✦ Updated

Best Personal Loans
for Bad Credit in

Get approved with a 500+ credit score. Compare top lenders, check your rate in 2 minutes, and get funded as fast as today.

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✓ Soft credit check only  ·  ✓ Free to apply  ·  ✓ All 50 states
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Same-Day Funding Available
500+ Credit Score OK
🏦 300+ Lenders
Last updated: · Reviewed by Money247 Editorial Team
Having bad credit doesn't mean you can't get a loan. Lenders in our network accept credit scores as low as 500 and look at your full financial picture — including your income and employment — not just your credit score. Below we compare the best options for so you can find the right lender fast.
What Is Considered Bad Credit?
Understanding your credit score range helps you find the right lender faster.
300 – 579
Poor Credit
Hardest to get approved. Specialized bad credit lenders required. Rates 25–36% APR.
580 – 669
Fair Credit
More options available. Rates typically 15–25% APR. Approval likely with income verification.
670 – 739
Good Credit
Wide lender selection. Rates 10–20% APR. Strong approval odds.
740+
Excellent Credit
Best rates available. APR as low as 6.9%. Highest loan amounts.
Best Bad Credit Loans —
Ranked by approval odds, funding speed, and loan terms for bad credit borrowers.
⭐ #1 Best Overall for Bad Credit — Money247 Top Pick
QuickLoan Network
Best Overall
★★★★★
4.9 / 5
500+Min Score
$50KMax Loan
Same DayFunding
500+ credit score accepted No origination fee Soft credit check only Apply online 24/7 All 50 states
Apply Now — Check Rate Free
Bad Credit Loans Direct
Low Score OK
★★★★★
4.8 / 5
NoneMin Score
$10KMax Loan
24 HrsFunding
No minimum credit score No collateral needed Income-based approval Fast online application
Apply With Any Credit Score
FastFunds Emergency Loans
Fastest Funding
★★★★★
4.7 / 5
520+Min Score
$15KMax Loan
1 HourDecision
1-hour approval decision Same-day bank deposit Bad credit welcome Simple 3-minute form
Get Emergency Funds Today
SecondChance Personal Loans
Credit Builder
★★★★☆
4.6 / 5
550+Min Score
$25KMax Loan
2 DaysFunding
Reports to all 3 bureaus Helps rebuild credit Co-applicant allowed Flexible repayment terms
Apply & Build Your Credit
Emergency Funds 247
Most Popular
★★★★☆
4.5 / 5
500+Min Score
$50KMax Loan
Next DayFunding
Most popular for bad credit Joint applications OK Free prequalification All loan purposes accepted
Check My Approval Odds Free
How to Get a Bad Credit Loan
Follow these 4 simple steps to get approved today.
1

Check Your Rate — Free

Visit Money247.com and complete the short 2-minute form. This only uses a soft credit inquiry so it will NOT affect your credit score.

2

Get Matched With Lenders

Our network of 300+ lenders reviews your application. Even with bad credit, multiple lenders compete for your business giving you options.

3

Compare Your Offers

Review loan offers side by side. Compare APR, monthly payment, and terms. Choose the offer that works best for your budget.

4

Get Your Money Fast

Accept your offer and complete the lender's application. Funds are deposited directly into your bank account — as fast as the same day.

💡 Tips to Improve Your Approval Odds
📄

Show Proof of Steady Income

Lenders care more about your ability to repay than your credit score. Having a consistent job or income source dramatically improves your chances.

👥

Add a Co-Applicant

Applying with a trusted person who has better credit can get you approved, lower your rate, and increase the loan amount you qualify for.

💰

Borrow Only What You Need

Smaller loan amounts are easier to get approved for with bad credit. Start with what you need and work up from there.

🔍

Check Your Credit Report for Errors

Errors on credit reports are common. Disputing a mistake can raise your score by 20–50 points within 30 days — enough to unlock better loan offers.

⚠️ Watch Out for These Bad Credit Loan Scams
Frequently Asked Questions
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Can I get a personal loan with bad credit?+
Yes. Many lenders in our network specialize in bad credit loans and accept scores as low as 500. They look at your full financial picture including income and employment — not just your credit score.
What credit score do I need for a bad credit loan?+
Most bad credit lenders accept scores of 500 or above. Some lenders accept applicants with no credit score at all, especially if you have steady income. The higher your score above 500, the more loan offers you will receive.
How fast can I get a bad credit loan?+
Many lenders offer same-day or next-business-day funding after approval. Once you accept an offer and complete the lender's verification, funds are typically deposited directly into your bank account within 24 hours.
Will applying hurt my credit score?+
Checking your rate at Money247.com uses only a soft credit inquiry, which does NOT affect your credit score at all. A hard inquiry only occurs when you formally accept a loan offer from a lender.
What is the easiest loan to get with bad credit?+
Online personal loan matching services like Money247.com are the easiest option. Instead of applying to one lender at a time, you submit one form and get matched with multiple lenders simultaneously — giving you the best chance of approval.
How much can I borrow with bad credit?+
With bad credit, you can typically borrow between $500 and $10,000 from most lenders. Borrowers with scores above 580 may qualify for up to $50,000. The amount depends on your income, credit score, and debt-to-income ratio.
What are bad credit loan interest rates?+
Bad credit borrowers typically receive APRs between 20% and 36%. The exact rate depends on your credit score, income, loan amount, and which lender you choose. Comparing multiple offers is the best way to get the lowest rate available to you.
Can a bad credit loan help me rebuild my credit?+
Yes. When you make on-time payments, lenders report this to the credit bureaus which gradually improves your score. Many borrowers see a 40–80 point improvement within 12 months of consistent on-time payments on a personal loan.
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