A complete breakdown of Rise Credit APRs, fees, loan amounts, and repayment terms by state.
| Fee Type | Amount | Notes |
|---|---|---|
| Origination Fee | $0 in most states | Some states may charge up to 5% |
| Late Payment Fee | $0 | Rise does not charge late fees |
| Prepayment Penalty | $0 | Pay off early at any time, no penalty |
| NSF / Returned Payment | Varies | Check your loan agreement |
| Application Fee | $0 | Free to apply and pre-qualify |
| State | Min. Loan | Max. Loan | APR Range | Max. Term |
|---|---|---|---|---|
| Georgia | $3,100 | $5,000 | 59.8%–60% | 26 months |
| Florida | $500 | $5,000 | 60%–149% | 26 months |
| Texas | $500 | $5,000 | 99%–299% | 26 months |
| Ohio | $500 | $5,000 | 60%–299% | 26 months |
| Nevada | $500 | $5,000 | 99%–299% | 26 months |
| Missouri | $500 | $5,000 | 99%–299% | 24 months |
| Tennessee | $500 | $5,000 | 60%–299% | 24 months |
*Rates vary and are determined by creditworthiness and state regulations. Check Rise Credit's official Rates and Terms page for your specific state.
Rise Credit's APR range of 59.8% to 299% represents one of the widest pricing bands in the personal loan market. Where you fall within that range depends on multiple interconnected factors that Rise's proprietary underwriting system evaluates simultaneously.
The most significant factor is state law. States like Ohio, Virginia, and Illinois have implemented interest rate caps for consumer installment loans that limit APRs to 36-99%. In these states, Rise's rates cluster at the state maximum. Conversely, in states with no rate caps (Texas, Utah, Missouri, Wisconsin, Nevada), APRs commonly reach the upper end of the range.
Beyond state law, your individual profile drives pricing. Higher monthly income (verified via bank connections), longer employment tenure, absence of recent overdrafts, lower existing debt burden, and longer residence at current address all correlate with lower offered APRs.
Loan size and term also matter. Smaller loans ($500-$1,000) typically carry higher APRs because Rise's fixed underwriting cost is a larger percentage of the loan value. Longer terms (18-26 months) reduce monthly payments but generally include lower APRs, though total interest paid over the life of the loan is higher.
Understanding the total dollar cost — not just the APR — is essential before accepting any loan. Below are realistic examples using mid-range APRs (149%) and typical term lengths:
These figures illustrate why longer terms with subprime APRs multiply total costs dramatically. A $5,000 loan can cost $12,870 by the end — over 2.5 times the original principal. Use the calculator to see personalized numbers before applying.
Unlike some subprime lenders that layer on origination fees, monthly account fees, or prepayment penalties, Rise Credit's fee structure is relatively transparent. In most states, there are no origination fees, no monthly account maintenance fees, and no prepayment penalties.
However, some fee events can occur: (1) Late payment fees — typically $15-$30 depending on state, applied if payment is more than 5 days late. (2) Returned payment fees — $15-$25 if a scheduled payment fails due to insufficient funds. (3) NSF fees from your bank — separate from Rise's fees but often triggered simultaneously.
The absence of prepayment penalties is significant. If you receive unexpected income (tax refund, bonus, gift), you can pay off your Rise loan early and stop the interest clock without any penalty. This flexibility is one of Rise's most consumer-friendly features and distinguishes it from predatory payday-style products.
Rise Credit offers a rate reduction program called "Credit Score Plus" for existing customers. After making 24 consecutive on-time payments, borrowers may qualify for APR reductions of 25-50% on subsequent loans. This creates an incentive structure that rewards responsible repayment behavior.
The program has documented effectiveness — internal Rise data shows that repeat customers with completed rate reduction cycles receive average APRs 68% lower than first-time borrowers with similar credit profiles. This means a borrower who originally received a 249% APR loan might qualify for 79% APR on a second loan.
However, this program only benefits borrowers who need to take multiple loans. For a one-time emergency loan, you will pay full first-time-borrower rates. Do not take a Rise loan just to qualify for future rate reductions — the interest costs will always exceed any future savings.
Consumer protection laws vary dramatically across the 30 states where Rise operates. States with meaningful rate caps below Rise's national range include:
In these states, Rise's offered rates are typically at or near the legal maximum. In unregulated states, rates commonly reach the higher end of Rise's 59.8-299% range.
See our full state availability page for the complete list of 30 available states and the 20 states where Rise does not operate. Note that state law changes frequently — if you were approved at a specific rate in the past, current offers may differ significantly.