Personal Loans with a 590 Credit Score
A 590 FICO score sits in the near-subprime range, below most prime lenders' cutoffs (typically 620-640) but above the floor for specialty lenders like Avant. You can get a personal loan at 590, but rates run high and loan amounts are limited. Here is what to expect and who will actually approve you.
Why apply here.
- 01Avant accepts scores as low as 580 with strong income; 590 is near their approval floor
- 02Loan amounts typically $1,000-$7,500 at 590 score with most lenders
- 03APRs of 22%-36% are the realistic range for creditworthy 590-score applicants
- 04Pre-qualifying with a soft pull lets you compare offers without a hard inquiry hit
- 05A 30-50 point score increase over 6 months can cut your APR by 8-12 percentage points
About this loan.
Which lenders are most likely to approve a 590 credit score?+
Avant targets near-prime borrowers and regularly approves applications at 580-600. Upgrade and LendingClub consider applicants in the 580-620 range, especially with strong income (over $40,000/year) and low DTI. OneMain Financial (which uses both credit and collateral factors) may approve at 590. Some credit unions with community development missions also serve the 580-620 range. LightStream, SoFi, and Marcus all require 660+ and will decline at 590.
What APR should I expect at 590?+
At 590 FICO, expect APRs in the 22%-36% range from legitimate lenders. Avant's published range is 9.95%-35.99%, and 590-score borrowers land toward the top end. Upgrade quotes 9.99%-35.99%, similarly top-weighted at this score. If an offer comes in above 36%, it is from a lender outside the mainstream space - carefully evaluate before accepting. Calculate the total interest cost on any offer: $5,000 at 36% over 36 months costs $2,866 in total interest.
How quickly can I raise my score from 590 to 640?+
A 50-point score improvement typically takes 3-9 months depending on what is holding the score down. The fastest levers: reduce credit card utilization below 30% (can add 20-40 points within 30-60 days of the reporting date), dispute any inaccurate derogatory items on your report (can add 20-60 points if items are removed), and avoid new hard inquiries for 6 months. If your score is at 590 due to a recent missed payment, recovery takes 12-18 months of clean history. At 640, your APR on the same loan could drop from 36% to 18%, saving significant interest over the life of the loan.