Blue Mountain Loans might seem like an easy solution when you need cash fast, but there are plenty of reasons to look for alternatives. For starters, loan amounts are small — capped at just $1,200 — which might not be enough to cover your expenses. On top of that, interest rates are sky-high, with APRs reaching up to 660%.
Beyond the cost, Blue Mountain Loans has a poor reputation, with an F rating from the Better Business Bureau (BBB) and plenty of negative reviews from borrowers online. If you need more affordable rates, longer repayment terms or a lender with better customer service, you have multiple options to choose from. Below, we’ve rounded up six alternatives that can get you the funds you need.
Our top 6 picks for loans like Blue Mountain Loans
If you're looking for a lender that has larger loan limits than Blue Mountain Loans, consider SoFi. SoFi offers loans from $5,000 to $100,000, while Blue Mountain Loans are limited to $1,200 max.
SoFi also gives you a lot longer to pay off your loan, you can take anywhere from two to seven years for repayment. That's a lot longer than the 12 months maximum offered by Blue Mountain Loans. And APRs are much lower, too — APRs on SoFi loans range from 8.99% to 29.49% compared to Blue Mountain Loans' maximum of 660%.
Min. credit score
680
APR
8.99% to 29.49% fixed APR
Loan amount
$5,000 to $100,000
Available in all states
If you're looking for a lender that has larger loan limits than Blue Mountain Loans, consider SoFi. SoFi offers loans from $5,000 to $100,000, while Blue Mountain Loans are limited to $1,200 max.
SoFi also gives you a lot longer to pay off your loan, you can take anywhere from two to seven years for repayment. That's a lot longer than the 12 months maximum offered by Blue Mountain Loans. And APRs are much lower, too — APRs on SoFi loans range from 8.99% to 29.49% compared to Blue Mountain Loans' maximum of 660%.
Pros
Wide range of loan amounts
Variety of repayment terms
Offers autopay discount
Cons
High minimum loan amount
Requires good credit
Optional origination fee to lower interest rate
Loan amount
$5,000 to $100,000
APR
8.99% to 29.49% fixed APR
Interest Rate Type
Fixed
Min. credit score
680
Turnaround Time
Up to 2 business days
Loan Term
2 to 7 years
Fixed rates from 8.99% APR to 29.99% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 3/06/23 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive. Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi. Direct Deposit Discount: To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your “Loan”), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.
Upstart is a great option If you have less-than-perfect credit. This loan marketplace considers applicants with credit scores as low as 300. As a bad credit borrower, you probably won't qualify for Upstart's lowest advertised APR of 6.7%. But Upstart's maximum APR of 35.99% is still much lower than what you could be charged by Blue Mountain Loans, with APRs topping out at 660%.
Upstart is also a good choice if you need money fast, once your application is approved, you can get funding in as little as one business day. Plus, Upstart allows you to borrow $1,000 to $50,000, while Blue Mountain Loans offers $100 to $1,200.
Min. credit score
300
APR
6.70% to 35.99%
Loan amount
$1,000 to $50,000
Not available in: Connecticut, Iowa, Maine, Maryland, Nevada, New York, Oklahoma, Oregon, West Virginia
Upstart is a great option If you have less-than-perfect credit. This loan marketplace considers applicants with credit scores as low as 300. As a bad credit borrower, you probably won't qualify for Upstart's lowest advertised APR of 6.7%. But Upstart's maximum APR of 35.99% is still much lower than what you could be charged by Blue Mountain Loans, with APRs topping out at 660%.
Upstart is also a good choice if you need money fast, once your application is approved, you can get funding in as little as one business day. Plus, Upstart allows you to borrow $1,000 to $50,000, while Blue Mountain Loans offers $100 to $1,200.
For those who need more time to pay off their loan, Upgrade is an excellent alternative to Blue Mountain Loans. While Blue Mountain Loans gives you only 12 months maximum for repayment, Upgrade offers two to seven years.
Plus, Upgrade offers APRs ranging from 7.99% to 35.99% — way lower than the 660% max charged by Blue Mountain Loans. Upgrade also works with borrowers who have less-than-stellar credit — feel free to apply if you have a credit score of 580 or higher.
Min. credit score
580
APR
7.99% to 35.99%
Loan amount
$1,000 to $50,000
Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia
For those who need more time to pay off their loan, Upgrade is an excellent alternative to Blue Mountain Loans. While Blue Mountain Loans gives you only 12 months maximum for repayment, Upgrade offers two to seven years.
Plus, Upgrade offers APRs ranging from 7.99% to 35.99% — way lower than the 660% max charged by Blue Mountain Loans. Upgrade also works with borrowers who have less-than-stellar credit — feel free to apply if you have a credit score of 580 or higher.
Pros
Repayment terms of 2 to 7 years
Fair credit accepted
Competitive APRs start at 7.99%
Offers autopay discount
Cons
Loan origination fee up to 9.99%
Funding could take up to 4 business days
No cosigners allowed
Loan amount
$1,000 to $50,000
APR
7.99% to 35.99%
Interest Rate Type
Fixed
Min. credit score
580
Turnaround Time
1 to 4 business days
Loan Term
2 to 7 years
Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.99%-35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's bank partners. Information on Upgrade's bank partners can be found at https://www.upgrade.com/bank-partners/.
