Can you get a no-ratio loan with bad credit?

It is possible to get a no-ratio loan even if you have bad credit. However, it may be very difficult to locate a lender that is willing to work with you. When you get a no-ratio loan, this creates a scenario in which there is a significant amount of risk for the lender to begin with. When you want to get approved even though you have bad credit, it adds to the risk for the lender. If you want to get approved for this type of loan, you will need to agree to a very high interest rate.