Finding the best personal loan providers for bad credit borrowers can feel overwhelming, especially if your credit score is less than perfect. The good news? Several reputable lenders specialize in working with fair or poor credit applicants. Below, we’ve rounded up the top 10 personal loan providers for bad credit, highlighting flexible approval requirements, competitive rates, and fast funding options.
1. Upstart
Upstart is a popular choice for borrowers with limited or bad credit because it uses AI technology to evaluate more than just your credit score. Instead of focusing solely on FICO, Upstart considers education, employment history, and income potential. Loan amounts typically range from $1,000 to $50,000, and funding can arrive as quickly as the next business day. While APRs can be higher for lower credit scores, many borrowers appreciate the fair approval process. If you’ve been denied elsewhere, Upstart may offer a more flexible path to securing a personal loan.
2. Avant
Avant is well-known for serving borrowers with credit scores starting in the fair range. Loan amounts typically range from $2,000 to $35,000, making it ideal for debt consolidation or emergency expenses. The application process is straightforward and fully online, with fast prequalification that won’t hurt your credit score. While interest rates may be higher than those of prime lenders, Avant offers predictable monthly payments and transparent fees. For borrowers rebuilding credit, Avant provides a solid balance between accessibility and manageable repayment terms.
3. OneMain Financial
OneMain Financial stands out because it offers both secured and unsecured personal loans, giving bad-credit borrowers more flexibility. With physical branch locations across the U.S., it provides a more personalized lending experience. Loan amounts typically range from $1,500 to $20,000. Borrowers may secure lower rates by offering collateral, such as a vehicle. While APRs can be high, OneMain is often more willing to approve applicants with lower credit scores compared to traditional banks. It’s a strong option if you prefer speaking directly with a loan specialist.
4. LendingPoint
LendingPoint caters specifically to borrowers with fair to poor credit scores. It focuses on your overall financial health rather than just your credit history. Loan amounts typically range from $2,000 to $36,500, with quick funding once approved. One major advantage is the fast online process and flexible repayment options. While rates vary based on creditworthiness, LendingPoint offers competitive terms compared to many subprime lenders. If you have a steady income but less-than-perfect credit, LendingPoint can be a practical solution.
5. Upgrade
Upgrade offers personal loans with flexible repayment terms and fixed monthly payments, making budgeting easier. Loan amounts generally range from $1,000 to $50,000. Borrowers with fair or bad credit may still qualify, especially if they demonstrate stable income. Upgrade also provides credit monitoring tools, which can help you track improvements over time. Funds can be sent directly to creditors if you’re consolidating debt. While APRs vary, Upgrade is often praised for transparency and user-friendly digital tools.
6. Prosper
Prosper is a peer-to-peer lending platform that connects borrowers with individual investors. This model sometimes allows more flexibility for borrowers with imperfect credit. Loan amounts typically range from $2,000 to $50,000, and fixed-rate terms make repayment predictable. Prosper allows you to check rates without affecting your credit score. While lower credit scores may mean higher interest rates, many borrowers appreciate the simple online application and relatively quick approval process.
7. LendingClub
LendingClub is another well-established peer-to-peer lender offering personal loans to borrowers with fair credit. Loan amounts range from $1,000 to $40,000, and funds can be used for debt consolidation, medical bills, or emergencies. The prequalification process is soft-credit based, so it won’t impact your score. LendingClub emphasizes transparent pricing and fixed monthly payments. For borrowers looking to consolidate high-interest debt into one manageable payment, LendingClub is worth considering.
8. BadCreditLoans.com
BadCreditLoans.com is a loan matching service designed specifically for borrowers with poor credit. Instead of lending directly, it connects you with a network of lenders willing to work with lower credit scores. Loan amounts can start as low as $500 and go up to $10,000, depending on the lender. Approval times are often fast, and many borrowers receive funding quickly. Because it’s a marketplace, interest rates and terms vary, so it’s important to review offers carefully before accepting.
9. OppLoans
OppLoans focuses on providing installment loans to borrowers with very low credit scores. Unlike payday loans, OppLoans offers structured repayment schedules with fixed payments, helping borrowers avoid debt traps. Loan amounts typically range from $500 to $4,000, depending on your state. Although APRs are higher than traditional personal loans, OppLoans reports payments to credit bureaus, which can help you rebuild credit over time if payments are made on schedule.
10. NetCredit
NetCredit offers personal installment loans and lines of credit to borrowers with less-than-perfect credit. The application process is quick, and funds may be available as soon as the next business day. Loan amounts and APRs vary by state, but NetCredit emphasizes flexible payment schedules and transparent terms. While rates may be higher than those of prime lenders, it can be a helpful option for emergency expenses when traditional banks decline your application.
Conclusion
When searching for the best personal loan providers for bad credit borrowers, always compare APRs, fees, loan terms, and repayment flexibility. Prequalify whenever possible to avoid unnecessary hard credit inquiries. Most importantly, borrow only what you can realistically repay. Used wisely, the right personal loan can help you consolidate debt, cover emergencies, and even rebuild your credit score over time.