Bad credit can seem like a noose around the neck of the average American trying to make ends meet. Thankfully, loans for bad credit online offer a viable opportunity to get bridging cash or longer-term cash loans to cover emergencies, unexpected expenses, or get bills paid while you’re getting back on your financial feet. The thing about online loans for bad credit is that they’re designed with the borrower with a less-than-perfect credit score in mind. Loans for bad credit online may come with an APR that’s higher than you’d expect at the local bank, but it still means access to quick cash loans for bad credit online and the fact that you’ll have flexible repayment options to choose from.
Nothing can quite compare to the stress of having no cash in hand and that’s why loans for bad credit online are a popular go-to for so many. With the knowledge that online installment loans for bad credit can be applied for within minutes and approved in just as little a space of time, any American can rest easy that a financial helping hand is just around the corner. Loans for bad credit online can be acquired from direct lenders, but if you’re looking to save time and frustration and only deal with lenders most likely to grant you access to the best online loans for bad credit in a hurry, your best bet is to make an application for installment loans online for bad credit via a loan finder site offering quick and easy access to loans for bad credit online.
Because it’s tough to make a sound financial decision when you’re in a pickle, we’ve made it simpler for borrowers to find and secure online personal loans for bad credit by compiling our editor’s pick of the best providers of small online loans for bad credit. Below, we review each provider of online loans for bad credit same day on our list and provide quick reference ratings on legit online loans for bad credit for your convenience! You’re welcome!
Best Bad Credit Loans Guaranteed Approval – Quick Overview
- Heart Paydays: Best Overall for Quick and Easy Access to Online Loans for Bad Credit up to $5000
- Green Dollar Loans: Best for Loans for Bad Credit Online, with APRs Starting as Low as 5.99%
- Viva Payday Loans: Best for Online Payday Loans for Bad Credit Borrowers with Low Income
- Big Buck Loans: Best for Loans Online for Bad Credit Borrowers Who Are Self Employed or Freelancers
- Low Credit Finance: Best for Online Installments Loans for Bad Credit Starting at $100 from Direct Lenders
Top 10 Loans for Bad Credit Guaranteed Approval From Top Lenders USA in 2022
Heart Paydays: Best Overall for Quick and Easy Access to Online Loans for Bad Credit Up to $5000
Quick Ratings
- Decision Speed: 9/10
- Loan Amount Offering: 8/10
- Variety of Products: 8/10
- Acceptance Rate: 8/10
- Customer Support: 7/10
There’s something to be said for providers of online loans for bad credit that simplify the application process and make everything speedy. That’s precisely what you can expect from Heart Paydays. You can apply for online loans for bad credit up to $5000 in a matter of minutes, and you will know within 2 minutes if you can actually get that loan or not. There’s no waiting around, no pacing, no stressing – just swift processing of online loans for bad credit! You’ll be expected to pay interest, of course, but that’s pretty standard at 5.99% to 35.99%, depending on the amount acquired and the lender. When it comes to repayments, a debit order instruction will be set up to ensure your installments are collected weekly, fortnightly, or monthly – spread over 3 to 24 months.
Highlights of Online Loans for Bad Credit up to $5000
- 2-minute approval process
- Quick funds payout
- Quibble-free lending with minimal paperwork
- Get up to $5000 for big-ticket expenses
- Bad credit borrowers welcome
Eligibility Requirements to Apply for Online Loans for Bad Credit up to $5000
- Your income cannot be below $1000 per month
- Your valid ID must prove you are at least 18
- You must be a legal resident or citizen of the USA with a US bank account
Expected Fees and APR on Online Loans for Bad Credit up to $5000
- Low APR starting point of 5.99%
- Highest interest charge expected is 35.99%
- Penalties on late payments
Click Here to Request Loans for Bad Credit Online Today! >>
Green Dollar Loans: Best for Loans for Bad Credit Online with APRs Starting as Low as 5.99%
Quick Ratings
- Decision Speed: 8/10
- Loan Amount Offering: 8/10
- Variety of Products: 7/10
- Acceptance Rate: 8/10
- Customer Support: 7/10
Green Dollar Loans is a loan finder platform earning itself quite a bit of interest in the online lending world for its low starting point in APRs. In fact, APRs start as low as 5.99% on the platform. Of course, not all lenders are the same – some charge as much as 35.99%. When it comes to application decisions, the process is nothing short of speedy. You can apply for loans for bad credit in a matter of minutes and get feedback within 2 minutes. Once you’ve read and signed your contract, you can expect a swift payout too. There are options aplenty when it comes to loans for bad credit online at Green Dollar Loans. You can select loan amounts between $100 and $5000 with 3 to 24 months to pay.
