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Payday alternative loans: Credit unions offer PALs up to $2,000 that you can pay off over a year. Your interest rate won’t be higher than 28%.6

Credit cards: A credit card may also be an option, especially if you can qualify for one with a 0% APR introductory period. Keep in mind that interest will accrue on your balance once this promotional period ends.

Nonprofit assistance: There may be community groups or nonprofits in your area that can offer emergency assistance, such as credit or cash advances. Temporary Assistance for Needy Families is a government program that provides assistance to families with children. Some employers also offer financial assistance if you’ve hit a rough patch.

Cash advance app: There are several cash advance apps that will let you borrow money in advance of payday to bridge a gap in funding. Check out the fees before borrowing, though, to ensure the cash advance is worth it.

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Low-income loans are personal loans that are available to borrowers with lower-than-average incomes. There’s no specific threshold for what constitutes a low income, since each lender sets its own rules.

LendingPoint, for example, requires a minimum annual income of $35,000.1 Upstart, on the other hand, has a much lower requirement of $12,000 per year.2 Certain other lenders have no specific minimum and review many factors before making a decision on your loan application.

You can use a personal loan for almost any purpose, including debt consolidation, home improvements, and medical bills. Using personal loans for student loan debt payments is usually prohibited. You’ll typically pay a personal loan off with fixed monthly payments over a term from three to seven years.

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While a low income can make it difficult to qualify for a personal loan, you may still have options. Some lenders offer low-income loans to borrowers who can meet their other requirements, usually related to credit and debt-to-income (DTI) ratio.

Online lenders and credit unions may be especially flexible when it comes to income requirements, so it’s worth shopping around to explore your loan options. Whether you’re looking for a loan to consolidate debt, cover an emergency expense, or any other purpose, a low income doesn't have to stand in your way.