Unsecured borrowing, clear requirements
Poor Credit Personal Loans With No Collateral Required
Compare poor credit personal loans with clear requirements: Lendify offers $300-$2,500 without collateral, with fixed payments every 2 weeks. Check your budget and credit review details, then start your application.
Approval is not guaranteed. Examples only.
Review payments alongside your requirements
Select your state to compare an estimated payment with total repayment. Review income, expenses and credit requirements before applying.
Estimate, not an offer. Approval is not guaranteed. Examples only.
Review these requirements before applying
18 or older
You must be at least 18 years old.
Live in a Lendify state
California, Texas, Illinois or Arizona.
$10,000+ a year
Annual income of at least $10,000 from a stable, verifiable source.
One Lendify loan at a time
No other active Lendify loan, and no Lendify application in the last 90 days.
Able to repay
Lendify looks at your monthly income and expenses.
Credit review
Lendify reviews your credit report and other criteria. Eligibility is not guaranteed.
Unsecured loans: understand what is reviewed
Look at the unsecured features alongside the review process. Income, expenses and creditworthiness all matter when Lendify assesses an application.
Considering signature loans for bad credit?
Lendify requires neither collateral nor a cosigner. If that is what you mean by a signature loan, review the unsecured features together with the credit and income requirements.
Comparing subprime personal loans
Start with what is reviewed: your credit report, other creditworthiness criteria, income and expenses. Lendify checks your credit score when you apply and assesses your ability to repay.
Check your existing Lendify borrowing
The requirements include no other active Lendify loan and no application in the last 90 days. Review those conditions before preparing another application.
Put the payment beside your expenses
Fixed payments make the schedule clear. Review your state estimate and total repayment, then compare the amount with your monthly income and expenses before you apply.
Documents for income and identity review
1 photo ID
- Matrícula consular
- US driver’s license or ID card
- Foreign passport
- US passport or passport card
- Other government photo ID
- Green card
2 proofs of income
- Most recent pay stub
- Most recent bank statement
- Last month’s transaction history (check cashing or bank)
- Most recent benefit form or letter (welfare, unemployment, Social Security)
1 proof of address
- Bank statement
- Electric, water or phone bill
- Cable or internet bill
- Insurance statement
- Credit card or loan statement
- Mailed credit card or loan offer
- Current lease
- Pay stub
Originals only — no photocopies. You also add personal references; Lendify confirms they know you.
How the application review works
- 1Start online
Fill out the application. It takes a few minutes.
- 2Send references and documents
Add your personal references and upload your ID, income and address documents.
- 3Sign and get your funds
Lendify lets you know in about 24 hours after it receives all documents. If approved, sign your loan documents and receive the funds.
State examples to compare with your budget
| Amount financed | Term | Payments | Every 2 weeks | Total of payments | APR |
|---|---|---|---|---|---|
| $500 | 7 months | 15 | $41 | $595 | 60% |
| $1,000 | 11 months | 24 | $54 | $1,260 | 52% |
| $2,500 | 18 months | 39 | $85 | $3,327 | 39% |
| Amount financed | Term | Payments | Every 2 weeks | Total of payments | APR |
|---|---|---|---|---|---|
| $500 | 7 months | 15 | $36 | $547 | 30% |
| $1,000 | 11 months | 24 | $48 | $1,151 | 30% |
| $2,500 | 18 months | 39 | $80 | $3,119 | 30% |
| Amount financed | Term | Payments | Every 2 weeks | Total of payments | APR |
|---|---|---|---|---|---|
| $500 | 7 months | 15 | $37 | $557 | 36% |
| $1,000 | 11 months | 24 | $49 | $1,182 | 36% |
| $2,500 | 18 months | 39 | $83 | $3,252 | 36% |
| Amount financed | Term | Payments | Every 2 weeks | Total of payments | APR |
|---|---|---|---|---|---|
| $500 | 7 months | 15 | $37 | $557 | 36% |
| $1,000 | 11 months | 24 | $49 | $1,182 | 36% |
| $2,500 | 18 months | 39 | $83 | $3,252 | 36% |
- California: California Financing Law, Pilot Program (Fin. Code §22370): 36% a year on the first $1,000, 35% above it, plus an administrative fee of up to 7% or $90. Regulator: Department of Financial Protection and Innovation (DFPI).
