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
- Alternative for large loan amounts: SoFi
- Alternative for bad credit borrowers: Upstart
- Alternative for long repayment terms: Upgrade
- Alternative for customer satisfaction: OneMain Financial
- Alternative for fast funding: OppLoans
- Alternative for zero interest: Dave
Alternative for large loan amounts
SoFi personal 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 |
Alternative for bad credit borrowers
Upstart personal loans
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
Alternative for long repayment terms
Upgrade personal loans
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
Alternative for customer satisfaction
OneMain Financial personal loans
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
Alternative for fast funding
OppLoans Installment Loans
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
| Loan amount | $500 – $4,000 |
|---|---|
| Turnaround time | As soon as the same business day |
| Online application | Yes |
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Alternative for zero interest
Dave ExtraCash
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 |
| Loan amount | Up to $500 |
|---|---|
| Turnaround time | Up to 3 business days or instant for a fee |
| Costs | Undisclosed |
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How does Blue Mountain Loans compare?
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.
Pros
- Available to borrowers with bad credit
- Fast loan disbursement
- Little documentation required
Cons
- High APRs reaching up to 660%
- Awful reputation with an F rating from the BBB
- Low borrowing limits of $100 to $1,200
