We know how hard it can be to make ends meet until your next payday. Whether you need cash for three days, three months or until your next payday, we want to get you the right amount of cash for every situation and give you the flexibility and control you need. Unlike a Payday Loan or an Installment Loan, a Rocket Loan gives you the ability to apply once and withdraw cash at any time (up to your credit limit). And unlike a payday loan or installment loan, with a Rocket Loan, you pay it back at your own pace, with conveniently scheduled payments, or installments, aligned with your payday.
Accessible Payday Loans for Your Needs
We know how it happens. You live in peace, unaware that life is going to throw a huge unexpected expense on your way. The situation can be really tough to cope with when you have little to no savings.
In a perfect world, you can rely on a credit card. However, many Americans can’t afford such a solution. Realizing this, we’ve decided to take action and create an online platform, using which everyone can get access to funds when emergency strikes.
How does Rocket Loan work?
Rocket Loan is not a lender and does not make credit decisions. Rocket Loan is a loan connecting service. We connect consumers who are looking for financial assistance with independent, third party lenders who may be able to provide a loan.
You begin by filling out the simple form. Your information is then shared with third party lenders who may make you a loan offer. You are under no obligation to accept the offer, but if you do, the lender will provide the instructions to do so. Every third party lender has their own terms and conditions. Please consult these before accepting the loan offer. In particular, check for information on the APR, fees, renewal terms and consequences of non-payment.
If you have any questions about your loan, please contact your lender.
Minimum and maximum period for repayment - precise your lender.
Annual Percentage Rate (APR) represents the annualized interest rate that you are charged for borrowing. It is the combination of the nominal interest rate and some additional costs such as fees involved in obtaining a loan. Our lenders offer APRs for personal loans from 4.99% to 450%, APRs for cash advance loans from 200% to 1386%, and APRs for installment loans from 6.63% to 225%. Since our App is not involved in the lending process, we cannot deliver any specifics about the APR you will be offered. The APR depends solely on your lender’s decision, based on various factors including your credit score, credit history, income, and some other information you supply in your request. For more information regarding the APR contact your lender.
A representative example of the total cost of the loan, including all applicable fees: If you borrow $2,500 over a term of 1 year with an APR of 10% and a fee of 3%, you will pay $219,79 each month. The total amount payable will be of $2,637, with total interest of $137,48.
Rocket Loan is not a lender and therefore does not make short term loans or credit decisions. We are a loan connecting service where we connect consumers with independent third party lenders.