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

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Your $3,000 cash loan could be just a few clicks away.

There is no telling when you might need money in a hurry, and luckily, getting a small loan can be easy. There are lenders who offer $3,000 loans to help pay for car repairs, late bills or medical expenses. What’s important is that you have some source of income and the ability to manage your repayments.

Our guide below will help you determine if a $3,000 loan is the right option for you.

OppLoans Installment Loans

OppLoans Installment Loans

Get fast funding up to $5,000 at reasonable interest rates.

  • Min. Loan Amount: $500
  • Loan Term: 9 to 36 months
  • Turnaround Time: 1 business day
  • Must be 18+ years old
  • No security deposit needed
  • Confidential and secure

    Top $3,000 loans you can apply for today

    Rates last updated August 17th, 2018
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Max. Loan Amount Turnaround Time Requirements
    OppLoans Installment Loans
    Installment loans with competitive rates from a top-rated direct lender.
    1 business day
    Open to residents of AL, AK, AZ, CA, DE, FL, GA, ID, IL, IN, KS, KY, MI, MN, MO, MS, NE, NV, NM, OH, OK, OR, SC, TN, TX, UT, VA, WI and WY. Must have direct deposit and meet minimum income requirements.
    CashUSA Installment Loans
    As early as 1 business day
    Monthly income of $1,000+ after taxes and valid checking account.
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
    NetCredit Personal Loan
    Check eligibility in minutes and get a personalized quote without affecting your credit score.
    1-3 business days
    Varies depending on your state of residence.

    Compare up to 4 providers

    Are you eligible for a $3,000 loan?

    You can generally get a loan if you meet the following criteria:

    • Employment. Some lenders require you to be employed, but you may find a lender who will consider you if you are unemployed but have another form of income. Part-time workers can also be eligible for loans.
    • Income. You need to be earning some sort of income to be eligible for a loan. Some lenders may have a minimum of how much you need to earn, but others just need to see history of your pay over the previous three months. If you receive welfare payments, you can still get a loan. Keep in mind there may be restrictions you need to meet, such as your loan repayments not exceeding more than 50% of your welfare income.
    • Age. You must be at least 18 years old (varies by state).
    • Credit history. You could still get a loan with bad credit, even if you’ve filed for bankruptcy.

    What loan options do you have to borrow $3,000?

    Here are some ways to get a loan you may not have considered.

    • Bad credit payday loans. If you have bad credit, you can still apply for a $3,000 loan. Lenders who offer bad credit loans may still look at your credit history, but they focus more on your current financial situation and your ability to repay. Keep in mind that these loans tend to come with high interest rates and fees.
    • Bad credit installment loans. If you don’t think you’ll be able to repay a loan in one lump sum, consider an installment loan. These are paid over the course of months, and while they have higher fees that other types of loans, you will still be able to apply even if you have bad credit.
    • Auto title loans. If you don’t make payments for your car, you may qualify for an auto title loan. These are secured loans because they require your car as collateral, but they will allow you to borrow money based on how much your car is worth.
    • Secured personal loans. A secured personal loan requires you to provide some form of collateral (which could come in the form of equity in your home, a term deposit, or a vehicle) and offers a competitive interest rate. Repayment terms can be several years, and the interest rate can be variable or fixed.

    How to narrow down your options

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

    1. How quickly do you need the money? The purpose of the loan may help you narrow down your search. For example, you need the money to cover an emergency, like a bill that is due the next day, find a lender who can get money to you as soon as possible.
    2. What repayments can you afford? The interest rate and fees you’re paying will affect your repayments, as will the terms you select for your loan. For instance, a loan with shorter terms will save you from paying extra interest, but your repayments will be much higher. Payday loans are for shorter terms, usually not longer than four months. After you work out your budget, you can use a personal loan calculator to see what your repayments will be.
    3. Do you have bad credit? Good and bad credit borrowers will have different options available to them. If you have good credit, you can consider a traditional bank or credit union for a low limit credit card, overdraft or small personal loan. If you have bad credit, you’re likely to have limited options.
    4. Are you employed? Lenders have eligibility criteria in regards to how you need to be employed and how much you have to earn. Keep in mind there are still loan options available if you’re receiving welfare payments as income. If you’re between jobs, you still may be eligible for a loan as well. Check the eligibility criteria of each lender before you apply.
    5. How much does the loan cost? The actual amount you pay will likely depend on your loan term. For example, you may pay less for a $3,000 loan over 6 months than you would over a year because there will be more interest charges applied. Lenders have different financing fees and limits on terms depending on state law. Be sure to consider the total cost when weighing your options.

    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.

    5 factors to know when comparing $3,000 loans

    How you compare your options largely depends on whether you’re applying for a payday loan or a standard $3,000 personal loan. Below, we’ve broken down what you need to know.

    • What is the interest rate? Interest rates for payday and personal loans can vary significantly from one lender to another and usually depends on whether the loan is secured or unsecured. It’s always best to compare to know the rate is competitive.
    • What is the term of the loan? For payday loans, terms can extend up to one year. Other personal loans have terms that can last several years.
    • What are the fees and charges? Lenders may charge financing fees or monthly fees in addition to the interest rate. Both payday loan lenders and personal loan lenders can charge you late/missed payment fees and fees if you go into default. If you think you’ll have any problems repaying your loan, you may want to reconsider applying.
    • Is there repayment flexibility? Lenders that offer loans up to $3,000 normally require you to set up direct debits either from your salary or through a bank account in order to make repayments.You can generally repay the loan early without penalty, but fixed rate loans, on the other hand, may come with an early repayment penalty.
    • What is the reputation of the lender? Given that the Internet has given rise to a number of online lenders, finding out a little about the lender in question can be a good place to start before you apply. Make sure you go through the terms and conditions of any loan offering very carefully.

    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. On each loan review page, you’ll find a list of eligibility criteria you need to meet in order to be approved for the loan. Take some time to go through these before applying. If you have doubts about any part, you can always call the lender.
    • Go through your credit report. It’s a good idea to get a free copy of your credit report online before you apply. 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. Every time you apply for a loan, it counts as an inquiry on your credit report. Submitting too many applications can negatively affect your credit score. If you want to compare your options without going through the hassle of applying to multiple lenders, try a lender-matching service instead.
    • Factor repayments into your budget. It’s important that you have a fair idea of what your repayments will look like before you apply for your $3,000 loan. Once you know how much you have to repay, take into account your existing salary and expenses and then determine if you can afford to make the repayments. You can use a loan calculator to find out how much you might have to repay weekly, biweekly, or monthly.

    Mistakes to avoid

    • Avoid taking out a loan you’re certain you won’t be able to repay on time. Consider a smaller loan for just the amount you need urgently.
    • 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.

    Looking for a different type of loan?

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    Frequently asked questions about $3,000 loans

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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??

      • finder 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.


    US Payday Loans Offers

    Important Information*
    Slam Dunk Loans

    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

    Installment loans with competitive rates from a top-rated direct lender.

    Go to site