Is it easy to get a small personal loan? This question is about Best Small Personal Loans

It’s easier to get a small personal loan than a large one because some approval requirements aren’t as difficult to meet when there’s less money at stake. For example, it’s easier to get a small personal loan if you have a low income because you will only have to demonstrate the ability to repay a small amount. However, you’ll still need to be at least 18 years old, have a bank account and have a credit score of 580+, among other requirements, to get a small personal loan with a decent APR in most cases. The easiest small personal loans to get are available through Upstart because applicants do not need a credit score to qualify. Personal loans through Upstart provide $1,000 - $50,000 in funding with a typical APR range of 5.35% - 35.99%. Easiest Small Personal Loans to Get Company Credit Score Requirement Loan Amounts APRs Upstart None $1,000 - $50,000 5.35% - 35.99%, typically Oportun None $300 - $12,000 36% maximum NetCredit Accepts applicants with bad credit $500 - $10,500 36% - 155% (varies by state) OppLoans None $500 - $4,000 59% - 160% RISE Accepts applicants with bad credit $500 - $5,000 60% - 299% Integra Credit Accepts applicants with bad credit $500 - $3,000 99% - 300% For more options, check out WalletHub’s complete picks for the best small personal loans. Then, you can estimate your potential rates with our free pre-qualification tool. Upstart Disclosure: Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000), NM ($5,100), OH ($6,000). The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 24.83% and 60 monthly payments of $26.36 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $15,817 including a $594 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no down payment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

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Is it easy to get a small personal loan?

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This question is about Best Small Personal Loans

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Grace Enfield, Content Writer

@grace_enfield • 07/05/22 This answer was first published on 07/05/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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It’s easier to get a small personal loan than a large one because some approval requirements aren’t as difficult to meet when there’s less money at stake. For example, it’s easier to get a small personal loan if you have a low income because you will only have to demonstrate the ability to repay a small amount. However, you’ll still need to be at least 18 years old, have a bank account and have a credit score of 580+, among other requirements, to get a small personal loan with a decent APR in most cases.

The easiest small personal loans to get are available through Upstart because applicants do not need a credit score to qualify. Personal loans through Upstart provide $1,000 - $50,000 in funding with a typical APR range of 5.35% - 35.99%.

Easiest Small Personal Loans to Get

Company	Credit Score Requirement	Loan Amounts	APRs
Upstart	None	$1,000 - $50,000	5.35% - 35.99%, typically
Oportun	None	$300 - $12,000	36% maximum
NetCredit	Accepts applicants with bad credit	$500 - $10,500	36% - 155% (varies by state)
OppLoans	None	$500 - $4,000	59% - 160%
RISE	Accepts applicants with bad credit	$500 - $5,000	60% - 299%
Integra Credit	Accepts applicants with bad credit	$500 - $3,000	99% - 300%

For more options, check out WalletHub’s complete picks for the best small personal loans. Then, you can estimate your potential rates with our free pre-qualification tool.

Upstart Disclosure: Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000), NM ($5,100), OH ($6,000).

The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 24.83% and 60 monthly payments of $26.36 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $15,817 including a $594 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no down payment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

Answer Question

Is it possible to get a small personal loan?

Yes, it is possible to get a small personal loan from a bank, credit union or online lender. Most major personal loan providers offer minimum loan amounts of $2,000 or less, and a few lenders offer loans of less than $500.

The best small personal loans are from Best Egg because the company offers loan amounts starting at $2,000 with APRs of 7.99% - 35.99% and repayment periods of Up to 60 months. You’ll need a credit score of at least 640 to qualify.... read full answer

You can check out WalletHub’s editors’ picks for the best small personal loans to see more options. Then, you can estimate your potential rates with our free pre-qualification tool.

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Is it easy to be approved for a personal loan?

What is the smallest personal loan you can get?

The smallest personal loan you can get is $250 from Navy Federal Credit Union. The company has an APR range of 7.49% - 18%, repayment periods of Up to 60 months (up to 180 for home improvement) and an origination fee of $0. You do have to be part of the military community to qualify, though.

The minimum loan amount available from most other major loan providers ranges from $1,000 to $3,500. You might be able to find loan offers for $250 or less from some smaller companies, but we don’t recommend them because they tend to have very high interest rates and fees.... read full answer

Smallest Personal Loans

Company	Loan Amount	APR	Origination Fee
Navy Federal Credit Union	$250 - $50,000	7.49% - 18%	$0
Oportun	$300 - $12,000	36% maximum	Depends on the customer
NetCredit	$500 - $10,500	36% - 155% (varies by state)	1% - 5% (varies by state)
OppLoans	$500 - $4,000	59% - 160%	$0
RISE	$500 - $5,000	60% - 299%	None
Integra Credit	$500 - $3,000	99% - 300%	$0
Jora Credit	$500 - $4,000	99% - 349%	None
Plain Green	$500 - $5,000	210% - 428%	None
PenFed Credit Union	$500 - $50,000	5.99% - 17.99%	$0
LendingClub	$1,000 - $40,000	8.05% - 35.89%	1% - 6%

To see more of the top-ranked offers, check out WalletHub’s complete picks for the best small personal loans.

If you're having trouble finding a small enough loan from a major loan provider, you should look into alternatives. Using a credit card or getting a loan from a friend or family member may be a better option for you.

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