RocketLoans

Sign your Rocket Loans agreement by 4 p.m. Eastern on a business day and the money can be on its way to your bank that same afternoon. That speed is the main reason people choose Rocket Loans for an unsecured personal loan of $2,000 to $75,000.

What you pay for it is the origination fee. Rocket Loans takes up to 9.99% of the loan amount before the money reaches you, though on loans of $40,000 or more it can be as low as 3.8%.

Is Rocket Loans legit?

Yes. Rocket Loans, LLC is a subsidiary of Rocket Companies (NYSE: RKT), the Detroit group behind Rocket Mortgage. The loans themselves are issued by Cross River Bank, an FDIC-member bank in New Jersey. Rocket Loans also holds an A+ rating from the Better Business Bureau.

It's a separate business from Rocket Mortgage, so having a mortgage there doesn't give you a personal loan automatically, though it can unlock higher loan amounts.

Rocket Loans rates and fees

Rocket Loans APRs ran from 7.99% to 29.99% as of June 2026. The lowest rate requires excellent credit and choosing autopay when the loan closes; you can't add autopay later to get the discount, which Credible puts at 0.25 percentage points. Terms are fixed at 36 or 60 months.

Rocket Loans' own example shows how the fee feeds into the APR. A $16,000 loan over five years at a 14.55% interest rate, with a 6.95% fee of $1,112, comes to about $377 a month and an APR of 17.90%. You'd receive $14,888 but repay the full $16,000 plus interest.

What you'd pay each month

At the same 14.55% interest rate as Rocket Loans' example, here's what different loans would cost. The origination fee isn't included, because it comes out of the money you receive rather than your payments.

Choosing five years instead of three cuts the payment by roughly a third but adds about 70% more interest. Your own rate will depend on your credit.

What you need to qualify for a Rocket Loans personal loan

Rocket Loans generally looks for a credit score of 640 or higher. You also need to be at least 18, a U.S. citizen or permanent resident, and able to link the bank account where your income is deposited.

Most applicants don't have to upload paperwork: Rocket Loans checks income and identity online by connecting to your bank, and may ask for a photo ID. If you own a home, your mortgage payment is left out when Rocket Loans works out your debt-to-income ratio, which can help you qualify. You can't add a co-signer or apply jointly, and married applicants each apply separately.

Does checking your rate hurt your credit?

No. Rocket Loans prequalifies you with a soft credit check, which doesn't affect your score. A hard inquiry happens only when you submit the full application, and it can lower your score slightly for a short time.

Is there a minimum income?

Rocket Loans doesn't publish one. The figure depends on where you see the offer: through the Credible marketplace, Rocket Loans offers appear for applicants earning $50,000 or more and with scores of 700 or higher, while applying directly, the bar is the 640 score above.

How much you can borrow from Rocket Loans, and where

Most borrowers can get $2,000 to $45,000. The full $75,000 is reserved for returning Rocket Loans customers and people who already have a mortgage with Rocket or Mr. Cooper. A few states set higher minimums: more than $5,001 in Ohio, $3,001 in Georgia and $7,000 in Massachusetts.

Rocket Loans isn't available in Iowa, Maryland, Nevada or West Virginia, or in U.S. territories.

You can use the money for almost anything: debt consolidation, home improvement, emergency repairs, medical bills, IVF or adoption, a wedding, travel or a used car. It can't be used for student loans or gambling.

Using Rocket Loans to consolidate debt

Debt consolidation is the first use Rocket Loans promotes, especially for paying off credit cards. The money goes into your bank account rather than straight to your creditors, so you'll need to pay off each card or loan yourself once it arrives.

Before you do, compare the APR you're offered, fee included, with the rates on the debts you're replacing. If the new loan isn't clearly cheaper, consolidating only moves the balance around.

How fast Rocket Loans pays out

If you finish the application and sign the promissory note by 4 p.m. Eastern on a business day, Rocket Loans sends the money to your bank the same day. Your bank decides when it actually shows up, and some take until the next business day. Sign later in the day, or on a weekend, and the transfer goes out the next business day.

Rocket Loans reviews

What you read about Rocket Loans depends a lot on where you look.

• Trustpilot: 4.9 out of 5 from more than 9,000 reviews (June 2026).
• Better Business Bureau: an A+ rating, but only 1 out of 5 from a handful of customer reviews (five, as of June 2026).
• ConsumerAffairs: 1.0 out of 5 from just four reviews, most about Rocket's mortgages rather than personal loans. Complaints mention slow payment posting and delays changing a due date.

The very small number of negative reviews on BBB and ConsumerAffairs makes them less telling than Trustpilot's large sample.

Rocket Loans login and customer service

You can sign in to your account at rocketloans.com/app#/login to manage your loan. Customer service is on (800) 333-7625, Monday to Friday from 9 a.m. to 7 p.m. ET and Saturday from 9 a.m. to 6 p.m. ET.