6 Banks That Say YES to Bad Credit Loans

Bad credit can feel like a trap.

You need money to improve your situation, but banks don’t trust you enough to lend.

The good news? Some banks understand that people hit rough patches. They offer loans even if your credit score is low. These banks look at more than just your credit history—they consider income, employment, and other factors to give you a chance.

Below, we’ll break down six banks that provide bad credit loans, what they require, and how you can increase your chances of approval.

1. OneMain Financial

Why Choose Them?

• Accepts credit scores as low as 500

• No prepayment penalties

• Offers both secured and unsecured loans

Loan Details:

• Loan Amount: $1,500 - $20,000

• APR: 18% - 35.99%

• Loan Term: 24 to 60 months

📌 Tip: If your credit is really bad, offering collateral (like a car) can help secure approval.

2. OppLoans

Why Choose Them?

• No minimum credit score required

• Fast approval, sometimes same-day funding

• Reports payments to credit bureaus (helps build credit)

Loan Details:

• Loan Amount: $500 - $4,000

• APR: 59% - 160%

• Loan Term: 9 to 18 months

📌 Warning: High APRs! Only borrow if necessary, and pay off quickly to avoid high interest costs.

3. Upgrade

Why Choose Them?

• Accepts credit scores starting at 560

• No hidden fees

• Offers debt consolidation loans

Loan Details:

• Loan Amount: $1,000 - $50,000

• APR: 8.49% - 35.99%

• Loan Term: 24 to 84 months

📌 Tip: Adding a co-signer with good credit can get you better terms.

4. LendingPoint

Why Choose Them?

• Approves borrowers with scores as low as 580

• Quick funding, usually within 1 business day

• Considers factors like job stability and income

Loan Details:

• Loan Amount: $2,000 - $36,500

• APR: 7.99% - 35.99%

• Loan Term: 24 to 72 months

📌 Tip: Having a steady job and consistent income improves your approval chances.

5. Avant

Why Choose Them?

• Minimum credit score: 550

• Good for small personal loans

• No origination fees if you qualify

Loan Details:

• Loan Amount: $2,000 - $35,000

• APR: 9.95% - 35.99%

• Loan Term: 24 to 60 months

📌 Tip: Making on-time payments can improve your credit score fast.

6. Upstart

Why Choose Them?

• Approves loans for credit scores as low as 300

• Uses AI-based approval process (not just credit score)

• Great for students and new borrowers

Loan Details:

• Loan Amount: $1,000 - $50,000

• APR: 6.4% - 35.99%

• Loan Term: 36 to 60 months

📌 Tip: If your credit is bad, a strong employment history can still get you approved.

Final Thoughts

Having bad credit doesn’t mean you’re out of options. These banks provide loans for people in tough situations. Just be smart—understand the terms, avoid high-interest traps, and use these loans to rebuild your credit, not sink deeper into debt.

Need help with this or other credit-boosting opportunities? Reach out to us today! Let’s build your financial future the right way.