Personal Loan Rates And Fee Schedule

Rates and fees

At Rocket Loans, we are committed to providing you with a customized loan to fit your financial goals. We offer loans from $2,000 to $45,000 for 36 or 60 months.

Loan interest rates are set by Rocket Loans and based on the following conditions:

FICO score

Monthly income
DTI ratio
Home ownership
Number of credit inquiries
Loan term

Annual Percentage Rates ("APR") of our loan offers range from a minimum of 8.01% (rate with autopay discount) to a maximum of 29.99% (rate without autopay discount). APR is the cost of credit as a yearly rate. (The APR range allowed in the state where you live may vary.)

Fee schedule

	Amount	Frequency
Late payment fee This fee is assessed if you fail to make any monthly payment within 10 calendar days of its due date (any payment made after 2 p.m. Eastern Time is deemed made on the next business day).	$15.00	Per occurrence
Origination fee This is a one-time, non-refundable fee that you will be charged when your Loan is fully funded. This fee is deducted directly from your Loan proceeds.	Up to 9.99% of loan amount	This is a one-time fee at funding.
ACH return fee/returned check fee This fee is assessed if automated clearing house ("ACH") transfer or checks are rejected or returned (including non-sufficient).	$15.00	Per occurrence

Amount

Frequency

Late payment fee

This fee is assessed if you fail to make any monthly payment within 10 calendar days of its due date (any payment made after 2 p.m. Eastern Time is deemed made on the next business day).

$15.00

Per occurrence

Origination fee

This is a one-time, non-refundable fee that you will be charged when your Loan is fully funded. This fee is deducted directly from your Loan proceeds.

Up to 9.99% of loan

amount

This is a one-time fee at funding.

ACH return fee/returned
check fee

This fee is assessed if automated clearing house ("ACH") transfer or checks are rejected or returned (including non-sufficient).

$15.00

Per occurrence

All loans are made by Cross River Bank, a New Jersey state chartered commercial bank, Member FDIC, Equal Housing Lender. All loans are unsecured, fully amortizing personal loans. Eligibility for a loan is not guaranteed. This is not a deposit product. Please refer to our disclosures and licenses page for state-required disclosures, licenses, and lending restrictions.

Qualified clients using Rocket Loans will see loan options for a 36 or 60 month term, and APR ranges from a minimum of 8.01% (rate with autopay discount) to a maximum of 29.99% (rate without autopay discount) depending upon their credit profile. An origination fee of up to 9.99% is charged for each loan. This fee is deducted from the balance before funds are disbursed to the client. For example, a 5-year $16,000 loan with a 14.55% interest rate and a 6.95% ($1,112) origination fee would have 59 scheduled monthly payments of approximately $376.83 and 1 final monthly payment of approximately $399.09 for an APR of 17.90%. Borrower must be a U.S. citizen or permanent U.S. resident at least 18 years of age. All loan applications are subject to credit review and approval and offered loan terms depend upon credit score, requested amount, requested loan term, credit usage, credit history and other factors. Not all borrowers receive the lowest interest rate. To qualify for the lowest rate, you must have excellent credit, meet certain conditions, and select autopay. Rates and Terms are subject to change at any time without notice.

Ohio Residents: All loans to Ohio residents must be greater than $5,001. The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

Married applicants may apply for a separate account.

Same Day Funding available for clients completing the loan process and signing the Promissory Note by 4:00PM ET on a business day. Also note, the ACH credit will be submitted to your bank the same business day. This may result in same day funding, but results may vary and your bank may have rules that limit our ability to credit your account. We are not responsible for delays which may occur due to incorrect routing number, account number, or errors of your financial institution.

Please refer to our terms of use for additional terms and conditions, and to Rocket Loans' privacy notice and Cross River's privacy notice to learn more about what we do with your personal information. For California residents, please see the California financial privacy opt-out form.