Easiest Personal Loans to Get in 2024

If you need cash and don’t have a great credit score, you might be tempted to turn to payday loans or other high-cost options. However, a personal loan is a much better borrowing method because you can receive a lump sum and pay it off in set installments. 

We’ve identified four reputable personal loan lenders with more flexible credit and income requirements, making it easier to get approved without resorting to risky alternatives. Here are the easiest personal loans to get in 2024.

Easy personal loans to get in 2024 

Here are the companies we’ve deemed the easiest personal loan lenders to qualify with for a personal loan this year. We’ve ensured that all lenders below meet our strict criteria for recommended companies.

Credible

Best Marketplace

5.0 _/5

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Why it’s one of the best

Credible simplifies the loan shopping process, even if your credit isn’t perfect. Instead of searching multiple sites, you can see offers from various lenders all in one place. Plus, you can get personalized rate quotes based on your financial situation without worrying about a hard credit check.

Because you can explore your options without impacting your credit score, Credible is a great starting point for those with lower credit who want to see what’s available. Their customer service is also known for being efficient and supportive, helping guide you through each step of the process to make it as easy as possible.

Loan details

Rates (APR)	6.99% – 35.99%
Loan amounts	$1,000 – $200,000
Repayment terms	1 – 10 years

Upgrade

Best for Fair Credit

4.9 _/5

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Why it’s one of the best

Upgrade is a financial services platform designed to help people with credit scores between 580 and 669 get personal loans and improve their financial health. One standout feature is that you can apply with a cosigner, which could help you get better rates and terms.

Beyond loans, Upgrade offers tools to help you understand and improve your credit score, showing that it’s invested in your financial progress. It also offers a hardship program that can adjust your payments if you hit a rough patch, making it a supportive option for people working to rebuild or establish their credit.

Loan details

Rates (APR)	9.99% – 35.99%
Loan amounts	$1,000 – $50,000
Repayment terms	2 – 7 years

Upstart 

Best for Little to No Credit

4.8 _/5

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Why it’s one of the best

Upstart uses artificial intelligence to evaluate personal loan applicants, considering factors beyond credit scores, such as education and employment history. This approach offers an alternative for borrowers who might not meet the criteria of traditional lenders.

Upstart’s process is designed to be efficient, with a streamlined application and the potential for quick loan approvals and funding. This blend of technology and flexibility can be helpful for individuals with limited credit history seeking financial options.

Loan details

Rates (APR)	7.8% – 35.99%
Loan amounts	$1,000 – $50,000
Repayment terms	3 or 5 years

Best Egg

Best for a Secured Loan

4.8 _/5

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Why it’s one of the best

Best Egg offers secured loan options that can be especially useful for people with less-than-perfect credit. Its quick application process allows for faster approvals and funding, which can benefit borrowers who may need access to funds quickly.

With various loan options, including debt consolidation and home improvement loans, Best Egg provides flexibility for different financial needs. The minimum credit score requirement of 600 makes it accessible to a wider range of borrowers while still promoting responsible lending.

This combination of speed and flexibility makes Best Egg a helpful option for those with poor credit looking for reliable financial support.

Loan details

Rates (APR)	7.99% – 35.99%
Loan amounts	$2,000 – $50,000
Repayment terms	3 – 5 years

What qualifies as an easy-to-get personal loan?

Easy-to-get personal loans are accessible to borrowers who might not qualify for traditional personal loans. These loans have more flexible credit score, debt-to-income ratio, and income requirements.

Some lenders with easy-approval personal loans might have alternative algorithms to determine loan eligibility, considering your education or employment history. Others may require collateral to secure the loan or only award loans if you have a cosigner with a stronger credit history.

The minimum credit score needed for a personal loan is often 580, but many lenders have even stricter requirements. Easy-to-get personal loans make it possible for borrowers with a lower score—or those with a high debt-to-income ratio or small income stream—to qualify.

However, the easier it is to qualify for a personal loan, the more you might spend on fees and interest. For example, easy-approval personal loans might come with a higher origination fee or a 35.99% APR.

Pros and cons of easy-approval personal loans

Easy-to-get personal loans have their fair share of benefits, but you’ll also need to weigh the disadvantages.

Pros

• Fast funding

  If you need money—and need it fast—a personal loan is one of the best ways to get it. It doesn’t take long to receive a personal loan, with some lenders giving you cash within 24 hours.

• Credit score improvement

  If you get approved for the personal loan and repay it responsibly, you should expect your credit score to improve. This will make it easier to qualify for loans with better rates in the future.

• Better than alternatives

  High-interest credit cards and predatory payday loans are alternatives to easy-to-get personal loans—but these options can be much more expensive in the long run.

Cons

• High fees

  When lenders give personal loans to borrowers with poor credit scores, they often charge higher fees, including origination fees.

• High interest rates

  Easy-approval personal loans tend to have higher interest rates since lenders take on greater risk when lending to bad-credit borrowers. This makes easy-to-get personal loans expensive in the long run.

• Additional requirements

  Some easy-to-get personal loans for bad credit may require you to get a cosigner or to put up collateral (like a car or your savings account) to secure the loan.

