What to know first: The best bad credit personal loans give borrowers with scores below 580 a chance to get fixed-rate financing with a set payoff date. Unfortunately, a low credit score will keep , Since personal loans for people with bad credit can be more expensive, it’s especially important to compare loan terms to find the best deal. Here are a few basic terms to pay attention to. Annual percentage rate: APR is the total cost you pay each year to borrow the money, including interest and certain fees., Pros. Approves applicants with bad or fair credit; No early payoff fees; Reasonable loan minimums ($1,500) for smaller needs; Can pre-qualify with a soft credit check (no hard inquiry right away), This list of the best personal loans for bad credit is based on extensive research into a group composed of 59 banks, credit unions, and other lenders. Investopedia considered each lender’s APR , The good news is, no matter what your personal loan needs are, reputable lenders still want your business -- despite your imperfect credit history. Below is a summary of the best personal loans for bad credit, along with links to each lender's secure online loan application. Here are 2025's best personal loans for bad credit:, Compare the best bad credit loans INTEREST RATES LOAN AMOUNTS REPAYMENT TERMS (YEARS) MIN. CREDIT SCORE; Upgrade. 7.99% to 35.99% $1,000 to $50,000 2 to 7 years No minimum. LendingPoint..