Writer: Eric Bank
Editor: Lillian Guevara-Castro
Reviewer: Ashley Fricker
Key Takeaways
Our experts reviewed these loan services for their application processes, income requirements, and potential to help drivers cover expenses that keep them earning. Here are our top picks to explore:
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24/7 Lending Group: Best for exploring personal-loan options without affecting your credit score.
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MoneyMutual: Best for seeking short-term funding with self-employment income.
Loans for delivery and rideshare drivers with bad credit can help cover unexpected expenses, such as a car repair that keep you off the road. If driving is your main source of income, finding financing that fits your budget can help you keep earning.
If you’re driving for a rideshare or delivery service, keep reading to discover loan services that work with borrowers across a range of credit situations.
Personal Loans | Auto Loans | FAQs
Personal Loans For Delivery & Rideshare Drivers
These networks connect you with lenders specializing in personal loans tailored for those with bad credit. Whether you drive for major companies like Uber, Lyft, DoorDash, Postmates, and GrubHub, or work with lesser-known companies like Amazon Flex, GoPuff, and Ridejoy, you are encouraged to apply.
All of these online lender-matching services can give you immediate decisions and next-day funding with a minimum of hassle.
- Personal loans from $500 to $35,000
- All credit types are considered and welcome
- Simple, no credit impact form
- Helping consumers since 2001
- 4.7 out of 5 Trustpilot rating with 2,000+ reviews!
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $500 to $35,000 | 5.99% – 35.99% | 60 Days to 72 Months | See representative example |
A repair bill or other unexpected expense can interrupt your driving income before you have time to save for it. 24/7 Lending Group offers a free way to explore personal-loan rates without affecting your credit score, helping you check potential financing before committing to a lender.
If your earning come from deliver or rideshare work, ask how the lender verifies self-employment income and what records it needs. Review any proposed payment against what you typically keep after fuel, insurance, and maintenance, so the loan fits your driving budget.
2. MoneyMutual
- Short-term loans up to $5,000
- Online marketplace of lenders
- Funds available in as few as 24 hours
- Simple online form takes less than 5 minutes
- Trusted by more than 2 million customers
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| Up to $5,000 | Varies | Varies | See representative example |
It takes only a few minutes for MoneyMutual to prequalify you for a personal loan. You are eligible if you earn a monthly income of $800 or more, are at least 18 years old, and have an active bank account in your name. The MoneyMutual network of direct lenders is heavily experienced in finding ways to approve a loan application from bad-credit borrowers.
3. CashUSA.com
- Loans from $500 to $10,000
- Receive a loan decision in minutes
- Get funds directly to your bank account
- Use the loan for any purpose
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $500 to $10,000 | 5.99% – 35.99% | 3 to 72 Months | See representative example |
The direct lenders on the CashUSA.com network regularly approve personal loans to bad-credit consumers seeking a wide range of loan amounts and repayment term options. The company prequalifies applicants living in the United States who are 18 or older, earn at least $1,000/month after taxes and can provide a valid phone number, email address, and bank account number.
- Loans from $250 to $35,000
- Large lender network
- Fast loan decision
- Use the loan for any purpose
- Funding as soon as one business day, if approved
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $250 to $35,000 | 5.99% – 35.99% | 3 to 72 Months | See representative example |
PersonalLoans.com stands out as a matching service for personal loans in amounts much larger than those available from its competitors. You can arrange a loan repayment term long enough to make the monthly payments of even large installment loans affordable. Prequalified applicants will be 18+ and U.S. citizens or residents with dependable monthly income, a Social Security number, and an active bank account.
- Small personal loans starting at $100
- Receive an approval decision in as little as 2 minutes
- Funds can be deposited into your account in one business day and used for any purpose
- No hidden fees
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $100 to $20,000 | Varies | Varies | See representative example |
SmartAdvances.com may be worth exploring when a smaller expense, such as a replacement tire or urgent repair, threatens to keep you off the road. Its request form includes a self-employed income option, making it relevant to drivers without traditional pay stubs. Participating lenders set eligibility and repayment terms, so check that any offer’s payments leave room for vehicle expenses and slower weeks.
- Personal loans of up to $50,000
- All credit types welcome
- Receive funds in as little as 24 hours
- Fast approval decision
- Safe and secure application
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| Up to $50,000 | As low as 6.40% | Varies | See representative example |
Loan for Personal connects borrowers with lenders for expenses that may be too large to cover from the next few driving payouts. Its free request from includes auto purchases and other major expenses, giving drivers a starting point for exploring funding beyond a small cash shortfall. Have records of your driving earnings ready, and review the lender’s permitted loan uses and repayment terms before accepting an offer.
