Online Personal Loans for Fair Credit

Pioneer Bank is always ready to lend you a helping hand when you feel the ground slipping under your feet. Even if you don’t meet the minimum credit score requirements for traditional personal loans, you’re welcome to apply for a fair credit loan through Pioneer Bank. We take care of fair credit borrowers and want to help them reach a better financial future together. We offer reasonable interest rates and an origination fee to compete with other fair credit lenders and be the #1 place you can turn to when you need to borrow money fast. Our loans have flexible repayment terms and can be repaid in weekly, bi-weekly, semi-monthly, or monthly payments. Choose the option that suits your paycheck schedule to pay off a loan without a hassle.

Understanding of Fair Credit

If we use a FICO credit score scale, a fair credit score ranges between 580 and 669. Customers whose credit scores are at this point are called subprime borrowers. What does it mean to you if you’re “subprime?” Actually, it may affect various spheres of your life, including finances. As most personal loan lenders perform hard credit checks of your credit history through major credit bureaus, they usually reject fair credit borrowers or offer high interest rates to them. Thus, it may be harder for you to qualify for a personal loan or other credit accounts. 

At Pioneer Bank, we want to treat our clients like a family and turn a blind eye to their credit report issues. We reduce the minimum credit score requirement to help you get the loan amount you need to reach your financial goals.

Can I Get Personal Loans With Fair Credit?

At Pioneer Bank, there is nothing impossible for borrowers with fair credit scores. We offer the best fair credit loans possible to meet your current needs. Your credit and payment history is not a determining factor for making a loan decision. Applying with us, you’re welcome to get up to $15,000, even if your credit score leaves much to be desired. Maximum and minimum loan amounts vary depending on your income, credit usage, debt-to-income ratio, credit utilization ratio, and credit score. 

Solve Your Financial Problems With Fair Credit Personal Loans

We don’t set any restrictions on your loan purpose. Whatever your needs are, you can count on our financial assistance. Here are some ways you can use a personal loan for fair credit:

  • Cover your medical expenses;
  • Pay off utility bills;
  • Refinance your existing debt;
  • Use them as credit card debt consolidation loans;
  • Make rent or mortgage payments;
  • Go on vacation;
  • Make major purchases;
  • Finance family holidays.

Note: If you’re going to consolidate debt with the help of a fair credit personal loan, compare an interest rate first. A debt consolidation loan needs to be cheaper to carry benefits to you. At Pioneer Bank, we strive to offer the best personal loan conditions possible in your financial situation.

Features of Fair Credit Personal Loans

  • Unsecured personal loans that don’t require collateral;
  • Loan origination fees vary from 2% to 5%;
  • Interest rate between 5.99% and 35.99%;
  • Loan terms up to 60 months;
  • Minimum income requirements of just $20,000 annually;
  • No prepayment penalty;
  • A soft credit check may be used for pre-approval;
  • An affordable monthly payment;
  • Available for less-than-excellent credit;
  • A secured loan option is available.

Fair Credit Personal Loan Advantages

  • Minimum credit score requirements are reduced;
  • A reasonable annual percentage rate;
  • Flexible repayment terms;
  • A low origination fee;
  • Fast direct deposit to your bank account;
  • No checks of credit reports for pre-approval.

What Do You Need to Get a Personal Loan for Fair Credit in Pioneer Bank?

Pioneer Bank strives to help people access equal credit possibilities. Our options are accessible to almost any borrower, and we like to support each of them on their way to financial stability. We offer personal loans with the following eligibility criteria:

  • An adult;
  • A credit score between 580 and 669;
  • A minimum annual income of just $20,000;
  • Have a valid ID and Social Security Number;
  • Permanent US resident;
  • Have an active checking account;
  • For secured loans – a pledge needs to be in a borrower’s name;

Apply With Pioneer Bank And Get The Best Personal Loans for Fair Credit

At Pioneer Bank, you can get loan approval regardless of your credit history issues. We offer a lower origination fee than other personal loan lenders charge. As we strive to support our customers in difficult financial situations, our interest rates are cheaper than average personal loan rates. If you’re looking for the best loans for fair credit, we can probably help you get them. Here are the steps you need to take to get a loan with fair credit:

  1. Decide on a loan amount you need. Loan amounts are usually between $1,000 and $15,000. The exact sum you can get depends on your income and credit score.
  2. Gather necessary documentation. You may require to fax a copy of your pay stubs, bank statements, driver’s license, or proof of residence.
  3. Wait for a loan decision. We will try to check your application details as soon as possible, but it may take us several days to complete a loan verification.
  4. Accept a loan agreement. If a loan decision is positive, read and sign your loan contract to get started.
  5. Receive a loan and start making payments. We deposit money to your checking account within one business day. After all, you need to make monthly payments in accordance with your payment schedule.

Pre-qualify now and find out what loan amount you can get today! Have some questions left? Contact us for a detailed explanation.