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Rocket Loans scored high on our list of personal loans for emergencies, however, because borrowers can receive funds as soon as the same day they apply. To qualify for this fast funding, approved applicants must complete their applications and sign the promissory note before 1 p.m. Eastern time on a business day. If same day funding is not possible, the average time to receive funds is two to four days.
Keep in mind that funding speed and accessibility come with a price—Rocket Loans charges an origination fee of up to 9% of the loan amount and APRs range from 9.116% to 29.99% (minimum rate includes autopay discount). So, if you have a high credit score, or can wait a little longer to receive funds, cheaper loan options may be available. You can qualify for loan amounts of $2,000 to $45,000.
Overview: A sister company to Rocket Homes and Rocket Mortgage, Rocket Loans offers personal loans through Cross River Bank. With Rocket Loans, borrowers can receive funds as soon as the same day they apply.
To qualify for this fast funding, approved applicants must complete their applications and sign the promissory note before 1 p.m. ET on a business day. If same day funding is not possible, the average time to receive funds is two to four days.
Eligibility:
- Minimum credit score: 580
- Minimum income: $24,000
- Doesn’t allow co-signer or co-borrower
Loan uses:
- Home improvements
- Large expenses
- Travel and vacation
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