If you’re looking for an unsecured loan and you have poor credit, it’s no secret that your local bank branch can be more of an obstacle than anything else.
Enter the age of online personal loans – and the best online lenders are more than willing to fund your bank account with some extra cash.
Whether you’re looking for car repair assistance, rent money, or a down payment for that fancy new Tesla you’ve had your eye on; our sites offer unsecured loans with same-day funding and flexible sizing.
MoneyMutual is our top pick this time around, but we’ve got 9 additional best unsecured loans for bad credit that boast competitive APRs and a trustworthy network with multiple lenders.
Best Personal Loans For Bad Credit With Guaranteed Approval:
- MoneyMutual – Best bad personal loans overall
- CashUSA – Flexible unsecured loan sizing with low interest rate
- BadCreditLoans – Excellent marketplace for credit builder loans
- Personal Loans – Caters to a wide variety of good credit borrowers
- Takefast3k.com – No-denial payday loans with direct lenders only
- Funds Joy – Plenty of personal loan lenders to choose from
- 247CreditNow.com – Good for larger unsecured personal loan amounts
- iCashLoans.com – Instant-approval marketplace for same-day funding
- 247 Dollar Loan – Top-rated site for small personal loans
- BetterLoansMutual.com – No credit requirements and high funding limits
1. MoneyMutual – Best Bad Credit Personal Loans Guaranteed Approval
- No credit score requirement
- No fixed APR, depending on credit
- Loan amount from $100 to $5,000
- Loan term lengths from 3 to 72 months
- $9,600 minimum annual income
MoneyMutual is the best personal loan marketplace we’ve found. They’ve been a recognized online name since 2010, and they’re a reputable member of the Online Lenders Alliance.
Their varied lending network has served over 2 million customers with flexible, low-interest personal loans for bad credit. They lack any sort of credit score requirement, which makes them accessible for borrowers with a stable monthly income of $800 or more.
You can borrow anywhere from $100 to $5,000, and good-to-excellent credit borrowers will enjoy industry-leading APRs. Even still, almost every borrower gets approved.
Depending on your financial situation, their 150+ lenders work with you to stipulate repayment terms that last from 3 months to 6 years.
MoneyMutual Best Features
- Near-instant loan approval
- 24-hour expedited funding
- Flexible borrowing limits
MoneyMutual Pros
- Doesn’t require credit history
- Trusted loan provider
- 150+ active lenders
- Forgiving repayment terms
MoneyMutual Cons
- Loans capped at $5,000
MoneyMutual Personal Loan Eligibility Details
- MoneyMutual serves fair-to-good credit borrowers with smaller loan requests.
- Paying back your loans on-time can boost your credit score.
- Monetary transfers take 24 hours.
- Must have a checking or savings account with $800 in stable monthly income.
- Must be 18+ years of age and a US citizen.
Get a Bad Credit Personal Loan With MoneyMutual
2. CashUSA – Best for Small Personal Loans for Bad Credit
- No minimum credit score required
- Fixed APR from 5.99% to 35.99%
- Loan amount from $500 to $10,000
- Loan terms from 90 days to 72 months
- $12,000 minimum annual income
CashUSA’s marketplace is designed for good-to-excellent credit borrowers with sizable loan requests. Having been a successful loan provider since 1997, they’ve earned a reputation for their competitive interest rates and flexible repayment plans.
They offer fixed APR rates that cap at 35.99% no matter your past credit history, and they don’t require you to show a particular score before getting a loan. Of course, borrowers with pristine credit reports will pay interest rates closer to 6% than 36%.
CashUSA has cemented their brand as a trusty go-to for borrowers looking to receive $500 or $10,000 with low interest rates attached. That said, you’ll have to show proof of $1,000 in monthly income to qualify.
CashUSA Best Features
- Flexible repayment terms
- Forgiving interest rates
- Unrivaled loan sizing
CashUSA Pros
- 25 years of reputability
- Fixed APRs don’t discriminate
- No credit score requirement
- Trusted lending network
CashUSA Cons
- $5,000+ loans take up to 7 days
CashUSA Eligibility Details
- CashUSA serves struggling and high-income borrowers equally.
