10 Best Personal Loans with No Income Verification

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There are many reasons why someone would require a personal loan, and often going through a bank or other lender is not an option.

Luckily even if you’re not employed full time, there are certain ways that you can get a small personal loan.

Here we will look at the best personal loans with no to low-income verification and compare their requirements.

No Income Verification Loans

  • RECOMMENDED
  • LOAN AMOUNT
  • MIN. CREDIT SCORE

Personal Loans with No Income Verification

Best for Comparing Loan Rates
CashUSA No Income Verification Loans
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On CashUSA's Secure Website
CashUSA No Income Loans
  • Est. APR
    5.99% - 35.99%
  • Min. Credit Score
    560
  • Learn More
  • Loan Details

CashUSA is an online marketplace where users can request loans and be connected to a network of lenders.

It specializes in smaller loans, and has a large list of lenders, giving final control to the applicant to choose the lender they wish to use.

The fact that there are so many different lenders means that there will be options available for all different credit profiles. And with flexible requirements, and the ability to compare loans, CashUSA is a great option for those looking for a personal loan.

>> More: CashUSA Review

Best for Comparing Online Rates
Personalloans.com No Income Loans
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Personalloans.com Loans & Rates
  • Est. APR
    5.99% - 35.99%
  • Min. Credit Score
    560
  • Learn More
  • Loan Details

Personalloans.com is a network of lenders where users can request a personal loan and will get offers from a variety of different lenders all offering different terms.

Personal Loans are designed to be quick and simple and make it easy to get a small personal loan, even with bad credit.

It is easy and free to receive loan offers online, and you can review all the lenders and their different terms before accepting an offer and receiving the money.

>> More: Personalloans.com Review

Best for Comparing Bad Credit Loans Online
Badcreditloans.com Loans & rates
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Badcreditloans.com Loans & Rates
  • Est. APR
    5.99% - 35.99%
  • Min. Credit Score
    560
  • Learn More
  • Loan Details

Badcreditloans.com is a network of lenders that specialize in finding lenders that will offer loans to those with bad credit (or no credit history).

There is no cost and no obligation to search for lenders and you can review each lender in detail before deciding on a preferred one.

Everything is completed online, from entering your details and choosing a final lender.

>> More: Badcreditloans.com Review

Best for Comparing Online Personal Loans with No Income Verification
Money Mutual No Income Verification Loans
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Money Mutual Loans
  • Est. APR
    Varies
  • Min. Credit Score
    560
  • Learn More
  • Loan Details

Money Mutual is a platform that links lenders with those seeking a loan, specifically payday loans. It has a catalog of 72 lenders that will offer you a loan depending on your qualifying attributes.

Money Mutual is designed for smaller, short-term loans, and is perfect for those who have last-minute, emergency payments. There are lenders suitable for all credit types, and the money could be in your account in under 1 day.

>> More: MoneyMutual Review

Best for Debt Consolidation
Payoff No Income Verification Personal Loans
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Payoff Personal Loans
  • Est. APR
    5.99% - 24.99%
  • Min. Credit Score
    640
  • Learn More
  • Loan Details

Payoff is a platform of personal loan lenders that specialize in loans for those looking to pay off high-interest credit card debt.

There is one simple monthly payment, and users can save a lot through Payoff as the payments will be less than the credit card payments.

Paying off your cards through Payoff can increase your credit score by up to 40 points.

>> More: Payoff Personal Loans Review

Best for Low Credit Score Personal Loans
Upstart No Income Verification Loans
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On Upstart's Secure Website
Upstart Personal Loans
  • Est. APR
    5.38% - 35.99%
  • Min. Credit Score
    None
  • Learn More
  • Loan Details

Upstart is a personal loan provider that offers low-rate personal loans to those who need it, including those with low or bad credit scores.

Upstart loans can be used for any purpose (to pay off debt or for emergency expenses), and the rates are on average 10% lower than competing loan providers.

Once approved, funds can be in your account the very next day.

>> More: Upstart Personal Loans Review

Best for Bad Credit No Income Loans
Avant No Income Verification Personal Loans
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Avant Loans
  • Est. APR
    9.95% - 35.99%
  • Min. Credit Score
    580
  • Learn More
  • Loan Details

Avant is a lender that offers both secured and unsecured loans and is targeted towards those with bad to fair credit.

