Very simple interest is curiosity that is only calculated within the Original sum (the "principal") borrowed or deposited. Generally, straightforward fascination is ready as a hard and fast percentage for your length of a loan. NerdWallet would not acquire compensation for our star rank

Just like other lenders, you’ll need to be not less than 18 a long time outdated to qualify for a private loan from Rocket Loans. You’ll also need to be a U.S. resident and reside in a point out in which Rocket difficulties loans. Its individual loans at this time aren’t available