The interest rates on bad credit loans are always higher than standard personal loans from banks or lenders. The average APR is 49% compared to around 3-5% for a bank loan.
When you apply for a bad credit loan, the interest rate you're offered may be even higher than the advertised APR and can be as high as 99% or even more in some cases.
Compare bad credit loan interest rates and use an online loan calculator to check loan costs before you apply. Before you sign any credit agreement, check the total cost of the loan and what you'll need to pay out every month.