Best Of Product
in Personal Loans from Elevate Credit

in Personal Loans from Elevate Credit
SuperMoney Net Recommendation Score +19  


This product is mostly recommended by SuperMoney users with a score of +19, equating to 3.4 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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Community Rating Mostly recommended
APR  (Fixed APR) 59.9% - 299%
(Verified 09/26/2022)
Loan Amount $1,000 - $5,000
Loan Term (Months) 4 - 36 months
Number of Reviews 84 Review is offered by Elevate Credit, a direct lender founded in 2014 and based in Ft. Worth, TX. are available in 25 states across the USA.

Key Takeaways

  • APRs starting at 59.9%. Personal loan interest rates typically range between 5% and 36%. The starting rates for are on the higher end of the spectrum.
  • Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
  • Prequalified rate. You can check your prequalified rate at Elevate Credit with a soft pull that will not affect your credit score.
  • No origination fee. does not charge a loan origination fee.
  • No late fees. Missing a payment can seriously damage your credit, but will not charge additional fees if you miss the due date on a payment.
  • Short loan terms. have loan terms as short as 4 months.
  • Minimum income of $18,000. You will need an annual income of at least $18,000 to apply for, which is below average for the lenders in our database Pros & Cons

Pros Cons
  • $0 application fee.
  • $0 prepayment fee.
  • Loan options with $0 origination fee.
  • Considers applicants with fair credit.
  • Funding available within 1 business day.
  • APRs as high as 299%. FAQ

What interest rates and personal loan terms does offer? has higher than average interest rates for lenders reviewed on SuperMoney.

What interest rates does offer? offers a fixed APR personal loan product that ranges from 59.9% APR up to 299% APR.

How much can you borrow via

Personal loan amounts start at $1,000 and go up to $5,000.

What is the maximum loan term you can get with offers loans with terms of up to 36 months. Interest Rates & Loan Terms
Personal Loan Amount $1000 - $5000
Loan Term 4 - 36 months
APR 59.9% - 299%

What fees does charge?

Does charge an origination fee? 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 charge a late fee?

No, will not charge you a late fee if you miss one of the monthly payments.

Does charge prepayment fees?

No, 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. Fees
Origination Fee No
Prepayment Fee No
Late Payment Fee No

What do you need to qualify for

Applicants with a credit score of at least 450 and up to 700 may be eligible for The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for personal loans with, applicants need a minimum annual income of $18,000 or higher. 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 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 and permanent resident / green card holders are eligible to apply for the services offered by

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 Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 450 - 700

    What is the estimated funding time for a personal loan via will typically approve (or deny) a loan application within 24 hours and fund loans within 3 business days of approval.

    Does report your account activity to credit bureaus?

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

    • Experian
    • Transunion
    • Clarity Services

    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.

    Are legit?

    Elevate Credit was founded in 2014, it is a well-established company that has been in business for 9 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company. 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 Capital Community 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

    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 Capital Community 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.

    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.


    Hours of Operation

    • Sunday Closed
    • Monday 9:00am - 5:00pm
    • Tuesday 9:00am - 5:00pm
    • Wednesday 9:00am - 5:00pm
    • Thursday 9:00am - 5:00pm
    • Friday 9:00am - 5:00pm
    • Saturday Closed

    Other Services by Elevate Credit


      Available in 25 states
    • Alaska
    • Arizona
    • Delaware
    • Florida
    • Idaho
    • Indiana
    • Kansas
    • Kentucky
    • Louisiana
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Mexico
    • Ohio
    • Oregon
    • South Carolina
    • Tennessee
    • Texas
    • Utah
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Late Fees
    No Origination Fee
    No Prepayment Fee
    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 450 - 700
    Approval Speed 24 hours
    Credit Bureau Reporting
    • Experian
    • TransUnion
    • Clarity Services
    Funding Time Range 1 - 3 days
    Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
    • Bank Transfer
    Pre-Qualified Soft Credit Inquiry
    APR Type Fixed APR
    Loan Amount $1,000 - $5,000
    APR (Fixed APR) 59.9% - 299%
    (Verified 09/26/2022)
    Loan Term 4 - 36 months Community Reviews


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    This product is mostly recommended by SuperMoney users with a score of +19, equating to 3.4 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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