If you're wary of Blue Mountain Loans' bad reputation, you might want to check out OneMain Financial. This lender has excellent ratings on the Better Business Bureau and Trustpilot websites. On both sites, past customers praise its easy application process, fast funding and helpful customer service.
In addition to a great reputation, OneMain Financial also offers fast access to borrowed funds — through the “SpeedFunds” option, you can get your money in as little as one hour after closing on the loan. Plus, there is a wide range of repayment terms to choose from: 24, 36, 48 or 60 months. Blue Mountain Loans only offers terms of 4 to 12 months.
Min. credit score
Not specified
APR
18% to 35.99%
Loan amount
$1,500 to $20,000
Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont
If you're wary of Blue Mountain Loans' bad reputation, you might want to check out OneMain Financial. This lender has excellent ratings on the Better Business Bureau and Trustpilot websites. On both sites, past customers praise its easy application process, fast funding and helpful customer service.
In addition to a great reputation, OneMain Financial also offers fast access to borrowed funds — through the “SpeedFunds” option, you can get your money in as little as one hour after closing on the loan. Plus, there is a wide range of repayment terms to choose from: 24, 36, 48 or 60 months. Blue Mountain Loans only offers terms of 4 to 12 months.
Pros
Excellent ratings on BBB and Trustpilot
Funding in as little as one hour through SpeedFunds
Available to borrowers with good and bad credit
Cons
High starting APR of 18%
Charge an origination fee
Not available in all 50 states
Loan amount
$1,500 to $20,000
APR
18% to 35.99%
Interest Rate Type
Fixed
Min. credit score
Not specified
Turnaround Time
As soon as one hour
Loan Term
24, 36, 48 or 60 months
* OneMain Disclosures:
Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.
Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.
Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.
Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.
Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.
With Opploans, if you complete your application and get your loan approved before noon Central Time, you can receive your funds the very same day. Plus, OppLoans has a much better reputation than Blue Mountain Loans, earning an A+ rating from the BBB, compared to Blue Mountain Loans' F rating.
OppLoans APRs are a bit higher than other lenders on this list — ranging from 160% to 195% — but they're still much lower than what Blue Mountain Loans has to offer. And as an extra bonus, OppLoans doesn't require a hard credit check to apply.
Loan amount
$500 - $4,000
Turnaround time
As soon as the same business day
Online application
Yes
Not available in: Colorado, Connecticut, Georgia, Iowa, Maryland, Massachusetts, New York, South Dakota, Vermont, Washington, West Virginia
With Opploans, if you complete your application and get your loan approved before noon Central Time, you can receive your funds the very same day. Plus, OppLoans has a much better reputation than Blue Mountain Loans, earning an A+ rating from the BBB, compared to Blue Mountain Loans' F rating.
OppLoans APRs are a bit higher than other lenders on this list — ranging from 160% to 195% — but they're still much lower than what Blue Mountain Loans has to offer. And as an extra bonus, OppLoans doesn't require a hard credit check to apply.
Dave is a financial services app that offers checking and savings accounts plus budgeting tools, but its most popular feature is ExtraCash. With a Dave's ExtraCash account, you can borrow up to $500 when you're short on cash — with no credit check required.
Dave doesn't charge interest. Instead, it makes money through a monthly subscription fee and optional tips. The funds you borrow are automatically withdrawn from your linked bank account on your next payday, so you don't have to worry about missing payments. But cash advance amounts are based on your banking activity. If your bank balance is low, you may not be approved for the entire $500 — especially if you've never borrowed from Dave before.
Loan amount
Up to $500
Turnaround time
Up to 3 business days or instant for a fee
Costs
Undisclosed
Available in all states
Dave is a financial services app that offers checking and savings accounts plus budgeting tools, but its most popular feature is ExtraCash. With a Dave's ExtraCash account, you can borrow up to $500 when you're short on cash — with no credit check required.
Dave doesn't charge interest. Instead, it makes money through a monthly subscription fee and optional tips. The funds you borrow are automatically withdrawn from your linked bank account on your next payday, so you don't have to worry about missing payments. But cash advance amounts are based on your banking activity. If your bank balance is low, you may not be approved for the entire $500 — especially if you've never borrowed from Dave before.
Blue Mountain Loans is an online lender that offers loans of $100 to $1,200. You could receive your funds the same day the loan is approved, with payments made between four to 12 months, depending on your loan terms. As a tribal lender, Blue Mountain Loans doesn’t adhere to state laws governing interest rates, which is why it can charge up to 660% APR on its loans.
Christi Gorbett is a freelance writer with more than eight years of experience and a master's degree in English. She’s created a wide range of content for banks, financial product comparison sites, and marketing companies on topics like small business loans, credit cards, mortgages, retirement planning, lender reviews, and more.
As a former teacher, Christi excels at making complex financial topics accessible and easy to understand. Her interest in finance grew when she returned to the U.S. after living in South Korea for nearly a decade.
This shift was driven by several personal financial challenges: rebuilding her financial base after the move home, starting her own business, and catching up on retirement savings. These experiences deepened Christi’s practical understanding of finance and intensified her interest in the field. See full bio
If you have bad credit and need cash fast, consider Speedy Cash for your next payday or installment loan.
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