5 Best Online Loans for Bad Credit: Top Financial Institutions For Bad Credit Personal Loans

It must have happened to you that you needed short-term loans. Namely, banks require a guarantee that you have a good credit rating and that you are qualified for such a loan. If you have a bad credit rating, this mission is impossible.

However, with the advancement of technology and the financial system, there is a way to get a short-term loan from companies that can help users with bad credit. Stay with us because we will present you with the best platforms that offer Bad Credit Loans with guaranteed approvals.

Best Loans Companies For Bad Credit Loans With Guaranteed Approval

1. MoneyMutual: Overall Best Bad Credit Loans On The Market

2. Bad Credit Loans: Get Payday Loans & Quick Loans Online

3. RadCred: Trusted Platform For Bad Credit Personal Loans

4. CashUSA: Online Lenders For Easy Cash Advance

5. Personal Loans: Recommended For High Interest Loans

#1. MoneyMutual: Overall Best Bad Credit Loans On The Market


MoneyMutual is a platform that is designed for those people who need a quick loan. Namely, this platform was established in 2010 after they saw that many people have problems with their financial situation and who need a quick loan to solve such problems.

First of all, this platform is not a direct lender but serves as a bridge connecting loan seekers with lenders. Unlike banks where you need time and filling out countless forms and proof that you have a good credit rating, that's not a hassle with this platform.

Signing up on the MoneyMutual site is simple. You need to fill out a form where you fill in personal information about yourself and where you live. In addition, you state your financial situation and wait for the platform to connect you with potential borrowers.



One of the positive features of MoneyMutual is the simple way of applying. Their website offers an easy and fast way to fill out all the information needed to apply for a loan. Namely, you must fill in personal information such as name and surname, residential address, ZIP code, and the amount you want to withdraw.

Once you do that, this platform will connect you with potential money lenders who can accept your request. In addition, if you agree with the money lenders, the Loan will be available in your account in the next 24 hours.

Types of loans

As we said earlier, MoneyMutual connects customers with loan providers. Lenders offer a slightly higher interest rate, but there are always types of loans that may suit you. Accordingly, this platform offers Installment Loans, Payday Loans, Bad Credit Loans, and Cash Advances.

Depending on your credit status and financial situation, you can choose a suitable loan offered by lenders. After you select the type of loan, MoneyMutual will connect you with the lenders and familiarize you with the loan repayment terms.

However, when applying for a loan, carefully read the terms and conditions provided by the lender. You can ask for a better choice if you don't like them.

Customer care

Another positive thing about MoneyMutual is the care for users and the information they have on their website. In the FAQ section, you will find a lot of useful information that can help you if you want to take out a loan.

However, keep in mind that it is best to contact them by phone when you want to get quick answers to your questions. If you decide to send them an email, this platform responds to customers within three business days.

Interest rate

Regarding the interest rate, keep in mind that Money Mutual only connects you with lenders and does not play a role in creating the interest rate. However, when agreeing with the lender, carefully read their offer's interest rate.

Different lenders give different interest rates that depend on several factors such as the borrower's financial situation, credit rating, and whether he has regular income. Therefore, when the platform offers you a lender, choose the one that you think is the best and with which you will be able to repay the loan on time.


Transparency is one of the positive aspects of this platform that many customers praise. Namely, their website contains all the necessary information about the application method and valuable tips.

In addition, there is an FAQ section, which can help you with the application process and get additional information about the types of loans. In addition, Money Mutual also has a customer review, where you can read the experiences of customers who have used this platform.

Click here to visit the official website of MoneyMutual


  • Lenders can get the loan in less than 24 hours from approval
  • An easy and simple way of applying
  • Transparent platform
  • There are no hidden costs in the application process
  • The website is easy to use and offers all the necessary information


  • Available to US residents only

#2. BadCreditLoans: Get Payday Loans & Quick Loans Online


As the name says, BadCreditLoans is a service intended for that category of citizens with a bad credit rating. Namely, this platform, like many others, connects loan seekers with lenders.

Therefore, if you are in a bad financial situation and need quick cash, BadCreditLoans is a great solution. It takes you a little time to log in and fill in all the required information, and this platform will connect you with lenders that match your requirements.

Note that this platform only operates in the US, so you must verify that you have a regular monthly income to apply for a loan. BadCreditLoans also allows you to connect with lenders without incurring additional costs and hidden fees from the platform. Many customers rated this platform as excellent because it allowed them to get a loan despite having a bad credit history.


Interest rates and APR

Since BadCreditLoans only connects loan seekers with lenders, this platform cannot act or determine the interest rate. However, BadCreditLoans have restrictions placed on the APR. Namely, this platform has set a cap of 6-36% to prevent lenders from charging high APRs.

Customer service

When it comes to customer relations, BadCreditLoans is highly professional and ready to help you with any unclear questions about loan types and interest rates.

