Gino Rodriguez, Writer
@gino_rodriguez
The best joint installment loans for bad credit are from Achieve Personal Loans, LendingClub and USAA. These lenders offer competitive rates, have credit score requirements below 640, and allow you to apply for installment loans with a co-borrower. Adding a co-borrower to your loan application may help to increase your chances of approval.
Both applicants are considered equally with a joint installment loan, so having a co-borrower with better credit and enough income can qualify you for lower rates and larger loan amounts. You can compare your options for personal loans that allow joint applications below.
Best Joint Installment Loans for Bad Credit
| Lender | Loan Amount | APR | Credit Score Required |
| $5,000 - $50,000 | 8.99% - 29.99% | 620 | |
| $1,000 - $50,000 | 7.04% - 35.99% | 600-640 | |
| $2,500 - $100,000 | 10.34% - 18.51% | Not disclosed | |
| $250 - $50,000 | 8.99% - 18% | Not disclosed | |
| $1,000 - $35,000 | 8.14% - 24.99% | Not disclosed | |
| $5,000 - $100,000 | 7.44% - 25.79% | 660 | |
| $1,000 - $50,000 | 7.74% - 35.99% | 620 |
Note: Credit score requirements are according to either the lender or multiple third-party sources. At least one co-borrower will need to satisfy the requirement.
Keep in mind that both borrowers share equal responsibility for a joint installment loan, so missing payments on the loan can damage both of your credit scores. You can learn more about the best personal loans with joint applications on WalletHub.
People also ask
What is the easiest installment loan to get approved for?
The easiest installment loan to get approved for is a personal loan with no credit check because the lender doesn’t perform a hard inquiry into your credit history. Other types of installment loans that are easy to get include secured personal loans and credit-builder loans, among others. The best no credit check loans are from 60MonthLoans because the company offers loan amounts of $2,600 - $10,000 and an APR as low as 17.75%.
Easy Installment Loans to Get
| ... | APRs | Dollar Amounts | Repayment Periods |
Can two people get a personal loan together?
Yes, two people can get a personal loan together by applying for a joint loan. A joint loan allows two people to share the funds as well as the responsibility of paying the loan back, and it can be a good option for someone who may not qualify for a personal loan by themself.
You can check out WalletHub’s picks for the best personal loans with joint applications to start comparing your options.
Joint vs. Cosigned Loans
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