Highlights of Loans for Bad Credit Online with APRs Starting as Low as 5.99%
- One quick online application form
- Eligibility requirements are reasonable
- Get approved within 2 minutes
- A low credit score won’t exclude you
- Get up to 2 years to repay your loan
Eligibility Requirements to Apply for Loans for Bad Credit Online with APRs Starting at 5.99%
- Your income must be $1k per month or more
- Your age must be over 18
- Your residency or citizenship in USA must be proven
- You’ll need to provide proof of income, proof of address, and your ID
Fees and Interest Rates on Loans for Bad Credit Online
- APRs range from 5.99% to 35.99%
- Penalties apply to late and missed payments
- Local banks may charge a fee if you set up a direct debit and have insufficient funds to cover your loan installment on the deduction day.
Click Here to Request Loans for Bad Credit Online Today! >>
Viva Payday Loans: Best for Online Payday Loans for Bad Credit Borrowers with Low Incomes
Quick Ratings
- Decision Speed: 8/10
- Loan Amount Offering: 9/10
- Variety of Products: 8/10
- Acceptance Rate: 7/10
- Customer Support: 7/10
Viva Payday Loans is best known for its online payday loans for bad credit borrowers with low incomes. Not all lenders provide funding to borrowers earning $1000 per month, but the lenders on the Viva Payday Loans panel are known for it. If you can prove you have sufficient income, you’re eligible to apply. You can apply for loans for bad credit between $100 and $5000 and expect to receive flexible repayment options between 3 and 24 months. Interest is fairly standard at 5.99% to 35.99%, with most lenders being negotiable in a bid to remain competitive. Simply complete one quick and easy online application form.
Highlights of Online Payday Loans for Bad Credit Borrowers with Low Incomes
- Bad credit borrowers welcome
- Low-income borrowers welcome
- Quick loan processing
- Interest starts as low as 5.99%
- 2-minute approval process
Eligibility Requirements to Apply for Online Payday Loans for Bad Credit Borrowers with Low Incomes
- $1000 per month income required
- Applicants must be over 18
- Only US residents and citizens may apply
Fees and Interest Rates Charged on Online Payday Loans for Bad Credit Borrowers with Low Incomes
- Penalties apply to missed or late payments on installments
- Some lenders charge establishment or monthly service fees
- APRs will range from 5.99% to 35.99%.
Click Here to Request Loans for Bad Credit Online Today! >>
Big Buck Loans: Best for Loans Online for Bad Credit Borrowers Who Are Self Employed or Freelancers
- Decision Speed: 8/10
- Loan Amount Offering: 8/10
- Variety of Products: 7/10
- Acceptance Rate: 7/10
- Customer Support: 8/10
For freelancers, self-employed individuals, contractors, landlords, and even people who earn and live off royalties, Big Buck Loans offers a savings grace! You may not have a payslip to present, but you can prove your income with your bank statements, latest proof of tax returns, income statements and similar. If you meet the lending criteria, you can access loans online for bad credit between $100 and $5000 with 3 to 24 months to pay and with interest rates that range from 5.99% to 35.99%.
Highlights of Loans Online for Bad Credit Borrowers Who Are Self Employed or Freelancers
- No payslip required to apply
- Minimum income requirement only $1000 per month
- Flexible loan amounts and repayment terms
- Interest starts very low at 5.99%
- Applications offer a very fast turnaround
Eligibility Requirements When Applying for Loans Online for Bad Credit Borrowers Who Are Self Employed or Freelancers
- Income must be over $1000 per month
- Age limit of at least 18
- Proof of valid ID is required
Fees and Interest Rates Charged on Loans Online for Bad Credit Borrowers Who Are Self Employed or Freelancers
- Max interest rates set at 35.99% for the platform
- Lowest expected interest rate is 5.99%
- Late payments may result in a penalty.
