Best Personal Loans for Bad Credit in 2026

Kuda Personal Loan is perfect for those who need a small, fast loan. The app-based application process is straightforward, but the lack of public APR information means you'll need to dig into the app for details.

QuickCheck offers speedy approvals and a mid-range loan limit of up to ₦1,000,000. It's great for those who need funds quickly, though the absence of a public APR range requires careful in-app checking.

Carbon Personal Loan stands out for transparency, with a clear maximum APR of 195%. It's a solid choice if you prefer knowing terms upfront, despite the high interest rates.

Branch offers significant repayment flexibility, extending terms up to 52 months. It's a digital lender that provides wider options, though you'll need to check the app for APR specifics.

UBA Personal Loan is compelling for those needing larger loan amounts, offering up to ₦30,000,000. Just be ready for a more detailed application process, requiring full documentation.

First Bank's Personal Loan Against Salary is tailored for salaried customers seeking long-term financing. The 60-month repayment period is a standout feature, though it requires your salary to be domiciled with First Bank.

FairMoney's transparency with its APR range of 24% to 456% is notable. It's a strong option for those who need larger loans quickly, but be wary of the high-end interest rates.

Stanbic IBTC offers a high loan limit with clear eligibility criteria, making it ideal for salaried individuals. However, the requirement for salary payment into a Stanbic account could limit its accessibility.

Renmoney provides a high-limit option up to ₦10,000,000, although details on APR and tenors are not fully transparent online. It's best for digital-savvy borrowers who can navigate the app for full details.