Who is Rocket Loans?
Rocket Loans is an Invoice2go partner that offers unsecured personal loans. The Rocket Loans Contractor Program allows you to offer financing to your customers for their home improvement projects. With an established brand name and experience in financing, Rocket Loans makes it simple to turn dream projects into a reality.
What is the Rocket Loans Contractor Program?
The Rocket Loans Contractor Program allows you to offer financing to your customers. This can increase your customers’ purchasing power, allowing them to say yes to more jobs. With a paperless process, your customers can get financing in a matter of minutes.
How does it work?
To partner with Rocket Loans, fill out a contractor application. Once approved and onboarded into the program, you’ll be ready to offer financing to your customers. When you send estimates or invoices, your customers will be able to apply and then pay for their projects using their loan.
Why should I use it?
Customers tend to buy more if they can pay flexibly over time. A $7,000 job can become a $15,000 dream project for both you and the customer. You can turn your browsers into real buyers. Not to mention there are no enrollment fees and no cancellation fees.
What does it cost?
You’ll pay a small percentage fee, which will be automatically deducted on the amount Rocket Loans sends you with each draw.
Contact the Rocket Loans Sales team for more information on fees. They are typically available during ET business hours (~9am-6pm), you can expect a pickup, otherwise quick responses to voicemails. They can be reached at: 855-479-7465
How do I sign up?
You can apply with your personalized link, which can be found in your invitation email.
What will be my customer’s experience?
Rocket Loans’ process is simple and completely online for customers. On their own device, customers will apply for a personal loan by providing some basic personal information such as name, address and social security number. They will avoid uploading pay stubs by verifying their income electronically.
Approved customers will be shown a variety of loan offers and can select one that works for them and their budget. Customers will be able to pay for their invoices with their loan.
How long does it take for my customers to apply?
Customers are shown offers in a matter of minutes without affecting their credit score. They can sign their loan documents electronically in just a few minutes more.
How fast are loan approvals?
Approvals can happen right as you’re both sitting at the kitchen table. Customers can see loan offers and close their loan in a matter of minutes.
How will I get paid?
When you send an invoice to your customer, they will be able to pay in part or in full with their loan. Once that happens, Rocket Loans will automatically deposit you the payment directly to your bank account net the fee. You could receive your money as soon as the same day.*