Applicants need a minimum credit score of 640 to get a personal loan from Rocket Loans, according to multiple third-party sources. That means the Rocket Loans personal loan credit score requirement is in the fair credit range. To put this in perspective, most other lenders' credit score requirements for personal loans range between 585 and 700.
Keep in mind that just having a 640 credit score is not enough to qualify you for a Rocket Loans personal loan. Rocket Loans will consider your entire financial profile, including things like your income, existing debts and recent credit inquiries, when deciding whether to approve you. It's also worth noting that some applicants might be able to get a personal loan from Rocket Loans with a slightly lower score if it's offset by other factors like an especially high income. But it's best to wait to apply until your score meets the threshold.
If you're unsure of what your current credit score is, you can check it for free on WalletHub. You can also pre-qualify for a Rocket Loans personal loan online to gauge your chances of getting approved with your current credit score.
To get a loan from a credit union, you must first determine which credit unions you’re eligible to join. Unlike with a bank or an online lender, you have to be a member of a credit union to get any of their financial products, including personal loans. You may qualify by living or working in a certain area, by having a relative who is a member, or by making a small one-time donation to an...
The easiest banks to get a personal loan from are USAA and Wells Fargo. USAA does not disclose a minimum credit score requirement, but their website indicates that they consider people with scores below the fair credit range (below 640). So even people with bad credit may be able to qualify.
Wells Fargo normally requires a credit score of 660 for their unsecured personal loans. However, they also offer secured personal loans that are...
There are no personal loans with guaranteed instant approval. Many lenders offer the opportunity for near-instant approval, with a decision minutes to hours after they receive the application. But personal loan approval is never guaranteed under any circumstance. All lenders have some sort of requirements for approval, even those that accept people with bad credit. Plus, getting approved for a loan doesn’t mean that the applicant has the funds yet. It’s rare for a lender...
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