Rocket Loans Personal Loan – How to Apply
Get in touch with the steps to a successful loan application with Fulton Bank and the bank’s eligibility requirements for this $10,000 loan.
Looking for a personal loan to meet your financial needs? Rocketloan is here to help! With Rocketloan, you can borrow up to $50,000 and choose a repayment term that suits your budget.
Whether you’re planning a dream vacation or consolidating debt, Rocketloan offers a quick and hassle-free loan application process to get you the funds you need.
Below, you can check out all the requirements and procedures you need to follow before submitting an application for a Rocketloan personal loan.
Loan Requirements
As with many other loans, to apply for a Rocketloan Personal Loan, there are several requirements you need to meet.
Firstly, Rocketloan requires a minimum credit score of 640. Additionally, you will need to provide proof of a stable income through pay stubs, tax returns, or bank statements.
Although not mandatory, a consistent employment history is also essential, as it demonstrates stability, reliability and may help you get lower rates.
Lastly, you must be a U.S. citizen or a permanent resident and at least 18 years old to qualify for a Rocketloan Personal Loan.
How do I apply?
You can apply for Rocketloan by accessing their website. The entire process should take less than 20 minutes and clients often receive a quote on the same day.
- To apply, you just need to follow the steps belloe:
- Visit the Rocketloan
- Click on the “Get Started” box at the home page
- Fill the required boxes
- Click on “See My Options”
- Upload the required documentation
- Submit your loan application.
Rocketloan will review your application and notify you of their decision. If approved, you’ll receive the loan terms and conditions.
Once you get approved, Rocketloan will typically release your funds within 24 business hours.
Looking for less money and lower interest rates? Then Oportun’s loans might be an ideal option!
Oportun’s Personal Loans, also known as Consumer Loans, are designed suit their borrows major needs.
These loans are intended to provide quick funds to cover various situations, whether it’s consolidating debt, paying medical bills, or making home improvements.
Currently, Oportun offers both secured and unsecured personal loans. Unsecured loans allow you to borrow up to $10,000, while secured loans provide the option to borrow up to $18,500.
Unsecured loans are available to almost any customer, while secured loans require the provision of a vehicle as collateral.
Oportun offers flexible repayment terms of up to 42 months, ensuring that interest rates start as low as 10.74% APR.
Additionally, Oportun allows customers to apply with a co-signer, which can be beneficial for individuals with a less favorable credit history.
Major Advantages
By being an online lender, Oportun’s stand out from traditional banks by having much simpler and more easy-approval loan.
By eliminating the need for in-person visits and excessive paperwork, borrowers can save time and effort when applying for a personal loan.
The loans are accessible to clients with both good and bad credit scores, as long as they can demonstrate their ability to repay.
Oportun also does not charge any prepayment fees, enabling borrowers to pay off their loans early without incurring financial penalties.
Oportun’s co-signer option is also a great stand out feature, which may result in lower interest rates for borrowers with a lower credit score.
