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Whether you’re ready to make home improvements, need money for debt consolidation or have some other large expense, you can find lenders that offer $10,000 personal loans — even if you have bad credit. Learn more about your options, including what to look out for as you compare and calculate how much a loan might cost, so you can find the best loan for your budget and goals.
A personal loan is generally your best option for a $10,000 loan. Cash advance apps or payday loans rarely go into the thousands. Personal loans can be used for debt consolidation, home improvements, vacations and more. Even if you have a poor credit score, if you have enough available income to repay the loan, there are lenders willing to work with less-than-perfect credit.
Compare 4 lenders for bad credit or no credit
If your credit score is at or below 580, these lenders could be the ticket to getting a $10,000 loan. Many of these lenders don’t require a minimum credit score, but you need enough available income to repay the loan and likely need to be employed.
Lender
Minimum credit score
Requirements
Loan type
Finder rating
OneMain Financial
300
Established credit history, US citizen or permanent resident, Age of majority in your state
Have a regular income, 18+ years old, be a U.S. citizen with a valid social security number, have a valid U.S. driver’s license or state ID, have an open bank account
Credit score over 550 and a regular source of income.
Personal loan connection service
★★★★★
Monevo
300
US resident, over 18
Personal loan
★★★★★
Compare 5 lenders for fair credit
With a better credit score, you have more options. But even with a credit score below 670, you may not qualify for the lowest rates and fees available.
Lender
Minimum credit score
Requirements
Loan type
Finder rating
Upstart
300
Minimum age: 18, Residing in the United States (don’t have to be a citizen or permanent resident) (exception for military), Minimum credit score of 300 in most states, No bankruptcies or public records on your credit report, No accounts that are currently in collections or delinquent, Living in the 50 US states
Narrow down top personal loans by APR, minimum credit score and more to find the best for your budget and financial goals. Select Compare for up to four products to see their benefits side by side.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Personal loans tend to have higher interest rates than loans with collateral, such as a home loan or auto loan. Rate shopping is key in saving money over the course of a larger personal loan. Your APR can be anywhere from 3% to 36%, depending on the loan size, loan term and credit score.
For example, if you take on a $10,000 personal loan with a two-year term, you can see how much your APR can impact your monthly payment and total interest charges in the example table below.
Loan term
APR
Estimated monthly payment
Estimated total interest charges
2 years
5%
$438.71
$529.13
2 years
8%
$452.27
$854.55
2 years
11%
$466.08
$1,185.88
2 years
14%
$480.13
$1,523.09
2 years
17%
$494.42
$1,866.14
2 years
20%
$508.96
$2,214.99
2 years
23%
$523.73
$2,569.59
Your loan term also has a big say in how much interest you’ll pay over time and the size of your monthly payment. For example, if you take on a $10,000 loan with a 14% APR, you can see the impact on loan term has on monthly payments and interest.
Loan term
APR
Estimated monthly payment
Estimated total interest charges
1 year
14%
$897.87
$774.45
2 years
14%
$480.13
$1,523.09
3 years
14%
$341.78
$2,303.95
4 years
14%
$273.26
$3,116.71
5 years
14%
$232.68
$3,960.95
Calculate your loan repayments
Play around with loan terms, rates and loan sizes with our loan repayment calculator to how much a personal loan could cost you.
How long does it take to get a $10,000 loan funded?
Personal loans without collateral are often funded in less than a week — provided you have all your documents ready. In some cases, you could even get the funds within one business day, depending on the lender.
If you use a connection service to find a lender, such as LendingTree, it may take a little longer to get funds, because you have to sort through matched lenders and you started with a third-party service instead of a direct lender.
How to pay off $10,000 in debt
A $10,000 loan is typically from 12 months to 60 months long, depending on the lender. Here are some tactics you can use to help get out of debt as quickly as possible:
Early payoff. An early loan payoff can save a ton in interest charges. This can mean extra payments each month or even rounding up your monthly payments, like rounding up a $215 payment to $250.
Refinancing. Refinancing is when you pay off a loan with another one, effectively replacing the original loan. Many borrowers refinance to get a lower monthly payment or lower interest rate. If you have a high rate on a $10,000 loan, getting a lower rate via refinancing can mean a lot of savings over time and a lower monthly payment.
Bi-weekly payments. For a loan that lasts years, making bi-weekly payments can help reduce interest charges over time. Also called payment splitting, you pay half of the loan payment around 15 days before the due date, then the remaining half on the due date. This decreases interest charges in a way that doesn’t require paying extra each month.
One extra payment each year. Paying one extra full payment each year can shorten your term without breaking the bank. If you had a 60-month loan term and made one extra payment each year, you’re shortening the loan term to 55 months. Or you can spread that yearly payment over 12 months by paying a little extra on each due date.
Debt consolidation. If this $10,000 personal loan is just a drop in the bucket among your other monthly expenses, it may be worth it to look into debt consolidation. This debt relief tactic involves combining two or more loans together into one larger loan. For many borrowers, this helps alleviate stress by reducing how many monthly bills you have to keep track of each month or possibly reducing interest charges if you manage a lower rate on the debt consolidation loan.
Eligibility requirements for a $10,000 loan
A $10,000 personal loan will have some requirements, namely your credit score and income. Common requirements for personal loans include:
Credit score at or above 600, depending on the lender.
Full-time employment or steady source of income.
