Rocket Loans Review – The Simple Dollar

Rocket Loans is part of the Quicken Loans family, which was established back in 1985. Headquartered in Detroit, Rocket Loans aims to offer a quick and easy online personal loan and mortgage process that is unencumbered by the excess paperwork and minutiae required by traditional lenders.

In terms of their personal loans, Rocket Loans has an online application process that never requires you to step foot into a bank. They also promise a “rocket fast” decision as well as quick access to your loan funds once you’re approved.

If you’re in the market for a personal loan, need money fast, and want to complete the entire process online, Rocket Loans could be the lender for you. Keep reading to learn about the loans they offer and who they’re best for.

Rocket Loans: Key Takeaways

  • Borrow between $2,000 and $45,000 for home improvements, debt consolidation, or any other reason.
  • Interest rates range between 5.98% and 29.99%.
  • Repay your loan over 36 or 60 months.
  • Pay an origination fee of up to 6% of your loan amount.
  • Rocket Loans come with no prepayment penalties or hidden fees.
  • Get pre-qualified for a personal loan without a hard inquiry on your credit report.

Check Your Personal Loan Rates

Answer a few questions to see which personal loans you pre-qualify for. The process is quick and easy, and it will not impact your credit score.

Rocket Loans Review: Easy Personal Loans for Borrowers with Good Credit

Where you once had to visit a local bank or credit union to take out any type of loan, the internet has ushered in a world of options that are infinitely more convenient. You can apply for a mortgage and complete the entire process without ever leaving your home these days. And the same is true for personal loans — you can apply, submit all your information, and receive your loan funds directly in your bank account without waiting in line or speaking to a single soul.

Rocket Loans focuses their efforts on making mortgages and personal loans easy to access and apply for. Their online application process lets you enter your information online and receive a response almost right away, then get your personal loan funded without ever visiting a bank.

In addition to the convenience factor, Rocket Loans lets you borrow more than most personal lenders — up to $45,000. They also let you repay your loan over 36 or 60 months depending on your goals. Interest…

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