Bad Credit Loans With Guaranteed Approval – Apply Today


If you want a bad credit loan with guaranteed approval, Capital Bean offers $100 to $35,000 that can be repaid from 1 to 60 months. Check your eligibility in less than 5 minutes using our free online form today.

Representative Example:
On an assumed loan amount of $500 over 3 months at 400% APR. The total repayable amount is $864.87 (3 monthly payments of $288.29).

How Can I Apply For A Loan With Bad Credit?

Step 1 
Apply Online

Use our 100% free online form to apply in less than 5 minutes.

Step 2 
Instant Decision

You will receive an instant decision on screen from one of our lending partners who will offer the best rates.

Step 3
Receive Money

You have already provided your bank account details so within 1 hour, the same day or the next business day you will get your funds.

What Is A Bad Credit Loan?

A bad credit loan enables those with a poor or very bad credit score to borrow money. These loans will usually have higher interest rates than other loans to reduce the risk of borrowers not making repayments.

Typically, your credit score determines whether or not you can receive a loan, with bad credit making you less likely to qualify successfully; however, there are a growing number of lenders willing to provide loans for those with a bad credit history.

If you have a poor or less-than-perfect credit score, it does not mean that you are ineligible to apply for a loan, even if you have been declined in the past or have defaulted on prior loans. However, you may be subject to different loan terms or interest rates. You may also be required to secure the loan using collateral, for example, having to take out a title loan or car loan.

How Much Does A Bad Credit Loan Cost?

The cost of a bad credit loan will depend on the lender and your financial profile. Typically, bad credit loans come with high APR, with the average title loan or payday loan product charging an interest rate of between 300-600% APR.

The APR calculates interest as an annual rate, as if the product were to last for the entire year. However, these loan products tend only to be short-term, lasting just a few weeks or months.

How Do I Know If I Have Bad Credit?

If your credit report shows defaulted payments, heavy debt or negative repayment histories, this demonstrates risky borrowing behavior and could mean that you have a very bad credit score; however, credit scores are based on a combination of factors.

Information from credit reference bureaus like Equifax, Experian, and Transunion can help you if you think you have a bad credit score. This is a paid service but you can request a free trial which will tell you your credit score.

Am I Eligible For A Bad Credit Loan?

You must meet the following requirements to get a bad credit loan:

  • A U.S citizen
  • 18 years or older
  • Minimum monthly income of $800
  • Have a cell phone
  • Able to afford monthly repayments
  • We consider bad credit histories
  • Have an open checking account to receive your money

Can I Use My Loan For Emergencies?

Yes – you can get instant approval for a bad credit loan and you can use them on emergencies. We know that unexpected expenses will happen – whether you need money to fix your car, a loan to pay for hospital bills, or just to help you pay off your bills – then we can help. If you need $500, $750 or even $2,000 we can get you an emergency loan to help you through to the next payday.

As humans we will always try to save money if we need it in an emergency, but sometimes it is those unexpected bills that throw you off and means you need extra money. It’s called an emergency because it is exactly that, unexpected! If you knew it was coming it wouldn’t be an emergency. Let Capital Bean get you the money you need to get you back on your feet.

Even if you have bad credit we can match you with lenders that can help. We will match you with someone who works with all types of credit and even considers very bad credit applications. When it is an emergency loan we know that you’ll need speedy cash and that is why our application only takes 5 minutes. And you can sometimes get the money in your bank account the very next day.

Can I Get A Loan With Very Bad Credit?

Yes – you can still get a loan even if you have a very bad credit score. At Capital Bean we work with specialist lenders that consider all credit scores. These lenders can help you take out a loan of up to $5,000 even if you have a bad credit score, taking into account other factors such as employment status, income, living status and the purpose of your loan.

Bad credit loan companies are used to working with struggling financial profiles so tend to be more lenient about the requirements. Regardless of whether you have had missed payments in the past, if your current situation is stable (for example you have a steady income and commit to repaying your loan), they are likely to consider your application.

How Can I Get A Fast Loan With Bad Credit?

It is possible to get a quick loan and it depends on a number of factors. Many bad credit loan companies can offer same-day loans and a 100% online application. This means that often, in just 24 hours, you can apply, be approved and receive funds.

Usually, smaller amounts are faster to be funded and can be done in as little as 1 hour, depending on the company. Often larger amounts such as $1,000 or $2,000 will need longer to process as the lender may need to check that your income information is correct before approving funds.

If your bad credit loan is a secured loan, the lender will need to check the details of your collateral which may delay the process by a day or two.

What Types Of Bad Credit Loans Are There?

There are a few options available for borrowers with bad credit including:

Are Bad Credit Loans Legal?

Yes – in most US states bad credit loans are legal. Some states, however, have laws against payday loans or strict regulations in place. Check out our state pages for more advice and information specific to your location. Make sure you are aware of payday laws and acts where you live before applying.

What Alternatives Are There For Bad Credit Loans?

If you have bad credit and are worried about taking out a bad credit loan, there are many alternatives available.


If you do have any savings available, using them may be a more sensible option than taking out a high-interest loan. Although your savings may be gaining interest, this is likely to be less than you would pay on a loan. Therefore, this is likely to be a cheaper option and save you money in the long run.

Borrow From Friends Or Family

Opting to borrow from friends or family will mean that you avoid the expensive interest charges associated with taking out a bad credit loan. Also it will not impact your credit score. If you do choose to borrow money, make sure that all parties are clear on the repayment, namely how much you will be borrowing and when you will be paying it back.

Talk To Your Employer

If you need short-term funds, it may be possible to ask your boss to advance your wages. Many companies are able to do this and it would mean that you would not have to take out a high-interest loan. There is no need to make a repayment on these advances as it is money that you have already earned and comes directly out of your wages.

Consider A Guarantor Loan

Using a relative or friend with good credit to act as a guarantor on your loan will mean you are more likely to be approved. If you default the loan repayment, it will mean that the guarantor has to pay so it is worth understanding the risks before entering into this type of agreement.

Credit Unions

Credit unions provide loans and funding for those who need financial assistance. You will need to be a member of the union but the membership fee tends to be small. Unlike banks, credit unions often offer personalized services and can provide more options for those with a poor credit history.

FAQs for Bad Credit Loan

What’s The Most I Can Borrow?

Loan amounts for bad credit range from $100 to $35,000.

If I Have Bad Credit Can I Still Get A Loan?

Yes – Capital Bean works with a wide range of people with different credit histories. This also includes those that have a bad credit history or score.

How Long Can I Borrow A Loan For?

At Capital Bean you can borrow to be repaid over a maximum period of 5 years. Some of our shortest loans are repaid in 2 weeks depending on the amount.

Is Capital Bean A Lender?

Capital Bean is a broker, meaning that we will not pay you the funds directly but instead work with our panel of lenders to get you the best possible rate. We will pass your details on to the lender that is best suited to your circumstances. This means the best interest rates and best repayment terms.

Is It Free To Submit An Application?

Yes – it is free to apply with Capital Bean. There are no fees to submit a loan request via our online application service.

How Quickly Can I Get My Money?

If you’re approved you could have the funds in as little as an hour. So if you’re looking to get money through on the same day then Capital Bean could be the right partner for you.