Rise Personal Loans Review 2026: A Guide Before You Borrow

Rise is an online lender that offers personal loans to borrowers with poor or no credit, though annual percentage rates (APRs) can be as high as 299%, making it one of the more costly borrowing options available. This Rise personal loans review will look at the rates, fees and eligibility requirements to help you decide if it's worth the cost.

Rise is best for those who've had a difficult time getting approved elsewhere. There's no minimum credit score requirement. You'll simply need to verify your income and have a checking account.

Quick Facts

• APR: 59.85% to 299%, depending on your state

• Loan amounts: $500 to $5,000

• Terms: 7 to 36 months

• Origination fee: $0 in most states

• Funding speed: As soon as the next business day

• Credit profile: No minimum credit score requirement

MoneyLion offers a service to help you find personal loan offers. Based on the information you provide, you can get matched with offers for up to $100,000 from our top providers. You can compare rates, terms and fees from different lenders and choose the best offer for you.

Rise Personal Loans Pros and Cons 

Pros 

• Accessible to borrowers with low credit scores or limited credit profiles

• Five-day risk-free guarantee

• Ability to cancel a loan within five business days of the origination date with no extra fees or interest

• No origination fee in most states and no prepayment fee

Cons 

• Extremely high interest rates, often in the triple digits

• $5,000 loan amount limit

• Available in only 30 states, fewer than some national competitors

How Rise Personal Loans Work

Who's Behind Rise?

Rise Credit is an online lender founded in 2013 in Fort Worth, Texas. Its parent company, Elevate, also runs Elastic, a bank-issued line of credit product. As of October 2026, Rise has a 4.3-star rating on Trustpilot, based on more than 6,000 reviews.

Rise describes its mission as “offering fast financial relief to those who are often turned away from traditional credit providers.” It operates as a direct lender, though it partners with banks to fund loans in certain states.

Interest Rates and What They Actually Cost You

Lenders typically calculate interest rates based on an applicant's credit score, income and other financial details, so Rise’s focus on lending to borrowers with low credit scores is reflected in its extremely high interest rates.

The exact rate you’ll pay depends on your credit score and which state you're in, but APRs start at 59.85%. On the upper end of that range, APRs max out at a staggering 299%. APR reflects the annualized cost of borrowing, including certain fees. The total interest you pay depends on the term and the amount borrowed. The cost can grow the longer it takes to repay.

In contrast, most standard personal loan interest rates range from 6% to 36% APR. Granted, you generally need a fair credit score, at minimum, to qualify for a personal loan through non-specialized lenders, but that difference is huge. Given these extremely high interest rates, you’ll want to explore your other borrowing options first and only consider Rise as an absolute last resort.

Here's an example: If you borrow $2,500 for 24 months at a 150% APR — half the highest APR currently offered — you'd pay about $359 per month. Over 24 months, you'd repay about $8,620, including roughly $6,120 in interest.

Loan Amounts

Rise personal loans are available for amounts ranging from $500 to $5,000 — though $300 loans are available in some states, like Utah and Wisconsin. Many lending platforms that cater to lower-credit borrowers have much lower maximum amounts — about $500 to $1,000 — but the tradeoff is that you'll pay much higher interest rates than with Rise.

Term Lengths

As with loan amounts, repayment terms vary from state to state, but generally they range from seven to 36 months. 

The longer you take to repay your loan, the more you’ll pay in interest. So choosing a shorter term is wise if you need to borrow from Rise, since its APR range is incredibly high.

If your application is approved, Rise may deliver funds as soon as the next business day once you accept the loan by 6 p.m. ET and complete the Automated Clearing House (ACH) authorization.

Rise Personal Loan Eligibility Criteria

To get a personal loan from Rise, you'll need to be at least 18 years old, have an email account, have a job or regular source of income and have an active checking account. 

Beyond that, you'll need to live in one of the following states:

The Five-Day Risk-Free Guarantee

Rise allows borrowers five business days from the loan origination date to cancel the loan. If you cancel your loan within this timeframe, you'll just need to repay the principal and you won't need to pay any fees or interest.

