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Personal loans for bad credit

Even with bad credit, you can still qualify for a personal loan. Checking loan offers takes just a few minutes and doesn't impact your credit.

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Checking your options won't hurt your credit scores

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Compare personal loans for bad credit from our partners

As of April 2026, compare personal loans with APRs as low as 6.7%, loan amounts up to $50,000 and one-day funding options available.

Best for non-traditional credit review: Upstart

Upstart logo.(679 reviews)
94%
would recommend
View all offers from Upstart

Recommended FICO® ScoreΘ

Poor - Exceptional

Est. APR6.70 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $50,000
Est. monthly payment$31 - $1,806
  • Loan amounts from $1,000 - $50,000
  • APRs from 6.7% - 35.99% with loan terms of 3 or 5 years
  • Won't affect your credit score
  • You can have funds in as fast as 1 day
  • You are more than your credit score. On Upstart your education and experience help you get the rate you deserve.
  • Upstart is a lending platform known for using AI to evaluate loan applicants based on non-traditional factors like education and job history. This makes it ideal for people with bad credit history who might not qualify elsewhere.
  • Borrowers can get personal loans from $1,000 to $50,000 with repayment terms ranging from 36 to 60 months. Plus there are no prepayment penalties and one-day funding options are available. Upstart’s model often results in more inclusive access to credit for borrowers with subpar credit.

Pros and cons

  • Your credit score may be less of a factor in getting approved

  • Low minimum loan amount

  • Quick loan funding

  • Potentially high origination fees

  • Only two repayment terms available

  • No cosigners allowed

Best for peer-to-peer loans: Prosper

Prosper logo.(118 reviews)
97%
would recommend
View all offers from Prosper

Recommended FICO® ScoreΘ

Poor - Exceptional

Est. APR8.99 - 35.99%
Term36 - 60 mo
Loan amount$2,000 - $50,000
Est. monthly payment$64 - $1,806
  • More than $25 billion loans funded
  • Join America's first personal loan marketplace with over 1 million members
  • Next Day Funding - In as Little as One Business Day**
  • Get fixed monthly payments with no prepayment penalties
  • Prosper is unique for its peer-to-peer lending platform, which connects borrowers to investors who fund loans. Their model can lower barriers to applicants with less-than-perfect credit, and you’ll get your money quickly, with as little as one-day funding available. Overall, Prosper is a good choice for simple, flexible funds on a speedy timeline. Loans range from $2,000 to $50,000, and repayment terms are flexible, from 36 to 60 months.
  • Be aware that Prosper’s rates go relatively high for low-credit borrowers. Prosper also charges an origination fee, but there are no prepayment penalties.

Pros and cons

  • Accessibility for a wide range of credit borrowers

  • Can apply with a co-borrower

  • Clear qualification requirements

  • Has an origination fee

  • High maximum interest rate

  • No grace period

Best for larger loans: Reprise Financial

Reprise Financial logo.(144 reviews)
85%
would recommend
View all offers from Reprise Financial

Recommended FICO® ScoreΘ

Poor - Good

Est. APR9.99 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $35,000
Est. monthly payment$32 - $1,264
  • Affordable loans from $1,000 to $35,000 with low fixed rates from 9.99% to 35.99% APR       
  • Consolidate your debt, reduce your monthly payments or get cash back to use for just about anything      
  • Simplify your financial picture with fixed rates, payments that stay the same, clear terms, and no prepayment penalties              
  • Easy online account management with dedicated specialists standing by to answer your questions             
  • Reprise Financial offers personal loans ranging from $1,000 to $35,000, making it a strong choice for borrowers seeking large loan amounts. The application process is simple and fully online, plus you can benefit from fixed rates and repayment terms ranging from 36 to 60 months. Loans may fund quickly after approval with one-day funding options available.
  • Reprise caters to a wide range of credit profiles, including those with bad or limited credit histories, and provides both secured and unsecured loan options.

