Universal Credit Personal loan Review 2022 | Get 50K Personal loan with Bad Credit & No Check

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Universal Credit Overview

Universal credit is an online lending platform that is powered by fintech form from upgrade which was in operation in 2017. Universal credit is not a bank itself but it allows people to take loans from them through its lending partners. It specializes in personal loans, especially for bad debt consolidation.

Universal Credit Also offers a mobile app to manage the loan process and progress.


  • Loan amount starting from $1,000 – $50,000
  • Soft Pull Credit check available
  • Universal Credit offers Option to change your payment date.
  • Offers rate discount with direct payment to creditors on debt consolidation loans..{alertSuccess}

  • Universal Credit charges origination fees.( See the rates below)
  • Universal Credit offers No co-sign, joint or secured loan option.
  • Universal Credit Potentialy charges higher APR of 35.43%  {alertError}


Get Debt Consolidation Loan

Universal Credit offers personal loans for many purposes such as debt consolidation, home improvements, and big purchases. So if you are looking for a big loan amount then Universal Credit can be the best option for you if you have a bad credit score.

So Universal credit offers both types of personal loans debt consolidation loans and personal loans both the loans are with fixed rates and fixed terms so if you are looking for a debt consolidation loan then your funds can be distributed directly to your creditors so that you have only one payment in a month so you don’t need to worry about all the payment each months.

Annual Interest Rate and Fees

Universal Credit offers an annual interest rate of 8.93% to 35.93%. The APR will depend upon your credit score and your creditworthiness. There are also more things you need to know before you apply for this loan like the Fees and Charges of this loan.

The Universal credit charges an origination fee of  4.25% – 8%  of the loan amount which will be deducted at the time of loan funding.

Minimum Credit Score Required

At Universal Credit, they don’t really specify the requirement of credit score as this is the loan for bad credit people therefore the credit score for this loan is 560 which is the for people who have bad credit. 

Offered Loan Amount

Universal Credit offers personal loans from $1,000 – $50,000 which can be funded to your account within one business day.  

Eligibility Criteria 

There are some basic requirements you should fulfill before taking a bad credit loan. Here is the list :
  1. You should be at least 18 years old
  2. You must be a United States citizen or have a US Visa
  3. You must have a valid active US bank checking account
  4. You have to provide a valid email address and a phone number

Required Documents

  • Valid Identity Proof, VIsa
  • Have to provide a DOB.
  • Valid current mobile number and Email id.
  • An active American bank account.

Repayments Terms

The repayment term of the personal loan is from 36 months to 60 months. Also according to the website you can repay your loan amount earlier also. But they didn’t specify the pre-payment penalty.   

Example of the Universal Credit loan

For example, if you receive a $10,000 loan with a 36-month term and a 27.65% APR (which includes a 22.99% yearly interest rate and a 6% one-time origination fee), you would receive $9,400 in your account and would have required monthly payment of $387.05. Over the life of the loan, your payments would total $13,933.62.

Apply for Universal Credit :

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Who is this loan good for

People who are looking for a completely online process
Borrowers who are looking for an easy personal loan with bad credit.
People who are looking for a credit check loan.

Editorial NoteMakeHelpOf does not receive any commission from any website or third-party advertisers. This is just a review article based on consumers’ experiences from the internet. It’s accurate to the best of our knowledge when it’s posted. Please read all the information carefully before you make any decision. {alertInfo}