Click Here to Request Loans for Bad Credit Online Today! >>
Low Credit Finance: Best for Online Installments Loans for Bad Credit Starting at $100 from Direct Lenders
Quick Ratings
- Decision Speed: 7/10
- Loan Amount Offering: 8/10
- Variety of Products: 7/10
- Acceptance Rate: 7/10
- Customer Support: 7/10
Last but not least on our list of providers of the best online installments loans for bad credit is none other than Low Credit Finance. This particular loan finder has earned itself a reputation for connecting borrowers with direct lenders offering bad credit loans starting as low as $100. Of course, the platform also provides access to online installment loans for bad credit of higher amounts, typically with a max of $5000. When applying for online installments loans for bad credit via Low Credit Finance, you can expect the process to take a few moments. You’ll have access to loans that can be paid off over 3 to 24 months and benefit from interest that starts as low as 5.99%.
Highlights of Online Installments Loans for Bad Credit Starting at $100 from Direct Lenders
- Fill in one application form
- Get feedback on your application in 2 minutes
- Fast payouts provided on approved loans
- Get up to $5000
- Interest has a low starting point
Eligibility Requirements to Apply for Online Installments Loans for Bad Credit Starting at $100 from Direct Lenders
- Income of $1000 minimum required
- Minimum age of 18
- US citizenship or residency required
Fees and Interest Rates Charged on Online Installments Loans for Bad Credit Starting at $100 from Direct Lenders
- Up to 35.99% interest
- Interest starts as low as 5.99%
- You can expect missed or late payment penalties in some cases
Click Here to Request Loans for Bad Credit Online Today! >>
We Looked for the Following in Each of Our Top Providers of the Best Online Loans for Bad Credit
The below criteria were used to create our top list of the best online loans for bad credit providers.
- Quick online applications
- Non-prejudicial lending practices
- Flexible loan amounts ranging up to $5000
- Reputable lenders and transparent lending
- Flexible repayment terms
Various Types of the Best Online Loans for Bad Credit
Installment Loans Online for Bad Credit with Low APRs
Low APR installment loans online for bad credit offer borrowers a great way to get quick access to emergency funds while improving their credit score at the same time. Low APR loans are easier to repay and kinder on the pocket.
Installment Loans Online for Bad Credit Borrowers Who Are Unemployed or Self-Employed
If you’re unemployed, self-employed, or earn your income through alternative means, you’ll be able to apply for installment loans online for bad credit between $100 and $5000 and get 3 to 24 months to pay.
Low Payday Online Personal Loans for Bad Credit Starting from $100
For those who just need a little bridging cash to get to their next payday, payday online personal loans for bad credit are available, and they start as low as $100.
Unsecured Online Personal Loans for Bad Credit
If you don’t have collateral to put up or a valuable asset to pawn, you’ll apply for unsecured online personal loans for bad credit. These loans come with higher interest rates than secured loans due to the risk to the lender. The highest interest rate you can expect with any of our reviewed loan finders is 35.99%.
Small Online Loans for Bad Credit – The Features & Factors to Consider
Small Online Loans for Bad Credit Processing Time
Processing of loans can take a long time with traditional banks, but that’s just not the case with online loans acquired through a loan finder. In fact, small online loans for bad credit can be processed automatically and provide feedback to borrowers within just 2 minutes.
Disbursement of Approved Online Loans for Bad Credit Same Day
How quickly you can get a payout on approved online loans for bad credit same day is certainly a focus. If you get your application sorted out as early in the day as possible, the actually application can be finalized on the same day. Payouts will depend on each individual lender.
Standard Interest Rates on Online Loans for Bad Credit Same Day
It’s important to be aware that interest rates apply to all online loans for bad credit same day, and when using a loan finder, the rate can fluctuate between 5.99% and 35.99%.
The Reputation of Providers of Legit Online Loans for Bad Credit
One of the biggest perks of using a loan finder is that you’ll have access to legit online loans for bad credit provided by accredited, reputable, and reliable lenders.
