Financial Smarts

Loan options
Overview
Tools & resources
What is debt consolidation?
Does debt consolidation hurt your credit?
Which is better: debt consolidation vs. debt settlement?
Overview
Tools & resources
Home improvement ideas: a definitive guide
Personal loan for home improvement: is it the right choice?
Home improvements that add value and provide a return on investment
Overview
Tools & resources
5 ways to consolidate credit card debt
Should you use a personal loan to pay off credit card debt?
Credit card refinancing: what is it and who should use it?
Overview
Tools & resources
Wedding loans: how to get a loan for a wedding
What is a medical expense personal loan?
Moving loans: how to refinance your relocation expenses
Loan process
Overview
Learn about our simple personal loans process, from applying online to receiving your money.
Resources
Overview
Tools & resources
What type of loan do I need?
What can I do with a personal loan?
Personal loan requirements
Overview
Get in touch with a Rocket Loans expert by email or phone.
Overview
Explore common personal loan questions and answers.

(800) 333-7625
Sign in
Apply now

Home
/
Learn
/
Financial Smarts

6 of 5

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% 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.

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.

Rocket Homes

Get a real estate agent handpicked for you and search the latest home listings.

Rocket Mortgage

Buy a home, refinance or manage your mortgage online with America's largest retail mortgage lender.*

Rocket Money

Save more, spend less, see everything, and take back control of your financial life.

Rocket Card

Earn up to 5% cash back in mortgage savings on every tap or swipe - using the card designed with home in mind.

Rocket Loans

Get a personal loan to consolidate debt, renovate your home and more.

Rocket Pro

Build and grow your wholesale lending business.

About us

About us
Frequently asked questions
Reviews
Social impact
Rocket Companies

Legal

Customer notice
Disclosures and licenses
Terms of use
Privacy policy
Notice at collection
Do not sell or share my personal information

Support

Talk to us
Site accessibility

^*Based on Rocket Mortgage data in comparison to public data records.

NMLS #1399530. Go here for Rocket Loans' NMLS consumer access page.

RockLoans Marketplace LLC dba RocketLoans dba Rocket Loans | 1050 Woodward Ave, Detroit, MI 48226

Rocket Mortgage, LLC, Rocket Homes Real Estate LLC, Rocket Card, LLC, RockLoans Marketplace LLC (doing business as Rocket Loans) and Rocket Money, Inc. are separate operating subsidiaries of Rocket, LLC. Each company is a separate legal entity operated and managed through its own management and governance structure. Rocket Companies, Inc. (NYSE: RKT) is the sole managing member of Rocket, LLC.