The best place to get quick personal loans for fair credit is an online lender. The processing times will usually be faster than with a bank or a credit union, and most online lenders accept people with fair credit. Their minimum credit score requirements are usually no higher than 660 (the fair credit range starts at 640 and goes to 699).
The quickest you can get a personal loan with fair credit is the same day you apply. For example, LightStream can fund your loan the same day: 1) you are approved, 2) it’s a banking business day, and 3) you sign and verify everything by 2:30 p.m. EST. Even if you aren’t able to do that, it usually shouldn’t take more than 2 business days to get a personal loan from LightStream anyway. People with fair credit stand a good chance of getting a LightStream loan, considering the minimum credit score requirement is 660.
Other major lenders that accept applicants with fair credit and offer quick approval include Best Egg (640 minimum credit score), FreedomPlus (620), Marcus (680) and Rocket Loans (640). Each of these lenders offers the possibility of approval in 2 business days or fewer, then funding in 4 business days or fewer. For some of the lenders, the entire process could take just 2 business days.
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