Personal loans are a type of installment loan that you can use for almost anything. RISE offers personal loans online and doesn’t require a high credit score or lengthy application process.
A personal loan is a type of installment loan. When you take out a personal loan with a fixed interest rate, you’ll know:
There are other types of installment loans, including student loans, auto loans and mortgages. However, unlike those loans, you can use the funds from a personal loan for almost anything. (Almost, because you may need to agree to a few rules, like not using the money for tuition expenses or illegal activity.)
RISE offers unsecured, fixed-rate personal loans online. Unlike some other personal loan companies, we specialize in lending to borrowers who have had credit troubles in the past or haven’t yet built a good credit score.
RISE’s personal loans aren’t a good fit for every situation, but borrowers often use them to pay for:
A RISE loan may also be a good alternative to a payday loan or auto title loan, as it could offer a lower interest rate and you won’t need to secure the loan with a check or your vehicle. You could also use a RISE loan to consolidate payday loans and break yourself out of a payday loan cycle.
As with many of the best personal loans, RISE’s personal loans are easy to understand and clearly disclose the applicable interest rate. The exact loan terms can depend on where you live and your financial situation, but here are the basics:
In addition to our loans, RISE has built financial wellness tools and resources that it offers to everyone for free. You can use these to build a budget, monitor your credit, get a free credit score or look up financial terms.
When you do need a personal loan, RISE’s online, automated process allows us to quickly approve applicants and send funds to borrowers by the next business day.*