Best Low-Income Loans in North Dakota: Top Lenders and Rates for 2024

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Edited byScott Strandberg
Edited byScott Strandberg

Updated: December 28, 2023

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Best Low-Income Loan Lenders in North Dakota

To find the best low-income loan lenders in North Dakota, MoneyGeek’s analysis examined more than 30 data points, such as available loan amounts, repayment terms and APR ranges. We also took into account factors that can affect a low-income borrower’s chances of getting loan approval. These include minimum credit scores and debt-to-income ratio requirements.

We discovered that Upgrade offers the best overall low-income loans in North Dakota. But depending on your borrower profile, a different low-income lender may be preferable. For example, Upstart is the best option if you have bad credit.

Best Overall Low-Income Loan in North Dakota: Upgrade


Runner-Up for Best Low-Income Loan in North Dakota: LendingClub


Best Low-Income Loan for Bad Credit in North Dakota: Upstart


Best Low-Income Loan for Good Credit in North Dakota: Prosper


How to Choose the Best Low-Income Loan in North Dakota for You

In North Dakota, the average personal loan debt is $15,869, and the average credit score is 733. If your credit score is at or above this level, you’re likely to secure more favorable terms when you apply for a low-income loan in the state.

Given that there are many low-income loan lenders in North Dakota, MoneyGeek recommends taking the following steps to find the best option for your needs.

Ask Yourself the Important Questions

Ask yourself the following questions to ensure a low-income loan is the best fit for your needs and situation.

  • How much funding do you need? It’s vital to find out how much money you need for a specific purpose. This way, you can find a lender with a favorable loan amount range that can accommodate your requirements.
  • What’s your credit score? Check your credit score and determine if it meets the lender’s minimum requirements. Note that a higher credit score can increase your chances of getting loan approval with favorable terms.
  • Can you afford the monthly payments? Evaluate your repayment abilities. If you can’t fit the monthly payment into your budget, it’s best not to get a low-income loan.
  • Do you have existing debts? Consider your existing debts and determine if it’s wise to take on more debt.
  • Is your debt manageable through other means? It’s best to explore other ways to manage your debt or finance a significant expense before taking out a loan. Examples include using a credit card or borrowing from a friend.
Do Your Research

Because there are many low-income loan lenders in North Dakota, it’s vital to explore multiple options. MoneyGeek provided some recommendations in this guide, but our top picks may not fit your unique situation. Through your own research, you can find out which lender is the most suitable for your needs. Make sure to pay close attention to each lender’s available loan amounts, repayment terms, APR range and loan-related fees.


A low-income loan is a serious financial commitment. It’s advisable to wait for a few days before finalizing your decision to ensure you are making a wise choice and working with the best lender for your situation. By waiting, you may even find another way to settle your financial needs without paying a high interest rate for several years.

Read the Fine Print

If you’re sure about getting a low-income loan from your preferred lender, it’s imperative to read the fine print before applying. Look out for fees, such as origination fees, prepayment penalties and late fees. Studying such details can help you avoid costly charges down the line.


Once you’re 100% sure about your decision, you can send in your low-income loan application. Make sure you have all the necessary documents, including identification, proof of income and address verification. Depending on your preferred lender, you may submit your application online, over the phone or in person.

What to Do if You Can’t Get a Low-Income Loan in North Dakota

Prequalifying for a low-income loan doesn’t guarantee that your loan application will get approved. Lenders often deny loans due to various reasons, such as income issues, poor credit, inaccurate applications and more.

Don’t hesitate to call your lender and ask why your loan application was denied. Afterward, you can ask if modifying your application can make it more acceptable. Perhaps lowering your loan amount or decreasing your repayment term length may change your lender’s decision.

If not, you may try your luck by applying elsewhere. However, you may yield similar results if the reason behind your loan application rejection is your credit score or DTI ratio. It’s advisable to improve it before submitting a new application to increase your chances of loan approval.

As much as possible, don’t resort to payday loans. They may provide quick access to cash, but they carry steep interest rates and require fast repayment. Payday loans frequently worsen borrowers’ financial difficulties.

Calculate Your Monthly Payment

Once you receive your low-income loan, you will start making monthly payments with interest. MoneyGeek’s personal loan calculator can help you estimate how much you’ll spend monthly to see if your budget can cover it.


FAQs About Low-Income Loans in North Dakota

Getting the best low-income loan in North Dakota will depend on your needs as well as your credit score and income. Browse through MoneyGeek’s answers to some frequently asked questions below to learn more information.

What is the best low-income loan lender in North Dakota?
Which lender in North Dakota has the lowest interest rates for low-income?
What kind of debts can I not use my low-income loan for in North Dakota?
How much debt can I consolidate in North Dakota?
How long does it take to get a low-income loan in North Dakota?
Can I pay off my loan early in North Dakota?


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MoneyGeek used 35 data points to analyze more than 30 personal loan lenders. Each data point fell into a specific category: accessibility, affordability, consumer friendliness, customer service, flexibility and lender transparency.

For each category, we considered the data points that we think carry the most weight when deciding on a personal loan lender. These include application fees, APR ranges, minimum credit score and income requirements, disbursement times and loan amount options.

We also took into account each lender’s additional features that influence a borrower’s loan experience, like mobile apps, payment options and prequalification.

When choosing our picks, MoneyGeek kept your best interests in mind. Our recommendations are meant to help you make wise decisions when choosing the best low-income loan in North Dakota based on your borrower profile.

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The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.