Best Secured Personal Loans of July 2021

ElitePersonalFinance
Last Update: July 1, 2021
3000 Reviews
Amount:

$1,000 - $50,000

Min. Credit Score:

600

APR:

5.94% - 35.97%

Approval:

< 1 Day

Terms:

3 - 5 Years

Lowest cost
More Information

Upgrade Disclaimer: Personal loans made through Upgrade feature APRs of 5.94%-35.97%. All personal loans have a 2.9% to 8% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Upgrade’s lending partners issue personal loans. Information on Upgrade’s lending partners can be found at https://www.upgrade.com/lending-partners/.

Upgrade is one of the best personal loans for fair and good credit. If your credit score is above bad, then try these loans:

Best Personal Loans for Fair Credit 2021 >>
Amount:

$1,000 - $250,000

Min. Credit Score:

550

APR:

2.49% - 35.99%

Approval:

< 1 Day

Terms:

2 - 7 Years

3700 Reviews
Amount:

$1,000 - $100,000

Min. Credit Score: 0 620 is Recommended APR:

5.94% - 35.99%

Approval:

< 1 Day

Terms:

1 - 10 Years

Loan Comparison Site
More Information

There are plenty of services in the marketplace. SuperMoney is the best! This company works with thousands of loan companies, lenders, credit unions, and so on, so finding you a loan will be easy. And they work differently. Instead of getting your personal details and sending them to a list of their lenders, as other companies do, SuperMoney will ask you to complete their form one time and directly list the offers that are available to you. There is a big difference because you directly get personalized offers based on your financial situation. Your personal information is not sent to a list of lenders like other sites do. After that, you can pick the best for you. Click offer details below each, and you will find all of the information you need to know regarding APRs, repayment terms, and fees. Best of all, the service is completely free and requires no obligation.

2489 Reviews
Amount:

$1,500 - $20,000

Min. Credit Score:

0

APR:

18% - 35.99%

Approval:

1 Day

Terms:

2 - 5 Years

1101 Reviews
Amount:

$1,000 - $25,000

Min. Credit Score:

600

APR:

18.99% - 35.99%

Approval:

1 - 3 Days

Terms:

1 - 5 Years

1156 Reviews
Amount:

$500 - $10,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

< 1 Day

Terms:

3 - 72 Months

High Approval Rate
More Information

Designed specifically for those with bad credit, CashUSA offers installment secured personal loans for people with bad credit. APRs range from 5.99% to 35.99%, but even if you have bad credit, putting collateral to your loan can lower the APR as low as 10%. CashUSA offers loans up to $10,000, but according to their website, the amount can be increased under certain conditions. But remember, if you fall behind on your payments, there is a chance you could lose your car. We only recommend secured loans if you’re sure you can repay the debt on time and in full.

Pros:
  • Easy approval.
  • Those with really bad credit can still be approved.
  • The company applies personal loan APRs ranging from 5.99% to 35.99%.
  • People with bad credit get as low as 10% APR.
  • Borrowing amounts can exceed $10,000, but you have to speak with them directly.
Cons:
  • Secured loans put you at risk of losing your collateral.
  • Bad credit means a higher APR, although it’s still much lower than a traditional car title loan.
Best for: Secured Personal Loans
1370 Reviews
Amount:

$3,000 - $100,000

Min. Credit Score:

600

APR:

5.24 - 22.74%

1370 Reviews
Amount:

$3,000 - $25,000

Min. Credit Score:

None

APR:

7.49 - 17.99%

Amount:

$500-$50,000

APR:

10.0% - 18.0% Unsecured & 3% - 18% Secured

Loans:
  • Secured and Unsecured Personal Loans

  • Unsecured Personal Line of Credit

  • Certificate Secured Loans

  • Savings Secured Loans

  • Credit Cards

2489 Reviews
Amount:

$750 - $5,000

Min. Credit Score:

350

APR:

17% - 30%

Approval:

1 - 7 Days

Terms:

1 - 12 Months