This minimum credit score range is favorable versus the competition
- APR Range: 9.99% to % (no autopay discount)
- Minimum Credit Score: 580
- Loan Amounts: $2,000 to $36,500
LendingPoint is an online-only lender that uses AI and data-driven decision-making to approve its loans, meaning it might approve applicants for personal loans even if they have credit scores as low as 580.
As an online-only lender, LendingPoint relies on data and artificial intelligence (AI) to make loan decisions. For this reason, it might approve applicants with credit scores as low as 580, a low credit score requirement compared to much of the competition. Plus, you can see if you’ll qualify for a personal loan without hurting your credit, as LendingPoint only pulls a hard credit check if you decide to proceed with the loan.
LendingPoint offers loans ranging from $2,000 to $36,500, with repayment terms of 24 to 60 months and funding as fast as the next business day after you’re approved. You can expect to pay an APR of 9.99% to % (inclusive of a 0% to 6% origination fee).
Its personal loans are available to the residents of most U.S. states, excluding Nevada and West Virginia, as well as to residents of the District of Columbia.
Best for Small Loans : Avant
- APR Range: 9.95% to % (no autopay discount)
- Minimum Credit Score: 580
- Loan Amounts: $2,000 to $35,000
Not only is Avant an online lender specializing in small loans of $2,000 to $35,000 but it might approve applicants with credit scores as low as 580. It also offers loan funding as quickly as one business day.
Avant may approve borrowers with credit scores as low as 580 for loans of $2,000 to $35,000 with repayment terms of 24 to 60 months. It also offers funding in as soon as one business day, which is fast relative to the competition. https://www.paydayloanstennessee.com/ While its APR range of 9.95% to % (inclusive of an origination fee of up to 4.75%) is high, its loans are available to eligible borrowers with bad credit, something that many lenders don’t offer.