Getting loans for bad credit might seem like a long shot, but the fact is that they’ve become a lot simpler to get over the years. It’s not that loans for bad credit are provided irresponsibly, but that loan providers have different requirements than the local bank. You may find that even with a less-than-perfect credit score and a low income, you’re still able to get a financial helping hand in the form of personal loans for bad credit when times are tough, or you’re faced with an unexpected bill or expense that you need a little more time to cover. You’ll also find that with so many providers of online loans for bad credit, you’ll have access to several loan options ranging from car loans for bad credit to emergency loans for bad credit and everything in between. This overview provides a closer look at some of the best loans for bad credit available and how you can choose the right one for you.
Urgent Loans for Bad Credit with Instant Approval - Quick Overview
- Viva Payday Loans: Best Overall for Bad Credit Loans Up to $5,000
- Low Credit Finance: Excellent Platform to Connect with Providers of Personal Loans for Bad Credit
- Green Dollar Loans: Ideal Choice for Urgent Loans for Bad Credit with 3-24 Months to Pay
- Heart Paydays: Best Option for Bad Credit Loans Guaranteed Approval Alternatives Starting at $100
- 50K Loans: Best for Bad Credit Car Loans with Flexible Repayments of 10+ Years.
Instant Bad Credit Loans with Guaranteed Approval – No Credit Check Needed
Viva Payday Loans: Best Overall for Bad Credit Loans Up to $5,000
Viva Payday Loans ticks all the right boxes for bad credit loans up to $5,000. You can apply online from anywhere and get matched to direct lenders who consider all credit scores and offer quick turnarounds with easy repayment terms from 3 to 24 months.
Eligibility Criteria for Bad Credit Loans up to $5K
- 18+ years of age
- US citizen/permanent resident
- Proof of stable income
Pros
- All credit scores are considered
- Quick turnarounds
- Easy repayments
Cons
- APRs from 5.99% to 35.99%
Low Credit Finance: Excellent Platform to Connect with Providers of Personal Loans for Bad Credit
Low Credit Finance is one of the best platforms for accessing inclusive lenders of personal loans for bad credit. The user-friendly platform features direct lenders offering from $100 to $5,000 with swift payouts and tailored repayment terms of up to 2 years.
Eligibility Criteria for Personal Loans or Bad Credit
- At least 18 years of age
- Legal US citizenship/residency
- Proof of ID and address
Pros
- Inclusive lenders
- Swift payouts
- Tailored repayment terms
Cons
- APRs can reach 35.99%
Green Dollar Loans: Ideal Choice for Urgent Loans for Bad Credit with 3-24 Months to Pay
With Green Dollar Loans, you don’t have to worry about tedious and lengthy processes when you need urgent loans for bad credit. You can apply in minutes and access direct lenders with zero red tape and personalized repayment terms from 3 to 24 months.
Eligibility Criteria for Urgent Loans for Bad Credit with up to 24 Months to Pay
- Minimum age of 18 years
- Consistent income for 3+ months
- Government-issued ID
Pros
- Apply in minutes
- Zero red tape
- Personalized repayment terms
Cons
- 5.99% to 35.99% APR
Heart Paydays: Best Option for Bad Credit Loans Guaranteed Approval Alternatives Starting at $100
Heart Paydays is an excellent choice for small-dollar bad credit loans guaranteed approval alternatives starting at $100. It features a stress-free online process that connects you to lenders with 2-minute feedback, quick disbursements, and reasonable APRs from 5.99%.
Eligibility Criteria for Alternatives to Bad Credit Loans Guaranteed Approval from $100
- Legal adult above 18 years
- Proof of stable income
- A valid form of ID
Pros
- Stress-free online process
- 2-minute feedback
- Reasonable APRs from 5.99%
Cons
- Missed payment penalty
50K Loans: Best for Bad Credit Car Loans with Flexible Repayments of 10+ Years
50K Loans is your best bet if you want to borrow high bad credit car loans with low or non-existent credit scores. You can borrow up to $50,000 from direct lenders through a fast and easy online process and get extended repayment terms of 10+ years.
