Best Guaranteed Installment Loans for Bad Credit

Andrew Reyes
A person using their laptop, which is open to a installment loan agreement page.

If you have bad credit but need to buy something quickly in an emergency, then you need to find a way to buy now and pay later with an installment loan that is guaranteed to come through. Some websites allow you to take out a personal loan that can help you buy now and pay later, even with bad credit.  

You may be feeling stuck, but don’t worry; the following is a list of nine sites through which you can acquire personal loans even with bad credit. Check out the review below.  

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Guaranteed Approval Installment Loans for Borrowers With Bad Credit

These are our top picks for lenders that can provide guaranteed installment loans no matter what your credit score is. is simply one of the best websites to use if you need money right now and plan to pay off the loan later.’s website is super secure and will protect all of your information.

There are many different loan amounts to choose from depending on your credit score. You will fill out an application and if you are approved, they can directly deposit money into your account for immediate use.  

  • Loan amounts: $500 to $10,000;
  • Annual percentage rate (APR): 5.99% to 35.99%;
  • Loan terms: 90 days to 72 months. can help connect you to lenders who have the loans you need. With a large network of both state and Tribal lenders, they match you with these lenders and send you offers at no obligation to you to accept them.

Their service is completely free to use and their website offers expertly written articles that explain every part of the loan process.

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

Learn more about today.


If you have fair credit, Payoff will be your best choice. The process to receive a Payoff loan is easy; you’ll fill out an application and they will give you options.

This is a great way to pay off high-interest credit card debts because Payoff may be able to provide you with a lower interest rate. You can borrow a higher amount from this company, but only if you qualify.  

  • 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 provides customized loans that are based on the information you provide them. The application is easy — it will only take a few minutes of your time to fill out.

To qualify for a loan on the Prosper website, you must have fair to good credit on your FICO score. The minimum credit score you can have is 640, which is considered a Fair score.  

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


If you are trying to pay off unexpected expenses, OppLoans is a great option. If you need quick money within one to two business days, this is your best choice, though it should be your last resort.

OppLoans doesn’t have high loan amounts to choose from, so this is only good if you are trying to fix your car, replace a kitchen accessory, or anything along those lines. This option is not available in all states, so you will have to look to make sure you would be eligible.  

  • Loan amounts:  $500 to $4,000;
  • APR: 59% to 160%;
  • Loan terms: Up to two years. 

Learn more about OppLoans today.

OneMain Financial

OneMain Financial tends to be a little more expensive than other lending options due to the higher APR. However, this platform is easy to use and makes it simple for people to check their rates and terms quickly.

The best feature of this program is that it allows you to choose your payment date, making it easy for you to budget around the payment plan.  

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


Avant is a website that allows you to take loans out quickly to improve your credit score. If your low credit score reduces your chances of approval from large banks, Avant may be a really good option for you. This is a quality site to use if you are trying to pay off loans and other debt to help improve your credit score.  

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


Upstart prides itself on being fair and fast. This loan provider has a quick process, and you can get a decent amount with a clear pay-off date.

Upstart doesn’t make anything confusing. If you need debt consolidation or credit consolidation, this loan may be a good choice for you.  

  • Loan amounts: $1,000 to $50,000;
  • APR: 7.86% to 35.99%;
  • Loan terms: Three to five years. 

To qualify for an installment loan from, you will need to make at least $2,000 a month, and you will need a Fair to Good credit score.

After you fill out an application, this company will offer you personalized loans depending on the information you provide. You can receive a high loan amount or a small one depending on what you need and qualify for.  

  • Loan amounts: $500 to $35,000;
  • APR: 5.99% to 35.99%;
  • Loan terms: 90 days to 72 months.

Learn more about today.  

What Are Guaranteed Installment Loans for Borrowers With Bad Credit?

A guaranteed installment loan is a loan that a third party, who is willing to take on debts, sells to a borrower. In the event that the borrower defaults on payments, the third party is held responsible.

A loan that’s “guaranteed” does not involve the lending institution in excessive risk because a third party is assuming its debt obligation, not the lender.

Someone with poor credit or little to no financial resources may not be able to take out a regular bank loan, so they might take out a guaranteed loan as a way for them to raise the money they need. This is how these lenders can “guarantee” loans to people with bad credit.

If you have bad credit and need a loan quickly, these websites can help you. They allow you to fill out accessible forms to understand how much you need, and they guarantee you an answer. They will help you take out a loan you’re able to afford and they could be more reliable than banks if you have bad credit.   

How Do I Get Guaranteed Installment Loans for Bad Credit?

You might be wondering about the process you can take to get a guaranteed loan for bad credit. Here is what you can do to ensure you get the best outcome and loan for yourself.  

  1. Check all companies to find the lowest APR and the offer you need.  
  2. Try to check your terms before applying for the loan. This will save time in the future.  
  3. Fill out the application to see whether you’re approved.  
  4. Accept or deny the loan and be sure to read the fine print.  
  5. If you accept the terms and conditions, your money will be transferred directly to your account for immediate use.  

How to Find the Best Guaranteed Installment Loan Provider for Bad Credit

You may feel stuck trying to find the best guaranteed installment loan provider, but you have options. The first thing you need to do is figure out your credit score; from there, you can look through all of the providers above to determine which one is best for you.

This will take a little research on your end: some guaranteed loans that you’ll receive from certain lenders are safe and reliable while others demand unusually high interest rates. Throughout your research, take a very close look at the details of each loan before you sign anything.

Consider the educational resources and customer support that each lender offers. Take some time to browse the lender’s website: do you feel taken care of? Would you trust this lender with the information they’ve chosen to publish? How much is the lender willing to help you throughout the loan process?

How does the lender handle your data? How high do they prioritize security? If the lender can’t help you find the right loan, what else are they willing to do for you?

Take the time to answer these questions in your research and you’ll find the best guaranteed installment loan provider that works for you and your financial situation. Be patient and stick it out! 

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