How to Get a Bad Credit Loan from Axos: A Practical Guide for 2025

If you’re facing a financial emergency and your credit score is less than ideal, it can feel like you’re running out of options. It’s easy to assume that having bad credit means you’re stuck, especially when you need money quickly. But the reality is, there are more opportunities for people with bad credit in 2025 than ever before. One such option is Axos. Let’s explore how to get a bad credit loan from Axos.

Axos is a trusted online bank specializing in offering personal loans, even to those with less-than-perfect credit scores. Unlike traditional banks, Axos is flexible and transparent, allowing those with bad credit to regain control of their finances. In this guide, we’ll walk you through how to get a bad credit loan with Axos, discuss their loan application process, and show you how Beem can help you compare offers to ensure you get the best deal.

What Is an Axos Bad Credit Loan?

Axos is an online-only bank that provides various financial services, including personal loans for individuals with bad credit. The convenience of online banking means you can apply for a loan from the comfort of your home. 

Axos aims to help people who might not qualify for loans with traditional banks by offering more flexible terms and competitive interest rates. Axos offers a variety of loans, with a focus on personal loans. 

Key Features of Axos Bad Credit Loans

Here’s a quick rundown of what you can expect with an Axos bad credit loan:

• Loan Amounts: Typically range from $1,000 to $50,000.
• Repayment Terms: Loan terms generally range from 2 to 5 years, giving you time to repay your loan in a way that fits your budget.
• Interest Rates: While rates are higher for bad credit borrowers, Axos offers more competitive rates than payday loans or other high-interest lenders.
• Transparency: Axos is committed to providing a transparent loan process without hidden fees or prepayment penalties.

Eligibility Criteria for an Axos Bad Credit Loan

Credit Score Requirements

Axos does not have a strict credit score requirement for borrowers. However, they typically accept individuals with a FICO score of 560 or higher, which is considered poor credit. Qualifying may be more complicated if your score is below 580, but it’s still worth applying since Axos looks at more than just your score.

Other Factors for Approval

In addition to your credit score, Axos considers the following when evaluating your application:

• Income: A steady job or income stream is crucial. This could include a full-time job, side hustle, or government benefits.
• Employment Status: Lenders like Axos want to see that you have a stable job or income, as it suggests you can reliably make payments.
• Debt-to-Income Ratio: Lenders also assess your overall financial situation, specifically how much debt you currently have compared to your income.

How to Apply for a Bad Credit Loan from Axos

Here’s how to apply for a bad credit loan with Axos:

1. Check Your Credit Score

Before applying, check your credit score. Knowing your score gives you an idea of what loans you may qualify for and helps you set realistic expectations. Axos accepts people with a FICO score as low as 560, but the better your score, the more favorable your loan terms may be.

2. Gather Necessary Documents

Axos will ask for some basic documents during the application process: proof of income (such as pay stubs or bank statements), identification (driver’s license or passport), and proof of residence (like a utility bill or lease agreement)

3. Submit the Online Application

The application process is quick and straightforward. You’ll complete an online form with your personal and financial information, including your income, employment details, and monthly obligations. 

4. Wait for Approval

Once you submit your application, Axos will review your information and let you know if you’re approved. Depending on the complexity of your application, this process can take a few hours to a few business days.

5. Understand the Loan Terms

Before accepting the loan, be sure to read through the terms carefully. This includes the interest rate, loan amount, monthly payments, and fees. Also, make sure you’re comfortable with the repayment schedule.

What to Expect When Getting a Bad Credit Loan from Axos

Loan Amounts and Terms

Axos offers loan amounts ranging from $1,000 to $50,000. You can choose a loan amount that fits your financial situation, whether you’re covering a minor emergency or consolidating debt. The repayment periods are typically between 2 and 5 years, giving you ample time to repay the loan.

Interest Rates

Interest rates for bad credit borrowers can be higher, and Axos is no exception. However, Axos offers competitive rates compared to payday or other subprime lenders. The rates will vary depending on your credit history, the loan amount, and the debt-to-income ratio. Generally, expect rates to range from 10% to 36%.

Fees and Penalties

Axos does not charge prepayment penalties, meaning you can pay off your loan early without extra fees. However, they may charge an origination fee for processing the loan, typically between 1% and 5% of the loan amount. Be sure to read the fine print to understand all applicable fees.

Loan Approval and Disbursement

Once approved, funds are usually disbursed within 1–2 business days. You’ll receive the funds via direct deposit into your checking account, which speeds up the process significantly compared to traditional banks.

Pros and Cons of Getting a Bad Credit Loan from Axos

Pros

• Transparent process with no hidden fees.
• Competitive rates for bad credit borrowers.
• Flexible loan amounts and repayment terms.
• Fast approval and disbursement process.

Cons

• Higher interest rates for borrowers with bad credit.
• Limited options for those with extremely low credit scores.
• May require additional documentation to verify income.

Is Axos the Right Choice for You?

When Axos Makes Sense

Axos is an excellent fit for individuals who:

• Have moderate credit issues but a steady income.
• Need flexible repayment options.
• Prefer a digital-first application process with fast approval.

Alternative Loan Options

If Axos doesn’t meet your needs, consider exploring other lenders like Upstart, LendingPoint, or Peer-to-Peer Lending. Beem can help you compare multiple lenders and find better rates or larger loan amounts.

How to Avoid Common Pitfalls

Always be careful when selecting a loan. Avoid predatory lenders with high fees, and compare multiple offers using Beem’s platform. This ensures that you’re getting the best deal for your situation.

Quick Cash for Emergencies: How Beem’s Everdraft™ Can Help

If you need emergency cash fast, Beem’s Everdraft™ feature allows you to access $10 to $1,000 without a complete loan application. It’s a quick and easy way to cover urgent expenses without jumping through the typical loan application hoops.

Everdraft™ is designed for short-term needs and provides fast access to cash with no credit checks or lengthy paperwork. Whether for a sudden bill or an unexpected expense, Everdraft™ can help bridge the gap without the hassle of applying for a traditional loan.

How It Works

Apply through Beem’s platform, choose the amount you need, and receive funds directly in your account—often within minutes. This makes it ideal for those needing cash quickly and not wanting to deal with lengthy approval processes.

Conclusion

Securing a loan with bad credit might seem like a tough challenge, but Axos is here to help. With flexible loan options and competitive terms, you don’t have to feel trapped by your credit score when figuring out how to get a bad credit loan from Axos. Whether it’s for consolidating debt or tackling an emergency, Axos makes it possible for you to move forward. And with Beem, you can easily compare different offers to find the loan that best suits your needs, ensuring you make an informed and confident decision. Download the Beem app here.

FAQs on How to Get a Bad Credit Loan from Axos