This could come in handy if you apply for a Rise personal loan as a last resort but are able to find a cheaper borrowing option, such as a peer-to-peer loan or even a credit card cash advance, soon after.

Costs and Fees

Rise doesn't charge origination fees in most states. There are no application or prepayment fees on its personal loans, but any savings you'll get from the lack of fees are more than canceled out by the sky-high interest rates. 

How To Apply 

1. Fill out your application with your contact information, income and checking account details.

2. You'll see whether you're approved and then be prompted to select a repayment term.

3. Review the terms and finalize your application.

4. Wait to receive funds, which could be deposited as soon as the next business day.

Rise vs. Other Comparable Options 

Here’s how Rise stacks up against two comparable options: OppLoans, which offers similar loan amounts, and Possible Finance, which focuses on smaller loan sizes. Both cater to borrowers with lower credit scores.

OppLoans

Like Rise, OppLoans lets borrowers take out loans of up to $5,000 with a variety of partner lenders. Interest rates are similarly high, though they top out at 195% APR compared to 299% APR with Rise. With OppLoans, you may receive funding as soon as the same business day.

When OppLoans might be better: You want a personal loan for bad credit with slightly lower interest rates than Rise, and you don't mind a maximum repayment term of 18 months.

Possible Finance

Possible focuses on smaller loans of up to $500, and it uses a “flat borrowing fee” structure instead of advertising APRs. This makes sense, given that the lender's repayment term is eight weeks, or two months, while the other two lenders have repayment terms longer than one year. Compared with Rise, Possible Finance also offers fast funding, as quickly as the same day, especially for borrowers who choose debit card disbursement.

When Possible Finance might be better: Possible may suit you if you need to borrow up to $500, qualify for a borrowing fee at the lower end of its range and can repay the loan within two months.

Who Rise Is Best For

Rise loans are best for low-credit borrowers who don’t qualify for loans through other lenders. While Rise has more lenient eligibility requirements, its interest rates are high. It’s best as a last-resort option for those who need cash and have no cheaper alternatives.

Final Take 

If you're in a pinch and you truly have no other options for borrowing funds, Rise could fit the bill. However, you should explore all available alternatives first — even with a low credit score or limited credit profile, you could find better options with less egregious interest rates.

Key Terms

• APR (annual percentage rate): The yearly cost of borrowing expressed as a percentage, incorporating interest and certain fees. Rise's range of 59.85% to 299% is far above the typical 6% to 36% range for standard personal loans, meaning even a small loan can be extremely costly.

• Thin credit profile: A limited credit history with few or no accounts reported to the credit bureaus, making it difficult to qualify for financing through lenders that rely on established credit records for underwriting decisions.

• Five-day risk-free guarantee: A Rise feature that allows you to cancel your loan and return only the principal within five business days of signing, with no fees or interest charged.

• ACH (Automated Clearing House) authorization: Permission you grant a lender to electronically debit your bank account for scheduled loan payments. Rise requires ACH authorization for next-business-day funding.

• Origination fee: A one-time charge some lenders deduct from loan proceeds to cover processing costs. Rise doesn't charge an origination fee in most states, though its high APRs represent a far greater cost over the life of the loan.

• Prepayment penalty: A fee some lenders charge if you pay off a loan ahead of schedule. Rise charges none, making early repayment one of the most effective ways to reduce total interest on a high-APR loan.

• High-cost personal loan: An informal term for loans — typically carrying triple-digit APRs — made to borrowers who have few other financing options. Rise falls into this category and is best used only after exhausting lower-cost options.

Sources

• Consumer Financial Protection Bureau (CFPB): What is a payday loan?

• CFPB: What is the difference between a fixed APR and a variable APR?

• CFPB: What fees or charges are paid when closing on a mortgage and who pays them?

• CFPB: What is a credit score?

• CFPB: Do personal installment loans have fees?

Parts of this article were created with AI assistance. MoneyLion editors reviewed, fact-checked and edited the final version and are responsible for its accuracy.