Loans for Poor Credit
580–649Options exist, but rates will be higher. Compare carefully.
Poor Credit Loan Overview
Poor credit (580–649) limits your lender options, but doesn't shut you out. Several online platforms specialize in lending to this range. Expect higher APRs and potentially lower loan amounts, but these loans are still far better than payday or title loans. A personal loan in this range can also help rebuild your credit through consistent on-time payments.
Score Range
580–649
Typical APR
22.99% – 32.99%
Approval Odds
Moderate
Tips for Poor Credit Borrowers
Avoid applying to many lenders at once — hard inquiries can lower your score
Use pre-qualification (soft pull) to check rates without impacting credit
Secured personal loans may offer lower rates
On-time payments on this loan will help rebuild your credit
Best Lenders for Poor Credit
OppFi, Avant, Upgrade, and OneMain Financial serve borrowers with poor credit. OneMain offers in-person branches for those who prefer face-to-face service.
Upgrade
4.3 / 5.0
Upgrade serves a wide credit range with flexible options, including secured and joint loan options for lower-credit borrowers.
APR
9.99% – 35.99%
Amount
$1,000 – $50,000
Min. Score
580
Avant
4.1 / 5.0
Avant specializes in personal loans for borrowers with average credit, offering a streamlined process and reasonable rates for the 580–700 range.
APR
9.95% – 35.99%
Amount
$2,000 – $35,000
Min. Score
580
LendingClub
4.2 / 5.0
LendingClub pioneered peer-to-peer lending and now offers personal loans through their bank with joint application options.
APR
9.57% – 35.99%
Amount
$1,000 – $40,000
Min. Score
600
Upstart
4.3 / 5.0
Upstart uses AI and alternative data to underwrite loans, making them ideal for young borrowers and those with limited credit history.
APR
7.80% – 35.99%
Amount
$1,000 – $50,000
Min. Score
300
OneMain Financial
3.9 / 5.0
OneMain Financial offers personal loans with in-person service at 1,400+ branches, specializing in fair and poor credit borrowers.
APR
18.00% – 35.99%
Amount
$1,500 – $20,000
Min. Score
No minimum published
Poor Credit Loan FAQs
Some lenders accept scores as low as 550–580. OppFi and similar platforms use alternative data beyond just credit scores to make lending decisions.
How much do you need?
Check rates from 200+ lenders — no credit impact.