Auto Loans For Delivery & Rideshare Drivers
To be a Lyft driver or work for any rideshare and delivery service, a car is essential, but don’t worry if you have bad credit. With the right lender, you can overcome this hurdle. These two loan-matching services will connect you with a local car dealer committed to securing an affordable car or title loan, empowering you to earn income with companies like JustShareIt, Getaround, Instacart, and many others.
- Network of dealer partners has closed $1 billion in bad credit auto loans
- Specializes in bad credit, no credit, bankruptcy and repossession
- In business since 1999
- Easy, 30-second pre-qualification form
- Bad credit applicants must have $1500/month income to qualify
- See application, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $1,000 to $60,000 | 3.99% – 29.99% | 36 to 84 Months | See representative example |
Auto Credit Express (ACE) can prequalify you for a loan from a member of its car dealer network that specializes in helping borrowers with bad credit. You start the prequalification process by completing a short loan request dialog and then working with a local dealer to glide through the remaining steps. Most lenders on the ACE network self-fund their loans, so they can approve loans that conventional lenders may turn down.
8. LendingTree
- Auto loans for purchase, refinance, and lease buyouts
- Nationwide lender network
- Get matched with up to 5 lenders that fit your financial profile
- It only takes a few minutes and is free with no obligation
- See application, terms, and details.
| Interest Rate | In Business Since | Application Length | Reputation Score |
|---|---|---|---|
| Varies | 1998 | 4 minutes | 9.5/10 |
LendingTree specializes in quickly prequalifying you for a subprime auto loan from one of its network partners. You’ll need just a few minutes to complete the online loan request form. LendingTree can match you with up to five direct lenders that can provide a final decision and fund the loan on the same day.
- Free, no-obligation application
- Specializes in auto loans for bankruptcy, bad credit, first-time buyer, and subprime
- Affordable payments and no application fees
- Connects thousands of car buyers with auto financing daily
- See application, terms, and details.
| Interest Rate | In Business Since | Application Length | Reputation Score |
|---|---|---|---|
| Varies | 1994 | 3 minutes | 9.0/10 |
Car.Loan.com Auto Loans helps borrowers explore vehicle financing through dealers that work with credit challenges, which may be useful when you need to replace an unreliable car. Its online request is free and carries no obligation to accept financing, although it authorizes a credit inquiry that could affect your score. Tell the dealer and lender about your planned delivery or rideshare use, confirm the financing permits it, and choose a vehicle that meets your platform’s requirements.
Can I Get a Loan as a Delivery Driver With Bad Credit?
The lenders we’re discussing truly value hard work, and your commitment to earning an honest living as an Uber or Lyft driver speaks volumes, even if you have a bad credit score. There’s plenty of demand for dependable drivers at delivery services like Uber Eats, Shipt, Caviar, Favor, and Saucey.
You can get a loan for various reasons, like buying or fixing a car, covering car insurance bills, moving to a new neighborhood, or anything else you might need.
Most of the personal loan providers reviewed here require a monthly income well within the reach of delivery and rideshare drivers. For example, MoneyMutual can prequalify you if you earn $800 per month — that’s only $200 per week, an amount many drivers earn in less than two days.
It may be even easier to borrow from the auto loan networks reviewed above because the car collateralizes the loan. Lenders know that they can repossess a car from a borrower in default, so they are more willing to take a chance on a local resident. You can help the process by providing a down payment and selecting a modest (i.e., inexpensive) car to purchase.
If you already own your car but need additional money, consider a cash-out refinancing loan, which these networks will be happy to set up. With this kind of arrangement, you take out a new loan that’s larger than the balance on your current car loan. You then use part of the proceeds to pay off the old loan and pocket the remainder for any purpose you want.
How Can I Prove My Income as a Delivery or Rideshare Driver?
Most drivers working today are most likely to be self-employed individuals rather than employees. Indeed, the controversy came to a head in California after the state legislature in 2019 passed Assembly Bill 5, reclassifying many workers in the gig economy, including delivery and rideshare drivers, as employees. In 2020, voters approved Proposition 22, and the legislature passed AB 2257, which restored independent contractor status to drivers.
