Rocket Loans Review
Fast funding from the Rocket family, with only two term choices and an origination fee that can reach 9.99%.
By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked September 11, 2026.
Our verdict
Origination of up to 9.99% comes out before disbursement, and Rocket's own example turns a 14.55% interest rate into a 17.90% APR, a cost that suits borrowers who need money fast and can use same-day funding. Terms come only in 36 or 60 months, with no co-signers or joint applications. The 7.99% floor needs autopay, so compare offers on APR.
Skip it if you need a term other than 36 or 60 months, or want a co-signer on the loan.
About Rocket Loans
Fast funding from the Rocket family, with only two term choices and an origination fee that can reach 9.99%. Rocket Loans is offered by RockLoans Marketplace LLC (NMLS #1399530). All loans made by Cross River Bank. Our editorial rating is 3.4 out of 5.
Best for: Borrowers who want money quickly and are content with a 3 or 5 year term.
Editorial grade: B- (composite score 67/100).
Highlights
- $2,000 to $75,000, funded by Cross River Bank
- APR 7.99% with autopay to 29.99% without
- Only two terms exist: 36 months or 60 months
- Available in 46 states and DC
What we like
- Trustpilot 4.9 across 9,692 reviews
- Same-day funding is genuinely available
- Rocket publishes its average origination fee, 4.44% for very good credit, rather than only the ceiling
- No prepayment penalty
Where it falls short
- Only 36 or 60 month terms, so there is no way to tune the monthly payment
- Origination up to 9.99%, deducted before disbursement, and its own worked example turns a 14.55% interest rate into a 17.90% APR
- No co-signers and no joint applications, so a thin file has no way to strengthen itself
Fees, minimums, and rates
Monthly fee: Up to 9.99% origination, $15 late fee. Minimum to open: $2,000 minimum loan. Rates and fees last checked on September 11, 2026.
How we reviewed it
This is a desk review: we have not opened an account with RockLoans Marketplace LLC (NMLS #1399530). All loans made by Cross River Bank. It is built from RockLoans Marketplace LLC (NMLS #1399530). All loans made by Cross River Bank's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Personal Loans shortlist. The rubric is the same for every brand.
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Read our full editorial methodology for how we review products.