- On-time payments positively impact your credit report.
- Depending on loan sizing, funding takes 1-7 days.
- Must prove $1,000 in monthly income with a valid checking account.
- Borrowers must be 18+ years of age and a US citizen.
3. BadCreditLoans – Reliable Loans for Bad Credit
- No credit score requirement
- Fixed APR between 5.99% and 35.99%
- Loan amount from $500 to $10,000
- Repayment terms from 3 to 72 months
- $0 annual income requirement
When you don’t have time to negotiate the details, give BadCreditLoans a ring. They specialize in providing fast payday loans for bad credit that range from $500 to $10,000, and their nonexistent credit score requirements allow BadCreditLoans to approve just about anybody.
They offer fixed interest rates from 5.99% to 35.99%, but these APRs fluctuate depending on your credit history. Generally speaking, fair-to-good credit borrowers will pay lower rates.
They also don’t stipulate any annual income requirements, so long as you’re employed. Depending on your financial situation, loans stretch over 3-month to 6-year repayment periods.
However, there’s one bug in the system – bad-credit borrowers can only get approved for up to $5,000 in same-day funding.
BadCreditLoans Best Feature
- Loan approval in minutes
- No credit or income requirements
- Loans from $500 to $10,000
- 24-hour funding guarantee
BadCreditLoans Pros
- Bad credit borrowers welcome
- Fixed interest rates
- Versatile repayment options
BadCreditLoans Cons
- Bad credit borrowers limited to $5,000 in funding
BadCreditLoans Eligibility Details
- BadCreditLoans helps struggling, low-income borrowers get back on their feet.
- Must maintain stable employment, have income, and be a US citizen.
- Must own a valid checking account and be 18+ years of age.
- On-time payments boost your credit report.
Same Day Funds With BadCreditLoans
4. Personal Loans – Varying Bad Credit Personal Loans
- No credit score requirement
- Fixed APR between 5.99% and 35.99%
- Loan amount from $1,000 to $35,000
- Terms from 90 days to 72 months
- $0 annual income requirement
PersonalLoans thinks bigger – when you need an installment loan with competitive interest rates and versatile repayment terms, they’ve got your back. Although you can’t request less than $1,000 in same-day funding, they’ll give you up to $35,000 with no questions asked.
They don’t specify any credit or income requirements, which is a rarity amongst larger personal loan sites. Additionally, they offer fixed APR rates that rival local credit bureaus.
However, in some states, Personal Loans may be restricted to loaning $5,000 or less. Additionally, bad-credit borrowers won’t get approved for more than $5,000.
However, if you have good credit, their 3-72 month repayment terms make it easy to pay down debts or fund your lifestyle.
Personal Loans Best Features
- 24-hour funding for larger loans
- No credit or income requirements
- Loans from $1,000 to $35,000
Personal Loans Pros
- Competitive, fixed interest rates
- Huge funding limits
- Versatile repayment terms
Personal Loans Cons
- Bad-credit borrowers limited to $5,000
- Loans restricted in some states
Personal Loans Eligibility Details
- PersonalLoans serves good-credit borrowers with large installment loans.
- Must be 18+ years of age with a job, steady income, and US citizenship.
- Must have a valid checking or savings account.
- On-time payments boost your score.
$0 Annual Income Requirement With PersonalLoans
5. Takefast3k.com – Personal Loans With Bad Credit Same Day Funding
- No credit score requirement
- Fixed APRs depend on lender
- Loan amount from $100 to $5,000
- 6-month repayment terms
- No annual income requirements
It’s in the name – if you need cash today with no questions asked, TakeFast3k has you covered. They don’t stipulate any credit score requirements, and they offer personal and payday loans loans ranging from $100 to $5,000.
Fair-to-good credit borrowers will escape interest penalization, but they don’t offer fixed APR rates. With this in mind, a poor credit report will garner a higher interest rate.
If you need more than $5,000 in same-day funding, TakeFast3k will send your request to their extended network of lenders. They usually offer simple, 180-day repayment plans; but each lender has the power to draft up shorter or longer loan terms.
