RISE Credit installment loans review August 2019 | finder.com

RISE Credit installment loans review

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RISE Credit Installment Loans

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.

Product NameRISE Credit Payday Loans
Min. Loan Amount$500
Max. Loan Amount$5,000
Loan TermVaries
Loan SecurityUnsecured
Turnaround Time1 business day
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.
  • Must be at least 18 years old (19 in AL).
  • Live in a state we service.
  • Have a job or regular source of income.
  • Have an active and valid checking account (savings and prepaid accounts not accepted).
  • Have an email address to receive account information.

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 August 18th, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
$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.
$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.
$50,000
1 business day
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.
$3,000
1 business day
Checking account, $1,500+ monthly income, recent pay stub, live in eligible state, 18+ years old
Financing with transparent terms to residents of five states.
$15,000
1 business day
$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 early as 1 business day
$1,000+ monthly income after taxes, valid checking account
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Varies by state
1 business day
Regular source of income, bank account, US citizen or permanent resident, ages 18+
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.

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

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2 Responses

  1. Default Gravatar
    BrendaAugust 24, 2018

    Why does rise credit need my bank information?

    • Avatarfinder Customer Care
      johnbasanesAugust 24, 2018Staff

      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

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