Rise Credit Payday Loan Review

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Rise Credit

rating: 5
  • Social security and disability income are accepted
  • Borrow on your own terms
  • Free Credit Score Plus

Rise Credit Payday Loans


If you’re in a fix and need some quick cash, the best place to get a loan could be right at your fingertips – why not try to get a payday loan online? Rise Credit will lend you up to $5,000 against your pay-check, meaning you can get the money you need in under a day.

By Editorial Team | 2nd January 2019

Rise Credit has grown in popularity in recent years, as has the payday loan industry in general. While you might pay a higher interest rate when compared to a regular bank loan, you can get instant payday loans straight away (as early as tomorrow). That makes Rise a viable option for many people who need money fast.

Rise has recently started dropping their interest rates to many of their customers in an attempt to try and make borrowing more affordable. They offer flexible payment plans that let you borrow on your own terms – meaning you can get what you want, when you want. They also offer 6-month loans and no early payment fees which means you don’t pay anything before you get your money.

One other feature that helps Rise Credit stand out is that they also offer a 5-day risk-free guarantee, meaning you can change your mind within 5 days of starting your loan. If you pay them back in full, you won’t be charged any fees or interest during this time. That means you’ll have no obligation to continue with your pay day loan if you change your mind quickly which is a nifty option to have and it’s not offered by many companies today.

What is involved in the application process?

Unlike some other payday loan companies, Rise offers an easy application form that shouldn’t take too long to complete. That means you can get your money much sooner, sometimes even within a day. The simple payday loan application on offer at Rise makes it a great option for someone who needs money fast and doesn’t want to have to fill out a huge application process or wait ages to get approved.

How much can you borrow and how long can you borrow for?

At Rise, you can borrow instant loans online, ranging between $300 and $5,000. It’ll often depend on how much you earn and how long you want to take to make repayments. Generally, the borrowing periods are for between 4 and 26 months.

What is the monthly repayment and total payable amount?

Actual monthly repayments and total payable will depend on the amount you borrow and how long you want to borrow it for – along with where you’re located. As a quick example, a $1,250 loan in Idaho will have 22 bi-weekly payments (so roughly 11 months), of $157.84 (or $315.68 every 4 weeks). That gives a total payable amount of $3472.48 with an APR of 298.18%. This is obviously a high-interest rate, but if you need emergency loans, it could still be a viable option.

What fees are involved and what is the interest rate and APR?

Again, this will vary a lot depending on where you’re located, and how much you want to borrow (along with how long you want to borrow it for). APR rates should fall somewhere between 60% and 299% depending on these terms, but there will be no hidden fees.

What do I need to get a payday loan?

Almost anyone is eligible for a quick payday loans at Rise, but you might have to pass a credit check and prove how much you earn. The payday loan application will depend on how much you want to borrow and whether your earnings will support this. In short – you need a regular cash flow in order to qualify.

How long does the money take to reach your account?

One big benefit of Rise is that you can get super-fast cash transfers. That means you could have your money as early as tomorrow. Rise is usually regarded as one of the quicker companies in this regard.  

Are there any additional features?

Rise offers free credit checks and the ability to borrow flexibly on your own terms – as well as the risk-free cooling off period we looked at earlier. They also offer a wide range of tools and reporting features to help you manage your money.

Also, Rise Credit offers some resources to teach its customers about financial wellness and management. Their webpage has a number of educational articles to help customers with building good credit and learning new money habits, but it also has a comprehensive list of all financial terms that the customers need to know to understand exactly what they’re doing when taking out a payday advance online. Also, at the bottom of their page, Rise makes sure that their customers are aware of other, possibly cheaper alternatives to getting a payday loan such as credit card cash advances and personal loans. This shows great integrity and is one of the reasons that people have been choosing Rise for their instant loan needs for years.

What are the terms and conditions?

Rise Credit has a range of terms and conditions that you’ll need to follow carefully for any payday loans you take out. Make sure you’ve checked the specific terms for your state and location, and make sure you keep to their payment plan as interest rates are quite high. There are several different terms and conditions, depending on which state you want to apply in. Depending on your location, Rise may be able to cut your rates and make your payday loan even cheaper and easier to repay!


Rise is a good quality lender that comes with a number of key benefits for those in need of some quick cash. While the interest rates are high, this is often the case with pay day loans – and they are still a good option for those who really need some money, quickly. If you find yourself in such a situation, Rise Credit is worth looking into as they have a proven track record and a large number of positive reviews online.

Reviewed by
Editorial Team
Our Editorial Team is constantly watching for new and exciting services to report on. They aim to bring balanced, honest reviews to the site to give you the best comparisons and ensure you have the knowledge to choose the product right for you. Read more.
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