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Get approved for a $3,000 loan, even with bad credit

A $3,000 loan could be a few clicks away.

When emergency strikes and you need $3,000 fast, there are several options available to you. Just watch out for high APRs.

Compare $3,000 loans

These lenders all offer $3,000 loans. Each has a different maximum amount if you end up needing more funds — ranging from $5,000 to $100,000. Check the requirements before you apply, if you don’t meet the minimums set by the lender your application will be rejected.

NameAvailabilityTurnaround TimeRequirements
OppLoans Installment LoansNot available in: Colorado, Connecticut, Illinois, Iowa, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, South Dakota, Vermont, West Virginia1 business dayDirect deposit, Meet minimum income requirements, Live in eligible state
Monevo Installment LoansAvailable in all statesVaries by lenderCredit score of 500+, legal US resident, ages 18+
CashUSA Installment LoansNot available in: New YorkAs fast as same business dayRegular source of income, bank account, US citizen or permanent resident, age of majority in your state
BadCreditLoans.comAvailable in all statesVariesDepending on lender requirements, people from all 50 states may not be eligible for a personal loan.
NetCredit personal loansNot available in: Colorado, Connecticut, Iowa, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New York, North Carolina, Pennsylvania, Vermont, Virginia, West Virginia1 to 3 business daysVaries depending on your state of residence.
Depending on your state of residence, your personal loan might not be offered by NetCredit but through its partner lender, Republic Bank & Trust Company, Member FDIC.

Am I eligible for a $3,000 loan?

You can generally get a loan if you:

  • Have a regular source of income
  • Have an active checking account
  • Are over 18

You don’t necessarily need to be employed to get a $3,000 loan, though it helps. As long as you have a regular source of income, you can typically find a lender. Don’t have a bank account? Check out our no bank account loans guide.

What types of loans should I consider?

  • Installment loans can be paid back over three to 12 months are available to all credit types and don’t require collateral.
  • Auto title loans are available if you own your car outright. You might be able to get a slightly better deal if you have bad credit and put your car’s title up for collateral with an auto title loan.
  • Secured personal loans use other items that you own to back a loan from a personal loan provider for more favorable rates and terms.
  • Credit cards come with a cash advance feature that allows you to get the funds from an ATM. But these typically come with an extra fee and a higher APR than your normal credit card purchases.

How to find the right lender

Ask yourself these five questions to pick the best lender to apply with:

  1. How quickly do I need the money? This can tell you whether to prioritize speed or cost.
  2. What can I afford? Figure out how much you can afford to repay each month and use that to weed out lenders.
  3. How is my credit? If you have a credit score below 600, your options are typically limited to installment or auto title loans.
  4. Am I employed? Some lenders require you to have a job while others accept any regular income like government benefits.
  5. How much does the loan cost? The easiest way to compare costs is to compare a loan’s APR, which includes both interest and fees.

Get a $3,000 loan

Can I afford a $3,000 loan?

The total cost of your loan will depend on the type of lender you go with, your finances and your credit score. Your monthly payments are based on two factors: Your APR — the annual cost expressed as a percentage — and your loan term.

Personal loans frequently cap your APR at 36% or less, while payday loans and installment loans have much higher fees and often a much shorter repayment term, which results in a high APR.

Lenders may also charge an origination fee, which is a percentage of your loan amount typically deducted from your loan before you receive your funds. This is also based off your credit score — if you have bad credit, expect to pay a higher origination fee in addition to higher rates and fees.

Use our calculator to see how much your monthly repayments would be at different loan rates and terms.

Get a $3,000 loan

Benefits and drawbacks to consider


  • Repayment flexibility. A number of lenders allow you to make repayments according to how frequently you get paid. If you can repay your loan ahead of time without being subject to an early payout penalty, you can save on fees and interest.
  • Account access. Most lenders allow you to access your account online, while others also offer phone account access.
  • Apply with bad credit. Having bad credit doesn’t mean you can’t get a loan. Most payday lenders will consider you for a loan with less-than-perfect credit.


