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

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Edited bySarah Mattie
Edited bySarah Mattie

Updated: December 28, 2023

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Best Low-Income Loan Lenders in Wisconsin

Our team analyzed over 30 data points to pick Wisconsin’s best low-income lenders. We looked at interest rates, loan amounts, terms, credit requirements and other data to find the best providers.

Upgrade is Wisconsin's overall best low-income loan provider based on our findings. However, "best" varies depending on the borrower’s profile. For instance, if you also have bad credit, we found Upstart offers the best loans. Meanwhile, we recommend Prosper if you have good credit.

Best Overall Low-Income Loan in Wisconsin: Upgrade


Runner-Up for Best Low-Income Loan in Wisconsin: LendingClub


Best Low-Income Loan for Bad Credit in Wisconsin: Upstart


Best Low-Income Loan for Good Credit in Wisconsin: Prosper


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

Low-income Wisconsinites can still access personal loans for large expenses and debt consolidation. The amount you can get varies based on your profile, but the average personal loan debt in the state is $16,953.

Before you apply for a low-income loan in Wisconsin, MoneyGeek suggests you go through this process.


Ask Yourself the Important Questions

To better understand your situation and why you need a loan, ask yourself these questions:

  • How much funding do you need? Keep in mind that personal loans are repaid with interest. As such, it’s important to know how much money you need to avoid unnecessary interest payments.
  • What’s your credit score? Loan providers often have minimum credit requirements. Knowing your credit score lets you identify which companies you can get a loan from.
  • Can you afford the monthly payments? Calculate your expenses to check if you can afford your potential loan payments.
  • Do you have existing debts? Lenders will assess your debt-to-income (DTI) ratio. You'll have difficulties getting loan approval if you have a low income and high debt.
  • Is your debt manageable through other means? Before getting a personal loan to consolidate your debt, know that you have other options. For example, you can sell your unused assets to get funding or transfer your credit card balance to a 0% APR card.

Do Your Research

We suggest you research several loan providers before committing to one company. Read offers from multiple companies and check different resources to understand your options.

MoneyGeek ranked the best low-income loan providers in Wisconsin. But since our picks are based on generalizations, it’s better if you do your own research and find companies using your own analysis.



It’s a good idea to wait a day or two before finalizing your decision. Waiting can let you gain a fresh perspective on the situation.

Personal loans are serious financial commitments that involve several years of interest payments. The average interest rate for personal loans in Wisconsin is 9.78%. To lessen your expenses, you must be sure that you’re getting the best rate with the company you choose.


Read the Fine Print

Reading the fine print is also important as it lets you see details you may have missed during your initial research.

We suggest that you check the fees that go with your loan. For example, most low-income lenders in Wisconsin don’t charge prepayment fees, but some companies do. Additionally, look out if the provider charges origination and late payment fees.

You can save yourself from fees and a stressful customer experience by reading the fine print.



If you’ve already gone through the steps above and found a lender you can be confident with, all that’s left to do is to apply.

Before contacting the lender, we suggest you prepare the documents needed for the application process. Most companies ask for your identification, proof of address and income statements. Depending on your profile, you may need to provide more documents.

It’s easy to get a low-income loan in Wisconsin. Most lenders have online application processes, allowing you to get a loan in the comfort of your home.

Nonetheless, you can visit a branch and transact in person if that’s what you prefer. Go with the most comfortable process to ensure you'll get clarifications on your concerns.

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

Low-income loans in Wisconsin get disapproved for various reasons. Usually, loan companies reject applications due to low credit scores, insufficient income or incomplete documents. If your loan gets rejected, don’t worry. There are ways for you to continue your loan application journey.

MoneyGeek recommends contacting the loan company about why your loan was declined. Ask if the company will reconsider your application if you change terms or get a co-applicant.

It’s not advisable to immediately send a new application to another company. The first lender’s issue may again show up and result in another rejection. Plus, that recent credit pull could have lowered your score.

Instead, we suggest you fix your credit profile and improve your creditworthiness. This may involve repaying some of your debts or finding a new job to increase your income.

Lastly, even if you’re desperate, you’re better off avoiding payday loans. They trap you deeper in debt with their high interest rates and short repayment terms.

Calculate Your Monthly Payment

Remember, personal loans are repaid over several years and with interest. The average interest rate in Wisconsin is 9.78%. To help you check if you’re financially prepared to get a low-income loan in Wisconsin, you can use MoneyGeek’s personal loan calculator.


FAQs About Low-Income Loans in Wisconsin

MoneyGeek responded to some frequently asked questions about low-income loans in Wisconsin to help in your decision-making process.

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


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MoneyGeek analyzed more than 30 personal loan companies using over 35 data points in six categories. These included accessibility, consumer friendliness, customer service, flexibility, transparency and affordability.

We considered points we feel have the most weight when choosing a personal loan provider. These included fees, APRs, credit requirements, disbursement times, loan amounts and income needs.

At MoneyGeek, we value you. So, we also analyzed customer support, business ratings and other features that could improve your experience. This includes the company’s prequalification process, payment options and mobile apps.

After careful consideration, we made our picks with your best interests in mind. Our personal loan recommendations and expert tips intend to help you make smart financial decisions.

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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.