• Lower limits

  While personal loans are easy to get, you might not be able to borrow as much as you need. In general, these options have low personal loan limits.

How does easy approval affect your personal loan cost and terms?

Easy approval for personal loans often means paying higher fees and interest. Only borrowers with excellent credit tend to qualify for personal loans with the lowest fees and best rates.

However, the loan cost may not be the only factor affected. It could also influence your loan terms. Lenders may have stricter (that is, shorter) repayment terms for easy-to-get personal loans. 

While some lenders allow repayment terms to stretch to seven years or more, borrowers with bad credit should expect a much shorter repayment window, such as a two-year term. Here’s how the cost of borrowing varies based on a personal loan’s rate and term.

Loan amount	Term length	APR	Monthly payment	Total interest accrued
$20,000	2 years	10%	$922.90	$2,149.56
$20,000	2 years	20%	$1,017.92	$4,429.99
$20,000	7 years	10%	$332.02	$7,889.99
$20,000	7 years	20%	$444.12	$17,306.41

How to get an easy-approval personal loan

Does an easy-approval personal loan make sense for you? Following these steps to get a personal loan will help, but there are a few things to remember for easy-approval loans.

Build up your credit score if you have time

These loans have more generous credit score requirements, but lenders will look for other ways to help you qualify, such as your income and employment history. Consumers who don’t have the best credit scores will have to build up their credit scores to have access to more financial products and score more favorable rates, but it’s still possible to receive extra cash.

Review your finances

Many borrowers end up with higher APRs if they receive easy-approval personal loans, so it’s important to consider your financial situation before getting started. You should also gauge your ability to make on-time monthly payments, as late payments will hurt your credit score and result in extra fees.

Check the total costs

Some of these loans may not be worth it due to their elevated origination fees and interest rates. Furthermore, borrowers with low credit scores and high debt-to-income ratios may have lower borrowing limits. 

It’s good to compare several easy-approval personal loans and see how much you can receive before deciding.

Tip

Not happy with any of the loan offers available to you? If you’re not in a rush to borrow money, work on improving your credit score for several months, then try applying again.

Alternatives to personal loans that are easy to get

The easiest personal loans to get aren’t your only option when you’re strapped for cash and need money fast. Here are a few other ways to get money easily:

• Use a cash advance app: Some of the best cash advance apps offer quick access to funds without any interest or membership fees. These apps look at your banking history rather than your credit score, and requesting a cash advance will not trigger a hard credit check. However, most cash advance apps only let you borrow $500 – $1,000 and will not improve your credit score if you pay them on time.
• Use a credit card: Even with a fair or poor credit score, you may be able to qualify for a handful of credit cards. Without a strong credit history, you’ll likely only qualify for credit cards with high interest rates and low credit limits, but such cards can provide you with quick, easy access to the funds you need for emergency expenses. Just be careful of overspending on high-interest credit cards; it’s easy to get stuck in a cycle of credit card debt.
• Borrow from family and friends: If loved ones are willing to lend you money, you may avoid personal loans altogether. Borrowing money from friends and relatives can complicate relationships, so make sure you have a plan to pay off your debts as soon as possible.
• Crowdfunding: While you likely won’t have success with Kickstarter or GoFundMe if you’re raising money for a vacation or debt consolidation, you may have luck getting donations from friends, family, colleagues, neighbors, and even strangers if you have a crowdfunding campaign to raise money for medical bills for you, a family member, or pet.
• Get a cosigner: Qualifying for better personal loans may be easier if a trusted friend or family member with a strong credit score joins you as a cosigner or co-borrower.

FAQ 

What is the easiest loan to get approved for?

The easiest loans to get approved for tend to be cash advances, which require minimal credit checks. However, they often come with high fees, so be certain to read all terms and conditions first. 

It’s also relatively easy to get a personal loan from Upstart since the lender considers numerous factors instead of only looking at your income and credit score.

What bank is the easiest to get a personal loan from?

The ease of personal loan approval tends to vary based on individual credit scores and financial circumstances. However, larger banks such as Wells Fargo or U.S. Bank may have flexible approval criteria. If you have a relationship with a local credit union, it might be helpful to check there, too.

How can I get a loan when no one will approve me?

If you’re having trouble getting approved for a loan, you can take several steps. Your best options might include improving your credit score, seeking out lenders who specialize in loans for people with bad credit, or considering a cosigner.

Can you get a personal loan with no credit?

Yes, obtaining a personal loan is feasible even with no credit history. Lenders such as Upstart and Avant consider factors beyond just credit scores, such as your income, education, or job history.

How we selected the easiest personal loans to get

Since 2017, LendEDU has evaluated personal loan companies to help readers find the best personal loans. Our latest analysis reviewed 1,029 data points from 49 lenders and financial institutions, with 21 data points collected from each. This information is gathered from company websites, online applications, public disclosures, customer reviews, and direct communication with company representatives.

These star ratings help us determine which companies are best for different situations. We don’t believe two companies can be the best for the same purpose, so we only show each best-for designation once.

Recap of the easiest personal loans to get