Rocket Loans title logo

Our Rating: 80%


Rocket Loans Personal Loan Review

Loan Amount:
$2,000 - $45,000
Minimum Credit Score:
APR IconAn illustrated APR Icon.
APRs From:
7.16% - 29.99%
Funding Speed:
As soon as same day

Features of Rocket Loans Personal Loans


  • In some cases, loans are funded as soon as the next day
  • Rate discounts with autopay
  • Low income requirements $24,000
  • Soft credit check


  • Origination fee of 1% - 6%
  • No option for co-signer, or secured loan option
  • $15 late fee

About Rocket Loans Personal Loans

Online mortgage giant Rocket Loans also offers competitive rates on personal loans featuring next-day funding
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Est. APR
10.68% - 35.89%
Est. APR
7.16% - 29.99%
Est. APR
5.74% - 22.99%
Est. APR
6.90% - 19.98%
Loan Amount
$1,000 - $40,000
Loan Amount
$2,000 - $45,000
Loan Amount
$3,000 - $100,000
Loan Amount
$3,500 - $25,000
Loan Terms
3 or 5 Years
Loan Terms
3-5 Years
Loan Terms
1-5 Years
Loan Terms
1-3 Years
Min. Credit Score
Min. Credit Score
Min. Credit Score
Not Specified
Min. Credit Score
Not Specified

Rocket Loans Personal Loan Snapshot

Loan Amount:

$2,000 - $45,000


7.16% to 29.99%

Minimum Credit Score:


Time to Funding:

As soon as same day

Has Origination Fee:


Origination Fee: 1% - 6%

Get Pre-Qualified for a Personal Loan Today
What loan amount would you look to borrow?
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Pros and cons of Rocket Loans Personal Loans

Before signing up for a loan with Rocket Loans, take a look at this breakdown of some of its benefits and drawbacks.


Quick Funding: According to Rocket Loans 85% of borrowers' loans are funded by the next business day.

Autopay Discount: A 0.03% APR discount is applied when borrowers set up automatic payments on their personal loans.

Low-Income Requirements: The minimum income requirement to receive a personal loan is low compared to competitors at $24,000.


Origination fee: Rocket Loans charges an origination fee of 1 to 6 percent of the loan amount.

No co-signer or secured loan options: No option to add a cosigner to the loan. A cosigner can increase your chances of being approved.

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Loan Terms

Rocket Loans offers personal loans ranging from $2,000 to $45,000. These loans come with fixed annual percentage rates ranging from 7.16% to 29.99 percent. With a Rocket Loan Personal Loan, your qualification and APR will depend on your:

Credit profile.
Credit history.
Personal income.
Loan Amount.
RocketLoans personal loans come with an origination fee of 1% to 6%. The irrigation fee is based on the same type of factors as your APR. The origination fee will be taken out of the original loan amount. For example, if you take out a $20,000 personal loan with a 2% origination fee, you would receive $19,600 in cash for the loan.

Fees and penalties

Rocket Loans doesn't charge an early payoff fee but does charge a $15 late fee if you miss a payment and do not pay it back within the 10 day grace period.

How to get a Personal Loan with Rocket Loans

Rocket Loans is only available to U.S. citizens who are 18 years or older with a Social Security number.

With Rocket Loans, you can pre-qualify for a personal loan simply by completing an application on their website. Their application asks for some personal information including your address, income, and employment status. By completing this application, you will see what APRs you’re likely to get if approved with a soft credit check that doesn't affect your credit score.

For consumers who are less computer savvy, you can apply for a personal loan with Rocket Loans by calling (800) 333-7625.