Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. By refinancing your mortgage, total finance charges may be higher over the life of the loan. You’ll typically need good to excellent credit
to qualify for a personal loan. If you have fair credit — usually considered to be a credit score between 640 and 699 — you might have a harder time getting approved. However, there are several lenders that offer personal loans for fair credit. Keep in mind that the best personal loans for fair credit provide competitive interest rates, a wide selection of loan terms, and inclusive eligibility requirements. Here’s what you should know about fair credit personal loans and where to
find them: Before you take out a personal loan, it’s important to consider as many lenders as possible. This way, you can find the right loan for your situation. Here are Credible’s partner lenders that
offer personal loans for fair credit: Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment
options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment
options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
View details Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating
criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations
team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options,
fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
View details Credible Rating Credible lender ratings are evaluated by our editorial team with
the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan
operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options,
fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
View details Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan
operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees,
discounts, customer service, cosigner options, and more. Read our full methodology.
View details Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment
options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details Trustpilot Avant could be a good choice for borrowers with poor or fair credit. You can borrow $2,000 to $35,000* with repayment terms from two to five years.** 4.5 Credible rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. Avant Personal Loans Fixed APR Range of fixed rates available from this lender 9.95% - 35.99% APR Min. credit score Minimum credit score needed to qualify 550 Loan amount Total amount you can borrow from this lender $2,000 to $35,000** Time to fund How long it takes to receive your money As soon as the next business day (if approved by 4:30 p.m. CT on a weekday) Ready to find a personal loan? Check Personalized Rates Checking rates won't affect your credit score
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Best EggWith Best Egg, you can borrow $2,000 to $50,000 with repayment terms from two to five years. If you’re approved, you could have your funds within one to three business days after successful verification — which could make it a good option if you need cash quickly.  4.6 Credible rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. Best Egg Personal Loans Fixed APR Range of fixed rates available from this lender 8.99% - 35.99% APR Min. credit score Minimum credit score needed to qualify 600 Loan amount Total amount you can borrow from this lender $2,000 to $50,000 Time to fund How long it takes to receive your money As soon as 1 to 3 business days after successful verification Ready to find a personal loan? Check Personalized Rates Checking rates won't affect your credit score
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DiscoverIf you’re looking for a longer repayment term, Discover could be a good choice — you can borrow $2,500 to $33,000 and can pick a term from three to seven years. Just keep in mind that opting for a longer term means you’ll pay more in interest over time.
4.4 Credible rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. Discover Personal Loans Fixed APR Range of fixed rates available from this lender 6.99% - 24.99% APR Min. credit score Minimum credit score needed to qualify 660 Loan amount Total amount you can borrow from this lender $2,500 to $35,000 Time to fund How long it takes to receive your money As soon as the next business day after acceptance Ready to find a personal loan? Check Personalized Rates Checking rates won't affect your credit score
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LendingClubLendingClub personal loans range from $1,000 to $40,000 with three- or five-year repayment terms. You might also get a lower rate if you plan to use a LendingClub personal loan to pay off credit cards or other debt and let LendingClub pay your creditors directly. 4.1 Credible rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. LendingClub Personal Loans
Fixed APR Range of fixed rates available from this lender 8.3% - 36.0% APR
Min. credit score Minimum credit score needed to qualify 600 Loan amount Total amount you can borrow from this lender $1,000 to $40,000 Time to fund How long it takes to receive your money Usually takes about 2 days† Ready to find a personal loan? Check Personalized Rates Checking rates won't affect your credit score
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LendingPointLendingPoint specializes in working with borrowers who have near-prime credit — typically meaning a credit score in the upper 500s or 600s. You can borrow $2,000 to $36,500 with repayment terms from two to six years. 4.6 Credible rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. LendingPoint Personal Loans Fixed APR Range of fixed rates available from this lender 7.99% - 35.99% APR Min. credit score Minimum credit score needed to qualify 580 Loan amount Total amount you can borrow from this lender $2,000 to $36,500 Time to fund How long it takes to receive your money As soon as the next business day Ready to find a personal loan? Check Personalized Rates Checking rates won't affect your credit score
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LightStreamIf you need to borrow a large amount, LightStream could be a good option — you can borrow $5,000 to $100,000. Most LightStream loans come with terms from two to seven years, but if you’ll be using the loan for home improvements, you could have up to 12 years to repay it. 4.6 Credible rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. LightStream Personal Loans Fixed APR Range of fixed rates available from this lender 5.99% - 21.49% APR Min. credit score Minimum credit score needed to qualify 660 Loan amount Total amount you can borrow from this lender $5,000 to $100,000
Time to fund How long it takes to receive your money As soon as the same business day Ready to find a personal loan? Check Personalized Rates Checking rates won't affect your credit score
