When it comes to securing personal loans with bad credit, it may all seem quite impossible. But there are plenty of options available to bad credit borrowers, often regardless of their credit score. It is usually a simple matter of finding them and meeting the criteria.The Internet has made the task of finding them a lot easier, with comparison sites allowing the best options to be found in a matter of seconds. And with the benefit of online technology, getting fast loan approval has also become a standard feature from online lenders.But while accessibility has certainly improved, there are still qualifying standards to satisfy and criteria to meet before a personal loan can be approved.Common FeaturesDespite the array of options to bad credit borrowers, the loans share the same category and so many of the same features. For a start, getting a personal loan with bad credit involves accepting higher interest rates and lower loan limits.Fast loan approval is usually only available for small and modest-sized loans. Depending on the lender, the limit may only be just $2,500, though there are loans of up to $25,000 available with a 24-hours waiting period.There are ways to improve your loan terms, such as to find a guarantor, but cosigners must have excellent credit ratings to be accepted on a personal loan application in the first place. So, what are the options available?1. Secured Personal LoansGetting a secured personal loan with bad credit is no great problem. The fact that some item has been provided as collateral means that the credit score is of no great significance at all. The lender can get compensation should the borrower default, so the risk of loss is much less.This means that interest rates are lower and fast loan approval is standard. So, when applying online, expect to get approval within a few minutes and the cash deposited into your bank account in about 2 hours.2. Unsecured Personal LoansGetting an unsecured personal loan is a different matter. Since the lender is accepting the risk completely, and has no compensation from which to salvage losses, the interest rate is a lot higher and the loan sum is lower. It means that the overall cost of the loan is higher.It is possible to get unsecured no credit check loans, where the credit score is basically ignored. However, this pushes the interest rate up further. It is a matter of how desperately the loan funds are needed. If it is very, then the terms that come with an unsecured personal loan with bad credit can be worth it3. Non-Guarantor LoansThese loans are very similar to unsecured loans, but there is no interest shown in the credit history of the applicant and fast loan approval is possible so long as your debt-to-income ratio is good enough.Typically, these personal loans are available at a higher rate of interest, and the loan sum is quite limited. However, getting a term that is a little longer will reduce the monthly cost and help make larger loans (around $10,000) more affordable.4. Payday (Cash Advance) LoansThis is arguably the most popular option for getting personal loans with bad credit. However, it is also the most expensive, with interest rates as high a 30%, and full repayment from one paycheck after just 30 days.Loans are no more than $1,500, but fast loan approval is guaranteed so long as the monthly income is enough.