In 2025, securing a loan with bad credit can be a challenge, but it is certainly not impossible. Many lenders are willing to work with individuals who have less-than-perfect credit scores, although they may offer higher interest rates or require collateral. If you find yourself in need of financing but have a poor credit history, exploring the best loan options can help you make an informed decision and avoid getting trapped in a cycle of debt. Here are some of the top loan options for individuals with bad credit in 2025.
1. OneMain Financial
OneMain Financial is one of the leading lenders for individuals with bad credit. The company offers secured and unsecured personal loans with amounts ranging from $1,500 to $20,000. OneMain Financial considers borrowers with lower credit scores and may approve loans with flexible terms, though interest rates tend to be higher compared to prime lenders. Secured loans may offer lower rates, as they require collateral such as a vehicle or property. With physical branches in multiple locations, OneMain Financial also provides the advantage of in-person support for borrowers who need guidance through the process.
2. Avant
Avant specializes in offering personal loans to individuals with fair to bad credit. Loan amounts range from $2,000 to $35,000, with repayment terms ranging from 24 to 60 months. Interest rates at Avant tend to be higher for those with bad credit, but the company is known for offering quick and easy applications. Avant also provides fast funding, which makes it a good option for those needing immediate financial assistance. While rates may be higher, Avant’s flexible loan terms and easy-to-navigate online platform make it a solid choice for individuals with bad credit.
3. Upstart
Upstart is an online lender that uses artificial intelligence and machine learning to assess loan eligibility, making it an excellent option for those with poor credit. Rather than focusing exclusively on credit scores, Upstart also considers your education, job history, and income. This can open up lending opportunities for individuals with limited credit histories. Loan amounts range from $1,000 to $50,000, with repayment terms ranging from 36 to 60 months. Interest rates are competitive, especially for borrowers with a solid financial background despite having bad credit.
4. LendingClub
LendingClub is a peer-to-peer lending platform that allows individuals to borrow money from individual investors rather than traditional banks. This can be an appealing option for those with poor credit, as the platform evaluates borrowers based on more than just credit scores. Loan amounts range from $1,000 to $40,000, with terms typically between 36 to 60 months. LendingClub’s platform allows for a more personalized approach to lending, and they offer flexible terms, making it a great option for bad credit borrowers seeking lower rates.
5. Prosper
Like LendingClub, Prosper is a peer-to-peer lender that connects borrowers with individual investors. This unique lending model allows Prosper to offer personal loans to individuals with bad credit, sometimes at lower rates than traditional lenders. Prosper’s loan amounts range from $2,000 to $40,000, with repayment terms from 36 to 60 months. The peer-to-peer model means that borrowers may have more leeway when negotiating loan terms, making Prosper a strong choice for individuals with bad credit who need financing.
6. PersonalLoans.com
PersonalLoans.com is a marketplace that connects borrowers with multiple lenders, including those willing to work with individuals with bad credit. The website allows you to compare loan offers from various providers and choose the one that best fits your needs. Loan amounts typically range from $1,000 to $35,000, and the terms are generally between 36 and 72 months. PersonalLoans.com is a good option for those who want to shop around for the best rates and terms without committing to a single lender right away.
7. Best Egg
Best Egg is a great option for individuals with good to fair credit who may need a personal loan for various purposes. However, Best Egg also works with individuals who have less-than-perfect credit. Loan amounts range from $2,000 to $50,000, and repayment terms range from 36 to 60 months. The company is known for providing quick access to funds, often within one to three business days after approval. Best Egg’s personal loans feature competitive interest rates, especially for those who have some improvement in their credit scores.
8. Payoff
If your primary goal is debt consolidation, Payoff may be a good choice for individuals with bad credit. Payoff specializes in providing loans for people looking to consolidate credit card debt, and it offers loan amounts ranging from $5,000 to $40,000. Payoff focuses on borrowers with bad credit who have a good track record of paying off existing debt. The company offers competitive rates and strives to help you get out of debt more quickly. While Payoff’s primary focus is on consolidating credit card debt, its terms and loan options make it a valuable resource for bad credit borrowers.
9. NetCredit
NetCredit provides both personal loans and lines of credit to individuals with poor credit. Loan amounts range from $1,000 to $10,000, with repayment terms typically between 6 and 60 months. NetCredit offers fast approval and flexible repayment options, making it a solid choice for individuals who need short-term financial assistance. The company is transparent about its fees and interest rates, helping borrowers understand their repayment obligations upfront.
10. Oportun
Oportun is a lender that specializes in working with individuals who have little or no credit history. This makes it an ideal option for people with poor credit or no credit at all. Loan amounts range from $300 to $10,000, and Oportun offers repayment terms of up to 36 months. The company works with borrowers to provide fair and transparent loan terms, and it reports payments to the major credit bureaus, which can help individuals build or improve their credit over time.
Conclusion
Although securing a loan with bad credit in 2025 may come with challenges, there are plenty of options available for borrowers. From peer-to-peer lenders like LendingClub and Prosper to traditional lenders like OneMain Financial and Avant, you can find personal loans that meet your needs. When applying for a loan with bad credit, always compare rates, loan terms, and eligibility criteria to ensure you’re getting the best deal. With the right strategy, you can secure the funds you need while managing your credit responsibly and rebuilding your financial future.