  • Higher interest rates and fees than standard loans. Interest rates for bad credit loans are noticeably higher than most other loan types, so you may want to explore other options first. Payday loans and installment loans also tend to come with higher interest rates compared to more traditional secured and unsecured personal loans.
  • Higher repayments. Since payday loans and installment loans are paid rather quickly, the payments will be high when compared to other types of personal loans that can stretch over years.
  • Disreputable lenders. If any offer seems too good to be true, it probably is. Ensure the lender you’re applying with has a solid reputation by reading independent reviews and checking with your local government.

How to find out if a lender is legit or a scam

How to get your loan application approved

While there is no definite way to make sure a lender approves your application, it could help your application to keep the following tips in mind. $3,000 of debt is nothing to take lightly. Be sure you also understand the risks and know what to watch out for before you apply.

Tips for a good application

  • Establish eligibility criteria. Make sure you have a chance of approval before you start your application.
  • Go through your credit report. Understanding of your credit history will put you in a better position to know what loans you can and can’t apply for.
  • Limit your applications. Submitting too many applications can negatively affect your credit score. Instead consider prequalifying with multiple lenders.

What to watch out for

  • Avoid taking out a loan you’re know you won’t be able to repay on time — this can start a cycle of debt.
  • Avoid simply picking the first lender you come across. You could save money on interest and fees by comparing multiple lenders. Remember to consider all costs, including penalty fees for late payments.

Get a $3,000 loan

What is the process for getting a $3,000 loan?

The first step is to compare your options. After you find a loan on our compare table, select the Go to Site button. Once on the lender’s website, you can begin the application process.

After you apply, some lenders inform you of their decision in minutes, while others can take up to two business days. Funds are usually deposited into your bank account on the next business day after your approval. It ultimately depends on the lender and your bank.

Repayments and terms are set by the lender. Some lenders allow you to repay early. When reviewing your loan contract, be sure to ask about repayments as some payday loan lenders charge extra fees for early repayment.

What to know before taking out a cash advance

There are a few things you should know about cash advances to make the right decision for you and your family.

  1. Take out a cash advance only in emergency situations because this type of loan is typically a short-term, one-time solution. If you have structural financial problems, you should consider credit counseling.
  2. Make sure you can repay your cash advance in a timely manner. Missing the due date on your repayment will result in additional charges. Avoid digging yourself into a deeper financial hole by taking on debt you can’t afford.
  3. Read the lender’s terms and conditions carefully. It’s important to read the fine print so you know exactly what you are paying and when it is due.

Looking for a different type of loan?

Fixed Term

Fixed Amount

7 daysPicture not describedcheckmark$1,000
30 daysPicture not describedcheckmark$1,500
2 monthsPicture not describedcheckmark$2,000
3 monthsPicture not describedcheckmark$3,000
5 monthsPicture not describedcheckmark$4,000
6 monthsPicture not describedcheckmark$5,000
12 monthsPicture not describedcheckmark$10,000
24 monthsPicture not describedcheckmarkCompare more

Are payday loans available in your state?

Frequently asked questions about $3,000 loans

Is having a checking account necessary?

Most lenders require applicants to have operational checking or savings accounts where they can transfer funds electronically.

Will a late payment on a loan affect my credit?

While not all lenders report to the big three credit agencies that handle credit, some might choose to report late or missing payments. This is at the discretion of the lender.

What happens if I know my payment will be late?

The best solution is to contact your loan provider and inform them. Usually, the lender will be willing to extend the payment deadline and find ways to help you through difficult financial times.

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2 Responses

  1. Default Gravatar
    LindaDecember 10, 2017

    Do I have to put bank information before getting approve rather do this once I am apptove??

    • Avatarfinder Customer Care
      JoanneDecember 12, 2017Staff

      Hi Linda,

      Thanks for reaching out.

      There are lenders that require bank account information as bank statements can confirm your financial situation. Most lenders require applicants to have operational checking or savings accounts because this is where they can transfer funds electronically and payments are usually directly debited from there.

      To get additional information you may want to click on “go to site” or “more” for you to check on the eligibility requirements per lender.


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