It’s possible to get a personal loan with fair credit, but it may be more difficult. Here’s what to know.
You don't need an excellent credit score to get a loan—you can apply for a personal loan with a fair credit score. How Applying for Loans Affects Your Credit Score Your credit score is calculated based on five factors: payment history, amounts owed, length of credit history, new credit,...
To receive a rating, lenders must offer qualifying loans nationwide and have a good reputation within the industry. Read more about our methodology. FAQs How can I get a personal loan with fair credit? Fair credit can be a barrier to approval with some personal loan companies, but not all....
Transparency Rating: 4.6 stars out of 5 4.6 About Bankrate Score Full methodology Bankrate's take: When it comes to consolidating debt, Achieve is a top lender for borrowers with fair credit thanks to its low credit minimum and perks, like direct payment to creditors. Lender Details L...
Fortunately, many personal loan lenders cater to applicants with fair or poor credit, offer flexible terms and have low minimum loan amounts. Even better, you may be able to get approved for a loan and get the funds in as little as a day. Below, CNBC Select ranks the easiest personal ...
Minimum FICO Credit Score 580 Loan Amount $2,000 to $35,000 Loan Term Up to 60 months Check RatesFrom Our PartnerMore Details Best for Borrowers With Less-Than-Perfect Credit Prosper View Disclosure 4.2 U.S. News Rating APR 8.99% to 35.99% Minimum FICO Credit Score 560 Loan Amount $2...
Rating: 4.6 stars out of 5 4.6 Bankrate's take:Borrowers with fair credit may have a better chance of being approved for a competitive rate at Prosper. Its unusual peer-to-peer lending model puts your application in front of multiple investors, instead of just one, and the lender allows ...
Offers term loans and lines of credit in 49 states Helps companies with fair credit improve their credit ratings Though expensive for most customers, quick time to funding and early repayment discounts may make it a good option for businesses that require fast funding ...
No hard credit pull. Positive credit reporting with every payment. Show more Minimum Loan Amount $300 Maximum Loan Amount $850 Employment Required Yes Checking Account Required Yes Get Funds Quickly APPLY 5 Loan Overall Rating Excellent/Good/Fair/Bad Credit Online Personal Loans up to ...
According to the company website, the average borrower of an Avant personal loan has a credit score ranging from 600 to 700, making it a good option for individuals with fair credit. Why Avant didn’t make the cut:Avant charges an administration fee on top of the total loan amount. (Ot...