Top 5 Platforms of Legit Online Loans for Bad Credit in December 2022
| Small Loans for Bad Credit Online | Pros | Cons |
| Heart Paydays | 2-minute feedback periodMinimal paperworkFast paymentsDirect depositReputable lenders | High APRs |
| Green Dollar Loans | No payslip requiredBad credit scores allowed2 years to paySimple applicationFlexible loan amounts | Late payment penalties |
| Viva Payday Loans | Small loans availableVariable interest ratesVarious loan optionsEasy eligibility criteriaFast turnarounds | APRs as high as 35.99% |
| Big Buck Loans | Simple to applyLow interest at 5.99%Multiple lenders on the panelFlexible loan amounts and repayment optionsBad credit borrowers welcome | Interest as high as 35.99% |
| Low Credit Finance | 100% online applicationNo physical paperwork required Reasonable interest starting pointPay weekly, fortnightly, or monthlySpeedy payouts | Up to 35.99% interest |
Quick & Easy Application Steps for Small Loans for Bad Credit Online
Applying for small loans for no credit check & bad credit online has never been easier than completing an application on the Heart Paydays platform. Here are the four quick steps to apply via Heart Paydays:
Step 1: Select the Required Quick Online Loans for Bad Credit Amount
You can select the amount you require between $100 and $5000 for online loans for bad credit via Heart Paydays. You can also select the repayment term between 3 and 24 months.
Step 2: Complete the Quick Online Loans for Bad Credit Application Form
Access the application form and input your personal details. Once you’re ready, submit the form to action the application for online loans for bad credit.
Step 3: Get Feedback on Your Quick Online Loans for Bad Credit Application in 2 Minutes
You’ll be advised if your application is approved within 2 minutes via the automated system. The next phase is setting up the finer details of your loan with the lender and then reading through the provided loan contract carefully.
Step 4: Get Your Installment Loans for Bad Credit Online Payout
Simply sign and send the form back to the lender to get your installment loans for bad credit online payout.
FAQ’s
Can I Get an Installment Loan with Bad Credit?
Yes, you can get an installment loan with bad credit. Lenders will carry out a credit check and compare your income and expenses to determine if you can afford the loan. Bad credit borrowers acquire loans all the time.
Do Installment Loans Require a Credit Check?
Yes, all US loan applications require a credit check by law, but bad credit borrowers can still acquire a loan.
What Credit Score Do You Need to Get Loans for Bad Credit Online?
The required FICO scores can vary from one lender to the next. Most loans are provided to borrowers with scores ranging from 550 to 720. That said, many lenders provide loans to borrowers with scores below 550 if they can prove affordability of the loan.
What Are the Types of Loans for Bad Credit?
There are multiple types of loans available to bad credit borrowers ranging from payday loans to emergency loans, unsecured loans, car loans, pawnshop loans, and even secured loans. The loans you have access to will depend on the lender in question.
Why is Interest High on Loans for Bad Credit Online?
The interest charged on loans for bad credit online is related to the risk faced by the lender. These loans are typically unsecured, which means the lender has to trust that you’re going to make your promised payments in full and on time.
What are the Steps to Getting a Loan for Bad Credit Online?
The first step is to visit a loan finder site such as Heart Paydays. Access the application form, input your information and submit the form. Then, receive a loan contract that needs to be read through and signed. Once the signed form is received, the funds can be disbursed.
How Can I Prove My Income to Get a Bad Credit Loan if I’m a Freelancer?
Installment loans for bad credit online can be provided to you if you prove your income. This can be done by presenting your bank statements, payslips, or tax returns.
Conclusion
Acquiring a bad credit loan can be stressful. You’re strapped for cash loans, and you’re worried about bills – the last thing you need is the panic involved in applying for a loan with multiple lenders. By using a loan finder such as Heart Paydays, you can cut out the stress of applying individually with each lender and allow the automated system to connect you with a lender most likely to approve your loan. Try out the easy online application process at Heart Paydays today!
Disclaimer: The loan websites reviewed are loan-matching services, not direct lenders, therefore, do not have direct involvement in the acceptance of your loan request. Requesting a loan with the websites does not guarantee any acceptance of a loan. This article does not provide financial advice. Please seek help from a financial advisor if you need financial assistance. Loans available to US residents only.