We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

RISE Credit installment loans review

Last updated:  

A RISE Credit installment loan could get you the money you need quickly with flexible repayment terms.

What is an installment loan?

An installment loan is a short term loan that generally offers larger amounts and longer repayment terms through a set number of payments.

RISE Credit offers installment loans between $500 and $5,000. Although flexible repayment terms are available, interest will continue to accrue over the term, so a longer term will mean that you pay more over the life of the loan.

$500

Min. Amount

$5,000

Max. Amount

Same business day to 1 business days

Turnaround time

Details

Product NameRISE Credit Payday Loans
Min. Amount$500
Max. Amount$5,000
Loan TermVaries
Loan SecurityUnsecured
Turnaround TimeSame business day to 1 business days
CostsVaries depending on the amount and your state of residency.
RequirementsYou must be 18 years old (19 in AL) or older, live in a state they service and have the following: a regular source of income, a checking account and an email address.

Product details

RISE Credit offers installment loans in Alabama, California, Delaware, Georgia, Idaho, Illinois, Kansas, Louisiana, Mississippi, Missouri, New Mexico, North Dakota, Ohio, South Carolina, South Dakota, Texas, Utah and Wisconsin.

Fees and interest rates vary by state, and APRs can be as low as Varies by state , depending on your creditworthiness. You can learn more about your state’s specific rates on RISE Credit’s website.

What are the benefits of installment loans?

  • Longer repayment terms. It may be more affordable to pay a small amount each month.
  • Quick approval. You can typically get money in as little as one business day.
  • High maximums. Loans can be for as much as $5,000 in some states.
  • Build your credit score. You could be offered better APRs as a returning customer with good payment history.

What to watch out for

Interest accrues until the principal is paid off. This loan could cost more than a traditional payday loan if you don’t completely pay off the principal on time.

  • Fees. Some states charge origination cost and late fees.
  • Variable APR. Interest rates may be higher if you have a low credit score.

Compare RISE Credit to other online installment loan providers

Updated December 7th, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
$1,200
As soon as the next business day
Regular source of income received biweekly or semi-monthly, Missouri or Utah resident, checking account with automatic deposits, not a military service member
Borrow up to $1,200 — but only if you live in Missouri or Utah.
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
$2,600
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
$50,000
Same business day to 1 business days
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
Get a flexible installment loan with fast funding through one easy online application form.
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
$10,000
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
$500
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.

Compare up to 4 providers

Am I eligible for a RISE Credit installment loan?

Getting an installment loan through RISE Credit is a quick and easy way to get the money you need. To be eligible, you must:

  • Be 18 or older and a US citizen or permanent resident.
  • Reside in one of the 15 states it services.
  • Have a bank account.
  • Have a phone number and valid email.
  • Be able to prove a source of income.

What information do I need to apply?

  • Government-issued ID. You’ll need a driver’s license and Social Security number.
  • Banking information. Including your bank name, account type, account number and routing number.
  • Employment information. Name of employer, monthly income, last day paid and next pay date.

I got an installment loan from RISE Credit. Now what?

  • Pay more when possible. There’s no penalty for paying your loan early, which could help you avoid unnecessary interest and fees.
  • Contact customer support. Call a representative with questions or to discuss payment options.

Bottom line

RISE Credit lets you improve your credit while getting money when you need it fast. However, you may want to compare other short term loan lenders in your area to make sure that you get the lowest APR and fees for your needs.

Frequently asked questions about RISE Credit installment loans

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.

2 Comments

  1. Default Gravatar
    Brenda
    August 24, 2018

    Why does rise credit need my bank information?

    • AvatarStaff
      johnbasanes
      August 24, 2018

      Hi Brenda,

      Thank you for leaving a question.

      Apart from you being required to have an active and valid checking account. Rise also needs to verify this information to check your ability on repaying the loan. Hope this helps!

      Cheers,
      Reggie

Go to site