Viva Finance stands out from the competition by offering fixed-rate personal loans of up to $10,000, with an approval process that considers employment status rather than solely relying on credit scores. By focusing on employment status, Viva Finance offers opportunities to people who may have a harder time qualifying with traditional lenders.
Despite these benefits, some customers raise concerns about a lack of transparency and high interest rates, which have led to feelings of being trapped in a cycle of debt. As a result, some borrowers may be more comfortable working with a lender that prioritizes transparency and offers more competitive rates.
Like Viva Finance, OneMain has no set credit score requirement, making it ideal for bad credit borrowers. It offers secured and unsecured loans, and accepts cosigners to help you qualify and get a lower rate. While its APRs start at 18%, it caps rates at 35.99% – cheaper than a payday lender.
You can either apply online or at a branch if there's one near you, and have funds as soon as the same day. But as a bad credit lender, you'll pay higher interest rates than what other lenders may charge, and an origination fee will apply to your loan.
Min. credit score
Not specified
APR
18% to 35.99%
Loan amount
$1,500 to $20,000
Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont
Like Viva Finance, OneMain has no set credit score requirement, making it ideal for bad credit borrowers. It offers secured and unsecured loans, and accepts cosigners to help you qualify and get a lower rate. While its APRs start at 18%, it caps rates at 35.99% – cheaper than a payday lender.
You can either apply online or at a branch if there's one near you, and have funds as soon as the same day. But as a bad credit lender, you'll pay higher interest rates than what other lenders may charge, and an origination fee will apply to your loan.
Pros
Good customer reviews
Options to help you qualify
No set minimum credit score requirement
Cons
Origination fee on all loans
APRs start at a high 18%
Late fee of $5 to $30 or 1.5% to 15%
Loan amount
$1,500 to $20,000
APR
18% to 35.99%
Interest Rate Type
Fixed
Min. credit score
Not specified
Turnaround Time
As soon as one hour
Loan Term
24, 36, 48 or 60 months
* OneMain Disclosures:
Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.
Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.
Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.
Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.
Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.
Achieve (formally FreedomPlus) accepts credit scores as low as 620, making it best for fair credit borrowers. It offers joint applications and a rate discount if you apply with a creditworthy coborrower. There's also a discount if you're using the loan to consolidate other debts.
Rates range start at relatively low 8.99% APR and you can prequalify online to see your potential rate without impacting your credit score. But like other lenders that cater to bad and fair credit borrowers, including Viva Finance, it charges an origination fee on its loans.
Min. credit score
620
APR
8.99% to 29.99%
Loan amount
$5,000 to $50,000
Available in: Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington
Achieve (formally FreedomPlus) accepts credit scores as low as 620, making it best for fair credit borrowers. It offers joint applications and a rate discount if you apply with a creditworthy coborrower. There's also a discount if you're using the loan to consolidate other debts.
Rates range start at relatively low 8.99% APR and you can prequalify online to see your potential rate without impacting your credit score. But like other lenders that cater to bad and fair credit borrowers, including Viva Finance, it charges an origination fee on its loans.
If you have good to excellent credit, LightStream is one of the best personal loans available. It offers competitive rates, with no origination fees or prepayment penalties. It also has an autopay discount of up to 0.5% if you set this up before funding.
And it will beat any competitor's rate by 0.1% with its Rate Beat program, as long as the offer meets specific criteria. But there's no soft-credit-check preapproval process — so expect your credit score to drop slightly after you apply.
Min. credit score
Good to excellent credit
APR
6.94% to 25.79%
Loan amount
$5,000 to $100,000
Not available in: Iowa, West Virginia
If you have good to excellent credit, LightStream is one of the best personal loans available. It offers competitive rates, with no origination fees or prepayment penalties. It also has an autopay discount of up to 0.5% if you set this up before funding.
And it will beat any competitor's rate by 0.1% with its Rate Beat program, as long as the offer meets specific criteria. But there's no soft-credit-check preapproval process — so expect your credit score to drop slightly after you apply.
