Top Personal Loans For Poor Credit

The fact that you have a poor credit doesn’t mean you can’t secure a personal loan or any other loan for that matter although it’s a bit easier with a good credit. In this article, I’ll provide you with some top Personal loans for persons with poor credit to take advantage of.

The priority that is placed on credit score by lenders cannot be overlooked and you can’t really blame them. This is because the credit score helps them to ascertainthe credit worthiness of a borrower. However, there are also lenders who do not place too much importance on the credit score alone and are able to offer good terms to borrowers with a not so good credit.

These personal loans can either be secured or unsecured, fixed or variable rates loans etc. So you have to know the type of personal loan you’re been offered before signing into it.

READ ALSO: What Is Personal Finance Loan? Here Is All You Need To Know

What Your Personal Loan Can Be Used For 

Uses of a personal loan include:

  • cost of moving
  • Home refurbishment
  • Debt consolidation
  • Vacation
  • Car repairs
  • Wedding
  • Major purchase
  • Etc.

Top Personal Loans For Poor Credit 

In no particular order, here is our top poor credit personal loans:

  • Avant
  • Upgrade
  • Upstart
  • LendingPoint
  • LendingClub
  • Rocket loans


Since its establishment in 2012, Avant has quickly become one of the go-to online lenders in the country. With their easy application process, you can receive your money within the shortest possible time usually by the next business day.

Within the short period that they have been around, Avant has provided personal loans to over 2 million borrowers. They normally consider the entire credit profile of a borrower when considering loan applications although they claim most of their customers have a credit score between 600 to 700.

They offer loans from $2,000 to $35,000 at an APR range of 9.95% to 35.99% for 2 to 5 years loan terms.

The amount you are eligible for depends on your state, income, credit score, etc.

READ ALSO: What Can Be Used As Collateral For Loan?


Upgrade offers personal loans from $1,000 up to $50,000 at relatively low rates, easy to pay monthly payments and no prepayment fees.

With Upgrade you can easily apply for a loan online and receive your money within the same day without much struggle. Simply apply online which enables you to see your rate without it affecting your credit score. You can then go ahead and check your loan options and choose the one that works for you.

Rates offered by Upgrade are fixed as well as the term hence no surprises in future.


Upstart is another provider of personal loans for borrowers with poor credit. It is also an online lender that specialises in the provision of personal loans to borrowers without putting too much priority on their credit score. This then makes it possible for even persons with poor credit to secure loans from them although interest rates may be a little higher than one with a good credit.

It offers personal loans from as little as $1,000 to $50,000 at fixed interest rates usually between 5.40% to 35.99% for a period between 36 to 60 months.

READ ALSO: Best Home Loans For Bad Credit


LendingClub is yet another top provider of personal loans you can rely on. Loans can easily be applied for online without any application fee and your money will be sent to you within 24 hours if you’re successful.

They offer personal loans from $1,000 to $40,000 at an Annual Percentage Rate (APR) ranging between 6.34% to 35.89% for a period of 3 to 5 years.

All you have to do is to apply online and choose your loan offer by selecting your preferred loan term, check your rate and receive your money in your bank account as soon as your loan is ready usually within 24 hours.


LendingPoint makes personal loans available to a wide variety of borrowers including persons with a not so good credit.

It offers personal loans from $2,000 to $36,500 at an APR within the ranges of 7.99% to 35.99% for a period of 24 to 60 months

Their easy loan application process makes it possible for you receive your money within 24 hours after approval. So you can feel free to apply for a LendingPoint loan in all the states excluding Nevada and West Virginia.

READ ALSO: Is It Better To Get A Car Loan Through Your Bank Or The Dealership?

Rocket Loans

Last but not least on this list of top personal loan providers for persons with a bad credit is Rocket loans. They offer personal loans from $2,000 to $45,000 at very competitive rates.

As an online lending company, you can easily go through the entire loan application process online and check your loan options and rates without affecting your credit.

Their quick response time makes it possible for successful applicants to receive their funds on the same day. However, Rocket loans does not accept cosigners.


Although the lenders mentioned above may be lenient when it comes to providing loans to persons with poor credit, note that it is better to have the best credit as possible before applying. This helps you to get lower interest rates and qualify for a higher loan.

Poor credits may result in you being offered loans at higher interest rates making your loan to cost more. So before applying for a personal loan with a not so good credit, make sure you check the rates and ensure that what you’re being offered isn’t too high.

Leave a Comment