Banks generally have minimum income and credit-score requirements for unsecured loans. Some may also require you to have an account with them. Annual percentage rates, or APRs, typically range from about 6% to 25%. Banks typically offer higher APRs if you have low credit scores.
But every lender will have its own loan application requirements and criteria for what it considers an acceptable credit score and credit history. That?s why it?s important to shop for different loan offers when looking for bank loans for bad credit.

Darryl founded Smith Financial Advisors Inc. in 2006 after over 30 years experience in financial services including Mergers & Acquisitions, Investment Banking and traditional Commercial Banking activities at Bank One. Smith Financial Advisors is a Registered Investment Advisor in the State of Illinois. The firm specializes in Investment management, financial planning, and retirement planning.