If you are in a difficult financial situation, a $8,000 loan may be a solution. This sum is usually enough to cover large purchases, medical bills, car repairs, and other necessary expenses.
While getting approved for a $8,000 loan does not sound difficult for borrowers with good or excellent credit, those with bad credit scores may find it challenging. We have reviewed dozens of online lenders and prepared information about financial institutions ready to help individuals with any credit get a personal loan.
Best $8,000 Personal Loan Offers

- Be at least 18 years old
- Prove your US citizenship or permanent residence
- Provide your bank account information
- Show your monthly income by providing pay stubs, tax forms, or bank statements
- Provide an active email address and phone number
- Origination fees up to 12%
- $15 late fee
- $15 NSF fee
- Quick access to loan funds
- No prepayment penalties
- Flexible monthly payments
- Soft credit check when prequalifying
- Flexible loan amounts
- Origination fees up to 12%
- High maximum annual percentage rate
- Co-signers aren’t allowed
- Hard credit checks for final approval
- Limited repayment loan terms
Poor credit borrowers who can’t qualify for traditional personal loans
- Be at least 18 years old
- Prove your US citizenship or permanent residence
- Provide your bank account information
- Show your monthly income by providing pay stubs, tax forms, or bank statements
- Have fair credit (at least 660)
- Provide an active email address and phone number
- Late fee of $39
- Long repayment periods
- Three options for repayment help
- High level of customer satisfaction
- No origination fees
- Free FICO score monitoring tools
- Competitive interest rates
- Charges a $39 penalty for late payments
- Strict eligibility requirements
- No co-borrower permitted
Borrowers with fair credit scores who want to consolidate debt, renovate home, or make big purchases.
- You need a credit score of at least 620
- Provide proof of income
- Specify your Social Security number
- Provide proof of identity
- Specify your employment status
- Origination fees from 1.99% to 6.99%
- Discounts on interest rates
- Debt consolidation loans with direct payments to creditors
- Soft credit check at the prequalification stage
- Opportunity to get joint loans
- Origination fee from 1.99% to 6.99%
- High minimum loan amount
- No mobile app for Android or iOS
Fair or good credit borrowers who want to cover their credit card debt
- Your driver’s license or passport;
- Be at least 18 years old;
- Recent pay stubs or your last tax return;
- A fresh bank statement;
- Valid email address and phone number.
- Potential origination fee;
- No application or late fees.
- Low APR;
- Monthly payments to creditors;
- Free checking of credit score;
- Limited loan purposes;
- Potential origination fee;
- Funding in 3 to 6 business days.
Fair or good credit borrowers who want to make a credit card debt consolidation.
- Be at least 18 years old
- Be a U.S. permanent resident
- Live in a qualifying area
- Have a valid bank or savings account
- Have a credit score of at least 550
- Provide income confirmation
- Origination fees: None
- Administration fees: 4.75%
- Late payment fees: May vary by state
- Prepayment penalties: None
- Dishonored payment fees: May vary by state
- Accepts borrowers with fair credit
- Next-day funding
- No prepayment fees
- Soft credit checks when pre-qualify
- Low minimum income requirement
- Convenient loan amounts and repayment terms
- Extra fees may be charged
- Relatively high maximum APRs
- No joint or secured loans
- Not available in all states
Borrowers with fair and good credit looking for fast loans
- Be at least 18 years old
- Prove your US citizenship or permanent residence
- Provide your bank account information
- Show your monthly income by providing pay stubs, tax forms, or bank statements
- Provide an active email address and phone number
- Origination fees, prepayment penalties, or other fees may be applicable
- Prequalification for multiple personal loans on one platforms
- Low minimum interest rates
- Fast funding (same-day direct deposit may be available)
- High maximum interest rates
- Extra fees may be applied
- The company’s partners may perform a hard credit check
- Data privacy concerns
Borrowers with bad credit scores who want to consolidate debt or cover other significant expenses.