Pros
No origination fee
Long loan terms for low payments
Choose your funding date
Cons
No preapproval process
No customer service phone number
Need good to excellent credit to qualify
Loan amount
$5,000 to $100,000
APR
6.94% to 25.79%
Interest Rate Type
Fixed
Min. credit score
Good to excellent credit
Turnaround Time
As soon as same day
Loan Term
24 to 240 months
Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Lowest rates require excellent credit. At least 27% of approved applicants applying for the lowest rate qualified for the lowest rate available based on data from 10/01/2024 to 12/31/2024. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.
Payment example: Monthly payments for a $25,000 loan at 6.49% APR with a term of 3 years would result in 36 monthly payments of $766.11.
Maximum APR for a LightStream loan is 25.79%. Loan terms range from 24 - 240 months depending on the loan type.
Upstart is a holistic fintech lender that accepts credit scores as low as 300 – and unlike other lenders, factors in criteria like your and education and new job offers when making a decision. This makes it a good choice for college graduates who may be new to credit or employment.
But it charges an origination fee of up to 12%, and its application asks for more information that you might otherwise give a lender, like your SAT score. But it reports your payments to the three major credit bureaus, helping you build your credit score.
Min. credit score
300
APR
6.7% to 35.99%
Loan amount
$1,000 to $50,000
Not available in: Connecticut, Iowa, Maine, Maryland, Nevada, New York, Oklahoma, Oregon, West Virginia
Upstart is a holistic fintech lender that accepts credit scores as low as 300 – and unlike other lenders, factors in criteria like your and education and new job offers when making a decision. This makes it a good choice for college graduates who may be new to credit or employment.
But it charges an origination fee of up to 12%, and its application asks for more information that you might otherwise give a lender, like your SAT score. But it reports your payments to the three major credit bureaus, helping you build your credit score.
MoneyLion offers a free service designed to connect you with leading lenders, helping you secure a personal loan that meets your unique needs—whether you're planning home improvements, consolidating debt, or handling an unexpected cost. Loan amounts range from $500 to $100,000, with eligibility based on factors such as your credit score and income. MoneyLion claims it also works with borrowers with less-than-stellar credit, so even if your credit score isn't at its best, you may still find options.
The process starts with a fast, easy online application that doesn't affect your credit score. Once submitted, you'll be matched with several loan options tailored to your situation, allowing you to compare interest rates, terms, and monthly payments.
Though many customers leave positive reviews on Trustpilot and BBB, the company has also received a BBB alert due to recurring complaints.
Min. credit score
Varies by lender
APR
Varies by lender
Loan amount
$500 to $100,000
Not available in: Colorado, Connecticut, New York, Vermont, West Virginia
MoneyLion offers a free service designed to connect you with leading lenders, helping you secure a personal loan that meets your unique needs—whether you're planning home improvements, consolidating debt, or handling an unexpected cost. Loan amounts range from $500 to $100,000, with eligibility based on factors such as your credit score and income. MoneyLion claims it also works with borrowers with less-than-stellar credit, so even if your credit score isn't at its best, you may still find options.
The process starts with a fast, easy online application that doesn't affect your credit score. Once submitted, you'll be matched with several loan options tailored to your situation, allowing you to compare interest rates, terms, and monthly payments.
Though many customers leave positive reviews on Trustpilot and BBB, the company has also received a BBB alert due to recurring complaints.
Pros
Compare lenders without affecting your credit score
OppLoans is a highly rated installment lender that doesn't check your credit when you apply — but APRs typically range between 160% and 195%. Although high, it's still typically lower than other installment and payday loans when you need quick, emergency cash.
The company is known for its customer service and reports your repayments to the three major credit bureaus, which can help boost your credit score. However, the short terms of 9 to 18 months may lead to high payments for some borrowers.
Min. credit score
Bad credit accepted
APR
160% to 195%
Loan amount
$500 to $4,000
Available in: Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Hawaii, Idaho, Indiana, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming
OppLoans is a highly rated installment lender that doesn't check your credit when you apply — but APRs typically range between 160% and 195%. Although high, it's still typically lower than other installment and payday loans when you need quick, emergency cash.
The company is known for its customer service and reports your repayments to the three major credit bureaus, which can help boost your credit score. However, the short terms of 9 to 18 months may lead to high payments for some borrowers.
EarnIn lets you borrow $150 a day — or more with an EarnIn Card — up to $750 of the money you've earned each pay period, with no interest or mandatory tipping. With EarnIn, your advance amount depends on the hours you've worked, which you can verify in a few ways.
