The best personal loans for students with bad credit and no job are from Upstart, which offers APRs of 5.35% - 35.99% and loan amounts of $1,000 - $50,000. If you do not have any income from a job, you will be able to apply with supplementary income such as Social Security benefits, child support and alimony.
Other lenders allow you to apply with supplementary income, too. But if you have no income at all, you may want to consider getting a cosigner to boost your approval odds. A cosigner is a trusted person who promises to repay the loan if you can’t. They will need to have a higher credit score and income than you since their information weighs more heavily during the application process.
Best Personal Loans for Students with Bad Credit and No Job
- Upstart. APRs of 5.35% - 35.99%. Loan amounts of $1,000 - $50,000. Credit score requirement of 580 or higher.
- Upgrade. APRs of 7.96% - 35.97%. Loan amounts of $1,000 - $50,000. Credit score requirement of 620 or higher, according to third-party sources.
- LendingClub. APRs of 7.04% - 35.89%. Loan amounts of $1,000 - $40,000. Credit score requirement of 600 - 640 or higher, according to third-party sources.
- Avant. APRs of 9.95% - 35.99%. Loan amounts of $2,000 - $35,000. Credit score requirement of 580 or higher.
- LendingPoint. APRs of 7.99% - 35.99%. Loan amounts of $2,000 - $30,000. Credit score requirement of 580 or higher.
- OppLoans. APRs of 59% - 160%. Loan amounts of $500 - $4,000. No credit check.
To read more about the top-ranked offers, check out WalletHub’s picks for the best personal loans for students and the best personal loans for bad credit. You can also pre-qualify with multiple lenders at once using the free pre-qualification tool on WalletHub.
Finally, if you are looking for a loan to cover education-related expenses, most government student loans do not require a certain credit score to qualify. Also keep in mind that a student loan is the only type of loan you can use to pay tuition.
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