Loan Companies Like Avant, OneMain, Upstart, PersonalLoans
If you have bad credit and need a personal loan, solutions are available. The best online and traditional lenders consider bad credit less troublesome than in years past. As a result, companies like BadCreditLoans, ZippyLoan, Avant, LendingTree, OneMain Financial, Upstart, Upgrade, Happy Money, and PersonalLoans are more willing to compete for your business.
Bad credit lenders typically require a credit score of 500 or more, and APRs are often inversely correlated to your credit score. The lower the score, the higher the APR. However, specifics vary by lender, and other factors can tilt the scale in your favor. For example, your income, debt-to-income (DTI) ratio, education, and employment can increase your creditworthiness in the eyes of lenders. Standard terms are as follows:
- Bad credit personal loans typically range from $1,000 to $10,000, with APRs of 15% to 35.99%.
While rates of 15% to 35.99% are not cheap, lenders require more compensation to finance borrowers with bad credit. Moreover, the terms are better than payday loans since rates average 400%, and loans typically max at $1,000.
Our marketplace lists dozens of bad credit products from the most reputable lenders, and you can filter the results by your unique criteria. Moreover, applying does not require a commitment and won’t impact your credit score. As a result, it’s prudent to shop around to obtain the best rate. You can also read our reviews below for more information.
The Best Bad Credit Personal Loans
Since honesty is the best policy, we must warn you that the best terms, APRs, and highest loan amounts are often reserved for borrowers with good to excellent credit scores. However, it doesn’t mean that you can’t obtain an affordable loan, and it doesn’t mean that you can’t rebuild your credit and obtain cheaper financing in the future.
Moreover, today’s lending market is much more competitive than in years past. As a result, alternative metrics like your spending habits, income, savings, education, and rent history can help tilt the scales in your favor.
| Lender: | Loan Amount: | APR: | Min. Credit Score: | Best For: |
|---|---|---|---|---|
| Upstart | $1,000 – $50,000 | 4.6% – 35.99% | 300 | Low credit scores, high DTI ratios |
| ZippyLoan | $100 – $15,000 | 12.00% – 35.99% | 0 | Bad or no credit |
| NextDayPersonalLoan | $100 – $40,000 | Not Listed | Not Listed | Comparing bad credit loans |
| Avant | $2,000 – $35,000 | 9.95% – 35.99% | 580 | $20,000 annual incomes |
| OneMain Financial | $1,500 – $20,000 | 18.00% – 35.99% | 0 | Low credit scores |
| PersonalLoans | $1,000 – $35,000 | 5.99% – 35.99% | 580 | Short and long-term personal loans |
| BadCreditLoans | $500 – $10,000 | 5.99% – 35.99% | Not Listed | Comparing bad credit loans |
| CashUSA | $500 – $10,000 | 5.99% – 35.99% | Not Listed | Comparing bad credit loans |
| LendingPoint | $2,000 – $36,500 | 9.99% – 35.99% | 580 | $25,000 annual incomes |
| Upgrade | $1,000 – $50,000 | 8.49% – 35.99% | 560 | High DTI ratios |
| LendingTree | $1,000 – $50,000 | 2.49% – 35.99% | 600 | Obtaining a low APR |
| LendingClub | $1,000 – $40,000 | 7.04% – 35.89% | 600 | Fair credit scores, low DTI ratios |
| Peerform | $4,000 – $25,000 | 5.99% – 29.99% | 600 | Fair credit scores, low DTI ratios |
| Happy Money | $5,000 – $40,000 | 5.99% – 24.99% | 550 | A stable credit history |
| BMGMoney | $500 – $10,000 | 16% – 36% | 0 | BMGMoney’s partner employees |
| Uprova | $300 – $5,000 | 34.5% – 35.99% | 580 | Avoiding loan origination fees |
| SeedFi | $950 – $8,000 | 7.42% – 29.99% | 520 | Hybrid loan products |
| MarinerFinance | $1,000 – $25,000 | 18.99% – 35.99% | 0 | Mid-sized loans |
| OneBlinc | $1,000 – $5,000 | 23% – 35.9% | 0 | OneBlinc’s partner employees |
| UniversalCredit | $1,000 – $50,000 | 8.93% – 35.93% | 560 | Low credit scores, high DTI ratios |
Upstart
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| Loan Amount: | $1,000 – $50,000 |
| APR: | 4.6% – 35.99% |
| Min. Credit Score: | 300 |
| Approval: | 1 – 7 Days |
| Terms: | 3 – 5 Years |
| Fees: |
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| Qualification Criteria: |
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| Average Borrower Profile: |
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| Best For: | Low credit scores, high DTI ratios |