Rise Credit 2025 Personal Loan Review




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Our Take
A Rise installment loan, designed for bad-credit borrowers, is costly and best considered only after trying alternatives.
Pros
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Can pre-qualify with a soft credit check.
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May accept borrowers with bad credit.
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Next-day funding.
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Offers a satisfaction guarantee.
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Free credit score access and credit monitoring.
Cons
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Rates exceed 36%.
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Does not offer large loans.
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Available in a limited number of states.
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Reports payments to only two of the three major credit bureaus.
Lender | Est. APR | Loan amount | Min. credit score | |
---|---|---|---|---|
Check Rateson NerdWallet on NerdWallet | 8.99-
35.49% | $5,000-
$100,000 | None | Check Rateson NerdWallet on NerdWallet |
![]() Check Rateson NerdWallet on NerdWallet | 6.49-
24.89% | $5,000-
$100,000 | 660 | Check Rateson NerdWallet on NerdWallet |
Check Rateson NerdWallet on NerdWallet | 7.90-
35.99% | $1,000-
$60,000 | 600 | Check Rateson NerdWallet on NerdWallet |
![]() Check Rateson NerdWallet on NerdWallet | 7.74-
35.99% | $1,000-
$50,000 | 600 | Check Rateson NerdWallet on NerdWallet |
Check Rateson NerdWallet on NerdWallet | 6.99-
35.99% | $2,000-
$50,000 | 600 | Check Rateson NerdWallet on NerdWallet |
Full Review
Editor’s note: Rise Credit did not respond to our most recent request for details regarding its personal loan product. We reviewed its website and attempted to contact company representatives, but some of the information presented here may not be complete. Due to the lack of verifiable information, NerdWallet did not give Rise Credit’s personal loan a star rating.
Rise Credit is an online lending platform that offers loans designed for borrowers who cannot get a loan from a traditional bank or lender. It markets its loans as alternatives to payday loans.
Rise loans’ interest rates can reach 299% in some states, making these loans an expensive way to borrow money. NerdWallet recommends avoiding loans with rates above 36%, unless you’ve ruled out all other options.
» COMPARE: Best personal loan lenders
Rise Credit personal loans at a glance
Minimum credit score | None. |
APR range | 59.80% - 299.00% |
Fees | Not disclosed. |
Loan amount | $500-$5,000. |
Repayment terms | 7 to 36 months. |
Time to fund after approval | 1 business day. |
Where Rise Credit personal loans stand out
Can pre-qualify with a soft credit check: Rise Credit lets you check your eligibility and view loan offers without a hard credit pull, which can ding your credit score. This allows you to freely compare loan options from multiple lenders.
May accept borrowers with bad credit: Having bad credit (a score from 300 to the high 500s) may not keep you from getting a Rise loan. However, bad-credit borrowers tend to get higher interest rates than borrowers with better credit.
Next-day funding: Rise says it can make a loan decision within minutes after receiving an application and can fund a loan as early as the next business day for loans approved by 6 p.m. ET.
Offers a satisfaction guarantee: Rise has a 5-day risk-free guarantee. If you decide you do not want the loan, you can return the money with no interest charges or fees as long as you do so by 5 p.m. ET on the fifth business day after signing the loan documents.
Free credit score access and monitoring: Rise lets you view your credit score at no cost and lets you set up free credit monitoring alerts.
Where Rise Credit personal loans fall short
Rates exceed 36%: Rise’s lowest annual percentage rates start at 59.8% and can reach up to 299% in some states. Most consumer advocates say personal loans should not have APRs above 36% in order to be considered affordable.
Because of their high rates, Rise loans can end up costing more than the amount you initially borrowed. For example, a $3,000 loan repaid over 24 months with an 80% APR would cost $3,095 in interest alone.
Does not offer large loans: Rise loans range from $500 to $5,000. This allows you to cover small expenses, but you’ll have to go with another lender if you need to borrow a larger amount.
Available in a limited number of states: Rise Credit offers loans in only 30 states. You won’t be able to borrow from this lender if you live in AR, CA, CO, CT, IL, IA, ME, MD, MA, NH, NJ, NM, NY, ND, PA, RI, SD, VT, WA or WV.
Reports payments to only two of the three major credit bureaus: Rise reports payments to Experian and TransUnion but not Equifax. If you make on-time payments on your Rise loan but a future creditor only pulls Equifax reports, that creditor would not see your positive payment history with Rise.
How to use Rise Credit personal loans
You can use a Rise Credit personal loan for:
Home improvement projects.
Medical/dental expenses.
Emergencies.
Moving.
Rise Credit prohibits the use of its personal loans for:
Business expenses.
Do you qualify for a Rise Credit personal loan?
Rise considers loan applicants’ credit history, income and other factors to determine approval and the loan’s annual percentage rate. This lender offers loans in 30 states.
Rise Credit’s borrowing requirements
Minimum credit score: None.
Must provide a valid Social Security number.
Must have a regular source of income and an active, valid checking account.
Must have a valid email address.
Cannot reside in AR, CA, CO, CT, IL, IA, ME, MD, MA, NH, NJ, NM, NY, ND, PA, RI, SD, VT, WA or WV.
» MORE: How to get a personal loan
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