you borrow via Rise Credit?

Business loan amounts start at $500 and go up to $5,000.

What is the maximum loan term you can get with Rise Credit?

Rise Credit offers loans with terms of up to 26 months.

Rise Credit Interest Rates & Loan Terms
Personal Loan Amount $500 - $5000
Loan Term 4 - 26 months
APR 50% - 299%

What fees does Rise Credit charge?

Does Rise Credit charge an origination fee?

Rise Credit does not charge a personal loan origination fee.

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

Does Rise Credit charge a late fee?

No, Rise Credit will not charge you a late fee if you miss one of the monthly payments, which is triggered if you're 7 days late.

Does Rise Credit charge prepayment fees?

No, Rise Credit does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

Rise Credit Fees
Origination Fee No
Prepayment Fee No
Late Payment Fee No

What do you need to qualify for Personal Loans?

Applicants with a credit score of at least 500 and up to 699 may be eligible for Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for personal loans with Personal Loans, applicants need a minimum annual income of $18,000 or higher. Personal Loans only considers borrowers who are employed and meet the minimum income requirement.

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 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 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 Credit Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 500 - 699

    What is the estimated funding time for a personal loan via Rise Credit?

    Rise Credit will typically approve (or deny) a loan application within 24 hours and fund loans within 3 business days of approval.

    Does Personal Loans report your account activity to credit bureaus?

    Yes, 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. Personal Loans Disclosure: This loan example is based on a monthly payment schedule. Payment schedules will align with your pay frequency as reported on your application. Loans are offered only to residents in states where permitted by law. To obtain credit, you must apply online and have a valid checking account (savings and prepaid accounts are not accepted), a job or regular source of income and email address to receive account information. Approval for credit and the amount for which you may be approved are subject to minimum income requirements and vary by state. In some cases, we may not be able to verify your application information and may ask you to provide certain documents, which may require you to log into your bank account or provide proof of income. Refer to Rates & Terms for additional details. Complete disclosures of APR, fees and payment terms are provided within your Agreement. 1Applications processed and approved before 6pm ET are typically funded the next business day. 2May be subject to minimum loan amount and loan term restrictions. Please visit for details. 3You have 5 business days from your loan origination date to change your mind. If you decide that the loan isn’t right for you, simply call the toll-free customer service number at 866-580-1226, repay the principal within the 5 business day period and there will be no charges. In KS, TN and TX, installment loans are originated by Community Capital Bank, a Utah Chartered bank, located in Provo UT, Member FDIC. In AK, AZ, FL, HI, IN, KY, LA, MI, MN, MT, NE, NV, OH, OK, OR, WA and WY, Installment loans are originated by FinWise Bank, a Utah charted bank, located in Murray, UT, Member FDIC.
    SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    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.

    Message From Personal Loans

    For the millions of Americans who have limited access to credit products, is a smarter borrowing option. lenders offer installment loans with flexible payment schedules2 and the ability to pay off early with no prepayment penalties or fees. Customers pay for only the number of days they keep the loan. In addition, provides a 5-day risk-free guarantee3 that allows customers to pay back only the principal with no interest if they decide the loan isn’t right for them. With features like fast approval, credit bureau reporting, free credit score monitoring, financial wellness tools, and flexible loan terms, is more than just a loan – it’s a path toward a brighter financial future. In KS, TN and TX, installment loans are originated by Community Capital Bank, a Utah Chartered bank, located in Provo UT, Member FDIC.

    Message From Our Editor

    What We Love About RISE Loans

    RISE is another company that is revolutionizing the personal loan industry. The company offers installment loans with an easy online application, instant or near-instant decisions, and funding as quickly as the next business day. This is what today’s consumers want-- quick, easy lending and solutions that fit those needs.

    Of course, our favorite feature of RISE is that there’s a five-day guarantee on all loans. That’s right-- consumers have up to five business days from the financing of the loan to decide they don’t want the money after all. If they decide against the loan, they simply repay the principal, and there will be no fees assessed.

    What Could RISE Do Better?

    RISE currently has some shocking APRs, but that’s to be expected with installment loans. These types of “quick cash” loans are designed for emergencies, and because of their high-risk nature, they come with much higher interest rates. Thus, the loans are typically best used by those with only an urgent need and no other options. RISE could do well to be that lender for people, but if they expand their offerings and find a better interest rate bracket, they could also increase their consumer base and provide more solutions for all types of lenders.

    RISE's Backstory

    RISE was founded by people who wanted to help others with less-than-perfect credit who needed financial options. Personal loans are known for being difficult to obtain without perfect credit, so the RISE model allows more people to get the funding they require without the costs. The short-term installment loans are an alternative to traditional lending, and the company has a strong reputation in the industry for helping people with alternative financing.

    The Verdict

    RISE is a great choice for people who need large sums of cash fast. However, with the high interest rates and shorter repayment terms, it might not be the ideal solution for every lending need.

    It’s best to apply to multiple lenders and see if you can get better rates elsewhere. At Supermoney, we have lender reviews to help you learn about the best providers and a loan engine that will help you compare your options in one place.


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

    Other Services by Elevate Credit


      Available in 26 states
    • Alaska
    • Arizona
    • Delaware
    • Florida
    • Idaho
    • Indiana
    • Kansas
    • Kentucky
    • Louisiana
    • Michigan
    • Minnesota
    • Missouri
    • Mississippi
    • Montana
    • Nebraska
    • New Mexico
    • Nevada
    • Ohio
    • Oklahoma
    • Oregon
    • South Carolina
    • Tennessee
    • Texas
    • Utah
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Origination Fee
    No Prepayment Fee
    Late Fee Grace Period 7 days
    No Late Fees
    Checking Account Required
    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Individual Applications
    Military Status
    • Non-Military
    • Veterans
    Minimum Age 18
    Minimum Annual Income $18,000
    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 500 - 699
    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 Personal Loans Community Reviews


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    This product is mostly recommended by SuperMoney users with a score of +15, equating to 3.3 on a 5 point rating scale.


    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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