Rick Bormin, Personal Loans Moderator
@rhandoo2020
The best personal loans for a 640 credit score are from Prosper, LendingClub and Best Egg. The minimum credit score required by these lenders is either equal to or lower than 640, which is in the fair credit range.
Most personal loans require a score of at least 660 for approval, so having a 640 credit score constrains your options. Any loans you do qualify for are likely to charge an origination fee, as well. There are still several worthwhile choices, though, and the following loans offer the most competitive rates, fees and dollar amounts for this credit score range.
Best Personal Loans for a 640 Credit Score
- Prosper: 640+ credit score needed.
- LendingClub: 600 - 640+ credit score needed.
- Best Egg: 600+ credit score needed.
- Upstart: 620+ credit score needed.
- Avant: 600+ credit score needed.
Keep in mind that even with a 640 credit score, you're not guaranteed to get approved for any of these loans. When making a decision on whether or not to approve you, a lender will look at your whole financial profile, including things like your income, existing debts, housing status and more.
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