![]() It is also possible to get a loan with LendingClub if you have bad credit. The origination fee is slightly lower, topping out at 8%, but maximum interest rates can be as high as 35.99%. Similar to Rocket Personal Loans, LendingClub loans are available in terms of 36 or 60 months. They make personal loans for just about any purpose and in amounts of up to $40,000. LendingClub is one of the most popular sources for personal loans, given that it is one of the first online providers of this loan type. If Rocket Personal Loans is not the right choice for you, there are plenty of other options in the personal loan space. Quicken/Rocket personal loans alternatives Loan repayment must be made by either Autopay (direct withdrawals from your bank account) or by mailing a check each month. For funding purposes, you will be required to enter your bank account information so that loan proceeds may be transferred to that account. You can create an online account with Rocket when you complete your loan application. It is likely you will be required to provide documentation to support your employment, income, financial assets, and other information provided in your application, as well as a copy of a photo ID to verify your identity. Your employment status (employed, self-employed, retired, other).Loan purpose (multiple options provided).The online loan application will request the following information: Rocket will then do a hard pull on your credit report. If you decide to proceed, you can choose your loan option. ![]() If you meet the qualifications, you’ll be presented with one or more loan options. When you first apply, Rocket will do a soft credit pull, which will not negatively affect your credit score. The application process takes place entirely online and can be completed in a matter of minutes. However, funding speed is determined by Rocket’s ability to validate your bank account information electronically. Once your loan is approved, all conditions have been met, and your loan agreement has been signed, you can receive the funds as early as the same day. Rocket Personal Loans are available to consumers in all states except Iowa, Nevada, and West Virginia. How to apply for a Quicken/Rocket personal loan Other conditions as required by your loan approval.You must meet minimum credit and debt-to-income requirements, neither of which are published on the Rocket Personal Loan website.states where Rocket Personal Loans are available. To be eligible for a Rocket Personal Loan, you must meet the following qualifications: Quicken/Rocket personal loan requirements It has 4.8 out of five stars (“Excellent”) from Trustpilot, based on well over 5,000 reviews. Rocket Loans has a Better Business Bureau rating of A+, which is the highest rating issued by the BBB. However, all Rocket Personal Loans are made and serviced through the Rocket web platform, the same one that is used for Rocket Mortgage. Cross River Bank is an online bank with more than $10 billion in assets. Rocket Personal Loans are made through Cross River Bank, a New Jersey-based bank that began in 2008. While the revolving nature of credit cards can keep you trapped in a debt cycle for life, you can put an end to that cycle in no more than five years with a personal loan. That makes Rocket Personal Loans a good choice if you want to pay off credit card debt. ![]() All loans are fixed rates with fixed monthly payments, enabling full repayment by the end of the loan term. Loan terms are 36 or 60 months, which are typical terms for online personal loans. That can include debt consolidation, paying off credit cards or other loans, paying down a mortgage, home improvement or repairs, medical expenses, business purposes, purchasing or refinancing an auto, and other financial needs. Personal loans are offered in amounts as low as $2,000 and as high as $45,000 and can be taken for just about any purpose. That takes place entirely online, giving you a quick, convenient way to make an application and receive your funds. Rocket Personal Loans are provided by the same folks, using a similar process. You’ve probably already heard of Rocket Mortgage, which advertises heavily on both TV and the Internet.
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