So long as you’re employed, you won’t have to maintain a particular monthly income. If they can’t approve you for a loan, neither can God himself!
Takefast3k.com Best Features
- 24-hour funding
- Virtually guaranteed approval
- Flexible loan sizing
- No income requirements
Takefast3k.com Pros
- Extensive lending network
- Nonexistent barriers to entry
- Lightning-fast funding
Takefast3k.com Cons
- High interest rates for bad-credit borrowers
Takefast3k.com Eligibility Details
- TakeFast3k offers same-day funding for poor credit and low-income borrowers.
- On-time payments boost your credit score.
- Must have a valid checking or savings account.
- Must maintain employment and some form of income.
- Must be 18+ years of age and a US citizen.
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6. Funds Joy – Flexible Network of Trusted Lenders
- No credit score requirement
- APRs begin from 4.99%
- Loan amounts from $200 to $5,000
- Repayment terms vary by lender
- No annual income requirements
Funds Joy offers a trusted network of 200+ lenders to choose from, and their interest rates begin from just 4.99% for good-credit borrowers.
You can request anywhere from $200 to $5,000 per loan, and you won’t have to worry about credit or income requirements holding you back – they’ll approve just about anybody!
Their repayment terms and interest rates aren’t fixed, but their lenders undercut each other at every turn.
However, bad credit borrowers should limit their loan requests. In some cases, APR rates from the worst lenders can skyrocket up to 450%.
In their defense, even if you have bad credit, it’s easy to compare and contrast loan offers for the best deal. They’ve satisfied millions of borrowers since 2002!
Funds Joy Best Features
- 200+ lenders available 24/7
- 24-hour direct deposits
- No credit or income requirements
Funds Joy Pros
- Competitive interest rates for good-credit borrowers
- 3-5 minute loan approvals
- Flexible loan sizing
Funds Joy Cons
- Interest rates aren’t capped
- Some lenders stipulate origination fees
Funds Joy Eligibility Details
- Funds Joy serves a variety of borrowers with 24-hour personal loans.
- Must be 18+ years of age, be a US citizen, and maintain some form of income.
- On-time payments don’t affect your credit score.
- Must have an active checking account in your name.
No Credit Score Requirement With Funds Joy
7. 247CreditNow.com – Best for Larger Personal Loan Funds
- No credit score requirement
- No fixed interest rates
- Loan amounts from $100 to $35,000
- Repayment terms are individual
- $9,600 minimum annual income
247CreditNow satisfies small-time borrowers and installment loan hunters with equal convenience. You can borrow anywhere from $100 to $35,000, and loan approvals take just 2-3 minutes.
While 247CreditNow requires that you demonstrate $800 in stable monthly income to qualify, they don’t base their loan approvals upon your credit score. That being said, bad-credit borrowers are limited to $5,000 in funding.
Of course, if your credit score is in shambles, you’ll face higher-than-usual APRs to boot.
Comparatively, if you have a credit score between 660 and 750, you’ll qualify for their maximum loan amount and enjoy competitive rates. Although each loan’s terms are set by your particular lender, they offer 90-day to 72-month repayment plans.
247CreditNow.com Best Features
- 24-hour direct deposits
- Ultra-versatile loan sizing
- No credit requirements
247CreditNow.com Pros
- Competitive rates for good-credit borrowers
- Approvals take 2-3 minutes
- Flexible payment options for installment loans
247CreditNow.com Cons
- Bad-credit borrowers limited to $5,000 in funding
- Lenders can stipulate high interest rates
247CreditNow.com Eligibility Details
- 247CreditNow serves good-credit borrowers with large installment loans.
- On-time payments impact your credit score.
- Must be 18+ years of age and a US citizen.
- Must have a valid checking or savings account in your name.
- Must demonstrate $800 in stable, monthly income.
No Fixed Interest Rates With 247CreditNow
8. iCashLoans.com – Instant Approval Small Personal Loans for Bad Credit
- No credit score requirement
- No fixed interest rates
- Loan amounts from $100 to $5,000
- Repayment terms vary by lender
- $12,000 minimum annual income
If you need a float until payday, iCashLoans will fund your bank account with a small payday loan anywhere from $100 to $5,000. Like most other personal loan sites, they offer ultra-high approval rates and same-day funding for struggling borrowers.
