Have bad credit? Some alternative lenders work with borrowers in your situation. However, expect higher rates than what you’d find from banks, and be cautious of any lender that promises “guaranteed approval,” as responsible lenders will always review your finances first to ensure you can repay the loan.
The lenders below have more flexible requirements, making approval much more likely.
These providers have lenient eligibility requirements and accept poor credit borrowers.
| Lender | Cost | Loan amount | Loan term | |
|---|---|---|---|---|
Cash Advance |
0% + monthly fee from $2 | $20 – $500 | Flexible | |
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+ Get a $75 digital Visa Card when you open and fund a KOHO account online through Finder. Become a Finder Member in seconds for free to claim your reward. Offer ends at 2:00 PM EST on October 30, 2026. T&Cs apply. |
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Personal Loan |
8.99% - 35.00% | $500 – $60,000 | 3 - 120 months | Go to site |
Personal Loan |
9.99% - 35.00% | $500 – $50,000 | 3 - 60 months | Go to site |
Credit Line |
0% | $30 – $250 | 31 days, extendable | Go to site |
Cash Advance |
0% | $20 – $750 | Next pay cycle (90 days max) | Go to site |
| Licensed payday lender | Interest rate | Loan amount | Loan term | |
|---|---|---|---|---|
Payday Loan |
$14 per $100 borrowed | $100 – $1,500 | 7 – 62 days | Go to site |
Loans you can get online that are higher risk because of their easy criteria and steep interest rates include payday loans, cash advance apps, car title loans, installment loans and secured credit cards. Most of these are very expensive loans, so be sure to compare your options.
To lower your cost, you can consider cash advance apps Bree and Nyble, which offer 0% interest and no mandatory fees.
You can get instant 24/7 funding with bad credit from the following providers:
Please note that iCash also provides 24/7 instant funds to people with bad credit, but it’s a payday loan, which is only suitable as a last resort.
No. Payday loans are one of the easiest loans to get, making them almost guaranteed, but lenders still need to review your finances before approving. Some use software to automate the process and give instant approval 24/7.
To increase your chances, you’ll need the following:
This is a fairly new product in Canada, so there are only a few providers available, such as Nyble and Bree. These lenders have easy requirements and can approve bad credit as long as you have a recurring income. KOHO even advertises guaranteed approval at the time of writing through its KOHO Cover.
To increase your chances, you’ll need the following:
Loan providers that offer nearly guaranteed installment loans are those that offer installment loans with loan terms shorter than six months.
These short-term loans have lower loan amounts, usually up to $1,000. They are payday loan alternatives and are easier to get approved for than installment loans with longer loan terms and higher loan amounts. However, watch out for an extra fee that lenders bake into your loan payments—they may call this a “surety fee,” “administration fee” or “brokerage fee.” This fee can be up to $300, and it’s the cost that comes with easy short-term loans with no credit check.
To increase your chances, you’ll need the following:
There are some car title loan lenders that guarantee approval on their loans as long as your car meets their requirements. Usually, the lender will ask you to drive to one of their agents near you for an appraisal, or one of their agents will come to you. Approval is based on your car, so it’s possible to get approved even if you have a poor credit score and low income.
To increase your chances, you’ll need the following:
There are legitimate providers of this type of card that advertise guaranteed approval, such as Capital One and Neo Financial. You can get approved as long as you pay a security deposit and present a source of income. If you use your card but don’t make on-time payments, your provider can take your deposit.
To increase your chances, you’ll need the following:
No credit check personal loans with guaranteed approval don’t exist. As mentioned above, lenders must assess your ability to repay before approving your application. Any company that promises guaranteed approval is likely running a scam, so it’s best to steer clear.
That said, KOHO—a legitimate lender—is currently advertising “guaranteed approval” and “no credit check” on its cash advance product. Learn more about KOHO’s cash advance.
Remember the following tips to help you find a reputable lender:
It’s worth considering all your alternatives before taking out a new expensive loan. Options include the following:
To make comparing even easier, we came up with the Finder Score. Interest rates, fees and features across 40+ personal loans are all weighted and scaled to produce a score out of 10. The higher the score the better the loan—simple.
To make comparing even easier, we came up with the Finder Score. Interest rates, fees and features across 5+ cash advance providers are all weighted and scaled to produce a score out of 10. The higher the score the better the loan—simple.
Loans with 100% approval for poor credit sound too good to be true, and they usually are. Steer clear of any lender that promises guaranteed loan approval, and consider the almost guaranteed approval alternatives listed above. Make sure to compare a range of loan options, and make sure you can afford to repay what you borrow before you apply.
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