Fair credit personal loans
A fair-credit personal loan serves borrowers with a FICO score of 580-669, a wide tier that captures roughly 17% of U.S. consumers. Lenders that compete here weigh income, employment, and bank-account history alongside the credit score, so offers can vary widely.
Why apply here.
- 01FICO 580-669 considered, with offers tied to income and employment
- 02Loan amounts from $500 to $30,000
- 03APRs typically 15.99% to 32.99%
- 04Terms from 12 to 60 months
- 05Pre-qualification via soft credit check, no impact to your score
About this loan.
What's the difference between fair and good credit?+
FICO defines 'fair' as 580-669 and 'good' as 670-739. The gap matters: APR offers at 670 are often 5-10 points lower than at 660. If you're close to the line, raising your score before applying can save thousands over the life of the loan.
How can I improve my score before applying?+
Paying revolving balances down below 30% of credit limit (ideally below 10%) tends to move scores fastest. Disputing any inaccurate negative items via AnnualCreditReport.com is the next biggest lever. Both can produce 20-40 point increases within one or two billing cycles.
Will any lender approve me with fair credit?+
Approval is never guaranteed. Lenders in our network include some that specialise in fair-credit borrowers, typically online installment lenders, not banks. Strong income and a long checking-account history significantly raise approval odds.
Is a 35.99% APR worth it?+
It depends on the alternative. If you're consolidating credit-card debt at 25%+ APR, a 32% personal loan can still save money if the term is short enough. If you're funding a discretionary purchase, the math rarely works at the top of the range.