5 Best Personal Loan Apps for Low Credit Scores

Having a low credit score can be frustrating when you need financial assistance, especially when unexpected expenses arise. However, thanks to the digital age, there are now several personal loan apps that cater specifically to individuals with low credit scores. These apps provide a convenient and accessible way to borrow money quickly and efficiently. In this article, we will explore some of the best personal loan apps available for individuals with low credit scores.

1. MoneyLion:

MoneyLion is a popular personal loan app that offers loans to individuals with low credit scores. They have a unique credit-building feature called the Credit Builder Plus membership, which not only provides access to loans but also helps improve your credit score over time. MoneyLion offers competitive interest rates and flexible repayment terms, making it an excellent choice for those looking to rebuild their credit.

2. Brigit:

Brigit is a personal loan app specifically designed to help individuals with low credit scores manage their finances. It offers interest-free cash advances of up to $250 to cover unexpected expenses, thus preventing overdraft fees. Brigit also provides budgeting tools, spending insights, and personalized financial recommendations to help users improve their financial situation.

3. Possible Finance:

Possible Finance is an app that provides small, short-term loans to individuals with low credit scores. They aim to make borrowing more affordable and transparent by offering installment loans with manageable repayment terms. Possible Finance also reports loan payments to credit bureaus, helping users build their credit history over time.

4. Avant:

Avant is a personal loan app known for its flexibility and accessibility. They offer loans to individuals with credit scores as low as 580, making it a great option for those with less-than-perfect credit. Avant provides competitive interest rates and allows users to customize their loan terms to fit their specific needs. Additionally, they have a user-friendly app interface and excellent customer service.

5. Earnin:

Earnin is a personal loan app that provides access to your earned wages before your payday. It is an excellent alternative to traditional payday loans, as it does not charge interest or fees. Earnin allows users to withdraw up to $100 per day, depending on their earnings. The app also offers financial wellness programs and tools to help users manage their money better.


Having a low credit score should not prevent you from accessing the financial assistance you need. The personal loan apps mentioned above provide a lifeline for individuals with low credit scores, offering quick and convenient borrowing options. Remember to compare interest rates, repayment terms, and additional features to find the best app that suits your needs. By responsibly using these apps, you can not only address your immediate financial needs but also work towards improving your credit score in the long run.