If you have bad credit, it can be tough to get approved for a personal loan. But some lenders specialize in bad credit loans and offer a variety of terms and rates to meet different financial needs.

A personal loan is typically unsecured, repaid in installments and can be used for almost any purpose. Check your credit score and make sure a new debt payment will fit into your budget before applying.

1. Upstart

Upstart is among the most cutting-edge personal loan lenders, using artificial intelligence to underwrite borrowers and taking into account factors such as education and career. It’s an excellent choice for borrowers with bad credit who don’t qualify for loans from traditional lenders. However, it’s important to understand how this lender uses AI so that you’re aware of the potential pitfalls.

For example, Upstart’s AI may detect that a borrower is likely to pay off the loan early, which would result in a lower credit score (and higher interest rates and origination fees) for you. It also may detect that a borrower is misrepresenting their income or other information, which could lead to denial and require you to submit more documentation.

Unlike some other online lenders, Upstart doesn’t have a minimum credit score requirement and can lend to people with a FICO score below 600. It’s a great option for borrowers who’ve had some credit problems in the past but have since repaired their financial history.

It also has an excellent reputation with the Better Business wonga Bureau and few Consumer Financial Protection Bureau complaints. Online reviews praise the ease of applying, the variety of options available and how quickly money is delivered to borrowers. It doesn’t offer co-signer loans.

2. OneMain Financial

OneMain Financial offers a range of personal loans for bad credit. Its standout feature is its low minimum credit score requirement. While many lenders set a minimum credit score, OneMain Financial accepts scores as low as 580. This allows you to qualify for a personal loan when others may not.

It also provides a convenient online prequalification that doesn’t affect your credit score. After you’re prequalified, OneMain Financial will show you if you can get a secured or unsecured loan and the repayment terms. However, you’ll need to submit a full application to see your rates and receive final approval, which will cause your credit score to dip. The lender also charges origination fees, which vary by state and can be flat or percentage-based. It also charges late payment and insufficient funds fees. Additionally, you can purchase optional credit insurance with either a secured or an unsecured OneMain Financial loan, which adds to the overall cost of the loan.

Both OneMain Financial and Personify offer a range of personal loans for bad credit, so it’s worth checking their rates and terms before choosing a lender. However, Personify’s minimum interest rate is lower than OneMain’s maximum and the lender charges less in fees overall, making it a more competitive option for borrowers with poor credit. Additionally, Personify has a shorter timeline from submission to funding than some competitors and you can change your payment due date online, which is an added convenience.

3. Upgrade

Upgrade offers a range of loan amounts and repayment terms. Its lower minimum credit score requirement than other lenders on this list and ability to accept a co-borrower make it a good choice for borrowers who might not qualify otherwise. However, its high maximum APR and origination fees are a drawback.

Like other personal loan lenders, Upgrade performs a hard credit inquiry when you apply. This can cause your credit score to drop a few points temporarily. It also charges a late fee after a 15-day grace period, which is higher than what other lenders charge.

Its other key features include a soft credit check, a mobile app and a credit health tool that gives borrowers tips on how to improve their credit. Its customer support is available via email, chat and phone seven days a week.

If you’re considering a personal loan from Upgrade, it’s important to review all of the loan details before you finalize your application. Look closely at the lender’s APR, loan amount requirements and other terms. Also, make sure to read reviews from other borrowers. This can help you make the best decision for your situation. WalletHub’s ratings and scores are based on extensive research into a wide variety of personal loan providers. We looked at each lender’s terms, fees, loans available, customer service and more to create our ratings.

4. Best Egg

If you’re in the market for a personal loan, Best Egg might be a good option. It targets borrowers with fair to excellent credit and a high income, with a minimum credit score of 640. But its website notes that credit isn’t the only factor — income, debt-to-income ratio and unspecified “other factors” can also play a role in approval odds. And while its rates are competitive, Best Egg charges a mandatory origination fee and requires you to have at least one account in good standing.

To get started, head to Best Egg’s website and input your personal information. The lender will run a soft credit check to prequalify you for a loan. Then it’ll provide you with a list of loan offers with different rates and terms. You can preview each offer and choose the one that fits your budget.

Borrowers who use Best Egg rave about its smooth and efficient process. Its customer service is available Monday through Thursday from 8 a.m. to 10 p.m. ET and Saturday from 9 a.m. to 6 p.m. Its website also features a help center and resources. A few drawbacks to note: Best Egg only accepts applicants who live in Iowa, Vermont and West Virginia; doesn’t have a mobile app; and isn’t available in all states and the District of Columbia. The lender reports loan payments to all three credit bureaus, so on-time payments can boost your score, but late or missed payments can hurt it.