For the average American, financial hiccups are pretty standard now and then. Applying for a bad credit loan is something they will do at least once in their life, and that’s okay because bad credit loans can seem like reducing a financial burden.

Keeping this in mind, here is a list of the best bad credit loans and how to apply for them.

Best Bad Credit Loans – Quick Overview

• low credit finance – Best overall for bad credit loan
• big buck loan – Best for online bad credit loan for unemployed persons
• green dollar loan – Best for small loans for low FICO borrowers with bad credit
• Viva Payday Loan– Best for same day instant loans for bad credit
• Heart Paydays – Check Out Best Bad Credit Personal Loans For No Credit Options

1. Low Credit Finance – Best For Online Bad Credit Loans

Personal loans for bad credit on low credit finance range from $100 to $5,000 with 3 to 24 months to pay. Applying for bad credit loans with low credit finance is as easy as filling an online application form. You can expect the interest rate to be between 5.99% to 35.99%.

Eligibility Criteria for Installment Loan for Bad Credit

• $1000 p/m. Earn
• pass the affordability assessment
• 18 years+

professionals

• Bad credit borrowers welcome
• Interest starts as low as 5.99%
• flexible loan amount

Shortcoming

2. Big Buck Loan – Best Online Bad Credit Loan for Unemployed Individuals

Big Buck Loans provide online loans for unemployed – or the non-traditionally employed – individuals with bad credit. If you earn a minimum of $1000 per month through alternative means, you are welcome to apply for Small Personal Loans for Bad Credit Borrowers. Pay off Bad Credit Personal Loans available through Big Buck Loans range from $100 to $5,000 for 3 to 24 months, with interest up to 35.99%.

Loan Eligibility Requirements for People with Bad Credit Score

• 18+ years old to apply
• Have a USA bank account with direct debit
• Minimum earning of $250 per week

professionals

• Loan approved within one hour
• Borrowers with low FICO scores are welcome
• quick online application

Shortcoming

3. Green Dollar Loans – Best for Small Loans for Bad Credit for Low FICO Borrowers

Green dollar loans range from $100 to $5,000 for bad credit with 3 to 24 months to pay off. The interest on installment loans for bad credit with Green Dollar Loan ranges from 5.99% to 35.99%.

Eligibility Requirements for Personal Loan for Bad Credit

• only over 18
• Bank account with direct debit required
• Must earn at least $1000 per month

professionals

• Loan repaid in 15 to 60 minutes
• Welcome to Low FICO Score
• 100% Online Application

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4. Viva Payday Loans – Best For Same Day Instant Loans For Bad Credit

Viva Payday Loans process loans in minutes, and if approved, pay off within 60 minutes. In addition, instant loans for bad credit, ranging from $100 to $5,000 on Viva Payday Loans, are quick and easy to apply for on the Viva Payday loan platform. The interest can go up to 35.99%.

Eligibility Criteria for Installment Loan for Bad Credit

• Minimum $1k per month income
• Affordability assessment applies
• Only 18+ applicants can apply

professionals

• Welcome to Low FICO Score
• Quick and easy online application
• Loan amount $5,000. Happens till then

Shortcoming

• expensive credit options

5. Heart Paydays – Check Out Best Bad Credit Personal Loans For No Credit Options

There are several types of bad credit personal loans on Heart Paydays. Here you will find online bad credit loans ranging from $100 to $5,000 with 3 to 24 months to pay and interest that ranges from 5.99% to 35.99%.

Loan eligibility requirements for people with bad credit

• $1000 p/m income
• 18 years min
• usa bank account

professionals

• Loan repaid in 15 to 60 minutes
• Welcome to Low FICO Score
• flexible terms

Shortcoming

• Interest may increase to 35.99%

What are bad credit loans and how do they work?

Small personal loans for bad credit are short-term loans ranging from $100 to $5,000 designed for people with less-than-stellar credit scores. This does not mean that lenders can provide borrowers with no credit check options or guaranteed approval options for bad credit loans. It simply means that it exceeds your credit score once you are approved for the loan.

Instant loans for bad credit come with interest rates starting from 5.99% to 35.99%.

How to apply for a loan with bad credit?

There are four simple steps to process a loan application for personal loans with bad credit:

Step 1: Choose your loan amount

Simply choose your loan amount from $100 to $5,000 and the required terms of 3 to 24 months.

Step 2: Complete the Bad Credit Loan Application Form

Complete the application form with your details and wait to hear back.

Step 3: Wait for Decision (Just 2 Minutes)

Within two minutes, if a lender can assist you, you’ll get a response. Then, decide whether or not you want to proceed.

Step 4: Get your loan

The lender will forward a loan agreement for you to read, sign and send back. Once this is received, the loan will be repaid.

Bad Credit Loans – Features and Factors to Consider

Personal Loan Bad Credit – Fees

The cost of your small loans for bad credit ranges from 5.99% to 35.99% in interest.

Bad Credit Loans – Amount & Terms

Bad credit loans through a debt-finder service range from $100 to $5,000 with 3 to 24 months to pay off.

Reputation of installment loan lenders for bad credit

While using Loan-Finder, you can rest assured that the offers provided are from reputed and responsible lenders present in the market.

How to choose top bad credit loan providers?

While selecting bad credit loan providers, keep the following points in mind:

• Quick and easy online application process.
• Quick payment process.
• Provide flexible loan amount and terms.
• Offer competitive interest rates, not to exceed 35.99%.

conclusion

To conclude, loan-finding sites like Low Credit Finance really do improve the loan application experience. Applying for a bad credit personal loan may not be easy, and with today’s competitive market, you can also secure instant loans for bad credit that come with interest rates at the lower end of the scale.

frequently Asked question

What supporting documents are required for small personal loans for bad credit?
You will need to provide: ID, proof of address, bank statement and pay slip.

Can I get a bad credit loan within hours?

If you meet the eligibility requirements, pass the affordability assessment, and have the required supporting documents, you can get a personal loan bad credit within an hour.

Can I apply for bad credit loan online without credit check?

No, according to US loan regulations, all lenders are required to conduct a credit check on borrowers, even if they still intend to provide financial assistance to a bad credit borrower.

Disclaimer – The above content is non-editorial, and The Economic Times disclaims any and all warranties, express or implied, relating thereto, and does not warrant, confirm or necessarily endorse any content. The loan websites reviewed are loan-matching services, not direct lenders, therefore, are not a direct participant in the approval of your loan request. Requesting a loan with websites does not guarantee the approval of the loan. This article does not provide financial advice. If you require financial assistance, please seek the help of a financial advisor. Loan available to US residents only.