- Be a U.S. permanent resident
- Live in a qualifying area
- Be at least 18 years old
- Have a valid email address
- Have a valid personal checking account
- Provide income confirmation
- Origination fees: 1% to 5%, depending on your state
- Cash advance fees: 10%
- Late payment fees: vary by state
- Late payment fees: vary by state
- Next-day funding
- No application fees or prepayment penalties
- Bad credit is accepted
- Flexible repayment terms
- Convenient minimum loan amounts
- Very high APRs
- Low loan maximums
- Origination and late payments fees may be charged
- Not available in all states
Borrowers with bad credit in need of fast cash

- At least 18 years also
- Permanent US resident
- Income confirmation
- Valid bank account or debit card
- Origination fees: 1% to 10%, or $25 to $500, depending on the state
- Late payment fees: $5 to $30, or 1.5% to 15% of your loan amount
- Non-sufficient funds fees: $10 to $50 per payment returned
- Joint and secured loans are available
- Wide range of loan options for low credit
- Pre-qualifying doesn’t affect your credit score
- Convenient options for debt consolidation
- Relatively high interest rates
- Charges origination fees
- APRs are not disclosed when pre-qualify
- Not available in all states
Borrowers with credit issues who want to avoid predatory lenders.
- Be at least 18 years old
- Prove your US citizenship or permanent residence
- Provide your bank account information
- Show your monthly income by providing pay stubs, tax forms, or bank statements
- Have fair credit (at least 640)
- Provide an active email address and phone number
- Origination fees of up to 9%
- $15 late fee
- $15 NSF fee
- Low annual percentage rate
- No prepayment penalties
- Wide range of available loan amounts
- Same-day funding under some circumstances
- Accessible for fair credit borrowers
- High origination fee (up to 9%)
- Hard credit checks when you select your loan to move forward
- No cosigners are allowed for joint loans
- It is not available in all states
- Limited repayment options set at either 36 or 60 months
Fair credit borrowers who need to cover various personal needs

- Be a U.S. citizen, a permanent resident, or living in the U.S. on a valid visa
- Be at least 18 years old (19 in Alabama and some other states)
- Give a working email address
- Provide valid bank account details
- Confirm a sufficient monthly income to cover your loan payments
- Origination fees: 1.85% to 9.99%
- Late payment fees: $10
- Non-sufficient funds fees: $10 per payment returned
- No prepayment penalties
- Multiple rate discounts
- Next-day funding
- The due date may be changed
- Direct payments for debt consolidation
- APRs may be high
- Origination fees are charged
- Late fees may be applied
Fair-credit borrowers who need the money quickly

- Be at least 18 years old
- Prove your US citizenship or permanent residence
- Provide your bank account information and social security number
- Show your monthly income by providing pay stubs, tax forms, or bank statements
- Provide an active email address and phone number
- Optional fees (up to 6%)
- Low interest rates
- Co-applicants are allowed
- No prepayment penalties
- Flexible loan amounts
- Interest rate discounts are available
- Multiple repayment options
- No origination fee
- Good credit is required for better loan terms
- Hard credit check if you continue your application
- Late fees might apply
- No co-signer option available
- No physical branches
Applicants with good to excellent credit scores who want to consolidate debt, make major purchases, or cover their long-term needs.
Where to Get $8,000 Loans?
Depending on your needs and financial situation, you can apply for a $8,000 loan at banks, credit unions, online lenders, and peer-to-peer lending services.
Bank Loans
A bank loan is usually considered the most secure borrowing option. You can come to a physical location, discuss the loan terms with an assistant, and get answers to the necessary questions.
The main drawbacks of bank loans include strict requirements, hard credit checks, and long waiting times. To get approved for a $8,000 personal loan from a bank, you need a good credit score of at least 670. Banks also perform hard credit inquiries that can hurt your credit rating.
After applying for a loan, it may take up to 5 business days to get a response and receive the funds, which may be too long for those needing $8,000 for an emergency.
Credit Union Loans
While most banks have mid-level interest rates, credit unions are nonprofit institutions owned by their members collectively. They can help you borrow money at more favorable terms than traditional banks. Furthermore, credit union loans are available for individuals with bad credit. However, to enjoy the benefits, you need to be a CU’s member.
Online Loans
If you are looking for $8,000 personal loans with more relaxed eligibility criteria, consider legitimate private lenders. They usually operate online and allow even individuals with poor credit to get approved.
