Best Personal Loans for Freelancers with No Steady Income in 2025
1. Upstart 💼
💳 Best for: Freelancers with a limited credit history
✔ Uses AI-based approval process that considers education and work experience
✔ Loan amounts: $1,000 – $50,000
✔ No minimum income requirement
🔹 Credit Score Needed: 580+
2. LendingClub 💰
💳 Best for: Freelancers with irregular income
✔ Peer-to-peer lending model
✔ Loan amounts: $1,000 – $40,000
✔ Accepts alternative income verification
🔹 Credit Score Needed: 600+
3. SoFi Personal Loans 🏦
💳 Best for: High-income freelancers with strong credit
✔ No fees and low interest rates
✔ Loan amounts: $5,000 – $100,000
✔ Accepts self-employed income documentation
🔹 Credit Score Needed: 680+
4. Earnest 📈
💳 Best for: Self-employed borrowers with future earning potential
✔ Flexible repayment terms
✔ Loan amounts: $1,000 – $75,000
✔ Uses non-traditional factors like career progression
🔹 Credit Score Needed: 650+
5. Upgrade 🔄
💳 Best for: Freelancers with fair credit and variable income
✔ Loan amounts: $1,000 – $50,000
✔ Allows alternative income sources for approval
✔ Fixed rates and no prepayment penalties
🔹 Credit Score Needed: 580+
6. Fundbox 🚀
💳 Best for: Short-term business loans for freelancers
✔ Loan amounts: $1,000 – $150,000
✔ Fast approval & funding within 24 hours
✔ Designed for self-employed & gig workers
🔹 Credit Score Needed: 600+
7. Avant 💳
💳 Best for: Low-credit freelancers needing quick access to funds
✔ Loan amounts: $2,000 – $35,000
✔ Fast online application & same-day funding available
✔ Accepts 1099 income & freelance earnings
🔹 Credit Score Needed: 550+
Tips for Freelancers to Qualify for a Personal Loan ✅
✔ Show consistent income from multiple sources (bank statements, PayPal, invoices)
✔ Improve your credit score before applying
✔ Provide tax returns (last 2 years) as proof of income
✔ Apply for a lower loan amount if approval is difficult
✔ Consider a co-signer if your income is unstable
Would you like a comparison chart to compare these options side by side? 😊💵