They don’t list any credit score requirements, but you’ll have to demonstrate $1,000 in stable, monthly income to qualify for a loan. There’s no fixed APR guarantee, but good-credit borrowers will enjoy interest rates of around 5.99%.
However, those with bad credit should read their loan terms carefully. Although they’re far and few in between, we’ve seen complaints of three-and-four-digit APRs from unlucky borrowers.
Still, even with their ultra-high approval rates, most lenders offer forgiving repayment terms and reasonable APRs.
iCashLoans Best Features
- Very high approval rates
- 24-hour funding guarantee
- No credit requirements
iCashLoans Pros
- Fast funding for payday floats
- Competitive rates for good-credit borrowers
- You’ll get loan offers within minutes
iCashLoans Cons
- Complaints of high interest rates
iCashLoans Eligibility Details
- iCashLoans helps low-income borrowers until their next payday.
- On-time payments boost your credit score.
- Must be a US citizen who is old enough to vote.
- Must demonstrate $1,000 in stable, monthly income.
- Must have a valid checking or savings account.
9. 247 Dollar Loan – Best Personal Loans for Fair Credit
- No credit score requirement
- No fixed APRs
- Loan amounts from $100 to $1,000
- Repayment terms vary by lender
- $9,600 minimum annual income
247 Dollar Loan is here to help small-time borrowers in a financial crunch. You can receive as little as $100 or as much as $1,000 in funding, and most borrowers get approved in 2-3 minutes.
They work with 50+ reputable lenders who don’t discriminate based on your credit history.
Once you get approved, you’ll receive your cash within 24 hours – no hassle or added fees required. However, borrowers with a FICO score under 600 will face the wrath of unfixed interest rates (kidding).
Although you need to demonstrate $800 in stable, monthly income to get approved, it can come from unemployment or SSI benefits. Repayment plans are implemented on a lender-by-lender basis, but your financial situation will factor into your loan terms.
247 Dollar Loan Best Features
- Instant loan approval
- No soft credit check
- 24-hour bank transfers
247 Dollar Loan Pros
- Minimal income requirements
- 50+ lenders available 24/7
- No-fuss payday fronts
247 Dollar Loan Cons
- Bad credit interest rates can exceed 35.99%
247 Dollar Loan Eligibility Details
- 247DollarLoan serves borrowers needing small personal loans.
- On-time payments don’t affect your credit score.
- Must be 18+ years of age and a US citizen to qualify.
- Must demonstrate $800 in stable, monthly income.
- Borrowers must have a valid checking account in their name.
Get a Bad Credit Loan With 247 Dollar Loan
10. BetterLoansMutual.com – No Credit Check Personal Loans
- No credit score requirement
- No fixed APRs
- Loan amounts from $100 to $5,000
- Repayment terms vary by lender
- $12,000 minimum annual income
Unlike many personal loan sites, BetterLoansMutual doesn’t restrict full-fledged funding to good-credit borrowers. You can borrow no credit check loans with instant approval anywhere from $100 to $5,000 with a non-existent credit history, no questions asked.
Even if you’re struggling to get back on your feet, their lenders approve you in minutes and pay you out within 24 hours. However, their 60+ lenders won’t approve you with less than $1,000 in stable, monthly income to demonstrate.
Each lender stipulates their own repayment schedule, but you can ask for renewals and extensions if your financial situation changes. As is true with most loan sites, bad-credit borrowers will face APRs that can exceed 35.99% from a handful of lenders.
BetterLoansMutual Best Features
- No credit requirement
- Get approved in minutes
- Same-day direct deposits
BetterLoansMutual Pros
- $5,000 funding limit
- 60+ lenders to choose from
- Competitive rates for good-credit borrowers
BetterLoansMutual Cons
- High APRs for some borrowers
- $1,000 monthly income requirement
BetterLoansMutual Eligibility Details
- BetterLoansMutual serves bad-credit borrowers with sizable personal loans.
- On-time payments boost your credit score.
- Must be 18+ years of age and a US citizen.