As independent contractors, drivers do not receive pay stubs, but there are several alternative ways to prove income:
- Form 1099: Independent contractors and the IRS receive a copy of Form 1099 each year no later than January 31. The form reports non-employee compensation of $600 or more for the previous calendar year.
- Monthly earnings summaries: Many of the rideshare and delivery companies issue monthly earnings summaries that drivers can print out or receive in the mail.
- Weekly earnings screens: Your company may have an online screen or dashboard showing your earnings for the week. You can take screenshots of these to build up a record of your earnings over time.
- Bank statements: Your monthly bank statements should show deposits from your company that demonstrate your earnings.
Granted that many of these solutions are workarounds. While not necessarily convenient, the problems they cause are dwarfed by bigger, employment-related issues regarding health insurance, retirement plans, unemployment insurance, workers comp, and many other topics.
Does Uber Give Loans to Its Drivers?
Uber does not have a loan program for its drivers, who are considered independent contractors, not employees. If you are an Uber driver and want a loan, you must look to sources outside your company, such as the Small Business Administration, banks, credit unions, and providers of personal and payday loan offers.
Several online companies provide cash advances to drivers who agree to sell a portion of their future earnings. The lender then collects payments by automatically deducting them from the driver’s bank account, usually charging a small fee.
Can I Get a Loan Working For DoorDash?
Drivers for DoorDash, referred to as Dashers, are not employees of the company and should not expect to borrow from it. Just as with the independent drivers who work for Uber, drivers at DoorDash can avail themselves of outside loan providers bolstered by their earnings and bank records.
When applying for an online personal loan or any other type of financing, it’s important for DoorDash drivers to identify themselves as small business owners or sole proprietors, rather than employees.
This article reviews online personal loan companies that cater to borrowers with bad credit. You may qualify for an unsecured personal loan from one of these services if you meet the income and other requirements.
Can Uber Drivers Apply For a PPP Loan?
The Paycheck Protection Program (PPP) first appeared in the 2020 CARES Act. PPP provided loans to many types of businesses, including self-employed contractors like drivers at Uber and other rideshare and food delivery companies. The program ended on May 31, 2021, so drivers can no longer apply for a new PPP loan.
If you previously received a PPP loan and have questions about repayment or forgiveness, check with your lender or review the SBA’s current guidance for existing borrowers.
Can Gig Workers Apply For EIDL?
The COVID-19 Economic Injury Disaster Loan (EIDL) program is closed to new applications. Eligible sole proprietors and independent contractors could apply during the pandemic, but it is no longer a source of new funding.
The SBA still offers non-COVID disaster loans for eligible businesses affected by qualifying declared disasters. A delivery or rideshare business may qualify depending on its location, economic losses, and the program’s requirements. Those loans aren’t general funding for an ordinary slowdown in driving income.
Can I Use a Financed Car For Uber?
Driving for Uber with a financed car is entirely allowed. What’s crucial is making sure you secure the appropriate commercial rideshare insurance to cover your vehicle.
Uber maintains car insurance company insurance coverage on your behalf while you are online on the Uber Driver app, but you can expand the car insurance policy for broader insurance coverage during all rideshare and delivery usage.
One interesting alternative to car financing offered by Uber is its Vehicle Marketplace Program that helps you with renting or leasing a car from a vehicle partner. Weekly rentals begin at $150 per week (varying by city), which includes rideshare insurance and basic maintenance.
The rental program features include:
- Low cost of commitment: When dealing with an Uber vehicle partner, you don’t need to sign a long-term leasing contract. There are few, if any, upfront costs. You can return the vehicle any time without advance notice.
- Flexible schedule: You can rent the vehicle by the hour or the week, and insurance is always included. You have the option to keep the car as long as you want. For weekly rentals, you need to make a $200 refundable deposit on your credit card.
- Flexible options: You can make choices regarding car insurance features, mileage limits, maintenance provisions, and other possible options. Also, you can arrange auto-payment on your credit card.
- Promotions: You may qualify for trip surge areas and Uber promotions specific to the rental partner.
The only rental cars that Uber allows must be part of an approved Vehicle Marketplace partnership with renters such as Hertz and Avis, among others. If there isn’t an available rental option in your area, you can drive with someone else’s vehicle as long as you are listed as an insured party.
Find the Loan You Need Online
In this review of loans for delivery & rideshare drivers with bad credit, we’ve identified several online lending networks for personal and car loans. Each is suited to borrowers with any kind of credit. You can get more information and prequalify for a loan by clicking the green START NOW link that will automatically transfer you to the lender’s website.
