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Rocket Loans Review: Convenient, Fast Personal Loans
If you’re looking for fast, easy access to loans, Rocket Mortgage can help. With a lower credit score requirement than some competitors and instant prequalification, it can be a great alternative to traditional lenders.
Min. Credit Score 640+
Loan Amount $2K-$45K
Loan Repayment 36-60 months
Written by:Stephanie Faris
Rocket Loans specializes in personal loans for big expenses like home improvement, debt consolidation, medical expenses, business expenses, and car purchases. If you have a credit score of 640 or higher and need help with personal or business expenses, this Rocket loans review will go through the pros and cons of this online lender.
Summarized Rating
Loan Features3.5
Interest Rates and Fees3.7
Qualification Leniency5
Application Process4
Customer Support4.5
User Reviews4.9
Perks Bonus5
This parameter considers loan term lengths, loan minimums and maximums, and the extent of loan use limitations. Each of these features was evaluated using the five-point scoring system. Then, the various scores were aggregated and averaged to establish an overall loan features score.
Rocket gets a respectable 3.5 for Loan Features. This reflects the lender’s fairly standard term lengths and loan limits, along with the absence of any loan use limitations.
Rocket Loans Pros and Cons
Rocket Loans Pros
Rocket Loans Cons
Applying for Rocket personal loans begins with a preauthorization. For this, click Apply Now on any page of the Rocket Loans site.
FAQs
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About the Author
Stephanie Faris
Stephanie Faris is a professional content writer and author specializing in financial content. Her work has been published on Money Under 30, Sapling, PocketSense, and Retirable, among many others.
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