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MarcusMarcus personal loans are available from $3,500 to $40,0002 with repayment terms from three to six years. Additionally, if you make 12 consecutive, on-time payments, Marcus will let you defer one monthly payment interest-free. 4.4 Credible rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. Marcus Personal Loans Fixed APR Range of fixed rates available from this lender 6.99% - 24.99% APR1 Min. credit score Minimum credit score needed to qualify 660 Loan amount Total amount you can borrow from this lender $3,500 to $40,0002 Time to fund How long it takes to receive your money Many Marcus customers receive funds in as little as three days Ready to find a personal loan? Check Personalized Rates Checking rates won't affect your credit score
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OneMain FinancialUnlike many other lenders, OneMain Financial has no minimum required credit score — which means you might have an easier time getting approved even if you have poor or fair credit. In addition to your credit history, OneMain Financial considers your financial history, income, and expenses to determine your creditworthiness. You can borrow $1,500 to $20,000 with repayment terms from two to five years. Keep in mind that larger loan amounts might require collateral. 4.1 Credible rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. OneMain Financial Personal Loans Fixed APR Range of fixed rates available from this lender 18.0% - 35.99% APR Min. credit score Minimum credit score needed to qualify None Loan amount Total amount you can borrow from this lender $1,500 to $20,000 Time to fund How long it takes to receive your money As soon as the same day, but usually requires a visit to a branch office Ready to find a personal loan? Check Personalized Rates Checking rates won't affect your credit score
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PenFedA PenFed personal loan could be a good option if you only need to borrow a small amount — you can borrow as little as $600 up to $50,000 with repayment terms from one to five years. PenFed also charges no fees for its loans. 4.7 Credible rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. PenFed Personal Loans Fixed APR Range of fixed rates available from this lender 7.74% - 17.99% APR Min. credit score Minimum credit score needed to qualify 660 Loan amount Total amount you can borrow from this lender $600 to $50,000* Time to fund How long it takes to receive your money 2 to 4 business days after verification Ready to find a personal loan? Check Personalized Rates Checking rates won't affect your credit score
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ProsperProsper offers personal loans from $2,000 to $50,000 with terms from two to five years. Keep in mind that because Prosper is a peer-to-peer lender, loan funding can sometimes take longer compared to other lenders — on average, the process takes three to five business days from start to origination. 4.5 Credible rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. Prosper Personal Loans Fixed APR Range of fixed rates available from this lender 6.99% - 35.99% APR Min. credit score Minimum credit score needed to qualify 640 Loan amount Total amount you can borrow from this lender $2,000 to $50,000 Time to fund How long it takes to receive your money As soon as one business day Ready to find a personal loan? Check Personalized Rates Checking rates won't affect your credit score
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Universal CreditYou can borrow $1,000 to $50,000 with Universal Credit and choose a term of three or five years. In addition, Universal Credit will pay off your cards directly if you opt for a credit card payoff loan. You might also get a rate discount. 4.6 Credible rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. Universal Credit Personal Loans Fixed APR Range of fixed rates available from this lender 11.69% - 35.93% APR7 Min. credit score Minimum credit score needed to qualify 560 Loan amount Total amount you can borrow from this lender $1,000 to $50,000 Time to fund How long it takes to receive your money Within one day, once approved9 Ready to find a personal loan? Check Personalized Rates Checking rates won't affect your credit score
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UpgradeWith Upgrade, you can borrow $1,000 to $50,000 with terms of two, three, five, or six years. Additionally, Upgrade provides free credit monitoring and educational resources that could help be helpful for building your credit. 4.8 Credible rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. Upgrade Personal Loans Fixed APR Range of fixed rates available from this lender 7.96% - 35.97% APR Min. credit score Minimum credit score needed to qualify 560 Loan amount Total amount you can borrow from this lender $1,000 to $50,000* Time to fund How long it takes to receive your money Within a day of clearing necessary verifications Ready to find a personal loan? Check Personalized Rates Checking rates won't affect your credit score
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UpstartIn addition to your credit, Upstart will also consider your education and job history to determine creditworthiness — which means you might still qualify even if you have little to no credit history. You can borrow $1,000 to $50,0005 with Upstart. 4.6 Credible rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. Upstart Personal Loans Fixed APR Range of fixed rates available from this lender 5.4% - 35.99% APR4 Min. credit score Minimum credit score needed to qualify 580 Loan amount Total amount you can borrow from this lender $1,000 to $50,0005 Time to fund How long it takes to receive your money As fast as 1 business day6 Ready to find a personal loan? Check Personalized Rates Checking rates won't affect your credit score
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Learn More: 13 Best Debt Consolidation Loans for Fair Credit MethodologyTo find the “best companies,” Credible looked at loan and lender data points from 10 categories to give you a well-rounded perspective on each of our partner lenders. Here’s what we considered:
Our hope is that this will be a win-win situation for you and us — we only want to get paid if you find a loan that works for you, not by selling your data. This means Credible will only get paid by the lender if you finish the loan process and a loan is disbursed. Additionally, Credible charges you no fees of any kind to compare your loan options. Other personal loan lendersThere are also other lenders that offer personal loans for fair credit. Keep in mind that these lenders aren’t offered through Credible, so you won’t be able to easily compare your rates with them on the Credible platform like you can with our partner lenders.
