Best Loans With Guaranteed Approval if You Have Bad Credit

Andrew Reyes
A loan application is rubberstamped "approved" next to stacks of cash.

Knowing that your loan is guaranteed erases the stress associated with applying, especially if you have bad credit. A loan with guaranteed approval means that you know you’ll get the loan before you begin the application — the application only helps the lender decide which loan terms will work best for your situation.  

This article will guide you to finding the best loan for bad credit with guaranteed approval.

Table of Contents

Guaranteed Approval Loans for Poor Credit

Here are the best loans from providers that guarantee approval for those with bad credit. is a lending site that connects borrowers with lenders. Any borrower, regardless of credit score or credit history, can apply for a loan through and be approved.

The site works by connecting the borrower with a lender who will approve the loan. When the borrower fills out the brief application, the site generates loans guaranteed for the borrower, taking the guesswork out of the loan process.

  • Loan amounts: $500 to $10,000;
  • Annual percentage rate (APR): 5.99% to 35.99%;
  • Loan terms: 90 days to 72 months.

Learn more about today.

When a borrower applies for a loan through, the lenders expect bad credit and don’t conduct a credit check. Instead, focuses on income — as long as the borrower has an income, they can apply for a loan. offers personal loans, student loans, mortgages, auto loans, and debt consolidation loans and is flexible for borrowers. Any borrower looking for a small loan with a short loan term will find exactly what they need at

  • Loan amounts: $500 to $5,000;
  • APR: 5.99% to 35.99%;
  • Loan terms: Three years.

Learn more about today.


Payoff is a great loan option for anyone with a credit score higher than 640. With a 640 credit score, borrowers can receive a loan between $5,000 and $40,000 with a relatively short loan term.  

Payoff has no prepayment or late fees, making it a great option for those with low credit scores. Additionally, Payoff’s APR is fixed, which eliminates a portion of the risk for the borrower. Borrowers can receive a guaranteed loan without worrying about a fluctuating APR.

  • Loan amounts: $5,000 to $40,000;
  • APR: 5.99% to 24.99%;
  • Loan terms: Two to five years.

Learn more about Payoff today.


Prosper’s minimum credit score requirement is 640. Before applying for loans, the site will conduct a soft credit check to make sure you qualify for the loan options. If your credit score is within the acceptable range, you will qualify for most of the site’s loans.

Prosper also has an option to change your payment dates, making it easier for borrowers to stay in control of their loans. Borrowers with Fair credit scores will find a wide variety of loan types.

  • Loan amounts: $2,000 to $40,000;
  • APR: 7.95% to 35.99%;
  • Loan terms: Three to five years.


OppLoans has no minimum credit score and guarantees approval for almost every borrower. However, OppLoans’ APRs are higher than average, fluctuating between 59% and 99%, with some reports suggesting higher than 140%.  

If you’re willing to risk the high APR, you can take out a loan through OppLoans. OppLoans allows borrowers to change their payment dates and can deposit the loan total in the borrower’s account within one to two business days.

  • Loan amounts: $500 to $4,000;
  • APR: 59% to 99%;
  • Loan terms: Zero months to two years.

Learn more about OppLoans today.

OneMain Financial

OneMain Financial doesn’t ask for the borrower’s credit score and instead focuses on the borrower’s income. As long as the borrower has an income, they can take out a loan from OneMain Financial.  

OneMain Financial allows the borrower to choose their payment date and funds their account within one business day. The site reports monthly to the three credit bureaus, aiming to increase the credit scores of the borrowers.  

  • Loan amounts: $1,500 to $20,000;
  • APR: 18% to 35.99%;
  • Loan terms: Two to five years.


Avant offers guaranteed personal loans to borrowers, the majority of whom have credit scores between 600 and 700. To check the borrower’s credit history, Avant conducts a soft credit check.

After the credit check, borrowers qualify for a wide range of personal loan options and Avant allows the borrowers to change the payment date at any time.  

