Simple and secure online process
Now offering Same Day Funding!
Pre-approved offers within seconds
No pre-payment penalties
Checking your options won't affect your credit score.
Want to see more reviews? Check them out on Trustpilot.
A personal loan is an unsecured installment loan with a fixed interest rate that is repaid in equal monthly payments. You may be able to receive up to $45,000 by the next business day to take control of your financial goals - whether that's consolidating debt, making home improvements, or making a major purchase.
Our Rocket Loans process is simple, convenient, and completely online to get you the money you need as quickly and efficiently as possible. A personal loan allows you to simplify your finances with a single, fixed monthly payment. There are no pre-payment penalties or hidden fees.
Rocket Loans platform works by sharing data electronically, so we'll need you to:
A finance charge is the total cost of the loan, including all interest and fees incurred at the time of origination (i.e. fees that are financed). See below for an example:
Loan Amount
$10,000.00
Monthly Payment
217.42
Interest Rate
11.00%
APR
13.26%
Time to Pay Off
5 years
Finance Charge
$3,545.45
-$2,048.78
Less in interest
Loan Amount
$10,000.00
Monthly Payment
217.42
Interest Rate
12.99%
APR
16.00%
Time to Pay Off
6 years
Finance Charge
$5,594.23
+$2,048.78
More in interest
Loan Amount
$10,000.00
Monthly Payment
217.42
Interest Rate
11.00%
APR
13.26%
Time to Pay Off
5 years
Finance Charge
$3,545.45
-$2,048.78
Less in interest
Loan Amount
$10,000.00
Monthly Payment
217.42
Interest Rate
12.99%
APR
16.00%
Time to Pay Off
6 years
Finance Charge
$5,594.23
+$2,048.78
More in interest
Credit card example above assumes a $10,000 balance making a monthly payment of $217.42 at 16.00% APR as calculated using the CreditCards.com Minimum Payment Calculator versus a Rocket Loans Personal Loan of $10,000 including interest and a 5% origination fee and making a monthly payment of $217.42 based on an interest rate and APR with an autopay discount. Actual savings may vary based on the actual APR of existing credit cards and the APR of a personal loan you may obtain through Rocket Loans.
| Origination Fee (2.99%)* | Net Funds Deposited Into Your Account | Term | Monthly | Annual Percentage Rate (APR) | Interest Rate | Total Interest | Total Finance Charge |
|---|---|---|---|---|---|---|---|
$299 |
$9,701 |
60 Months |
$214.94 |
11.86% |
10.5% |
$3,204.03 |
$3,503.03 |
| Origination Fee (2.99%)* | $299 |
|---|---|
| Net Funds Deposited Into Your Account | $9,701 |
| Term | 60 Months |
| Monthly | $214.94 |
| Annual Percentage Rate (APR) | 11.86% |
| Interest Rate | 10.5% |
| Total Interest | $3,204.03 |
| Total Finance Charge | $3,503.03 |
The interest represented assumes full payments each month for the entire term of the loan using autopay repayment. Rocket Loans personal loans never have pre-payment penalty, so the loan can be repaid at any time by making a full payment of the remaining balance and incurred interest at the time of payoff.
Qualified clients using Rocket Loans will see loan options for 36 or 60 month term, and APR ranges from a minimum of 7.161% (rate with autopay discount) to a maximum of 29.99% (rate without autopay discount).
*An origination fee of 1% - 6% is charged to each loan. The fee will be deducted from the balance of the loan before the funds are disbursed to the client.
Checking your options won't affect your credit score.
