The best place to get a personal loan with good credit is LightStream because the company offers a low minimum APR, large loan amounts, long payoff periods and no origination fee. LightStream requires a credit score of 660+ to qualify. You’ll also need to be at least 18 years old, have a low debt-to-income ratio, and own a bank account.
You should be able to qualify for most personal loans with good credit if you meet all of the lender’s other requirements. Most loan providers don’t have minimum credit score requirements higher than 700. Additionally, most providers that require a score of 660 or higher don’t have origination fees.
Best Places to Get a Personal Loan with good Credit
Banks, credit unions and online lenders offer personal loans for people with good credit. A good way to get an idea of what personal loans you can get with good credit is to use WalletHub’s free pre-qualification tool. This tool will tell you which lenders may approve you and what rates may be available to you.
The best personal loans for a 700 credit score are from LightStream, SoFi and Discover. The minimum credit score required by these lenders is equal to or lower than 700, which is in the good credit range.
Having a 700 credit score should give you a shot at qualifying for a personal loan from nearly all major lenders, as it’s unusual for a lender to have a minimum credit score requirement higher than 700. With a score of 700, you also are likely to qualify for personal loans that do not have origination fees. Though there are a lot of lenders to pick from, the following offer loans with the most competitive rates, fees and funding amounts.… read full answer
Keep in mind that even with a 700 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.
You can get a personal loan with a 700 credit score. The best lenders to get a personal loan from with a credit score of 700 are LightStream, SoFi and Discover because they offer the most competitive APRs and fees.
Note: Scores are from either the lender or multiple third-party sources.
One good way to get an idea of what personal loans you can get with a 700 credit score is to use WalletHub's free pre-qualification tool, which will tell you your approval odds and potential rates with multiple lenders at once. Pre-qualification will not affect your credit score.
Fortunately, you should be able to qualify for the vast majority of personal loans with a 700 credit score, including many loans that do not charge origination fees. In general, personal loan credit score requirements tend to range from 585 to 700+, and loans without an origination fee usually require a credit score of 660+.
The monthly payment on a $100,000 loan ranges from $1,367 to $10,046, depending on the APR and how long the loan lasts. For example, if you take out a $100,000 loan for one year with an APR of 36%, your monthly payment will be $10,046. But if you take out a $100,000 loan for seven years with an APR of 4%, your monthly payment will be $1,367.… read full answer
Almost all personal loans offer payoff periods that fall between one and seven years, so those periods serve as the minimum and maximum in our calculations. In addition, these calculations assume that if the lender has an origination fee, it's built into the APR. Some lenders charge an origination fee up front, so your monthly payments might be smaller as a result.
Below are the monthly payments that you can expect on a $100,000 loan with different payoff periods. The table assumes you will be paying interest at an APR of 15%, which is roughly the average personal loan APR.
Example Monthly Payments on a $100,000 Personal Loan
Total interest over life of loan
If you'd like to try out any other combinations of payoff periods and interest rates before you apply, you can use WalletHub's free personal loan calculator.
Once you get approved for a personal loan, you will receive information on exactly what your monthly payment will be. And you'll be able to access that information any time through your online account or by looking at one of your monthly bills.
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