One benefit of Avant is that the monthly payment is fixed, so you know exactly how much to pay each month until the loan is paid off.

You can borrow a higher amount with a secured loan by attaching collateral such as a vehicle or home to the loan.

>> More: Avant Personal Loans Review

Best for Comparing Loan Rates
Upgrade No Income Verification Loans
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Upgrade Loans
  • Est. APR
    5.94% - 35.97%
  • Min. Credit Score
    560
  • Learn More
  • Loan Details

Upgrade is a personal loan lender that provides loans to those with good credit and strong monthly income.

Loans are both secured and unsecured and allow loans up to $50,000, which is higher than many other lenders. You can use Upgrade loans for any reason, such as debt consolidation, paying off credit cards, or for any financial emergencies that may come up.

There are multiple loan options so you can choose the one that best fits your circumstances.

>> More: Upgrade Personal Loans Review

Best for Good Credit Applicants
Prosper No Income Loans
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On Prosper's Secure Website
Prosper Personal Loans
  • Est. APR
    7.95% - 35.99%
  • Min. Credit Score
    640
  • Learn More
  • Loan Details

Prosper is the first peer-to-peer lending platform in America. It is a platform for finding lenders for those who have good credit that require a personal loan.

When you get a loan with Prosper, you can be assured that the rate will stay consistent, so your repayments will never go up unexpectedly.

When you apply, you are granted a ‘prosper score’ which then shows you which loan types you are eligible for.

>> More: Prosper Personal Loans Review

Best for Fair Credit Applicants
Best Egg No Income Verification Loans
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On Best Egg's Secure Website
Best Egg Loans
  • Est. APR
    5.99% - 29.99%
  • Min. Credit Score
    640
  • Learn More
  • Loan Details

Best Egg is a personal loan provider that offers quick loans for those with fair credit.

Best Egg is known to be hassle-free personal loans, which APRs as low as 5.99%, and this rate will never go up for the life of the loan. Due to the low rate, they are perfect for debt consolidation and for paying off high-interest credit cards (or other loans).

>> More: Best Egg Personal Loans Review

Can You Get a Personal Loan with No Income?

You can get a personal loan with no income or no proof of income, however, those companies that offer these loans will be much higher in interest rates and will often have high fees. You may also be limited in the amount that you can borrow.

How to Get a Personal Loan with No Income or Job

If you have no income or no job and you want to get yourself a personal loan, here are the basic steps that you will need to take.

1. Compare Various Lenders

You will need to carefully compare all lenders as many will require a minimum income. Read the small print and the eligibility requirements.

>> More: Best Bad Credit Loans

2. Review the Requirements and Eligibility

Each lender will differ slightly in requirements and eligibility, so make sure that you meet all of them before you apply.

3. Make Sure it Makes Financial Sense to Get a Personal Loan

You need to remember that all personal loans will need to be repaid, including any interest, so you need to make sure that you can afford the repayments over the length of the loan. You should consider whether it makes financial sense to take out the loan in the long run.

4. Apply for the Personal Loan

Read the application carefully and make sure you enter all the information in detail and correctly. Most applications will be approved within a few hours and entering incorrect or incomplete information will drag it out much longer.

5. Make Payments on the Personal Loan

The payments for the personal loan are non-negotiable, and there will often be fees for no payment or late payments. So, paying the minimum amount on time is very important, especially to protect your credit score. There will be different ways of paying so find the best method for you.

Can You Get a Personal Loan with No Job?

You will need to have a job or some proof of income in order to get a personal loan. Income does not necessarily have to come from employment – even social security payments are considered income in the eyes of some lenders.

What Is the Minimum Income Needed for a Personal Loan?

The minimum income required will depend greatly on the type of loan you are looking for, whether it is secured or unsecured, the amount, and the lender. Some lenders only require a small income (around $800 a month), and some require much more (around $20,000 a year).

