RISE Personal Loan Review | LendingTree

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LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, commissioned or otherwise endorsed by any of our network partners.

RISE personal loans are intended for borrowers who need emergency credit access. If you’ve had credit problems in the past, you might still qualify for a RISE loan because the lender will consider more than just your credit history. Be aware, though, that RISE APRs can be as extremely high, depending on the state you live in. Read on to learn more about RISE personal loans.

Rise personal loan highlights

  • Quick loan approval: Fill out the application and receive your results in as little as a few seconds. Once approval goes through, funds can be deposited into your account as fast as the following business day.
  • Credit bureau reporting: RISE reports loan payments to one or more credit bureaus to help customers rebuild their credit.
  • Prorated fees: In addition to flexible repayment terms, account holders only pay for the number of days they have the loan.
  • Credit tools: Credit Score Plus is the lender’s selection of free online tools that allows you to better understand your financial picture. Credit Score Plus includes the ability to instantly check your TransUnion Credit Score, receive credit alerts and view educational videos on how to build good credit.

RISE at a glance

  • APR range: 50.00% to 299.00%
  • Minimum credit score: 500
  • Terms: 4 to 26 months
  • Origination fee: No origination fees

By clicking “See Offers”, you may or may not be matched with any lender mentioned in this article. Based on your creditworthiness, you may be matched with up to five different lenders in our partner network.

Fees and penalties


  • Terms: 4 to 26 months; state restrictions apply.
  • APR: 50.00% to  299.00%
  • Loan amounts: $500 to $5,000
  • Time to funding: As soon as the day after approval.
  • Credit check: Hard pull through Teletrack but a soft pull from TransUnion and Clarity to check rates.
  • Origination fee: No origination fees.
  • Prepayment fee: Not specified.
  • Late payment fee: Not specified.

Eligibility requirements

  • Minimum credit score: 500
  • Minimum credit history: Not specified.
  • Maximum debt-to-income ratio: Not specified.

In order to quality for a RISE loan, you must be at least 18 years old (19 in Alabama), gainfully employed or with a steady income source, have an active, valid checking account, and you must have an email address in order to receive information about your account.

RISE is not available in the following states:



New Jersey
Rhode Island

New York

North Carolina

New Hampshire
West Virginia

RISE cannot extend loans to active duty servicemembers and their dependents listed as Covered Borrowers in the Military Lending Act database, as per the Military Lending Act.

What borrowers are saying about RISE

Borrowers give RISE 4.4 out of 5 stars across 108 reviews on LendingTree. Reviewers mentioned the ease of application, excellent customer service and access to funds for consumers with bad credit.

Joseph, from Gainesville, Texas, noted that although his interest rate was high, “I didn’t expect to receive a low rate from RISE due to my financial mistakes. My credit availability went up, and my interest rate dropped!”

Meanwhile, Jessica, from Pelham, Ala., found the whole loan process to be quick and easy. “I needed funds right away, and I applied on a Sunday; the money was in my bank Monday morning. The payback is high,” she adds, “but that’s the price you pay for having bad credit. On the upside, though, they do report to credit companies, so I will pay back on time, and this will help bring my scores up.”

Applying for a personal loan from RISE

  1. Visit RISE’s website: You can apply for a loan online with the simple-to-use application form.
  2. Fill in your personal details: This includes how long you’ve lived in your current home, your income, the state in which you reside and the amount of money you’re requesting.
  3. Provide supporting documentation: In some cases, RISE may require additional supporting documents prior to approval. Have your I.D., proof of income and residence on hand, just in case.
  4. Wait for approval: If all your documents are in order, RISE can approve your loan in seconds. If they deny the loan, the company will provide a reason for denial. RISE determines the approved amount based on credit history, what you can afford and the state in which you live. Funding may be electronically deposited into your bank account as early as the following business day.



  • Easy to qualify for: Even those with bad credit can get a loan through RISE.
  • Fast funding: Get money in as little as one business day.
  • Can help build credit: RISE reports payment to one or more credit bureaus so borrowers can boost their scores.
  • Reduced interest rate over time: Those who demonstrate on-time payments receive lower interest rates.
  • Extremely high interest rates: Ranges from 50.00% to 299.00% since RISE is willing to take on high-risk borrowers.
  • Limited availability: RISE lending is only offered in 34 states and Washington, D.C.
  • Hard Pull: Many other lenders only  require a soft credit pull to review rates.

Who’s the best fit for a RISE personal loan?

RISE is a great option for borrowers who need fast funds but have poor credit and are considered high-risk. However, RISE is upfront about its high interest rates. For borrowers with good or better credit, RISE likely won’t offer the cheapest form of credit. So if you have a good credit score, look to other lenders.

That said, RISE may be a good alternative to credit sources like payday loans, which have high rates and short repayment terms, such as a few weeks.

While RISE serves as an online lender, it also works to educate borrowers with its Free Credit Score Plus tools to help borrowers get back on track financially. RISE also rewards those borrowers who demonstrate on-schedule loan payments with lowered interest rates over time. And the company provides a five-day, risk-free guarantee, so if you decide the loan isn’t a good fit, you may simply repay the principal to have RISE cancel the loan.

Alternative personal loan options

Jora Credit

  • APR: 170.00% to 349.00%
  • Minimum credit score: Not Specified
  • Terms: 8 to 30 months
  • Origination fee: Not specified

Like RISE, Jora Credit specializes in the extension of emergency credit, often to high-risk borrowers, in the $500 to $2,600 range. Jora offers both lines of credit and installment loans, but interest rates are high, ranging up to 349.00%. However, borrowers can pay off loan as quickly as they’d like without prepayment penalties.


  • APR: 5.99% to 29.99%
  • Minimum credit score:  600
  • Terms:  36 or 60 months
  • Origination fee: 1.00% – 5.00%

 Peerform is a peer-to-peer lending platform. Through it, borrowers may qualify for a personal loan with lower rates than you’d find on a RISE loan. Peerform may be a good option for borrowers who may need to borrower higher amounts of money, as it offers loan amounts for between $4,000 to $25,000. However, the platform requires a minimum credit score of 600. The borrower’s credit rating determines loan origination fees.


  • APR: 7.04% to 35.89%
  • Minimum credit score: Not specified
  • Terms: 36 or 60 months
  • Origination fee: 3.00% – 6.00%

LendingClub is a peer-to-peer lending platform where borrowers may qualify to receive funds from individual or institutional investors. Borrowers can secure anywhere from $1,000 to $40,000. This makes LendingClub a viable option for those needing a relatively small loan.

LendingClub allows borrowers to check their rate without a hard inquiry on their credit profile.