A debt-to-income ratio of less than 45% to 50%.
An active bank account with a positive balance.
No active bankruptcies.
Proof of residence and identity.
Be at least 18 years old or the age of majority in your state.
How to increase your chances of approval for a $10,000 loan
If you’re aiming for a low-interest rate and approval, here are some tactics to consider:
Age of credit history. The length of your credit history matters, so keep old accounts open even if you don’t use them. Deactivating older accounts can decrease your credit score since it reduces the overall age of your credit history.
Fix errors on your credit reports. You can request a report from the three credit bureaus once every 12 months for free, and this doesn’t harm your credit score. Review all three reports, and if you find any errors harming your credit, contact those creditors directly to resolve them before you apply for new credit.
Resolve any delinquent accounts. Review your credit reports for any delinquent accounts, like past due payments or late payments. Contact your creditors and resolve those issues before applying — multiple past-due accounts can make future lenders uneasy.
Apply for new credit sparingly. When you apply for new credit, it can harm your credit score for up to 12 months. Avoid applying for various other credit types in a short time because it could give lenders the impression you’re strapped for cash and decrease your credit score for a while.
Add some history. If you’ve never taken on credit or have a limited credit history, products like Experian Boost can help. Experian Boost is a product where you can link your previously non-reported monthly expenses, such as a phone bill, to your credit reports. This gives some weight to your credit reports, and the on-time monthly payments can positively influence your credit score without taking on any new expenses.
What to watch out for
Here are some red flags to watch out for when applying for new credit:
Extra fees. Lenders may charge an origination fee, often 3% to 9% of the loan amount.
Late fees or prepayment penalties. A personal loan may carry flat late fees, so watch out for those. And prepayment penalties, while uncommon, could mean paying extra to the lender if you complete the loan earlier than scheduled.
Guaranteed approvals. Be wary of a lender that guarantees approval on a $10,000 loan. A legitimate lender should have a few requirements to meet before issuing the loan. If not, then they may not be concerned enough about your ability to repay the loan, and you could accidentally set yourself up for failure.
Alternatives for personal loans
If a personal loan’s interest rate is too high, or you’re struggling for approval, consider these alternatives:
If you have a paid-off vehicle, title loans are short-term loans that let you borrow against your car.
Bethany Hickey is a personal finance writer at Finder, specializing in banking, lending, insurance, and crypto.
Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt.
Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others.
Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine.
Okay he went down production I got behind on payments my credit score dropped now it says debt consolidation bad credit which nobody will give you they keep passing you on to other creditors other one maybe this person can help you maybe this person help which in fact they cannot so why do they call it debt consolidation when you’re in debt bad credit accepted but yet no one wants to help you
Each creditor have different categories that they check in order to qualify you to get a loan. You may need to check with them first before applying to ensure that it does not show up on your report. Hope this helps!
Thanks for getting in touch with Finder. I hope all is well with you.
To borrow money, you would need to first assess your needs and preference. From there, start comparing your options by using the table above. Compare based on various factors such as credit score, loan amount, and APR. You can then click on the “Go to site” green button of your chosen provider to learn more.
Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. Hope this helps!
I am 41 years old with a full time job but I have a credit score of 518 and I am wanting to buy my dream 3.67 ac of land for $10.000 , and I really would love to find bank that I could borrow it from, can u please help me
Our guide in purchasing land through a personal loan might be able to help. You may also check on the different lenders available in your state to determine what is suitable for you. Hope this helps!
Currently unemployed, have no income coming in. However, I have a business account with a little under $9,000.00 in it. I don’t want to touch the biz account for personal finances.
Can I get a personal loan secured against my business bank account? My credit is good and fair, if that matters.
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Okay he went down production I got behind on payments my credit score dropped now it says debt consolidation bad credit which nobody will give you they keep passing you on to other creditors other one maybe this person can help you maybe this person help which in fact they cannot so why do they call it debt consolidation when you’re in debt bad credit accepted but yet no one wants to help you
Hi James,
Thank you for reaching out to Finder.
Each creditor have different categories that they check in order to qualify you to get a loan. You may need to check with them first before applying to ensure that it does not show up on your report. Hope this helps!
Cheers,
Reggie
How can I borrow money?
Hi Diana,
Thanks for getting in touch with Finder. I hope all is well with you.
To borrow money, you would need to first assess your needs and preference. From there, start comparing your options by using the table above. Compare based on various factors such as credit score, loan amount, and APR. You can then click on the “Go to site” green button of your chosen provider to learn more.
Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
My daugther is getting married and I need a$ 4000.00 loan my credit isn’t that good but I need some help with it
Hi James,
Thank you for reaching out to Finder.
You may be interested in checking the Finder article we have below:
Best installment loans
Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. Hope this helps!
Cheers,
Reggie
I am 41 years old with a full time job but I have a credit score of 518 and I am wanting to buy my dream 3.67 ac of land for $10.000 , and I really would love to find bank that I could borrow it from, can u please help me
Hi Jeff,
Thank you for reaching out to finder.
Our guide in purchasing land through a personal loan might be able to help. You may also check on the different lenders available in your state to determine what is suitable for you. Hope this helps!
Cheers,
Reggie
Currently unemployed, have no income coming in. However, I have a business account with a little under $9,000.00 in it. I don’t want to touch the biz account for personal finances.
Can I get a personal loan secured against my business bank account? My credit is good and fair, if that matters.
Thanks,
CD