Alternatives to Low Income Loans

  • Payday Loans: payday loan (sometimes called a direct deposit loan) is a type of personal loan that requires income as it is a short-term loan that generally is expected to be repaid on your next payday.
  • Secured Personal Loans: A secured personal loan will tend to offer larger loan amounts but will have an asset as collateral – whether it be a vehicle or a home. If you cannot pay the loan off, then you risk losing the asset.
  • Borrow Money: You could borrow the money from a number of sources, including banks, your peers, and your family.
  • Credit Cards: Credit cards are useful as you are able to spend them on whatever you like (paying bills, purchasing assets). Each credit card will have a limit, however, and will need to be repaid before more credit can be obtained.
  • Credit Union Personal Loans: If you are a member of a credit union, then they often offer loans that have lower fees and interest rates than traditional lenders and banks. The loans work in the same way as a standard personal loan, they just require a membership to apply.
  • Short-Term Loans: As the name implies, short-term loans are designed to be paid back within a few months. However, these are truly on available for those with excellent credit scores and are high earners.

What Can I Do If I Don’t Qualify for a Personal Loan?

Not everyone is going to automatically qualify for a loan from every lender. If you think that you meet all requirements, but you still get rejected, then there are a few things that you can do.

Improve Credit Score

One common reason why people get knocked back from getting a personal loan is that their credit score is too low. If this is the case, no amount of begging will work – you are either going to need to find a lender that will accept your lower score or work on raising it.

An improved credit score is always a good goal to have as it will help you in the future.

Get a Job that Pays

Another reason why many people may get rejected from a loan is that their income is not high enough. The easy solution to this is to get a job that pays above the minimum required. Getting a higher-paid job will not only mean that you may suddenly become eligible for a loan but will be more likely to afford the repayments.

Apply with a Cosigner

Not all personal loan lenders will allow you to sign with a cosigner, but if you find one that does allow it, finding someone willing to sign with you will increase your chances of getting approved.

How Can I Prove My Income If I am Self-Employed?

Proving your income when you are self-employed can be tricky. The best way to do this is to show your bank records which hopefully will show that you get a minimum amount of payments per month.

If you have been self-employed for over 12 months, then showing your previous tax returns is another good way of proving self-employed income. Lastly, if you use accounting software that tracks payments, then this is another useful tool

How Can I Prove My Income If I Get Paid in Cash?

If you get paid in cash, then this adds a level of difficulty to prove that you have a source of income. The best way is to make sure that you retain invoices and receipts, so you can prove when you get paid and how much for.

You can also get letters from those who pay you to corroborate your story and prove that you have a steady source of income. Any tax returns that you have that show these cash payments are useful too.

SimpleMoneyLyfe’s Best No Income Verification Personal Loans 

  • CashUSA: Best for Comparing Loan Rates
  • Personalloans.com: Best for Comparing Online Rates
  • Badcreditloans.com: Best for Comparing Bad Credit Loans Online
  • MoneyMutual: Best for Comparing Online Personal Loans with No Income Verification
  • Payoff: Best for Debt Consolidation
  • Upstart: Best for Low Credit Score Personal Loans
  • Avant: Best for Bad Credit No Income Loans
  • Upgrade: Best for Comparing Loan Rates
  • Prosper: Best for Good Credit Applicants
  • Best Egg: Best for Fair Credit Applicants

Bottom Line: Best Personal Loans with No Income Verification

Unfortunately, there aren’t really any personal loan lenders that require no income verification. Income can come from a number of different sources (not only from paid employment), so you need to remember that all income will be taken into consideration.

There are some lenders that will require very little income, but you will want to have at least some money coming in each month in order to be able to afford the minimum loan repayments.

Methodology

To compare and evaluate no income verification personal loans, we reviewed over 25+ lenders that offer loans with flexible requirements. Analysts evaluated the lender’s credit score and income requirements, rates, fees, funding times, online experience, customer support, security, and transparency. Read our strict editorial guidelines and rating methodologies for personal loans to learn more about the process.

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Meri Torres
Meri Torres

Meri B Torres is a former SimpleMoneyLyfe Writer with several years of experience and a deep business background. Holding a bachelors degree and MBA from New York University, Meri loves helping consumers make simple financial decisions and understanding the complex world of finance. Her areas of expertise are personal loans and credit cards.