A complete breakdown of Rise Credit interest rates, fees, and what your loan will actually cost you.
| APR Range | 60% – 299% |
|---|---|
| Minimum APR | 60% (Georgia — state rate cap) |
| Typical APR | 100% – 200% for most borrowers |
| Maximum APR | 299% (Texas and other states with no cap) |
| Origination fee | Up to 5% in some states (included in APR) |
| Late fee | None |
| Prepayment penalty | None |
| Application fee | None |
| State | Min APR | Max APR | Notes |
|---|---|---|---|
| Georgia | 60% | 60% | State rate cap applies |
| South Carolina | 99% | 200% | Mid-range state |
| Alabama | 99% | 250% | Higher rate state |
| Mississippi | 99% | 260% | Higher rate state |
| Idaho / Utah | 99% | 299% | No effective rate cap |
| Texas | 99% | 299% | No rate cap — maximum APR |
| Delaware | 60% | 200% | Via bank partner |
| Loan | APR | Term | Monthly Payment | Total Interest | Total Repaid |
|---|---|---|---|---|---|
| $1,000 | 60% | 12 months | $91 | $93 | $1,093 |
| $1,000 | 120% | 12 months | $119 | $430 | $1,430 |
| $2,000 | 160% | 12 months | $358 | $2,298 | $4,298 |
| $2,000 | 299% | 12 months | $575 | $4,903 | $6,903 |
| $3,000 | 200% | 24 months | $511 | $9,270 | $12,270 |
*Estimates only. Actual rates vary. Use the calculator for your specific numbers.
Georgia caps Rise Credit loans at 60% APR. Other states may have partial caps. Your state of residence is the biggest determinant of your rate.
Even moving from 550 to 580 can meaningfully reduce your APR. Pay down balances and avoid new applications for 3–6 months before applying.
A higher, stable income reduces perceived risk. More consistent income relative to the loan amount may unlock better rate offers.
This is one of the most-searched questions about Rise Credit, and the answer is unambiguously good news: Rise Credit charges no early payoff penalty in any state where it operates. You can pay off your loan in full at any time without incurring extra fees, prepayment charges, or "interest acceleration" clauses.
This is meaningful because most legitimate complaints about high-APR installment loans center on getting stuck paying interest for the full term. When your lender allows free prepayment, the math changes significantly. Here's why:
Real-world example: A $2,500 loan at 199% APR over 24 months has a scheduled monthly payment of about $397 and total cost around $9,528. If you pay off the same loan in 12 months instead by sending $700/month, your total cost drops to roughly $5,400 — a savings of over $4,100. The lender will not charge you anything extra for paying early.
The practical takeaway: if you take a Rise Credit loan, treat early payoff as a financial priority. Even modest extra payments of $50–$100 per month will materially reduce your total interest paid. Tax refunds, bonuses, and any windfall income should go toward early payoff first.
Rise Credit's fee structure is more transparent than most subprime lenders, but a few fees are worth knowing about before you sign:
| Fee Type | Amount | When Charged |
|---|---|---|
| Origination fee | Up to 5% in some states | Deducted from disbursement (not in TX, FL, GA, etc.) |
| Late payment fee | $15–$30 depending on state | After grace period (usually 10–15 days) |
| NSF / returned payment | $15–$30 | When ACH payment bounces |
| Prepayment penalty | None | Never |
| Application fee | None | Never |
| Membership fee | None | Never |
For most borrowers, the only fees beyond interest will be a possible late or NSF fee — both of which are avoidable with autopay enabled. Rise actually offers a small APR discount in some states for borrowers who enroll in autopay, so this is worth doing regardless.
To put Rise Credit's 60–299% APR in context, here's how it compares to other consumer lending categories:
Rise Credit sits at the lower end of the subprime installment category and well below the payday-loan tier. It's expensive, but for borrowers who don't qualify for credit union loans or prime credit cards, it's measurably cheaper and safer than the payday/title alternatives.
Common questions about this topic — tap any question to expand the answer
Rise lends to borrowers banks reject — typically those with FICO scores below 620, recent credit issues, or thin credit files. Default rates in this segment can exceed 25%, and Rise prices APR to cover those losses plus operating costs and bank-partner fees. The structural alternative for many of Rise's borrowers would be payday loans (200-700% APR), so Rise is positioned as a cheaper subprime option.
Rise Credit's published minimum APR is 60%, available in states with rate caps (notably Georgia at a 60-175% range). To qualify for the lowest tier, borrowers typically need a FICO score above 620 and verifiable income well above the minimum threshold. Most approved borrowers receive APRs between 130% and 250%.
In some states, Rise offers a small APR reduction (typically 0.25 to 0.5 percentage points) for borrowers who enroll in autopay. The discount is automatic — no application required. Confirm availability when reviewing your loan agreement before signing.
No. Rise Credit's rates are set algorithmically based on your credit profile, income, banking history, and state. There is no negotiation process. Your best levers for a lower rate are improving your credit score before applying or living in a state with statutory rate caps.