The best 680 credit score personal loan options include Marcus by Goldman Sachs, LightStream by SunTrust Bank, Best Egg, and Prosper. These are all reputable lenders with relatively quick approval timelines and the potential for low APRs.
There are two main routes someone with a 680 credit score can take to get a personal loan. The first is to apply for a personal loan with a 660 - 680 minimum credit score requirement but a $0 origination fee, such as Marcus or LightStream. In this case, the odds of approval are lower and the chances of getting an APR near the lender's maximum are high. The second approach is to apply for a personal loan with a lower credit score requirement, such as one from Best Egg or Prosper. In this situation, the odds of approval are higher, and applicants have a shot at getting a better APR. However, lenders that may accept personal loan applicants with scores below 660 tend to charge origination fees of up to 8%.
Best 680 credit score personal loan options:
- SoFi: Credit score of 680+ needed. No origination fee. APRs of 5.99% - 17.67%.
- Marcus by Goldman Sachs: Credit score of 680+ needed. No origination fee. APRs of 6.99% - 28.99%.
- LightStream: Credit score of 660+ needed. No origination fee. APRs of 3.99% - 17.29%.
- Best Egg: Credit score of 640+ needed. 0.99% - 5.99% origination fee. APRs of 5.99% - 29.99%.
- Prosper: Credit score of 640+ needed. 2.41% - 5% origination fee. APRs of 6.95% - 35.99%.
People with a credit score of 680 should have a shot at qualifying for the vast majority of personal loans on the market, depending on their income and existing debt obligations. It's actually rare to see personal loans with minimum credit score requirements above 660.
But a credit score of 680, which counts as “fair” credit, is not likely to get you the best rates. Those are usually reserved for people with good or excellent credit. Still, the good news is that 680 is a high enough score to qualify for a loan that doesn't have an origination fee.
You won't be able to qualify for every personal loan with a credit score of 680, though. Some lenders, such as Barclays, have minimum credit score requirements as high as 700. If you want to see the lenders with which you have the highest chances of approval, you can use WalletHub's free pre-qualification tool.