Top 5 Best Loan Services To Borrow Cash Online With Bad Credit


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Whether you are looking to pay a medical bill, repair your car, consolidate credit card debt, or even take a vacation, there are times when you may not have enough money to pay for an expense that you need to deal with. In such situations, being able to take out a loan can be a great option, but if you have bad credit, it can be difficult to secure approval.

Luckily, you can get online quick loans from CocoLoan and other similar loan services, even if your credit score is less-than-stellar. So, we’ve rounded up five different borrowing options that you can consider today, along with the benefits and drawbacks of each. This should hopefully make it easier for you to narrow down the ideal lending service to use for your financial situation.

Let’s get started!

  1. CocoLoan – Has the highest approval rates for online loans
  2. WeLoans – Offers access to the largest online lender networks
  3. HonestLoans – Competitive lending rates and terms for small loans
  4. UnityLoan – Fast loan processing times
  5. US Installment Loans – Multiple loan products available

1. CocoLoan


The main reason that CocoLoan is at the top of this list is due to the fact that it has some of the highest loan approval rates in the market, with many of its partner lenders open to accepting borrowers with bad credit. 

Borrowers can typically apply for funding of up to $35,000 with their partner lenders, who only carry out soft credit checks on all initial loan requests. This means that you don’t have to worry about your credit score being negatively affected by simply wanting to explore your lending options.

The online platform is also designed to be extremely user-friendly with borrowers being able to submit an online application and receive a decision on their loan application within minutes. 

It also allows you to easily compare loan offers from multiple lenders, so you can obtain title loans by visiting this link and also expect your funds to be deposited as soon as the next business day.

The site also uses bank-level encryption, so you can rest assured that your personal and financial information will remain secure and confidential.


  • High approval rates
  • Soft credit checks
  • High-end data security


  • High-interest rates

2. WeLoans


WeLoans takes the second spot on the list because it has one of the largest online lending networks. With over 100+ lenders that you can potentially be matched with, the chances of securing a loan via WeLoans’ lending network, even with bad credit, is high.

Furthermore, the service is also completely free-to-use with borrowers able to access funding as high as $35,000, with all funds processed within 24 hours after approval. Also, since the lending service vets all the lenders within their network, you can rest assured that any lenders you are matched with will only offer fair and reasonable rates and terms.

Aside from that, it doesn’t take much to qualify for a loan either, as all you need is to be over the age of 18, be a US citizen, and have a valid checking account. Plus, the company also allows borrowers to apply for a loan at any time of day or night, even after normal business hours. 


  • Extensive lending network
  • Vetted lenders
  • Accessible 24/7


  • High late payment fees

3. HonestLoans


When it comes to securing competitive loan rates and terms, Honest Loans is a good place to turn to, especially if you need a small cash loan. The company has a loan network of over 80+ lenders, most of whom provide loans of up to a maximum of $5,000.

There are also no hidden fees or costs to using the lending site, and their partner lenders are open to accommodating bad credit borrowers as well. On top of that, the company has a strict privacy policy, which means that any information you submit on their platform will never be sold to or shared with anyone other than the loan providers in their network.

The site is also fairly easy and straightforward to navigate, which means that even first-time borrowers should be able to apply for a loan without much difficulty.


  • Competitive loan rates and terms
  • Strict privacy policy


  • Low loan limits

4. UnityLoan


UnityLoan is an ideal option for borrowers that are in urgent need of funding, as the platform boasts some of the fastest loan processing times in the market. You can apply for loans up to a maximum of $5,000, with all approved funds deposited into your account in as little as 24 hours.

They also don’t have any strict eligibility requirements, which means that their partner lenders are open to funding borrowers of all credit types. As such, you can feel free to apply for a loan, no matter how good or bad your credit score is. 

Also, given the fact that all the loans on offer are unsecured, this means that you don’t have to put up any collateral, either. However, do keep in mind that the loan amount you end up qualifying for may sometimes vary depending on your credit score and monthly income level.

In other words, your earning power can potentially affect how much money you are able to successfully borrow from your lenders.


  • Fast loan processing
  • Open to borrowers with bad credit


  • Low loan limits
  • Not available in certain states

5. US Installment Loans


US Installment Loans can be a great option to consider if you want to explore a wide variety of loan products. Some of the types of loans that are available via the platform include payday loans, bad credit loans, installment loans, personal loans, and more. 

As a result, it is very easy for any borrower to secure a line of credit that suits their current budget and specific needs. In terms of loan amounts, borrowers can apply for cash loans of up to $35,000, with loan decisions and even disbursals being swiftly carried out within 24 hours or less.

The service is also open to those with bad credit, with the added benefit that their partner lenders are willing to provide flexible loan rates and terms. The site is also 100% free to use and does not require you to put up any collateral, either.

In addition, US Installment Loans also has an extensive network of lenders that are based across multiple states, so you can feel free to apply for a loan no matter where you live.


  • Multiple loan products
  • Flexible loan rates and terms
  • Available across numerous states


  • No guarantee of loan approval


It doesn’t matter if you need funding to consolidate debt or finance a big purchase; any one of the lending sites on this list can instantly connect you to a suitable lender. They are also entirely trustworthy and since they are all free to use, this means that you don’t have to worry about being scammed. 

However, it is important for us to point out that you should always take the time to carefully review the lending rates and terms being offered before you sign any loan agreement. This will ensure that you don’t take on a loan that you can’t afford, as this can lead you to get stuck in a cycle of bad debt.

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