If you opt to pursue a loan offer, you’ll need to submit a full loan application with additional information, including your bank account. You can then compare the options you’re offered and choose the one that best suits your needs. To pre-qualify with Rocket Loans, you’ll just need to submit some basic personal information, including your name, address, Social Security number, birth date and income. Pre-qualification allows you to check your personalized rate and terms with only a soft credit check, which won’t hurt your credit score. Get pre-qualified and pick a loan option.If you decide to apply for a personal loan from Rocket Loans, follow these steps: How to apply for a Rocket Loans personal loan Its personal loans currently aren’t available in Iowa, Nevada or West Virginia. resident and live in a state where Rocket issues loans. This lender also doesn’t permit co-signers or joint applicants, which means you’ll have to qualify based solely on your credit and financial information.Īs with other lenders, you’ll need to be at least 18 years old to qualify for a personal loan from Rocket Loans. Rocket Loans doesn’t specify its income requirements for borrowers, though it does mention it considers income as part of the loan approval process. A fair credit score is usually considered to be a score from 580 to 669. While this requirement makes Rocket Loans accessible to borrowers with fair credit, it’s on the higher end of fair credit. To get approved for a Rocket Loans personal loan, you’ll need a credit score of at least 640. How to qualify for a Rocket Loans personal loan This lender is also accredited by the Better Business Bureau, where it has an A+ rating. Rocket Loans offers a transparent and fast online loan application process, and its personal loans are issued by Cross River Bank. This includes Rocket Loans, which was launched in 2016. Originally founded as traditional mortgage broker Rock Financial in 1985, Rocket Companies has since expanded from the well-known Rocket Mortgage to run multiple sister companies. Funding time: As soon as the same business day after approval.Fees: Origination fee (up to 9%), late fee ($15) and returned payment fee ($15).Discounts: Autopay (amount not disclosed).
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