Best Medical Loans for Bad Credit in 2025

Offering collateral can make it easier to qualify for a loan, and Best Egg accepts two different kinds of collateral. You can use your home’s permanent fixtures, like built-in cabinets and vanities, as collateral for Best Egg’s lowest rates. If you’re not a homeowner, you can use your car as collateral with an auto equity loan.

Secured loans are risky, which is why they’re easier to get. You could lose your collateral if you can’t make payments on time.

The rates and terms highlighted above apply to Best Egg’s Secured Loan + Homeowner Discount. Visit the Best Egg website for more information about getting a car equity loan.

Best Egg uses your home’s permanent fixtures as collateral, but no appraisal is needed. Instead, Best Egg will review your credit history and home equity to see if you qualify.

You must also meet the requirements below to qualify for a Best Egg loan:

• Citizenship: Be a U.S. citizen or permanent resident living in the U.S.
• Administrative: Have a personal checking account, email address and physical address
• Residency: Not live in the District of Columbia, Iowa, Vermont, West Virginia or U.S. territories
• Credit score: 580+

It can take longer for a lender to review your application when you have bad credit, but OneMain Financial is an exception. OneMain specializes in bad credit loans, and it’s possible to get your money the same day using your debit card. It’s also the only lender on this list that has brick-and-mortar branches. Getting in-person help could speed along the process if you’re having trouble with your online application.

Unlike most other lenders, OneMain may use precomputed interest. Why is this important? Paying your loan off early might not reduce your interest, since it’s already “baked” into your loan (but you could get a rebate or refund for what you overpaid).

OneMain Financial isn’t very transparent about its personal loan eligibility requirements, but it’s possible to qualify even with a credit score as low as 500. Before closing on a loan, you must provide:

• Government-issued identification (such as a driver’s license or passport)
• Proof of residence (such as a rental agreement or utility bill)
• Proof of income (such as pay stubs or tareturns)

OneMain loans are not available in Alaska, Arkansas, Connecticut, Washington, D.C., Massachusetts, Rhode Island, Vermont or in U.S. territories.

Loans from peer-to-peer lenders like Prosper are typically easier to qualify for than bank loans, which is why Prosper’s minimum credit score is so low. You can use Prosper’s highly rated mobile app to apply without sharing your contact info. Once you’ve finalized your loan, you’ll get free monthly FICO Scores on the mobile app, too.

After Prosper approves you, investors have 14 days to fund at least 70% of your loan. If they don’t, your loan listing will expire and you’ll have to try again.

To get a loan with Prosper, you must meet the following requirements:

• Age: Be 18 or older
• Administrative: Have a U.S. bank account and Social Security number
• Residency: Not live in Iowa or West Virginia
• Credit score: 600+

Lending platform Upgrade offers perks and discounts for keeping your loan and bank account under one roof. Having a Rewards Checking Plus account unlocks a 10% to 20% discount on Upgrade loans and credit cards. You can also earn up to 2% cash back when you use your Upgrade debit card for everyday purchases.

You’ll need $1,000 or more in monthly direct deposits to get all of the perks that come with Rewards Checking Plus. And like many other bad credit companies, Upgrade charges a mandatory origination fee.

To qualify for a loan through Upgrade, you must meet the requirements below:

• Age: Be at least 18 years old (19 in some states)
• Citizenship: Be a U.S. citizen, permanent resident or live in the U.S. with a valid visa
• Administrative: Have a valid bank account and email address
• Credit score: 580+

Upstart is a lending platform that uses AI to determine your creditworthiness. It looks beyond your credit score and considers other factors like your employment and education. In fact, if you’re a college student working toward at least an associate’s degree, Upstart may waive its credit score minimum. The same goes for eligible college grads. This helps it approve people that other lenders would deny.

You’ll have to qualify on your own merit, since Upstart doesn’t let you add a co-borrower to your loan. Also, the lower your credit score, the more likely it is Upstart charges you an expensive origination fee (0.00% - 12.00%).

Upstart has transparent eligibility requirements, including:

• Age: Be 18 or older
• Administrative: Have a U.S. address, personal banking account, email address and Social Security number
• Employment: Have a job or job offer that starts within six months, or have regular income
• Credit-related factors: No bankruptcies within the last three years, fewer than six inquiries on your credit report in the last six months and no current delinquencies
• Credit score: 300+ (unless you’re an eligible college student or graduate, in which case Upstart could approve you with no credit)