Can you get a personal loan with a 700 credit score? This question is about Personal Loans

Can you get a personal loan with a 700 credit score?

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This question is about Personal Loans

Rick Bormin, Personal Loans Moderator

@rhandoo2020 • 07/16/21 This answer was first published on 07/16/21. 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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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.

Best Places to Get a Personal Loan With a 700 Credit Score

LightStream: 660 credit score required
SoFi: 680 credit score required
Discover: 660 credit score required
Marcus by Goldman Sachs: 660 credit score required
Barclays: 700 credit score required

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+.

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What are the personal loan requirements?

Major personal loan requirements include being at least 18 years old, having a bank account, having a good credit history, and having enough income or assets to afford monthly loan payments. Specific personal loan requirements vary by lender, however. Avant requires a credit score of 600 or higher, for example, while Prosper sets the bar at 640 and SoFi asks for 680. Most lenders don’t disclose annual income requirements, but two exceptions are LendingPoint ($20,000+)...

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How do you get a personal loan?

Getting a personal loan is a lot easier than many people think. Most people are familiar with the credit card application process, however, and getting a personal loan is very similar. In general, you comparison shop to find an offer that suits your needs in terms of loan amount, length and APR. Then, you check for pre-approval to gauge your odds of success. Once you’re confident you want to apply, you fill out an application...

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How can I get a personal loan with no credit and no cosigner?

If you want to get a personal loan with no credit and no cosigner, your options are limited to credit-builder loans, secured personal loans, home equity loans and borrowing from alternative sources like friends and family. Having no credit disqualifies you from getting most unsecured loans, as lenders usually require an established credit score of 600 or higher.

You could get around that issue if you had a cosigner, as the lender would use...

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