Check Out: How Do Personal Loans Work? How to qualify for a loan with fair creditWhile eligibility criteria vary between lenders, there are a few common requirements you’ll likely come across, including:
Consider applying with a cosignerIf you’re struggling to get approved for a personal loan, consider applying with a creditworthy cosigner to improve your chances. Even if you don’t need a cosigner to qualify, having one could get you a lower interest rate than you’d get on your own. Keep in mind that not all lenders allow cosigners on personal loans, but some do. Here are Credible’s partner lenders that offer personal loans for fair credit and also permit cosigners:
Learn More: How Personal Loans Impact Your Credit Score How to apply for a fair-credit loanIf you’re ready to apply for a fair-credit personal loan, follow these four steps:
Check Out: How to Get a Fast Personal Loan for Quick Cash How to choose a fair credit lenderWhile personal loan lenders might appear similar on the surface, it’s important to do your research and compare your options from as many lenders as possible. This way, you can find a loan that best suits your needs. Here are some important points to keep in mind as you weigh your options:
Keep in mind: Credible only partners with vetted, trustworthy lenders. If you choose to take out a loan with one of Credible’s partners, you can rest assured that you’ll be working with a quality lender. Learn More: Where to Get a Personal Loan How to improve your fair credit scoreWhile you might still be able to get a personal loan with bad credit or fair credit, these loans usually have higher interest rates compared to good credit loans. However, there are a few ways to potentially improve your credit score so you can qualify for better rates in the future, such as:
Learn More: How Debt Consolidation Loans Can Help Your Credit Score What does a fair credit score mean?Your credit score is a three-digit number that lenders use to determine how likely you are to repay a loan. Credit scores can range from poor to excellent — here’s how these ranges break down:
Generally, the better your credit score, the more likely lenders will be willing to work with you. If you have a fair credit score (in the range of 640 to 699), your credit isn’t necessarily bad, but it could make it harder to qualify for a loan. Fair credit loans also tend to come with higher interest rates compared to good credit loans. Remember that your credit score is made up of five factors — payment history, credit utilization, credit history length, credit mix, and new credit. This means that there could be multiple reasons why you have a fair credit score — for example, maybe you’ve:
How much will a fair credit personal loan cost?How much a personal loan will cost mainly depends on your credit and the interest rate you qualify for. In general, the better your credit score, the lower your interest rate — and the less you’ll pay over the life of the loan. For example: Borrowers who used Credible to get a three-year personal loan in May 2021 and who had credit scores between 640 and 679 received an average personal loan interest rate of 24.57%. If you took out a $10,000 personal loan with a three-year term and this 24.57% rate, you’d end up paying $6,348 in interest over the life of the loan. But if you were able to improve your credit and qualify for a lower interest rate of 18%, you’d pay only $4,522 in interest. Before taking out a personal loan, it’s important to consider how much that loan will cost you. This way, you can be prepared for any added expenses. You can estimate how much you’ll pay for a loan using our personal loan calculator below. Enter your loan information to calculate how much you could pay Loan amount ? Enter the total amount borrowed $ Interest rate ? Enter your annual interest rate % or Loan term ? Enter the amount of time you have to repay your loan years With a $ loan, you will pay $ monthly and a total of $ in interest over the life of your loan. You will pay a total of $ over the life of the loan. Need a personal loan? Check Personalized Rates Checking rates won’t affect your credit score. Keep Reading: Types of Personal Loans Methodology: Credible evaluated loan and lender data points in 8 categories to identify the “best companies” that offer personal loans to anyone with a credit score of 640 to 699. We looked at interest rates, repayment terms, repayment options, fees, discounts, and customer service availability offered by 21 lenders. We also considered each company’s max loan amount, how long it takes to receive funds, whether the minimum credit score is available publicly, and whether consumers could request rates with a soft credit check. Credible receives compensation from its lender partners when a user of the Credible platform closes a loan with the lender. Learn about Credible’s mission and promise to our readers. About Rates and Terms: Rates for personal loans provided by lenders on the Credible platform range between 5.40%-35.99% APR with terms from 12 to 84 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 10%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 11.51%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 12, 2019, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties. About the author Angela Brown Angela Brown is a student loan, personal finance, and real estate authority and a contributor to Credible. Her work has appeared in Fox Business, LendingTree, FinanceBuzz, and Yahoo Finance. Read More Can I get a line of credit with a 600 credit score?Yes, you can get a personal loan with a 600 credit score — there are even lenders that specialize in offering fair credit personal loans.
How much personal line of credit can I get?Personal lines of credit can be issued for limits ranging from $1,000 to over $100,000. During the loan, interest begins accruing immediately once funds are withdrawn; interest is only charged on the outstanding balance until it's paid off during a preset repayment schedule.
Is it hard to get a personal line of credit?May be difficult to obtain: Because the personal line of credit is unsecured, most lenders require a solid credit score to qualify. Generally speaking, the stronger you are financially, the more favorable terms you'll qualify for.
Can I get a line of credit with 660 credit score?A 660 credit score is generally a fair score. While a lot of people have fair scores, you may still find it difficult to get approved for credit without high fees and interest rates with a score in this range.
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Personal line of credit for fair credit
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