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Best Loan for bad credit Companies 2024

Best Loan for bad credit Companies 



Loan Amount range

FICO Credit score

Repayment terms

Better Business Bureau rating


5.24% to 19.88%

$5,000 to $100,000


up to 84 months




As low as 2.49%

$1,000 to $250,0000

Not disclosed

up to 144 months


TD Bank

6.99% to 21.99%

$2,000 to $50,000



up to 60 months


Rocket Loans

5.97% to 29.99%

$2,000 to $45,000

Not disclosed

up to 60 months



5.99% to 28.74%

$1,000 to $35,000


up to 36 months


Lending Club

7.04% to 35.89%

$1,000 to $40,000

Not disclosed

up to 60 months

not rated


28.62% to 35.99%

$300 to $10000


up to 48 months


Bankers Healthcare Group

7.99% to 25.21%

$20,000 to $25,0000


up to 144 months


Lending Point 

9.99% to 35.99%

$2,000 - $36,500


Upto 48 Months



9.95% to 35.99%

$2,000 - $35,000


up to 60 months




5.55% to 35.99%

$1,000 - $50,000


up to 60 months




5.94% to 35.97%

$1,000 - $50,000


up to 84 months


OneMain Financial


18% to 35.99%

$1,500 - $20,000


up to 60 months


 SoFi, short for Social Finance, offers personal loans of up to $100,000. The lender operates across the country and is known to offer loans without any fees. In addition to personal loans, SoFi offers student loans, student loan refinancing, home loans and small business financing. 

Earnest partners with personal loan marketplace Fiona to match borrowers with loans of up to 144 months. There is no charge for using Fiona to search for loans, but some of the lenders that users will see on Fiona. 

TD Bank is an American subsidiary of Toronto-Dominion Bank of Canada and one of the 10 largest banks in the United States. The full-service bank has more than 1,100 retail store locations in the Northeast, Mid-Atlantic, Washington, DC, metro areas, the Carolinas, and Florida. TD Bank offers unsecured personal loans to cover large and small expenses with amounts ranging from $2,000 to $50,000. 

Rocket Loans provides personal loans to eligible borrowers in 47 states. These loans can be useful for people who need to borrow up to $45,000 for debt consolidation, home improvements, medical expenses, or other expenses. 

PNC Bank can trace its history back to 1852 and the Pittsburgh Trust and Savings Company. Today, PNC Bank U.S. It is the seventh largest bank in the U.S., and has a wide range of consumer and business banking services. Among its suite of products, PNC offers personal, unsecured installment loans up to $35,000. Applicants are considered based on satisfactory credit history, ability to repay and income. 

Lending Club is an online marketplace bank that connects borrowers and investors through its network of lending partners. LendingClub was initially launched on Facebook and has since grown from a comprehensive peer-to-peer lender to a bank holding company. 

Oportun offers personal loans of up to $10,000 to borrowers in 23 states. The lender requires no credit history, making the loan an option for consumers with bad credit. The lender also allows co-signers in some cases and does not charge application or prepayment fees. 

Bankers Healthcare Group began in 2001 and has grown to over $8 billion in loans funded over 20 years in Davy, Florida, businesses of all types of licensed health care professionals, including dentists, physicians, veterinarians, physician assistants and nurse practitioners. 

Lending Point has the lowest minimum credit score requirement of any of our top picks, making it a good option if you can't qualify with other lenders with your credit score. LendingPoint has a quick application process. And you can be approved the same day you apply. You can often receive your funds the next business day after approval. 

Avant is one of the easier lenders to qualify for on our list. Its minimum credit is just a guideline, not a requirement, but most Avant borrowers have a credit score between 600 and 700. Avant Fund gives loans quickly - if the company approves your loan by 4:30 PM. CT Monday to Friday, funds are often credited to your account from the next business day. 

Loan for bad credit

How can I get a bad credit loan fast?

If you have scanned through our reviews of the best money lending sites mentioned above, you will come to know how easy and convenient it is to get loan finance from the lenders here.

These platforms are built with the sole purpose of connecting potential borrowers with potential lenders. As a result, lenders on these sites do not demand much documentation from borrowers, nor do they conduct extensive credit checks on them, which helps in saving time.

These sites require borrowers to fill out an online form before contacting lenders. Lenders then review these forms and decide whether they want to lend money to the borrower who has requested the funds. In most cases, this form requires only basic details about the borrower and does not take more than a few minutes (usually five minutes) to fill out.

The lender then reviews the form and informs the potential borrower of their acceptance or rejection through the website. In some cases, the lender may ask for additional details such as the borrower's sources of income and more. However, providing such information also does not take much time, and it is usually a matter of minutes between submitting a loan request and getting guaranteed approvals from lenders on such sites.

Lastly, if a lender accepts the request for funds, they have the option of crediting the funds directly to the borrower's account and making the funds available for their use. Thus, the whole process from start (filling in the online form) to end (receiving money in your account) can take at least 24 hours. 

Frequently Asked Questions (FAQ)

1. What is considered a bad credit score?

Here's how lenders classify "fair" and "bad" credit scores:

FICO Score

Very Bad: 300 to 579

Fair: 580 to 669

Good: 670 to 739

Very Good: 740 to 799

Excellent: 800 to 850

Vantage score

Very Bad: 300 to 499

Poor: 500 to 600

Fair: 601 to 660

Good: 661 to 780

Excellent: 781 to 850

A score less than 670, and certainly a score less than 600, will most likely make you ineligible for the most affordable personal loan. But if you are in a pinch, it is not at all impossible to get a loan with a credit score of high 500 or low 600.

What is the best interest rate on personal loan?

Even if you have bad credit, you can save by shopping for the best interest rate on a personal loan. Compare bad credit personal loan offers with the national average trends for personal loans to know if you've got a good deal.

The average personal loan rate is 9.33%. Last week's average rate was 9.33%.* 

2. What type of loans can you get with bad credit?

Personal loan for bad credit

Payday loans

Optional Installment Loan

Student loan

Credit card cash advance 

3. How can you get a loan with bad credit?

Check your credit report.

Budget your loan repayment.

Shop around for the best interest rate.

Beware of scams.

Pay off debts.

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