Personal loans with a 580 credit score
A 580 FICO sits at the bottom edge of the 'fair' credit tier. It's a meaningful improvement over subprime (below 580) and unlocks options that aren't available below that threshold. Approval is realistic with a stable income and an active checking account, but APRs run at the upper end of the personal-loan range.
Why apply here.
- 01580 is the lowest score most prime online lenders consider
- 02Loan amounts from $500 to $15,000
- 03APRs typically 19.99% to 35.99%
- 04Terms from 12 to 60 months
- 05Stable income and bank history meaningfully raise approval odds
About this loan.
Can I really get a personal loan with a 580 credit score?+
Yes, though not from every lender. Bank personal-loan minimums typically sit at 660+, so a 580 borrower will see offers from online installment lenders and select credit unions. Pre-qualification via soft pull is the cheapest way to see who'll work with you.
What APR should I expect at 580?+
Most realistic offers at 580 sit in the 25% to 35.99% range, with the loan amount and term affecting where you land within that range. The top end of the legal personal-loan APR cap is 35.99% in most states.
How much can I borrow at 580?+
Typically $500 to $15,000, with most approved loans falling in the $1,000 to $7,500 range. Lenders weight income and DTI heavily at this credit tier, a borrower with $80k income at 580 will usually qualify for more than a borrower with $40k at the same score.
Can I get a better rate by adding a co-signer?+
Often yes. A co-signer with a 720+ FICO can shift the offer to that co-signer's pricing tier, sometimes cutting the APR in half. The co-signer takes on full repayment responsibility, so this only works with someone who fully understands the commitment.