Estimate your monthly payment, total interest, and true cost of a Rise Credit loan — before you apply.
Rise Credit charges extremely high APRs compared to traditional personal loans. Here's what that means in real dollars:
The smallest loan amount that covers your emergency significantly reduces total interest paid.
A 6-month term costs far less in total interest than a 26-month term, even at the same APR.
Rise charges no prepayment penalty. Every dollar of extra payment goes directly to reducing your balance.
On a $2,000 loan over 12 months — the difference between Rise's best and worst rate is over $2,500.
| APR | Monthly Payment | Total Interest | Total Repayment | Cost vs. Principal |
|---|---|---|---|---|
| 60% | $214 | $568 | $2,568 | +28% |
| 99% | $254 | $1,048 | $3,048 | +52% |
| 150% | $312 | $1,744 | $3,744 | +87% |
| 199% | $368 | $2,416 | $4,416 | +121% |
| 250% | $427 | $3,124 | $5,124 | +156% |
| 299% | $487 | $3,844 | $5,844 | +192% |
*Based on $2,000 loan, 12-month term, equal monthly installments. Estimates only.
Rise typically structures payments on a biweekly basis (every two weeks), aligned with your pay schedule. This means you'll make approximately 26 payments per year, not 12. The calculator above uses monthly estimates for simplicity — your actual payment schedule will be outlined in your loan agreement.
No. Rise charges no prepayment penalty whatsoever. Paying your loan off early can save you substantial interest — especially at higher APRs. We strongly recommend paying as quickly as possible.
Rise targets subprime borrowers (credit scores 550–630) who represent higher default risk. The higher APR compensates for that risk. It's legal in the states where Rise operates, though many consumer advocates recommend avoiding loans above 36% APR unless no other option exists.
Your actual APR depends on your state of residence, credit history, income, and other factors. Georgia borrowers may qualify for rates as low as 60%, while Texas borrowers may face rates above 150%. Use the calculator above to explore scenarios, then pre-qualify at Rise's website (soft pull, no credit impact) to see your actual offer.