Here are Credible's partner lenders that offer personal loans: In general, the most favorable personal loans will come with low, fixed rates and minimal fees.Ĭredible can help you easily compare your options - you can see your prequalified rates from multiple lenders in just two minutes without affecting your credit score. This will help you determine which loan option best suits your current financial situation and your larger financial goals. But it’s still smart to compare as many lenders as possible to find the best personal loan for your needs.Įach lender has its own methods for evaluating borrowers, so be sure to consider not only interest rates but also repayment terms and any fees the lender charges. Because of their streamlined application and qualification process, online lenders can offer faster decisions and funding than traditional financial institutions. Personal loans are available from traditional banks and credit unions as well as online lenders. While you likely won’t need a cosigner to get approved for a loan, having one might help you get the best interest rates.Įxcellent (750 and above): Scores above 750 will qualify you for the vast majority of personal loans, as well as help you get the lowest interest rates advertised by lenders. You’re also more likely to receive more favorable rates. Good (700 to 749): A good score increases your chances of qualifying with several personal loan lenders. Having a cosigner might get you a better rate, even if you don’t need one to qualify. If you’re approved, you’ll likely receive a high interest rate.įair (640 to 699): While several lenders offer fair credit personal loans, you can generally expect to pay a higher interest rate. You might need to consider applying with a cosigner to qualify. Poor (639 or lower): A score in this range could make it much harder to get approved for a personal loan on your own. Here are the credit score ranges you can typically expect to see, as well as how they can affect the interest rates you’re offered: In general, the better your credit score, the more competitive interest rates you’ll likely get. While minimum credit score requirements vary by lender, you’ll generally need a good to excellent credit score to qualify for the best interest rates on a personal loan.
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