Where Can I Find Guaranteed Loans for Bad Credit?

guaranteed loans for bad credit

Getting a loan when you have a bad credit score can be a total headache. It might even leave you in a situation where you have to spend a fortune on high interest rates or fees. This is especially true if a payday loan is your last resort. 

Fortunately, there are better options available for people who have poor credit scores. This guide of alternative loan options will help you avoid expensive fees and keep you safe when applying for a loan. And don’t worry! A bad credit score won’t stop you from being approved.

Read on to learn more about guaranteed loans for bad credit.

No interest cash advance with Instacash 

What if we told you that you could borrow money until your next payday without having to pay a fee? This may sound too good to be true, but it isn’t. MoneyLion offers no-interest cash advances of up to $250 through its Instacash feature. Plus, there are no monthly fees or other costs associated with Instacash. 

Hard credit inquiries aren’t required either, making Instacash the perfect opportunity to get your hands on fast cash even if you have bad credit. In some cases, cash advances are better than loans. They also give you access to the funds you need quickly and easily. 

Qualifying for Instacash

Qualifying for instant cash advances is simple. All you need is an active bank account in good standing, and it must have been active for at least two months when you apply for an instant cash advance. 

Once you meet these basic requirements, MoneyLion will scan your account to check for a history of steady deposits and transaction activity. If you’ve hit a snag in your employment status, no need to worry. Government benefits, unemployment benefits, alimony, and child support are recognized as income.

How to apply for Instacash

Wondering if you meet the qualification requirements for Instacash? To apply for an instant cash advance from MoneyLion, follow these steps: 

  • Download the mobile MoneyLion app.
  • Create an account with your email address. 
  • Tap Instacash and connect your checking account. 

Once you’ve synced your primary bank account, MoneyLion will analyze your banking history to determine your eligibility and decide how much money you qualify for in the form of an instant cash advance. If you’re approved for an offer, you will have the chance to choose the dollar amount that you want without exceeding your limit. From there, just click the request button! 

Delivery of funds 

If you have a RoarMoney℠ account, regular delivery of Instacash funds should hit your account within 24 to 48 hours at no additional cost. If you’re connecting your Instacash advance to an external account, expect to receive your funds within three to five business days.

When the repayment due date rolls around, the funds will be automatically deducted from your account without charging interest. This means you can request cash advances whenever the need arises without incurring any interest, and there are no hidden fees. 

Delivery is simple and easy. Plus, it’s not necessary to reapply each time you want to use the feature.  

Cost of Instacash

Instacash from MoneyLion does not charge any fees for its basic instant cash advance option. There’s no monthly fee or interest. The only time you will encounter a fee is if you would like Turbo boost instant funding to a RoarMoney account or external account.


Standard funding delivery (24-48 hours) – no fee

Turbo boost instant funding – $3.99

External account:

Standard funding delivery – no fee

Turbo boost instant funding – $4.99

Low-interest Credit Builder Loan 

Do you like the idea of a fee-free cash advance but need a little more than $250 to hold you over? Consider an affordable Credit Builder loan from MoneyLion. 

You could qualify for up to $1,000 to help you out in your time of need. As you pay back your loan, we’ll report your on-time payment activity to the three major credit bureaus: Experian, Equifax, and TransUnion. So, your score could increase as you pay down your loan as long as you manage any of your other outstanding debts responsibly.


A bad credit score doesn’t mean you won’t get approved. MoneyLion does not run hard inquiries on your credit when you apply for a Credit Builder Loan. However, you will need a checking account that is at least 60 days old. 

Your account needs to be in good standing, too. The account should also have a steady history of deposits from employment, self-employment, government benefits, alimony, or child support. 

How to apply

Here’s how to apply for a Credit Builder loan: 

  • Download the mobile MoneyLion app.
  • Create an account with your email address.  
  • Log in and tap the “Loans” tab. 
  • Connect your checking account to your MoneyLion account. 
  • View your offer and accept it on the app.

A Credit Builder loan from MoneyLion is one of the only same-day funding loans out there. But there is a chance that MoneyLion will only give you a portion of your loan amount immediately. 

In the event this happens, the remaining funds will be placed in an interest-earning Credit Reserve Account in your name. Once you make your final loan payment, the remaining funds, as well as the interest those funds accrued, are yours to spend on whatever you want! 

Delivery of funds 

From the moment you are approved and you accept your loan offer, the funds can be deposited into your bank account instantly. Also, keep in mind that loan payments are automatically deducted from your bank account. This is a great way to automate your payments and prevent you from having to worry about due dates or unwanted late fees. 

Cost of a Credit Builder Loan

For only $19.99 per month, you can take advantage of this affordable credit-building product that gets you fast cash, monitors your account, improves your credit, and helps you build better money-saving habits. Additionally, the Credit Builder Plus membership comes with access to Instacash cash advances and more!

Bad credit? No problem with MoneyLion!

Don’t spend any more of your time stressing over your bad credit or letting it stop you from getting your hands on the funds you need. Download the MoneyLion app today and give Instacash a try! 

It won’t cost you a cent, and it’s easy to apply. You can also apply for a Credit Builder Loan which will help you build your credit over time!

Can I get a loan with a 450 credit score?

The best way to avoid paying extra fees when you have a low credit score is to apply for our Credit Builder Plus loan or use our Instacash feature. These options don’t require a hard credit check, so they won’t affect your score.

Which app gives loans instantly?

The MoneyLion app gives you access to the cash you need right away. When you use Instacash, you’ll be able to get up to $250 with no interest, no monthly fees, and no hard credit checks.

What are the average loan rates for a loan with poor credit?

If you have poor credit, you could be paying an average of 9.95% to 35.99% APR on your loan. High interest rates can keep you stuck in a cycle of loan debt. Ditch the high interest rates by using Instacash which can help you avoid high fees while getting the money you need all with 0% APR.

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Join Credit Builder Plus to get a loan up to $1,000, credit monitoring, exclusive rewards, access to 0% APR cash advances, and more. Over half of members raise their credit over 27 points within 60 days!

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