Personal loans for bad credit
A low score narrows your options, but it does not close them. Lendora looks at income stability and recent payment behavior alongside the score, so borrowers in our Building tier still get a fixed rate, a fixed payment, and a definite payoff date.
What counts as bad credit?
Scores below 640 are generally treated as bad or building credit. At Lendora that tier carries fixed APRs of 25.00% to 29.99% on terms of 12 to 36 months, with no application, origination, or prepayment fees at any tier.
See every rate tier →How to improve your odds of approval
Check your rate first
A soft pull shows your real fixed APR and monthly payment before you commit to anything. Nothing about it touches your score.
Borrow only what the budget supports
A smaller loan over a shorter term is far easier to approve and cheaper overall. Use the calculator to find a payment you can cover every month without strain.
Bring clean documentation
A government ID plus two months of bank statements in the exact name on your application. Name mismatches are the single most common cause of review delays.
Show stable income
Regular deposits from the same source across two months does more for a thin or damaged credit file than the score alone.
Common questions
What credit score do I need for a Lendora loan?
There is no hard cutoff. Borrowers below 640 fall into our Building tier, with fixed APRs from 25.00% to 29.99% and terms of 12 to 36 months. Income stability and payment history matter as much as the score itself.
Will checking my rate lower my score?
No. Checking your rate is a soft credit pull with no impact on your score. A hard inquiry only happens if you accept an offer.
Can I get approved with a recent late payment?
Often yes. A single late payment is rarely disqualifying on its own. Consistent recent deposits and a debt-to-income ratio under roughly 45% carry significant weight in the decision.
How fast is funding for bad credit loans?
The same as any other Lendora loan — most approved applications are funded within one business day of accepting the offer.
All loans are subject to credit approval and applicable state law. Rates shown are representative ranges; your actual rate, payment, and total cost are disclosed before you accept an offer.