The problem most borrowers face is the high-interest rates and extra fees online providers charge. However, they are often ready to provide you with the loan funds in up to 24 hours.
Peer-to-Peer Loans
A peer-to-peer loan is provided by other individuals and can be taken out through a P2P platform. The interest rate you get for a P2P loan depends on the specific platform and your credit score. In some cases, you can get approved with fair or bad credit.
Eligibility Criteria for a $8,000 Personal Loan
Although each lender has their own eligibility requirements, in most cases, you need to meet the following criteria to qualify for a $8,000 personal loan:
If you apply with a less-than-perfect credit score, you may need to pledge collateral or find a cosigner with good credit. Lenders also may require a low debt-to-income ratio (DTI), usually under 35%.
How to Apply for an $8,000 Personal Loan Online?
When you choose to borrow a $8,000 personal loan online, the application and approval process is quick and usually takes up to 30 minutes.
Step 1. Determine your budget. Before applying for a loan, it is crucial to ensure you have enough funds to make regular monthly payments. Use a personal loan payment calculator to see your possible monthly payment amount and analyze your financial situation to see whether you can afford it.
Step 2. Compare lenders. There are numerous lenders on the market offering $8,000 loans. However, not every lender has convenient and suitable conditions for you. Shop around various financial organizations to find a provider with the most favorable terms.
Step 3. Prequalify online. Prequalification is a great chance to see your potential loan term, interest rate, and monthly payment amount. It does not affect your credit score, so you can pre qualify from multiple lenders and choose the best offer.
Step 4. Apply for a loan. After choosing a lender, fill out an online application form with your basic personal and financial details and provide the required documentation. Check whether the entered information is correct and submit a personal loan request.
Step 5. Get approved. Your lender will check your application data via a soft or a hard credit check and provide you with an almost immediate approval decision.
Step 6. Sign a loan agreement. If approved, read the loan conditions carefully and sign a contract if you agree with all the terms. Pay attention to an interest rate, fees, and the amount of monthly payments.
Step 7. Receive personal loan funds. Most online providers fund loans as soon as the next business day directly to a borrower’s checking account.
Types of $8,000 Loans
You can borrow $8,000 in the form of unsecured personal loans and secured personal loans. Furthermore, you can get a variable rate or a fixed rate loan. Let’s learn about each option.
Unsecured Loans
An unsecured personal loan is usually chosen by people with excellent or good credit scores. As lending funds without getting collateral is riskier for a financial institution, it will be less likely to accept bad credit borrowers.
Unsecured personal loans usually come with higher interest rates and have less favorable terms compared to secured ones. However, you don’t risk losing your valuable asset if you fail to repay the funds within the repayment period. Additionally, unsecured loans are processed faster and require less paperwork.
Secured Loans
If you have a low or poor credit score, borrowing money without collateral may be difficult. This is when secured loans come to the rescue. With a secured loan, you provide a lender with a valuable asset, such as your house, car, or investments.
Although a secured loan can help you borrow funds with bad credit and get an affordable interest rate, it can result in collateral being seized by a lender if you fail to repay the money.
Fixed-Rate Loans
A fixed-rate loan means your loan APR stays the same over the entire repayment period. With a fixed-rate loan, you make equal loan payments each month and know the exact amount you need to repay during the loan life. It prevents you from unexpected costs and difficulties with returning the money. Most banks, credit unions, private lenders, and P2P lenders offer $8,000 loans with fixed interest rates.
Variable-Rate Loans
A variable rate loan makes it impossible to predict the exact amount you need to pay for the loan monthly since your loan interest rate may fluctuate. You should be prepared both for lower and higher interest charges each month. Variable-rate loans usually come with lower initial interest rates due to the risks they involve.
How to Choose a $8,000 Personal Loan?
To get the best $8,000 personal loan offer, pay attention to the following criteria:
Interest rates
Each lending platform sets its own interest rates. Make sure to compare APRs various institutions offer to avoid overpayment.
Fees
Lenders may charge you late fees, prepayment penalties, origination fees, and other extra costs. Compare these charges among various providers and make sure there are no hidden fees.