Avant reports to the three credit bureaus and aims to increase the credit scores of borrowers. They also offer a refinancing option and a mobile app to make managing the loan as simple as possible.

  • Loan amounts: $2,000 to $35,000;
  • APR: 9.95% to 35.99%;
  • Loan terms: Two to five years.


Borrowers can get a loan with Upstart if they have at least a 600 credit score. Before the borrower applies for loans, Upstart will conduct a soft credit inquiry. If the borrower’s credit score is higher than 600, they automatically qualify for Upstart’s loans.

Borrowers can get an Upstart loan within one business day. Additionally, Upstart reports the borrower’s credit payments to the three credit bureaus. Over time, the new credit reports will increase the borrower’s credit score and make them eligible for lower APRs and better loan rates.

  • Loan amounts: $1,000 to $50,000;
  • APR: 8.94% to 35.99%;
  • Loan terms:Three to five years. is available to those with Very Poor credit, but the site recommends borrowers have a credit score of 600 to get better interest rates on their loans. With a 600 credit score, borrowers are guaranteed a loan.

Their loans are fast and can be used for any purpose. For most loan opportunities, will approve and deposit the loan in the borrower’s account within one business day.

  • Loan amounts: $500 to $35,000;
  • APR: 5.99% to 35.99%;
  • Loan terms:Three to 72 months.

Learn more about today. 

What Are Bad Credit Loans With Guaranteed Approval?

A bad credit loan with guaranteed approval takes away the uncertainty and stress when applying for a loan. These loans often cater to those with low credit scores or others who struggle to get approved for loans.  

Because lenders with guaranteed approval often work with higher risk, the APRs for loans are higher, sometimes reaching as high as 400% (though it’s recommended that borrowers avoid lenders with extremely high APRs).  

In most cases, guaranteed loans also have shorter terms and lower amounts than regular loans, making it faster and easier for the borrower to pay back the loan.

How Do I Get Bad Credit Loans With Guaranteed Approval?

Anyone with an income can be approved for a bad credit loan. The process is fairly simple, depending on which lending service you choose to contact. In the above section, there are several bad credit loan options from providers that guarantee approval.

Here’s how to apply:

  1. Pick a lending service that fits your situation and preferences.
  2. Fill out the request form. The form typically includes personal information such as an address, income, and bank information.
  3. Determine the loan that works with your income and timetable.
  4. Receive the loan in your bank account within a few business days.

Many lenders will report back to credit bureaus, which helps the borrower build new credit and improve their credit score. With an improved credit score, borrowers can apply for better loans with lower APRs.

How to Find the Best Bad Credit Loans With Guaranteed Approval Provider

Just because you qualify for a loan doesn’t mean you should take the loan. Some loan options have exorbitantly high rates and make it nearly impossible for a person with an average or low income to pay back the loan within a reasonable time frame. Other loans may be too inflexible for the borrower.

Finding the best loan for your situation rests on three main factors:  

Low APR  

The most important factor to consider when choosing a loan is APR. APR stands for “annual percentage rate” and is the cost the borrower must pay each year to have the loan.

Additionally, some lenders offer a fixed APR, meaning that the APR will stay the same throughout the loan. Other lenders have variable APRs where the APR can swing from low to high depending on the market.

A borrower may sign for an APR of 20% but end up paying 140% if they’re not careful. Never sign for a loan with an APR range higher than 35.99%.

Low Credit Score Minimum

Some guaranteed loans have minimum credit scores — even though the loan is “guaranteed,” it’s only guaranteed for those who fall within the acceptable credit score range.  

Depending on your credit score, look for lenders that offer loans to your credit score range. If you have a 550 credit score, don’t apply to a lender that offers loans to those with 640 credit scores and higher.

Flexible Financing

The final thing you will need with a guaranteed loan is flexible financing. Flexible financing means that the loan works with you rather than against you. Loans with flexible financing let the borrower choose their payment dates and change the date throughout the duration of the loan, creating a stress-free loan.

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