Best Personal Loans with Co-Signers Online
For Good & Bad Credit

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Lenders That Accept Personal Loan Co-Signers

It could be for a variety of reasons, but you might not qualify for a personal loan on your own. Perhaps it’s because you haven’t always been a responsible borrower, or maybe you just don’t have any credit history to speak of. Fortunately, there’s a way for people in your position to get the funds you seek while also strengthening your overall credit report. If you’d like to learn more about bad credit personal loans with cosigners, here’s everything you need to know.

What Are Bad Credit Loans with Cosigners?

Generally speaking, personal loans with cosigners are designed for people with less-than-desirable credit scores and those who lack a substantial enough online credit history to appease lenders. As the name implies, cosigned loans involve having someone else — usually a friend or family member — also sign a loan application on your behalf.

How Can a Cosigner Help?

By adding a cosigner's income and credit history to your loan application, you’ll drastically increase your odds of qualifying for attractive terms. This is because, when you have someone else sign a loan application with you, the cosigner essentially agrees to take on responsibility for any outstanding balance if you neglect to pay the bill on time. In this way, the cosigner is leveraging their good credit to help you strengthen your own reputation as a borrower. But that’s not all you need to know about cosigned loans.

Pros and Cons of Cosigned Loans

While cosigned loans can seem pretty attractive to inexperienced borrowers, there’s more to the story than meets the eye when it comes to benefits and drawbacks of this type of financial arrangement. Here’s a deeper dive into the pros and cons of cosigned loans.

  • Pros
    • You can get a loan even if you have a poor credit score or little credit history.
    • If your cosigner has amazing credit, you could qualify for unbeatable terms.
    • By paying down a cosigned loan on time, your credit score will undoubtedly increase.
  • Cons
    • If your cosigner’s credit history isn’t strong enough, you’ll likely still be rejected.
    • You could damage your cosigner’s credit — and your relationship —  if you miss a payment.
    • It can be difficult to remove your cosigner’s name from a loan should you ever choose to do so

Online lenders that allow co-signers

Of all the lenders that offer personal loans for cosigners, Lightstream and FreedomPlus are two of our favorites. Here’s a quick look at each of their standout features and how these two institutions compare to one another when it comes to cosigned loans.

  • Lightstream: A division of Suntrust Bank, Lightstream is a lender that has a reputation for only approving cosigners with above-average credit. When reviewing joint applications, Lightstream considers factors including combined income and current debt, and your cosigner must have a minimum credit score of 660. Interest rates with Lightstream range from 3.99% to 16.79% (varies by loan purpose) with loan amounts from $5,000 to $100,000. Repayment terms span from two to 12 years (depending on the loan amount and loan purpose), and funding can be provided the same day it’s approved in many cases.


APR: 4.99 — 16.79% with AutoPay
Loan Terms: 2 to 7 years
Loan Amount: $5,000 — $100,000
Time to Fund: As soon as same day
Minimum Credit Score: 660+
Income: N/A
Soft Credit Check? In some instances
LightStream Read Our Review
Click "Check Rates" to apply to LightStream

  • FreedomPlus: With roughly 40% of their borrowers using cosigners, joint loans are nothing new to FreedomPlus. This lender grants customers reduced interest rates if they add a cosigner with solid credit. FreedomPlus offers fixed-rate APRs ranging from 4.99% to 29.99% on two- to five-year loans for amounts from $7,500 to $40,000. FreedomPlus will occasionally approve cosigners with scores starting at 640, but borrowers are far more likely to get approved with a credit score of 700 or higher. Funding takes as little as two days, and, depending upon your cosigner’s credit and the amount of the loan, an origination fee of up to 5% might be required.


APR: 4.99% — 29.99%
Loan Terms: 2 to 5 years
Loan Amount: $10,000 — $35,000
Time to Fund: As little as 2 days
Minimum Credit Score: 640+
Income: $30,000+
Soft Credit Check? Yes
FreedomPlus Read Our Review
Click "Check Rates" to apply to FreedomPlus

Cosigned Loans for People with Bad Credit

If your credit history and your credit score leave a lot to be desired, you still have options when it comes to cosigned loans. Among the best ways for people with bad credit to secure a cosigned loan is to apply for one with OneMain Financial. OneMain specializes in working with individuals who want to rebuild their credit reputation with the help of a cosigner. This institution issues loans from $1,500 to $25,000 with repayment terms ranging from one to five years. APRs span from 16.05% to 35.99%, and while OneMain doesn’t require a minimum credit score for cosigners, they almost always insist that applicants visit one of their many branches prior to approval.

» MORE: Loans For People With Bad Credit


A Closer Look at Lenders’ Conditions for Cosigners

Not all lenders were created equal, and each has their own set of guidelines when it comes to cosigned loans. In a nutshell, here’s what you need to know about today’s top lenders.

ChaseN/AOnly co-signed auto loans

Company APR Range Loan Amounts
LendingClub 5.99%-35.89% $1,000-$40,000
OneMain 18.00%-35.99% $1,500-$20,000
FreedomPlus 4.99%-29.99% $10,000-$35,000
Bank of America N/A Only co-signed loans for auto refinancing
Wells Fargo 5.50%-13.79% $3,000-$250,000
Click to compare estimated rates on PrimeRates.

  • LendingClub: No restrictions on what loans can and can’t be used for. LendingClub considers credit scores, income, debt, and credit history when approving loans. Both signers are equally responsible for repayment.
  • OneMain Financial: Specializes in secured and unsecured personal loans. Primary applicants must report their source of income, and if they depend on someone else for money, that individual must also assume the responsibility of a cosigner.
  • FreedomPlus: No restrictions on what loans can and can’t be used for. Both cosigners apply for a joint credit account based on combined income, debt, and assessed creditworthiness.
  • Bank of America: Only approves cosigned loans for auto refinancing. Both you and your cosigner are required to provide W-2s, tax returns, recent pay stubs, and bank statements.
  • Chase: Only approves cosigned auto loans. Both cosigners must provide the same documentation during the application process. The cosigner assumes equal responsibilities for repayment
  • Wells Fargo: Specializes in auto and home-equity finance loans. Cosigners share equal responsibility for a loan.


If you’re ready to apply for a personal loan with a cosigner, one of our featured lenders might be a perfect fit for you. Take your time while weighing your options, and apply with the institution most likely to meet your needs.

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Information used in this tool has been gathered from the lenders’ websites and others publicly available sources. While we do our best to ensure our information is up to date and calculations are accurate, all information is presented without warranty. If you find information or calculations you believe to be in error, please contact us. Estimated interest rate, APR, and other terms are not binding in any way. Your actual interest rate and APR will depend on factors like credit score, requested loan amount, loan term, and credit history. Only borrowers with excellent credit will quality for the lowest rate. All loans are subject to credit review and approval by our lender partners. When evaluating offers, please review the lender’s terms and conditions for additional details.

The operator of this website is not a lender, does not broker loans to lenders and does not make personal loans or credit decisions. This website does not constitute an offer or solicitation to lend. This website will submit the information you provide to a lender. Providing your information on this website does not guarantee that you will be approved for a personal loan. The operator of this website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product.

The offers that appear on this site are from third party advertisers from which PrimeRates receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). PrimeRates strives to provide a wide array of offers, but our offers do not represent all financial services companies or products.

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