Repayment terms
A loan term plays an essential role in the repayment process. While some borrowers prefer repaying a loan for two years in small monthly payments, others choose shorter terms with larger payments but lower final loan cost. Determine which option suits you and your finances more.
Eligibility requirements
Check the lender’s eligibility criteria before applying, paying attention to the minimum credit score and income required. This step can help you to determine whether you qualify for the chosen loan option.
Lender reputation
Nobody wants to face scams, especially when it comes to borrowing money. Check the customer reviews of a chosen lender, review the available information on the Internet, and check licensing details to ensure the chosen platform is reliable and secure.
Can You Get a $8,000 Loan with Bad Credit?
Yes, you can receive a $8,000 loan with a bad credit score. While traditional banks may offer you secured options, some online lenders might give you an unsecured loan regardless of your credit issues. However, you need to prepare for a higher interest rate with bad credit, which can make the total cost of your loan much higher.
While taking out a loan with bad credit is more challenging, the following tips can help you increase your approval chance:
Pre-Apply for a Loan
Many bad credit lenders offer the pre-approval option, allowing the applicants to see the loan amount they can qualify for and the potential interest rates they can get. With pre-approval, you can compare the conditions different institutions offer to you and choose the most favorable ones.
Apply with a Cosigner
To increase your chance of getting a positive response to your loan request, consider applying with a cosigner with a good credit history.
Choose a Secured Loan
An alternative to a cosigned loan is borrowing money against your valuable asset. It makes giving loan funds to you less risky for a lender since they can seize your house or car if you don’t repay the debt.
How to Use Bad Credit Personal Loans of $8,000?
$8,000 personal loans for bad credit can be used for various purposes, as lenders usually set no restrictions. Most applicants take out personal loans for:
- Debt consolidation;
- Home improvements;
- Car repairs;
- Wedding costs;
- Vacation financing;
- Startup or business costs;
- Medical bills.
What Is a Monthly Payment for a $8,000 Personal Loan?
A monthly payment amount for a $8,000 loan depends on your interest rate and the repayment period. Borrowers with a low credit score tend to pay more due to higher interest rates and limited repayment options. Here’s how your $8,000 loan payment can change based on the factors mentioned:
Repayment Period | APR | Monthly Payment | Total Loan Cost |
---|---|---|---|
12 months | 8.99% | $699.57 | $8,394.9 |
24 months | 8.99% | $365.44 | $8,770.59 |
12 months | 22.5% | $750.68 | $9,008.18 |
24 months | 22.5% | $417 | $10,008.08 |
While the examples provided above are estimates and can only be used for informational purposes, you can check out your particular loan cost with our simple loan calculator based on the terms offered.
Loan calculator
ESTIMATED MONTHLY PAYMENT
TOTAL LOAN AMOUNT PAID
TOTAL INTEREST PAID
TOTAL COST OF LOAN
How We Choose?
BadCredify financial experts compare 40+ lending companies to find the most reliable ones. To create our list of the best $8,000 personal loans, our specialists paid attention to the lender’s interest rates, extra charges, like late fees and prepayment penalties, reputation, deposit speed, and credit score requirements. Based on these factors, our expert team has chosen 11 providers with the most attractive $8,000 loan offers.
FAQs
How can I get an $8,000 personal loan immediately?
Many online providers deposit the $8,000 personal loan funds as soon as the next business day after approval. However, some lenders allow you to get same-day loans if you apply and get approved early in the morning.
Is it easy to get an $8,000 loan?
The ease of receiving a $8,000 loan depends on factors like your credit score and income. With a lower credit score, you are less likely to get approved for traditional loans. However, there are still providers who accept bad credit borrowers, offering them higher interest rates and less convenient loan terms.
Can I get an $8,000 loan with no credit?
Yes, you can receive a $8,000 loan with no credit. However, such loans come with higher interest rates and less favorable loan terms.
Can I obtain an $8,000 loan with no credit check?
Lenders usually perform at least a soft credit check to determine whether you are able to repay the $8,000 loan. Be careful when they promise you no-credit-check loans, as they may be fraudulent.
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