- Must demonstrate $12,000 in annual income.
- Must have a valid email address, checking account, work phone, and home phone.
Get a Loan Fast With BetterLoansMutual
Why Should You Trust Our Judgment?
Let’s be honest – there are hundreds of personal loan sites on the internet. Everybody needs money, and predatory lenders take advantage of that fact all the time.
Our team of personal loan experts thoroughly researches the best marketplaces while filtering out payday loans online that don’t meet our stringent criteria. At the end of our vetting process, only the cream of the crop remains.
Alternative Bad Credit Personal Loans Out There
Here’s the upside. If you have a good credit history, your options for obtaining a personal loan aren’t limited to unfamiliar marketplaces and online lenders that you’ll never meet face-to-face.
If you’re looking for alternative recommendations, we’ve got a few in our back pocket.
Those with high credit limits should consider borrowing from their credit cards. If you have a good credit score, most credit bureaus charge low interest rates that rival or undercut those offered by personal loan marketplaces.
If you just need a small cash advance to get you through the week, consider using apps like Dave and EarnIt. You can get as little as $100 or as much as $500 with same-day funding and 0% interest rates, provided you can pay Dave back with your next check.
Click here to get started with MoneyMutual!
Finally, you can consider asking your job for a salary advance. If you’re on good terms with your boss, you’d be surprised by the strings they can pull in payroll. Closed mouths don’t get fed, and it’s always worth a shot if you’re in between a rock and a hard place.
How to Choose the Best Lender for You
If this is your first time obtaining a personal loan for good credit, you might find the online payday loans process to be somewhat confusing. Using MoneyMutual as our example, we’ve simplified all the steps you’ll need to take.
1.Gather your personal information and paystubs
Before you do anything else, you’ll need to write down some key financial information.
Get a piece of paper – then, write down your current credit score and minimum monthly cash flow. This should give you a clear idea of where you (and your annual income) stand.
Next, write down the loan amount you’re looking to borrow and how long you estimate paying it back before navigating to MoneyMutual’s website.
2.Submit your request for loan approval
Select the funding range that works best for you with MoneyMutual’s sliding scale. You can elect to borrow as little as $100, as much as $5,000, or an amount that lies somewhere in the middle.
Then, click “Get Started” before selecting your state of residence from their drop-down menu. Fill out any requested personal information and agree to MoneyMutual’s “Terms & Conditions” before clicking “Next”.
3.Select a lender that will accommodate your financial situation
It’s time to scope your email inbox – this is where you’ll receive offers from personal loan lenders. Feel free to wait a couple of hours, and be sure to read through each set of loan terms with a fine-toothed comb.
Depending on your debt-to-income ratio and credit history, different lenders will stipulate varying interest rates, origination fees, and repayment terms.
You are free to refuse any loan agreement that doesn’t catch your eye.
Click here to get started with MoneyMutual!
4.Choose a lender and agree to their loan terms
Once you’ve decided to borrow money from a particular lender, you’ll have to e-sign their loan terms. This is a legally binding agreement with no take backs, so don’t sign the first offer you get.
After you’ve signed with your lender, you’ll receive the loan proceeds in 24 to 48 hours. All that’s left is to check your bank balance for a generous surprise!
How We Selected the Best Personal Loans for Bad Credit
Minimum Credit Score
While some borrowers may have excellent credit, our marketplaces cater to borrowers that haven’t beaten FICO at their own game. Even if you have fair credit or good credit, our lenders are willing to work with you and get you the personal loan you deserve.
Flexible Repayment Terms
What good are personal loans with impossible payback requirements? Based upon your current financial situation, our lenders will individualize your loan’s repayment terms. You won’t have to worry about getting “stuck” with an exponentially rising due balance.
Competitive Interest Rates
Our debt consolidation marketplaces aren’t looking to drown you with late fees and exorbitant interest rates. The best loans for good credit offer low annual percentage rates (APRs) and minimal prepayment fees across the board.
Personal Loan Sizing
When you need cash immediately, our lenders don’t ask questions. Each marketplace listed here offers personal loans that give you anywhere from $100 to $35,000 to work with. Of course, 24-hour bank transfers come as part of the package.