Namely, this platform has 24/7 support. With that, you can contact them over the phone or online and get all the answers you need regarding loans.

Useful tips and information

In addition to offering a variety of loans, BadCreditLoans participates in charitable actions and other events. In addition, their website offers additional useful information regarding loans in terms of repayment and rational use of the loan.

In addition, they offer helpful information about the entire loan process and all the additional information that follows.


Regarding customer openness, BadCreditLoans are up to the task. If you visit their website, you will see that it has all the necessary information about types of loans and interest rates.

In addition, this platform offers BadCreditLoans with guaranteed approvals that you can get in less than 24 hours after applying for a loan.

Mobile version

In addition to the web version, the BadCreditLoans platform can also be used through a mobile application. Namely, the mobile version is quite easy to use and navigate. In addition, it has an excellent and simple interface, which allows customers to find out all the

conditions offered by this company. Apart from mobile phones, the online platform is also available on tablets and smartphones.

Click here to visit the official website of BadCreditLoan


  • A quick and straightforward way of application
  • Excellent customer service
  • Guarantee for personal and other private data
  • Once you fill out an application, it is submitted to multiple lenders simultaneously.


  • You are required to provide financial and other personal information in order to be connected with the lender.

#3. RadCred: Trusted Platform For Bad Credit Personal Loans


As members of the Online Lenders Alliance, RadCred is one of the best platforms that allow you to get the loan you need quickly. Namely, this platform offers you a quick and simple way of applying and will connect you with lenders in no time.

Namely, RadCred is a platform that connects you with potential lenders that match your loan requirements. Although the interest rates are somewhat higher than regular bank rates, you can still choose a suitable lender that will offer conditions that suit you.

Unlike many similar platforms, RadCred offers a wide network of lenders that offer very competitive terms. However, before you close the deal and sign anything, read the contract carefully for possible additional costs and penalties. When using this platform, you should also consider your credit history and current credit rating. The more favorable it is, the more likely you will get better terms for repaying the loan.


Simple application

Regarding the application process, RadCred has made it simple and easy. Therefore, there are no complex procedures and complicated conditions that you need to fulfill. All you have to do is fill out the application in which you have to enter basic information about you and your financial situation.

Once you do, RadCred will connect you with a lender that matches your requirements. Please note that all data you enter in the application is strictly confidential, and RadCred does not provide it to any third party without your approval.

A lender that meets your requirements

One of the positives of RadCred is that it will connect you with lenders that match your requirements. After you fill out the application with basic information about you and your financial situation, this platform will connect you with lenders who will give you excellent terms and match all the characteristics you entered in the application.

In addition, you do not have to immediately agree to the first lender who makes you an offer. If you don't like it, you can choose another.

Free services

When it comes to the services offered by this platform, be sure that there are no hidden costs and additional payments. While there are platforms where hidden costs are explained in the fine print, this is not the case with RadCred.

The loan application you fill out is completely free. However, before signing the contract with the lender, you should carefully read the payment terms and whether there are additional costs. However, it all depends on the lender and not this platform.

Loan amount

Regarding loan amounts, RadCred offers loans from $200 to $10,000. In addition, it offers a repayment period of three to seventy-three months. When it comes to interest rates, keep in mind that lenders offer different interest rates depending on the information you fill out in the application.

Visit the Official Website of RadCred


  • A transparent and open online platform
  • Fast money transfer
  • The easy and simple application process
  • There are no hidden costs
  • It takes care of personal information and does not provide it to third parties without your approval


  • You should have a high income

#4. CashUSA: Online Lenders For Easy Cash Advance


Not every platform offers favorable conditions when it comes to bad credit loans. That's not the case with CashUSA. As one of the leading platforms for offering loans, CashUSA connects you with lenders who will offer you a loan that fits your requirements.

All you have to do is fill out an application found on this platform. The application is fast and straightforward. You must enter basic information such as your residential address, age, Social Security Number, financial situation, and bank statement.

Such an application does not take a lot of time, unlike conventional loans where you need to wait a lot of time for an answer, visit offices and go to meetings. After you complete the application, CashUSA will forward such information to potential lenders. If one of them sees an excellent opportunity for cooperation, he will contact you and explain all the details about the loan process.


Loan amount

Regarding the number of loans available to you, this platform offers different types of loans ranging from $500 to $10,000. However, this amount of money depends on your credit status, bank balance, and whether you have a regular monthly income.

To see if you qualify for a certain amount of money, you must fill out the application, and this platform will connect you with a suitable lender. If you qualify, your money should reach your account in just one day from the lender.


As we mentioned earlier, CashUSA does not regulate the interest rate because it represents a bridge between the lender and the borrower.

