Universal Credit title logo

Our Rating: 90.0%


Universal Credit Personal Loan Review

Loan Amount:
$1,000 - $50,000
Minimum Credit Score:
APR IconAn illustrated APR Icon.
APRs From:
8.93% - 35.43%
Funding Speed:
As soon as same day

Features of Universal Credit Personal Loans


  • Offers rate discount with direct payment to creditors on debt consolidation loans
  • Option to change your payment date
  • Fast fund and approval process (in some cases as fast as one business day)
  • Accessible to fair credit borrowers
  • Offers free credit score access
  • Offers a 0.5 percentage point rate discount for setting up autopay


  • Carries an origination fee
  • No co-sign, joint or secured loan option

About Universal Credit Personal Loans

Universal Credit personal loans are a great option for bad-credit borrowers, especially those looking to consolidate debt.
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Est. APR
6.18% - 35.99%
Est. APR
9.95% - 35.99%
Est. APR
8.93% - 35.43%
Est. APR
6.99% - 19.99%
Loan Amount
$5,000 - $30,000
Loan Amount
$2,000 - $35,000
Loan Amount
$1,000 - $50,000
Loan Amount
$3,500 - $40,000
Loan Terms
3-5 Years
Loan Terms
2-5 Years
Loan Terms
3 to 5 Years
Loan Terms
3-6 Years
Min. Credit Score
Min. Credit Score
Min. Credit Score
Min. Credit Score

Universal Credit Personal Loan Snapshot

Loan Amount:

$1,000 - $50,000


8.93% to 35.43%

Minimum Credit Score:


Time to Funding:

As soon as same day

Has Origination Fee:


Origination Fee: 4.25% - 8%

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Pros and cons of Universal Credit Personal Loans

Before signing up for a loan with Universal Credit, take a look at this breakdown of some of its benefits and drawbacks.



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Loan Terms

Universal Credit doesn't have a minimum credit score requirement to qualify for a personal loan. Higher scores will result in lower interest rates and better loan terms. However, your credit score is just one factor that Universal Credit evaluates when determining loan eligibility. Credit usage, payment history and other details will impact your loan application.

Fees and penalties

Universal Credit Personal Loans may charge a personal loan origination fee of 4.25% to 8% of the personal loan amount. Universal Credit Personal Loans deducts the origination fee directly from your personal loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

How to get a Personal Loan with Universal Credit

To get a personal loan through Universal Credit, you must:

  • Be a U.S. citizen or permanent resident
  • Be 18 or older (19 or older in some states)
  • Have a verifiable bank account
  • Have a valid email address
  • Not available in DC, SC, WV
  • You’ll also need to meet Universal Credit’s other personal loan requirements, such as its criteria for credit and income.

Applicants with a credit score that ranges from 580 may be eligible for Universal Credit Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Universal Credit Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Universal Credit Personal Loans only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Universal Credit Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Universal Credit Personal Loans. Permanent resident / green card holders are also eligible to apply.