Applying for a Personal Loan With Good Credit
What is Considered a Good Credit Score?
Fair credit scores lie between 580 to 669 on the FICO scale.
Comparatively, good credit scores range from 670 to 739, and excellent credit scores range from 740 to 800.
If you’re like most people with limited income and bills to pay, your score probably lies between “fair” and “good”.
How Can I Improve My Credit Score?
If your credit score lies below 580, improving your credit history doesn’t take very long. It’s actually harder to climb from 740 to 800 than it is to move the needle from 580 to 680.
On-time transactions that pay down credit card debt are the fastest way to improve your credit score. Even if you can only afford to make the minimum monthly payment, you’re taking steps in the right direction.
How Can A Good Credit Personal Loan Impact My Score?
Debt consolidation loans prove your ability to make on-time payments and boost your credit score by extension. If you have good credit already, taking advantage of a personal loan can do wonders for your FICO score over time.
However, if you fail to make on-time payments, you’ll notice your credit score beginning to nosedive.
Click here to get started with MoneyMutual!
Where Can I Get A Personal Loan Online?
Sites like MoneyMutual and CashUSA are the best places to obtain personal loans online. That said, any reputable marketplace offers near-instant payday loans approval speeds and low barriers to entry.
You can also contact your local bank or credit union, but you may have to wait for funding.
How Should You Compare the Best Personal Loans for Good Credit?
You should use your financial situation to find the best good credit loan for you.
You’ll need to account for your credit score, debt payment obligations, current annual income, and minimum loan requirement before selecting a lender.
What Are the Pros & Cons of Obtaining Unsecured Personal Loans?
Obtaining an unsecured personal loan comes with its perks and disadvantages.
If you have fair credit, you may get stuck with a higher-than-normal interest rate no matter how much money you borrow. Comparatively, those with good or excellent credit can expect competitive APRs that rival the interest rates offered by most credit bureaus.
Although personal loans can help you consolidate debt, you are legally responsible for paying your lender back with interest. If you fail to make on-time payments, you’ll be left with a larger due balance and a worsening credit score to show for it.
What Bank Makes It Easiest To Get A Personal Loan?
Unsecured personal loans have traditionally been frustrating to obtain. Some banks are making it easier than ever to receive personal loans that don’t stipulate difficult repayment terms!
USAA will lend to borrowers with credit scores in the 500s, and you can obtain a Wells Fargo personal line of credit with just a fair score. TD Bank, Wells Fargo, AMEX, and Discover carry the same 660 minimum credit score requirement.
Which Lenders Offer the Best Personal Loan Rates?
There are hundreds (if not thousands) of lenders to choose from across our top 10 picks. Depending on your financial situation, every online lender will list a different interest rate in their loan agreement.
Click here to get started with MoneyMutual!
That being said, those with good or excellent credit scores looking to borrow the minimum loan amount will face the lowest interest rates.
How Many Personal Loans Can You Have At Once?
Some lenders cap personal loans at one per individual, but many will allow you to request more than one loan at a time. Alternatively, you can take out several personal loans across multiple online lenders.
However, if you can’t pay back your debts, you will tank your credit score and savings account with more than one loan application.
How Are the Best Personal Loans Typically Used?
You can use unsecured or secured personal loans for anything and everything.
Whether you’re facing a due car payment, medical emergency, outstanding credit card debt, or a monetary dilemma until payday, the best lenders offer competitive rates and flexible loan sizing.
Unlike most banks and credit unions, personal loan marketplaces don’t ask questions.
Bad Credit Personal Loans Guaranteed Approval – Conclusion
Even if you have excellent credit, some credit unions offer outdated interest rates and rigid monthly payments that make you question their ability to manage money.
The best personal loans for bad credit give you a way around the bank’s impossible requirements and funding waitlists.
Click here to get started with MoneyMutual!
Upon taking your leap of faith with our lending marketplaces, you can get up to $35,000 with guaranteed approval and same-day funding. Unlike credit unions, the best personal loan lenders are available 24/7.
There’s nothing stopping you from getting the cheddar you deserve!
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