Rise is an online lender that has its base in Texas. It has been in business since 2013 and has dealt with thousands and thousands of borrowers since then. It places a particular emphasis on providing personal loans to people who have poor credit which is why the APRs tend to be quite high. There is an easy online application process, and the time to funding is pretty quick.
How to Apply
Applying for a Rise Personal loan is a straightforward process that can be completed in three simple steps:
The application process is designed to be both easy and secure. You have the control to initiate your application. By applying now, you’re taking the first step towards potentially receiving the cash you need as early as tomorrow.*
Follow these steps to initiate the process of obtaining a Rise Credit loan:
- Begin the application by clicking on the “Apply Now” button located on the lender’s official website.
- Enter essential details such as your name, phone number, and Social Security number. Proceed by clicking “Continue.”
- Provide additional information, including your income and address. The lender will then present any available loan offers tailored to your circumstances.
- Upon acceptance of a loan offer, the lender will perform a thorough credit assessment. This step, known as a hard credit pull, is conducted to finalize your approval.
- Typically, loans are disbursed on the next business day following approval, ensuring swift access to the funds you need.
If you’ve received a loan offer via mail, the application process might be expedited. This is because the lender may have already performed a preliminary credit assessment, known as a soft credit pull. In such cases, you’ll need to input personal information, the invitation code, and then accept the offer to proceed.
With Rise, you have the flexibility to select terms that suit your preferences. This includes payment scheduling, giving you the freedom to shape your loan repayment plan. If you decide to settle your loan ahead of schedule, you won’t face additional fees. In fact, doing so might even lead to savings on the overall loan cost.
(Please note that payment schedule options are subject to state-specific restrictions.)
- Social Security Number
- Current address
- Zip Code
While Rise does not disclose its minimum eligibility requirements, you can get a prequalified estimate of your loan options without a credit check.
Application Steps & Time Frames
The application process is streamlined and can be completed in a matter of minutes. Rise has a five-day risk-free guarantee. If you change your mind about the loan within five business days of receiving the funds, you can return the principal and pay no fees. Also, some borrowers can qualify for a lower annual percentage rate as they make on-time payments, although this feature isn’t available in all states.
Funds are generally available within one business day after approval.
Not Available -