Pros and cons

  • Quick loan funding

  • No prepayment penalty

  • Offers prequalification

  • Has an origination fee

  • Doesn’t allow self-employed income as primary income source

  • Not available in all states

Best for in-person support: OneMain Financial

OneMain Financial logo.(1037 reviews)
94%
would recommend
View all offers from OneMain Financial

Recommended FICO® ScoreΘ

Poor - Exceptional

Est. APR18.00 - 35.99%
Term36 - 60 mo
Loan amount$1,500 - $20,000
Est. monthly payment$54 - $723
  • BBB Accredited Business, Rated Excellent on Trustpilot (100,000+ 5-star reviews)
  • 100+ years responsible lending
  • Affordable, simple fixed terms, no prepayment penalty
  • Complete our online application in minutes
  • Money as fast as 1 hour after loan closing (see details below)
  • We’re here online or in person at over 1,300 community branches nationwide
  • OneMain Financial allows borrowers to meet with loan specialists in person at more than 1,300 community branches across 44 states. This hands-on approach is ideal for borrowers who value human interaction throughout the loan process and want to discuss their financial needs, ask questions and get help choosing the right loan product.
  • OneMain Financial personal loans range from $1,500 to $20,000 with terms of 36 to 60 months. Borrowers may access funds as fast as 1 hour after loan closing. While there are fixed APRs, the interest rates can be higher than other loans.

Pros and cons

  • Branch locations for in-person support

  • No prepayment penalty

  • Funding as soon as the same day

  • Has an origination fee

  • Potentially high interest rate

  • Smaller loan amounts

How to find the best personal loan for you

1

Know your FICO® ScoreΘ

It plays a big role in the personal loans you’re likely to qualify for, and the rates and terms you might get.

2

Compare loan options

Determine how much you’ll need, then look for a low APR and monthly payment that fits your budget.

3

Look for extra benefits

Consider lender-specific perks, like getting a reduced interest rate if you set up autopay.

4

Get pre-qualified

Once you find a personal loan to apply for, pre-qualifying first can tell you if you’re likely to be approved.

No impact to your credit scores if you're not approved

Experian's No Ding Decline™⊛

When applying for a loan, most lenders will perform a hard inquiry on your credit report which could negatively impact your credit scores. With Experian's No Ding Decline, only a soft inquiry is performed when applying for loans labeled No Ding Decline, so if you are declined there is no impact to your credit scores.

Choose no ding card screen.
See your loan options

Personal loans can help you save thousands of dollars in interest, even with bad credit

Using a $20,000 personal loan instead of a credit card could potentially save you $4,796 in interest and lower your monthly payment.

High-interest rate credit card

Balance$20,000

Monthly payment$861for 36 months

Average Annual Percentage Rate (APR)31.1%

Total paid over 36-month term$31,000

Personal loan

Balance$20,000

Monthly payment$728for 36 months

Average Annual Percentage Rate (APR)18.5%

Total paid over 36-month term$26,205

Estimated interest
savings

Save $4,796

Savings and rates are illustrative. Results will vary and some may not see savings.

Personal loan calculator

Use this calculator to compare loan amounts, rates, and terms to estimate what you'll pay for your loan.

Frequently asked questions

If you have bad credit, such as a FICO® Score below 580, or a lack of credit history, it can be hard to get approved for loans. However, personal loans typically have lower rates than credit cards, which could save you money. We help you compare loans for bad credit to find the best offers that you may qualify for.

Yes, you can prequalify for a personal loan even with bad credit. Simply answer a few questions and we will match you to your loan offers. You won't have to worry about your credit scores taking a hit during prequalification, as there will be no hard inquiries involved until you apply for the loan.

As you decide whether or not a personal loan fits your situation, it’s important to understand both the pros and cons of this type of loan before moving forward.

Pros:

  • Gain access to quick funding for emergencies or other important expenses.
  • Build or improve your credit with on-time payments.
  • Unlike credit cards, your loan will have a fixed repayment plan which can make it easier to budget each month.

Cons:

  • With bad credit, interest rates can be higher.
  • Lenders may charge additional fees, such as: origination, application or prepayment fees.
  • Unless you plan to consolidate existing debt, you will be adding new debt to your budget. It is very important to ensure that you can afford to take on this additional debt.

These loans can serve many purposes, so ensure that your intended use justifies the additional debt. Responsible uses for a personal loan with bad credit include:

  • Consolidate debt: Using a personal loan to consolidate debt could help you save money on interest and help you pay off high-interest debt sooner compared to other borrowing options.
  • Emergency expenses: If you have unexpected expenses and don’t have enough money saved up in your emergency fund, a personal loan can help you avoid using other options that can be more expensive.
  • Home repairs: These can happen unexpectedly and can be costly. If you don’t have enough savings, a personal loan for emergency home repairs may be a good option as you can get funding fast.

Depending on what part of the day your loan is approved, you could receive your funds in as little as one hour after signing the loan documents if you are using your debit card to receive the funds. Other methods, such as ACH transfer, can be used but will take approximately one business day to fund the loan.

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