Criteria for Flexible Bad Credit Car Loans up to $50K
- 18 years of age and above
- US citizen/resident
- Pass the affordability assessment
Pros
- High loan amounts of up to $50,000
- Borrow with low or non-existent credit scores
- Fast and easy online process
Cons
- APRs from 5.99% to 35.99%
What Are Online Loans for Bad Credit? Getting Personal Loans with Bad Credit
Online loans for bad credit are short-term personal loans that allow you to access a lump sum sent directly into your account after approval. They’re suitable when you need to borrow fast cash without worrying about your credit score or going through tedious and lengthy loan application processes.
You can get personal loans with bad credit from inclusive lenders who consider more than your credit score when assessing your application and focus on your eligibility and affordability.
Types of Loans with Bad Credit
Personal Loans for Bad Credit Guaranteed Approval Alternatives
Personal loans for bad credit guaranteed approval alternatives give you high chances of accessing the funds you need, thanks to free access to inclusive lenders likely to approve your application.
Bad Credit Personal Loans for Self-Employed People
Bad credit personal loans for self-employed people are suitable if you don’t have a formal job but can afford loan repayments using your self-employment income.
Loans for People with Bad Credit and Low Incomes
Loans for people with bad credit and low incomes feature inclusive terms regardless of your credit score or income level and feature tailored terms for easy affordability.
Alternatives to Bad Credit Personal Loans Guaranteed Approval $5,000 with Flexible Terms
Alternatives to bad credit personal loans guaranteed approval $5,000 with flexible terms feature high chances of approval and allow you to choose repayment terms that suit your budget and lifestyle.
Steps to Apply for Personal Loans Bad Credit Online
You can apply for personal loans bad credit online at Viva Payday Loans through the following steps:
Step 1: Choose the Amount Needed for Car Loans for Bad Credit or Personal Installment Loans for Bad Credit
Select a suitable amount from $100 to $5000 and how long you need to repay, from 3 to 24 months.
Step 2: Complete the Personal Loans for Bad Credit Instant Approval Alternatives Online Application Form
Accurately capture your personal, income, employment, and expenditure details and hit the submit button.
Step 3: Whether Emergency Loans for Bad Credit or Personal Loans, You’ll Get Quick Feedback
You’ll get feedback within 2 minutes, and if you qualify, a lender will reach out and send you a loan contract. Read it carefully, then sign and return it.
Step 4: Speedy Payouts on Small Loans for Bad Credit
The lender will send the approved loan amount directly to your account as soon as possible.
How We Selected Providers of Quick Loans for Bad Credit
We selected providers offering:
- 100% online processes for the best loans for bad credit
- Easy eligibility criteria
- Flexible amounts and repayments for auto loans for bad credit
- Inclusive lending, regardless of credit score, income level, or employment status
FAQs About Bad Credit Auto Loans, Hardship Loans for Bad Credit, and General Bad Credit Loans Online
What APR Will I Get with Loans for Bad Credit Online?
You can expect an APR from 5.99% to 35.99% when you apply through any of the above platforms. Your APR will depend on the lender and various factors, like the repayment period and risk profile.
Can I Repay Bad Credit Auto Loans Guaranteed Approval Alternatives in Installments?
Yes! You can repay in weekly, monthly, or fortnightly installments, depending on your preferences, budget, or when you receive your income.
How Do Lenders Determine Affordability for the Best Personal Loans for Bad Credit?
Lenders determine affordability by comparing your income with your monthly expenditures to calculate how much you have left over for loan repayments. You can improve your affordability by reducing your monthly expenses before applying.
Do I Need Security for Loans Bad Credit?
No. Most lenders offer unsecured loans for bad credit, so you don’t have to provide any collateral for approval and payout.
Are There Restrictions to How I Use Payday Loans for Bad Credit and Small Personal Loans for Bad Credit?
No. The funds are deposited directly into your account after approval, and you can use them however you like without restrictions.
How Long Does Same Day Loans Bad Credit Take to Get Approved?
You’ll only wait 2 minutes to get your application approved, provided you’re eligible and can afford to repay the amount you borrow.
Disclaimer: The loan websites reviewed are loan-matching services, not direct lenders, therefore, do not have direct involvement in the acceptance of your loan request. Requesting a loan with the websites does not guarantee any acceptance of a loan. This article does not provide financial advice. Please seek help from a financial advisor if you need financial assistance. Loans available to US residents only.
