December 11, 2022

5 Best Loans for Bad Credit: Get Personal Loans and Installment Loans with No Credit Check and Guaranteed Approval

Personal loans and installment loans for bad credit allow borrowers with a limited credit history to obtain the funds they need. However, if you have bad or poor credit, as defined by FICO, you are unlikely to be approved for a personal loan. However, not all lenders or brokers base their decision to approve your installment loan solely on your credit score. Instead, they assess your loan repayment capacity. Here are our top 3 choices if you want to take out a personal or installment loan with no credit check and guaranteed approval:

  1. WeLoans – Best for loans for bad credit at reasonable rates? WeLoans is the right place for you
  2. CocoLoan – Use CocoLoan to Get Loans at a Great Rate for Bad Credit
  3. iPaydayLoans – Do you want a loan without a credit check? Visit iPaydayLoans to get the best deal

Below is a detailed description of these and some other loan services that can provide you with loans even if your credit history is not so perfect.


WeLoans offers loans between $50 and $5,000 quickly and efficiently without asking for bulky paperwork. The entire loan application process will be done online. To get the appropriate loan amount, you need to complete the application correctly.

Additionally, the majority of loans offered by WeLoans are payday loans for people with bad credit, often referred to as cash advance loans. Three minutes of your precious time is enough to complete the online application form by entering your financial and personal information.


  • Ensures a high level of confidentiality for customers
  • Offers instant approval and funding
  • You can benefit from emergency loans

The inconvenients

  • Not a direct lender
  • Larger loan offers are not so viable


CocoLoan can help you if you need money immediately for an emergency. They offer loans from $50 to $5,000 which can be taken out as installment loans. CocoLoan has partnered with over 100 different major lenders to provide customers with the best online installment loans for their particular needs. They help you find a better choice and deliver it to your doorstep from our network of lenders.


  • CocoLoan offers different types of loans, including personal loans and installment loans.
  • It only performs soft credit checks.
  • Instant approval and financing is available.

The inconvenients

  • You must have a good credit score if you want to take out a loan over $5,000.


iPaydayLoans stands out from the competition with a stress-free document submission process and the ability to get loans even with bad credit. They are not a direct lender but loan brokers. It also demonstrates that iPaydayLoans can connect you with reputable lenders who can provide you with an emergency loan so that you can pay your payments.

Several lenders in their network are eager to give you money based on the information you provide, and their advanced technology matches you with one of them.


  • It offers secured personal loans and installment loans.
  • The website also offers a pre-qualification option.
  • Borrowers can also choose long repayment terms.

The inconvenients

  • They charge late fees.
  • You cannot get co-signed, joint, or secured loans on iPaydayLoans.
  • They don’t offer a discount for choosing autopay.


Bad borrowers might choose USBadCreditLoans. Applying for a loan online is simple and you can find loan opportunities for borrowers with a variety of credit histories.

You could be eligible for loans of up to $35,000 for borrowers with good or bad credit history if you simply complete their application online. In this way, USBadCreditLoans offers a wide range of opportunities for people with bad credit. They offer a range of loan products, including personal loans, title loans, payday loans, and others.


  • With USBadCreditLoans, your loan amount will be transferred to your bank account on the same day of approval.
  • The whole process can be completed online without leaving the comfort of your home.
  • They keep your information secure with encryption.

The inconvenients

  • They offer loans at a higher interest rate than their competitors.

American Installment Loans

USInstallmentLoans offers bad credit loans to customers with bad credit histories who find it difficult to obtain bad credit personal loans with assured acceptance. These consumers can receive loans from reliable online lenders effortlessly and quickly.

USTitleLoans lenders assess the risks of your poor credit score before approving your loan. Personal loans, secured and unsecured loans for bad credit, small loans, payday loans for people with bad credit and small loans are all available here.


  • All types of loans are available on the platform ranging from $200 to $5,000.
  • If you have a stable payroll, you are more likely to get better loan deals.

The inconvenients

  • You cannot borrow a loan amount greater than $5,000.


In summary, installment loans are financial services that allow you to borrow a set amount of money and pay it back gradually over time. With these no credit check loans, you often get fixed interest rates and regular monthly payments, so you always know how much you owe each month and when your last payment is due.

However, depending on your credit score and the requirements you meet, you may get different interest rates. This means that if your credit rating is low, you shouldn’t expect to get the lowest and best prices.