About RocketLoans
RocketLoans is a part of the Quicken Loans Family of Companies. They offer personal loans to US citizens, who must be over the age of 18 (in Nebraska and Alabama a borrower must be at least 19 years of age).
A personal loan is an unsecured fixed-term (36 or 60 months in our case) loan and in a contrary to credit cards it has fixed interest rate that is repaid in equal monthly payments. You may be able to receive from $2,000 - $35,000 in 1-3 business days to take control of your financial goals – whether that's consolidating debt, making home improvements, or making a major purchase. It's your choice, and your money.
RocketLoans can propose you an option to consolidate your bills for the several different loans into a single monthly payment. Loans can be provided for different purposes:
- Get the money you need to make home improvements
- Pay for your medical expenses
- Use money on auto expenses to purchase or repair a vehicle
- Get money for your small business
RocketLoans personal loan provides you with a simple, automated process to get you the money you need fast and efficiently. Their process is simple and will take just a few minutes.
How lo get a loan
RocketLoans platform is simple, fast and secure. It works by sharing data electronically, so we'll need you to:
- Verify your identity electronically
- Verify your income electronically
- Log into your online bank account
- Validate your bank account electronically
Amounts and payments
Loan amount and funding time varies based on your specific bank's policies. RocketLoans personal loans never have a pre-payment penalty, so the loan can be repaid at any time by making a full payment of the remaining balance and incurred interest at the time of payoff.
Qualified clients using RocketLoans will see loan options for a 36 or 60 month term, and APR ranges from a minimum of 5.983% to a maximum of 28.99% depending upon their credit profile. An origination fee of 1% - 6% is charged for each loan. This fee is deducted from the balance before funds are disbursed to the client. For example, a 3 year $10,000 loan with an 8% interest rate and a 4% ($400) origination fee would have 36 scheduled monthly payments of $313.36 for an APR of 10.8%.
All loan applications are subject to credit review and approval and that offered loan terms depend upon credit score, requested amount, requested loan term, and credit usage and history. There’s no hidden fees or prepayment penalties, you can be sure that you won’t get a cat in a poke. Consolidating credit card balances into a personal loan proposed by RocketLoans can save you thousands of dollars.
