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RISE | FinWise

FinWise Bank now partners with RISE to offer Minnesota residents an online loan option.

Need a quick loan in Minnesota?

Time is of the essence during an emergency. Whether you’re dealing with a broken-down car or medical emergency, being able to quickly get a loan can be important.


FinWise Bank offers RISE online loans, with a simple application and quick funding.


From start to finish, you can apply and take out a loan without having to leave your home:


  1. Apply online: Complete the application, and FinWise Bank will automatically evaluate your information and may give you a decision in a matter of minutes.
  2. Choose your loan amount: The rates and terms FinWise Bank offers you can vary depending on your creditworthiness. However, it’s up to you to decide if you want to borrow the full amount or choose a smaller loan.
  3. Use your loan: Your money will be deposited directly into your checking account. You may be able to get the funds in your account by the next business day.*


If you’re approved for a loan, your rates and terms will fall within the following ranges:

  • Borrow $500 to $5,000
  • Repay the loan over 7 to 26 months
  • Pay an annual percentage rate (APR) of 99% to 149%


What should you consider before taking out a loan?

Here are a few things to keep in mind as you compare lenders and loan options:


  • Timeliness: If you’re considering online versus brick-and-mortar lenders, ask about how long it may take to get approved for a loan and receive the funds. Online lenders may offer a quicker solution.
  • Loan amounts: Make sure the lender offers loans that are large enough to meet your needs. Also watch out for minimum loan requirements, or you may have to borrow more money than you need. In Minnesota, the loans offered are $500 to $5,000.
  • Fees: Lenders may charge a variety of fees, including application, origination, and prepayment fees. FinWise doesn’t charge any of these, and all payments are fully disclosed on your loan agreement.
  • Loan rates: Comparing loans’ APRs could be more helpful than looking at their interst rates.
  • Lender benefits: Some lenders may offer additional tools and resources to borrowers. For example, FinWise gives you five business days to decide if you want to keep your loan. If you change your mind, you can return the loan principal without paying any fees. Risecredit.com also offers a variety of free financial education resources and tools.


Learn more

Interested in what we have to offer? Learn more and consider applying for a loan today.


  • Read about what differentiates RISE by FinWise Bank from other lenders.
  • Learn how to save money, build credit, and other personal finance tips the Rise Credit blog.
  • Explore free educational videos and downloadable personal finance tools.
  • Sign up for the free Credit Score Plus program, which comes with credit monitoring and lets you track one of your TransUnion credit scores.


To find out more about FinWise Bank’s installment loans in Minnesota visitthe What It Costs page and select Minnesota.

* Applications processed and approved before 6pm ET are typically funded the next business day.  To obtain credit, you must apply online and have a valid checking account and email address. Approval for credit and the amount for which you may be approved are subject to minimum income requirements and vary by state.