Therefore, the amount of APR depends on your creditworthiness, the information you have provided about your financial situation, and the terms the lender offers. Therefore, the APR for short-term loans includes a rate of 5.99% up to $35.99. However, this rate depends on the agreement between the lender and the borrower.

Visit the Official Website of CashUSA


  • Excellent customer service
  • Loans are matched according to the information provided by the borrower
  • There are financial consultants you can consult with
  • There is an option for flexible repayments
  • Payment terms can be extended as needed


  • There are high-interest rates for bad credit loans

#5. Personal Loans: Recommended For High Interest Loans


Personal Loans are an excellent choice if you need a quick loan. This online platform offers a quick and simple way of applying and connecting with reputable lenders that match your requirements.

All you have to do is fill out the online application, which does not take much time and consists of basic data such as your address, financial situation, and the loan amount you want to take out. Once you do that, this online platform will connect you with lenders who will offer you terms according to your financial situation.

However, remember that you need to have a regular monthly income to apply. That way, you are more likely to qualify for a bad credit loan. Unlike many other online platforms, Personal Loan offers an excellent payment term ranging from 3 to 71 months. That way, you can choose a loan that suits your needs and financial situation.


Excellent customer service

According to many opinions of the customers that we read, all of them had positive comments regarding the services provided by the employees of Personal Loans. Namely, suppose you have any problem or questions related to the application method, types of loans, and interest rates.

In that case, the employees are always here to explain in detail and easily solve the problem. In addition, you can contact them via email and phone. Furthermore, customer care includes additional advice on types of loans, how to use them rationally, and how to repay them.

Large selection of lenders

Once you fill out the loan application, this platform will connect you with many lenders who will offer you loans that are tailored to your requirements. In that regard, you have the choice to choose a lender that will give you the best offer. In addition, you can also choose a lender that is advertised on the Personal Loans site.

Amount of loan

If you are looking for a bigger loan then PersonalLoans is a great choice. Namely, this platform offers loans ranging from $1000 to $35000, a great offer for borrowers with a bad credit history. Remember that you do not have to immediately choose the first offer from the lenders you are offered. Always read the conditions and possible additional costs after you sign the contract with the lender.

Click here to visit the official website of Personal Loans


  • Users can compare offers from multiple lenders
  • There are no hidden costs
  • The loan is quickly transferred to your bank account
  • Fast approval for customers who have a bad credit score
  • A simple way of applying


  • This platform is only available in the US

FAQs: Bad Credit Loans Online

Q1. Is it easy to get a personal loan with bad credit?

Generally speaking, applying for a loan with bad credit is a little more difficult than applying for those customers who have an excellent credit rating. However, many lenders on the market offer good terms to people with bad credit.

With such lenders, it is important to them that you do not have outstanding debts that you are still paying off. It can further lower your credit score and make you less likely to get a loan.

Therefore, if you plan to take this type of loan, it is best to pay off your previous debts and have a regular income. That way, you will increase your chances of applying for this type of loan.

Q2. How to apply for loans with bad credit?

Before applying for a bad credit loan, the first thing you need to do is know your credit score. If you have an unfavorable or bad credit rating, it is unlikely that you will find a potential lender. Namely, many lenders pay attention to the credit rating of applicants.

Therefore, they make sure that the borrowers have a FICO credit score between 580 and 699. Furthermore, before applying for this type of loan, improve your credit by paying off previous debts. Also, don't apply for credit if you don't need it. That way, your chances of applying for a loan with bad credit are reduced even more.

Q3. What is the necessary credit score for an instant loan?

When filling out an application for a quick loan, several factors determine whether you will receive a loan from the lenders. In that regard, you can have a low credit score but not have any debts.

In this case, the lender pays attention to your regular monthly income and whether you can afford the loan and pay it off regularly. If the lender approves your loan, they may give you a surprise interest rate. In addition, the lender can check whether you change jobs frequently and whether you have a regular monthly income. If your income is stable, the lender will have more confidence in you in terms of repaying the loan.

Conclusion: How Can I Get A Loan With Bad Credit?

We have reached the very end of our article. After seeing the online platforms' offers, we concluded that they are a great solution if you have a bad credit rating. All the online platforms presented in the article are reputable companies that provide a safe way for borrowers to find a suitable lender that matches their interests.

Be aware that many fake platforms offer quick money without explaining all the details about the repayment method and the interest rate. As a result, you can take out a personal loan with an enormously high-interest rate and additional fees that can further affect an already poor credit score. When applying for a bad credit loan, check the platform and its operation carefully.

Make sure that it is transparent and will inform you of all the necessary steps to obtain a loan. In that regard, many of the platforms mentioned in this article offer additional tips on spending money and improving your credit rating rationally. In addition, pay attention to the lenders and the terms they offer. Any hidden charges and penalties may further affect your credit score and put you in an even worse financial situation.