TOP PERSONAL LOANS FOR BAD CREDIT
NOVEMBER 2019

Personal loans can be used to finance large purchases, consolidate debt, and more. Compare the top personal loan offers from top-rated lending partners and find rates and conditions that work for you.

UPDATED FOR NOVEMBER 2019
SCORE
LOAN FEATURES
MAX LOAN
Editor's Choice
9.8

  • Min. Credit Score: 540
  • APR: 3.99% - 35.99%
  • Term: 3 - 180 Months

Up to $50,000

Best For Good Credit Score
9.6

  • Min. Credit Score: 680
  • APR: 5.74% - 16.99%
  • Term: 36 - 84 Months

Up to $100,000

9.5

  • Min. Credit Score: 550
  • APR: 5.99% - 35.99%
  • Term: 2 - 72 Months

Up to $35,000

9.1

  • Min. Credit Score: 599
  • APR: 4.99% - 35.99%
  • Term: 24 - 84 Months

Up to $40,000

8.9

  • Min. Credit Score: 600
  • APR: 4.99% - 35.99%
  • Term: 24 - 84 Months

Up to $100,000

8.5

  • Min. Credit Score: 500
  • APR: 5.99% - 35.99%
  • Term: 3 - 72 Months

Up to $10,000

8.3

  • Min. Credit Score: 580
  • APR: 15.49% - 34.99%
  • Term: 24 - 48 Months

Up to $25,000

8.1

  • Min. Credit Score: 0
  • APR: 5.99% - 35.99%
  • Term: 2 - 72 Months

Up to $35,000

7.9

  • Min. Credit Score: 500
  • APR: 5.99% - 35.99%
  • Term: 2 - 72 Months

Up to $35,000

7.5

  • Min. Credit Score: 0
  • APR: 5.99% - 35.99%
  • Term: 3 - 36 Months

Up to $5,000

7.5

  • Min. Credit Score: 660
  • APR: 7.99% - 19.49%
  • Term: 24 - 60 Months

Up to $35,000

Top Business Loans for Existing Businesses

SCORE
LOAN REQUIREMENTS
MAX LOAN
9.9

  • Time in business: 12+ months
  • $8K in monthly revenue
  • Minimum credit score: none

$2,000 - $1,000,000

9.5

  • Time in business: 12+ months
  • $20K in monthly revenue
  • Minimum credit score: 580

$1,000 - $5,000,000

9.0

  • Time in business: 9+ months
  • $3.5K in monthly revenue
  • Minimum credit score: 600

$5,000 - $500,000

Joe Schwartz

Personal Loans Editor

Our chief content editor, Joe manages a diverse team of content writers. He holds a degree in online communications and his writing has been featured in a wide range of online publications.

FAQ's About Personal Loans for Bad Credit

Before taking a personal loan be sure you familiarize yourself with all the terms and conditions associated with the loan. To help you get started, we’ve compiled some of the most frequently asked questions about personal loans below.

Personal loans are loans taken from a lender and paid back by the borrower in fixed monthly installments. These loans can be taken for a wider variety of reasons ranging from debt consolidation to financing large purchases. Unlike mortgage loans or some types of business loans, personal loans are almost always unsecured, meaning they aren't backed by any collateral.
Bad credit stems from an accumulation of past failures to make payments and meet deadlines on your credit agreements. Credit scores are calculated according to FICO scores which range between 300-850. A bad credit score is typically anything below 629, however, this may differ depending on the lender and how they categorize it.
When applying for a personal loan with bad credit, you have several options which include going to a local bank or credit union or getting a co-signer. However, the most practical option would be to seek an online lender that specifically works with individuals who are struggling with bad credit.
Absolutely! By using an online personal loan service you save yourself the trouble of arranging meetings with banks and/or credit unions and you can easily compare offers while sitting at home. Furthermore, many online personal loan lenders offer better rates than banks and provide more flexible terms ranging from 61 days up to 180 months. These online personal loan services often function as a middleman between the borrower and the lender. The loan service will connect you with a lender who will make a loan offer specifying the APR and loan terms.
Much like APR, the term or length of your loan will depend on a variety of factors. Repayment periods can range from 61 days to 180 months. One of the great things about online personal loan services is they allow you to compare loan terms meaning you can choose a repayment period that best suits your financial goals.
Assuming a loan of $5,000 over 36 months at a fixed rate of 10.5% per annum and fees of $60.00.
This would result in a representative rate of 11.3% APR, with monthly repayments of $162.51, for a total amount paid of $5,910.44.

Discover the ins & outs of personal loans