Best Unsecured Personal Loans for Bad Credit of October 2024
Many reputable lenders offer unsecured personal loans to those with bad credit, ranging between APR of $5.99% to 35.99%. Better than payday loans with an APR of 400%! From 0 credit scores to those requiring a 500 – 580 range, we compiled a list of reliable lending options that can provide the cash you need without having to risk your collateral in the process.
But before we show them to you, watch our video that shows how people with bad credit can get a personal loan:
Best Unsecured Personal Loans for Bad Credit of October 2024
| Loan Company: | Min. Credit Score: | APR: | Amount: |
|---|---|---|---|
| ZippyLoan | 0 | Vary | $100 – $15,000 |
| LifeLoans | 0 | Vary | $100 – $40,000 |
| NextDayPersonalLoan | 0 | Vary | $100 – $40,000 |
| VivaLoan | 0 | Vary | $100 – $15,000 |
| BadCreditLoans | 0 | 5.99% – 35.99% | $500 – $10,000 |
| CashUSA | 0 | 5.99% – 35.99% | $1,000 – $10,000 |
| PersonalLoans | 580 | 5.99% – 35.99% | $1,000 – $35,000 |
| OppLoans | 0 | 59% – 160% | $500 – $4,000 |
| OneMain | Not Specified | 18% – 35.99% | $1,500 – $20,000 |
| Avant | 550 | 9.95% – 35.99% | $2,000 – $35,000 |
| First Tech Federal Credit Union | 0 | 6.70% – 18% | $500 – $50,000 |
BadCreditLoans
 | |
| Loan Amount: | $500 – $10,000 |
| APR: | 5.99% – 35.99% |
| Min. Credit Score: | 0 |
| Approval: | 1 Day |
| Terms: | 3 – 36 months |
| Origination Fee: | N/A |
| DTI Ratio: | N/A |
| Check rates | |
BadCreditLoans.com offers unsecured personal loans for very bad credit.
And like their motto states – they can help when others can’t.
While loan amounts can reach up to $10,000, those with really bad credit shouldn’t expect that much. Usually, BadCreditLoans.com will provide up to $3,000 if your credit is extremely poor, while those with higher credit scores can get the full $10,000.
Pros:
- Easy and fast approval.
- Those with really bad credit still get approved.
- APRs in the personal loan range, which means less than 35.99%.
Cons:
- Those with really bad credit should expect high APRs ranging from 15% to 35.99%.
- Not all loans get approved.
LendingPoint
 | |
| Loan Amount: | $2,000 – $25,000 |
| APR: | 9.99% – 35.99% |
| Min. Credit Score: | 585 |
| Approval: | 1 – 3 Days |
| Terms: | 36 – 60 months |
| Origination Fee: | 0 – 6% |
| DTI Ratio: | 35% |
| Check rates | |
As another unsecured loan option for those with bad credit, LendingPoint offers APRs that range from 9.99% to 35.99%. As well, you have access to funds ranging from $2,000 to $25,000.
To get a loan, you must have an annual income of at least $20,000 and a minimum FICO score of 585. A loan origination fee of 0% to 6% is applied to each borrower.
And what else should you know?
Well, LendingPoint loans are only available in 34 states, and if you have bad credit, your APR will most likely fall at the high-end of the range. As well, the company does not offer a co-signer option.
Pros:
- Low credit score requirement (585 minimum).
- Instant approval or within one business day.
- No penalty for early repayment.
- No restrictions on what the loan can be used for.
Cons:
- Must have an annual income of at least $20,000.
- Must have a debt-to-income ratio of 35% or less.
- Only available in 34 states.
- No co-signer option.
LendingTree
 | |
| Loan Amount: | $1,000 – $50,000 |
| APR: | 3.99% – 35.99% |
| Min. Credit Score: | 500 |
| Approval: | 1 Day |
| Terms: | 1 – 5 years |
| Origination Fee: | 0 |