While there's no membership fee to use EarnIn, you need to provide a work schedule, a work email address or GPS earnings so EarnIn can view what you've made. Normal transfer times are as quick as one to three business days or within minutes if you use EarnIn's Lightning Speed service — which costs up to $5.99 per transfer.
Loan amount
Up to $750
Turnaround time
1 to 3 business days or within minutes for a fee starting at $2.99 per transfer
Costs
Free to use or within minutes with a fee as low as $2.99 per transfer
Not available in: Connecticut
EarnIn lets you borrow $150 a day — or more with an EarnIn Card — up to $750 of the money you've earned each pay period, with no interest or mandatory tipping. With EarnIn, your advance amount depends on the hours you've worked, which you can verify in a few ways.
While there's no membership fee to use EarnIn, you need to provide a work schedule, a work email address or GPS earnings so EarnIn can view what you've made. Normal transfer times are as quick as one to three business days or within minutes if you use EarnIn's Lightning Speed service — which costs up to $5.99 per transfer.
Pros
Higher advance limit than other apps
Lightning Speed transfer fees are lower than some other apps
No specific employer requirements
Cons
Cash advance limited to the hours already worked
Must upload a work schedule to show your hours
APR
0%
Loan amount
Up to $150/day, with a max of $750 between paydays
Loan Term
1 to 4 weeks
Turnaround time
1 to 3 business days or within minutes for a fee starting at $2.99 per transfer
EarnIn is not a bank. Access limits are based on your earnings and risk factors. Available in select states. Terms and restrictions apply. Visit EarnIn.com for full details. Expedited transfers available for a fee. Visit Earnin.com for full details.
Loan amount
Up to $750
Turnaround time
1 to 3 business days or within minutes for a fee starting at $2.99 per transfer
Costs
Free to use or within minutes with a fee as low as $2.99 per transfer
Viva Finance stands out amongst its competitors for offering loans up to $10,000 underwritten primarily based on employment information rather than only credit history. This may make it easier to get a loan with Viva Finance than traditional lenders.
However, Viva Finance may have limitations in terms of loan amounts, depending on your credit profile and recurring income.
Pros
Secure up to $10,000
May receive funds next business day
Repayment period of 5–24 months
Cons
Approval based on employment history
Only one loan at a time
Alternatives to cash advances and installment loans
If you’d rather skip installment loans and cash advance apps altogether, here are a few alternatives to consider.
Paycheck Advance from Employer. Some employers offer paycheck advances or short-term loans to employees. This allows you to access a portion of your earned wages before the regular payday without the high costs associated with payday loans.
Loans from CDFIs. Community development financial institutions offer small-dollar loans to their members, which have lower interest rates than some installment loans on the market. However, you may need a minimum credit score of 640 or higher.
Negotiate with Your Creditors. A conversation with your creditors may result in having a more lenient repayment plan similar to many installment loans on the market. Call your creditors to find out if you can lower your interest rates and extend your repayment horizons.
Dhara Singh was a freelance personal finance writer at Finder specializing in loans. Formerly she was a top 10 journalist at Yahoo Finance with more than 38+ million content views where she covered retirement and mortgages. She has also written for Bankrate, and CNET and continues to write for a variety of outlets, such as Investopedia and Worth magazine. Her articles focus on equipping readers with the right information and data so they can make the most informed decisions related to their finances.
Dhara previously worked as an insights analyst for Finder’s PR team, where she started the Deadliest Cities to Drive series in 2018, connecting interesting data analysis to a suite of car insurance products. When she’s not writing, Dhara coaches small business owners through her Stories to Sales programs and empowers them to use their life experiences to help other people. She has also self-published a poetry book on Amazon called Tell her She’s Lovely.
Dhara holds a B.S. in Finance and Supply Chain Management from Rutgers University and a M.S. in Journalism from Columbia University. See full bio
A review of Pennie Financial, a company that appears to be a personal loans marketplace but likely shares your information with debt settlement partners.
Loan and grant opportunities for people with a felony, what you need to qualify for loans and other resources for people who were formerly incarcerated.
Compare interest rates and loan terms of multiple providers to find the best offer for you.
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