How do you get a personal loan with fair credit? This question is about Personal Loans for Fair Credit

To get a personal loan with fair credit, start by comparing lenders with minimum credit score requirements below 700 based on their APRs, fees, loan amounts and repayment options. Then, check to see if you’re pre-qualified, choose the best offer and apply for the loan online, in person or over the phone. Although it’s harder to get a personal loan with a fair credit score of 640 - 699, it’s still possible with the right approach. Steps to Get a Personal Loan with Fair Credit Check your credit score. Lenders typically have specific minimum credit score requirements. Checking your credit score helps you see which lenders are realistic options. You can check your credit score for free on WalletHub. Pre-qualify. You can estimate your potential rates and get a sense of your approval odds when you pre-qualify for a loan. To pre-qualify with multiple lenders at once, check out the free pre-qualification tool on WalletHub. Compare lenders. When you’re ready to compare lenders, the most important factors you need to consider are the APRs, loan amounts, fees and repayment periods. You can use a personal loan calculator to price out your options. Apply for the loan. You may be able to fill out an application online, over the phone or in person at a branch. The lender will ask you for some personal and financial information, such as your name, address, employment status and income. Wait for approval and funding. You may receive a decision the same day you apply or within a few business days. You’ll then receive your funds within a few business days of approval. If you’re ready to start comparing options, check out WalletHub’s picks for the best personal loans for fair credit.

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How do you get a personal loan with fair credit?

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This question is about Personal Loans for Fair Credit

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Grace Enfield, Content Writer

@grace_enfield • 03/30/22 This answer was first published on 03/30/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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To get a personal loan with fair credit, start by comparing lenders with minimum credit score requirements below 700 based on their APRs, fees, loan amounts and repayment options. Then, check to see if you’re pre-qualified, choose the best offer and apply for the loan online, in person or over the phone. Although it’s harder to get a personal loan with a fair credit score of 640 - 699, it’s still possible with the right approach.

Steps to Get a Personal Loan with Fair Credit

Check your credit score. Lenders typically have specific minimum credit score requirements. Checking your credit score helps you see which lenders are realistic options. You can check your credit score for free on WalletHub.
Pre-qualify. You can estimate your potential rates and get a sense of your approval odds when you pre-qualify for a loan. To pre-qualify with multiple lenders at once, check out the free pre-qualification tool on WalletHub.
Compare lenders. When you’re ready to compare lenders, the most important factors you need to consider are the APRs, loan amounts, fees and repayment periods. You can use a personal loan calculator to price out your options.
Apply for the loan. You may be able to fill out an application online, over the phone or in person at a branch. The lender will ask you for some personal and financial information, such as your name, address, employment status and income.
Wait for approval and funding. You may receive a decision the same day you apply or within a few business days. You’ll then receive your funds within a few business days of approval.

If you’re ready to start comparing options, check out WalletHub’s picks for the best personal loans for fair credit.

Answer Question

Can you borrow money with a fair credit score?

Yes, you can borrow money with a fair credit score. There are plenty of credit cards for fair credit as well as a number of different personal loans that are available to you with a credit score below 640. You could also consider tapping into your home equity or borrowing money from a friend or family member.… read full answer

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How much of a loan can you get with a 600 credit score?

Can you get a personal loan with a 640 credit score?

You can get a personal loan with a 640 credit score, which is in the fair credit range. The best lenders to get a personal loan from with a 640 credit score are Prosper, LendingClub and Best Egg because they offer the most competitive APRs and fees. You can also use WalletHub's free … read full answer pre-qualification tool to get a sense of your approval odds and potential rates with multiple lenders at once. Pre-qualification will not affect your credit score.

Best Places to Get a Personal Loan With a 640 Credit Score

Prosper: 640 credit score required

LendingClub: 600-640 credit score required

Best Egg: 640 credit score required

Upstart: 620 credit score required

Avant: 600 credit score required

Note: Scores are from the lender or multiple third-party sources.

People with a credit score of 640 have a lot more personal loan options than people with scores in the bad credit range, but they are still unlikely to qualify for a loan that doesn't charge an origination fee. 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+.

Other Ways to Get a Personal Loan With a 640 Credit Score

While there are plenty of traditional lenders you can get a personal loan from with a credit score of 640, you could also consider borrowing from a friend or family member. People you have a close relationship with might give you better and more flexible terms than you would get with a traditional lender.

Another option is to get a cosigner to help you qualify for a loan that has a minimum credit requirement above 640. However, you'll need to find someone willing to guarantee that they will pay back the loan if you cannot.

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