- Texas: Texas Finance Code §342.201(e): up to 30% a year on loans up to $4,600 (the examples use 30% with no fees). Regulator: Office of Consumer Credit Commissioner (OCCC).
- Illinois: Predatory Loan Prevention Act (815 ILCS 123): 36% all-in APR cap. Regulator: Department of Financial and Professional Regulation (IDFPR).
- Arizona: A.R.S. §6-632: up to 36% a year on loans up to $3,000. Regulator: Department of Insurance and Financial Institutions (DIFI).
Any loan terms shown are examples. The actual loan terms you may qualify for may vary based on your specific payment schedule, credit determination and state law.
Compare unsecured borrowing requirements
| Question | Lendify | Other loan options |
|---|---|---|
| Collateral and cosigner | Neither collateral nor a cosigner is required for a Lendify loan. | Check whether property or a cosigner is required and what that commitment involves. |
| Application review | Creditworthiness and ability to repay are assessed using credit information, income and expenses. | Check what credit review and income verification are required. |
| Payment commitment | Fixed payments are due every two weeks. Compare your state estimate with your monthly income and expenses. | Check the full schedule and total repayment before comparing the payment size. |
| Early repayment | No prepayment fee applies, and paying early lowers finance charges. | Check the early repayment terms and any associated fees. |
A clear view of the credit review
- Lendify reviews credit and ability to repay. No collateral or cosigner is required, but the income and creditworthiness criteria still apply.
Lendify Financial LLC
333 Bush Street, 17th Floor, San Francisco, CA 94104
(866) 281-3054 · [email protected]
Licenses
Loans are made by Lendify Financial LLC. Loans made or arranged in California pursuant to a California Financing Law license, in Texas pursuant to a Regulated Lender license, in Illinois pursuant to a Consumer Installment Loan Act license, and in Arizona pursuant to a Consumer Lender license.
Questions or complaints
- California: Department of Financial Protection and Innovation (DFPI)
- Texas: Office of Consumer Credit Commissioner (OCCC)
- Illinois: Department of Financial and Professional Regulation (IDFPR)
- Arizona: Department of Insurance and Financial Institutions (DIFI)
- Consumer Financial Protection Bureau: consumerfinance.gov/complaint
Review the requirements, then take the next step
Use your state estimate, income and expenses to review the payment commitment before starting your application.
Approval is not guaranteed. Examples only.
Questions about borrowing with poor credit
Can I ask Lendify to consider an application with poor credit?
Lendify reviews creditworthiness and ability to repay when you apply, including your credit report, income and expenses. It checks your credit score as part of that review. You must also meet the age, residency and income requirements and the conditions on existing loans and recent applications.
Would I need to pledge property for this personal loan?
No. Lendify personal installment loans do not require collateral or a cosigner. You still need stable, verifiable income and must meet the ability-to-repay and creditworthiness criteria. The required document groups are photo ID, proofs of income and proof of address.
How are income and expenses considered alongside my credit report?
Lendify considers your monthly income and expenses to assess your ability to repay. It also reviews your credit report and other creditworthiness criteria. Annual income must be at least $10,000 and must be stable and verifiable; meeting the income threshold alone does not complete the requirements.
Can I apply while another Lendify loan is active?
No. The application requirements include having no other active Lendify loan. The separate condition on recent applications also applies: you must have no Lendify application in the last 90 days. Age, residency, income, ability-to-repay and creditworthiness requirements remain part of the review.
How does a recent Lendify application affect another application?
The requirements say you must have no Lendify application in the last 90 days. This condition applies alongside the requirement to have no other active Lendify loan. You also need to meet the age, state, income, ability-to-repay and creditworthiness criteria.
Can I check the payment schedule before applying with poor credit?
Yes. Select your state, amount and estimated term to review payments every two weeks and total repayment. The calculator gives an estimate, not an offer. Read the published state examples separately; actual terms depend on the payment schedule, credit determination and state law.