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Rise Credit 2025 Personal Loan Review

Last updated on October 2, 2025
Nicole Dow
Written by 
Lead Writer & Content Strategist
Kim Lowe
Edited by 
Head of Content, Personal & Student Loans
Fact Checked
Nicole Dow
Written by 
Lead Writer & Content Strategist
Kim Lowe
Edited by 
Head of Content, Personal & Student Loans
Fact Checked

Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.

Our Take

The Nerdy headline:

A Rise installment loan, designed for bad-credit borrowers, is costly and best considered only after trying alternatives.

Jump to:Full Review
Rise

Est. APR
59.80-299.00%
Loan amount
$500 - $5,000
Min. credit score
None
on NerdWallet

Pros

  • Can pre-qualify with a soft credit check.

  • May accept borrowers with bad credit.

  • Next-day funding.

  • Offers a satisfaction guarantee.

  • Free credit score access and credit monitoring.

Cons

  • Rates exceed 36%.

  • Does not offer large loans.

  • Available in a limited number of states.

  • Reports payments to only two of the three major credit bureaus.

Compare best personal loan lenders
Lender
Est. APR
Loan amount
Min. credit score
SoFi
8.99- 35.49%
$5,000- $100,000
None
Lightstream
6.49- 24.89%
$5,000- $100,000
660
Lending Club
7.90- 35.99%
$1,000- $60,000
600
Upgrade
7.74- 35.99%
$1,000- $50,000
600
BestEgg
6.99- 35.99%
$2,000- $50,000
600
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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.

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.

Next steps: Click the button below to check for offers from lenders that partner with NerdWallet.

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How we chose the best personal loans

Our team of consumer lending experts follows an objective and robust methodology to rate lenders and pick the best.

30+

Lenders reviewed

We review over 35 lenders, including major banks, top credit unions, leading digital platforms, and high interest installment lenders operating across multiple states.

25+

Categories assessed

Each lender is evaluated across five weighted categories and 27 subcategories, covering affordability, eligibility, consumer experience, flexibility, and application process.

60+

Data points analyzed

Our team tracks and reassesses hundreds of data points annually, including APR ranges, fees, credit requirements, and borrower tools, ensuring up to date, accurate comparisons.

Star rating categories

We evaluate more categories than competitors and carefully weigh how each factor impacts your experience.
Affordability

25%

We review lenders’ annual percentage rate offerings and the competitiveness of each lenders’ APR range. We also assess whether a lender charges an origination fee and any opportunity for borrowers to receive a rate discount.

Customer experience

20%

We consider the experience of the consumer trying to manage a personal loan, which means accessibility of customer service representatives, whether borrowers can choose and change their payment due date, and the ability to track their loan on a mobile app.

Underwriting and eligibility

20%

We consider the rigorousness of each lender’s underwriting practices and how widely available their loans are. This category includes whether a lender does a hard credit check before providing a loan, the range of credit profiles they accept and how many states their loans are offered in.

Loan flexibility

20%

We assess how flexible lenders can be with borrowers, including whether they offer multiple loan types, personal loan amounts and repayment term options and whether they offer direct payment to creditors on debt consolidation loans.

Application process

15%

We consider the lender’s full application process, including a borrower’s ability to preview their loan offer via pre-qualification, whether basic loan information such as APR range and repayment terms are available and easy to find online and how quickly a loan can be funded after approval.

5.0

Overall score

NerdWallet’s review process evaluates and rates personal loan products from more than 30 financial technology companies and financial institutions. We collect over 60 data points and cross-check company websites, earnings reports and other public documents to confirm product details. We may also go through a lender’s pre-qualification flow and follow up with company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer consumer-friendly features, including: soft credit checks to pre-qualify, competitive interest rates and no fees, transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to credit bureaus and financial education. Our ratings award fewer points to lenders with practices that may make a loan difficult to repay on time, such as charging high annual percentage rates (above 36%), underwriting that does not adequately assess consumers’ ability to repay and lack of credit-building help. We also consider regulatory actions filed by agencies like the Consumer Financial Protection Bureau. We weigh these factors based on our assessment of which are the most important to consumers and how meaningfully they impact consumers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for personal loans and our editorial guidelines.
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