Some of the best lenders to consider for a $15,000 loan with fair credit include LightStream, American Express, SoFi and Wells Fargo. Just about any lender that caters to people with fair credit scores (640 to 699) will offer loans of $15,000 or more, at least to some applicants. Lenders’ minimum loan amounts typically start around $1,000 to $3,000. And their maximums tend to range from around $25,000 to $100,000. That said, people with fair credit may not qualify for a particular loan amount, depending on other factors like how high their income is. The closer a person’s credit score is to the lender’s minimum, the less likely that person is to qualify for higher loan amounts.
The best way to see if you can get a $15,000 loan with fair credit is to use WalletHub’s free pre-qualification tool. It allows you to put in your desired loan amount and see which lenders are likely to approve you.
LightStream, Amex, SoFi and Wells Fargo stand out because none of them charge an origination fee. So the only extra cost you’ll have to worry about is interest. All of them have also been known to offer loans of $15,000 or more. And they all reportedly have a minimum credit score requirement of 660, except for SoFi which requires 680. A score of 660 is only 20 points above the start of the fair credit range, so most people with fair credit should be in the running.
People with scores below 660 may want to consider Best Egg, FreedomPlus, Avant and Prosper instead. All have minimum credit score requirements of 640 or below, plus maximum loan amounts above $15,000.