Personal loans for fair credit
Yes, you can get a personal loan with fair credit, meaning a FICO score from 580 to 669. Fewer lenders will approve you than with good credit, and offers usually come with higher APRs. Comparing several lenders at once is the fastest way to find the ones that will say yes.
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Loan terms from 2 to 60 months. Rates vary depending on the lender, your credit and your state. Maximum APR is 35.99%.
What lenders look at besides your score
- Income and job stability. Steady income can offset a middling score.
- Debt-to-income ratio. Many lenders prefer under about 40%.
- Recent payment history. Twelve months of on-time payments counts for a lot.
What to expect
- Higher APRs than borrowers with good credit, sometimes near the top of a lender's range.
- Origination fees are more common. Check the amount you'll actually receive.
- Smaller approved amounts. Asking for less can turn a decline into an approval.
How to get better offers
- Pay credit card balances down before you apply.
- Compare with soft-check prequalification first, so shopping doesn't cost you points.
- Choose the shortest term whose payment you can comfortably afford.
- Consider a co-applicant with stronger credit if a lender allows one.
The score ranges on this page are FICO’s standard ranges. Our application asks you to pick from slightly different bands: Excellent (720+), Good (660 to 719), Fair (620 to 659) and Poor (below 620).
See which lenders will work with you
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Common questions
Can I get a personal loan with fair credit?
Yes. Some lenders approve borrowers with FICO scores from 580 to 669. Expect higher APRs than borrowers with good credit, and possibly a smaller loan amount or an origination fee.
What is considered fair credit?
On the FICO scale, fair credit is a score from 580 to 669. Good credit starts at 670.
Will comparing loan offers hurt my fair credit score?
No. Seeing prequalified offers uses a soft credit inquiry, which does not affect your score. A hard inquiry usually happens only after you pick an offer and continue with that lender.
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