What credit score do I need for a personal loan in 2026?

Score tier breakdown for 2026:

Below 580 (Poor): Very limited options. OppFi, OneMain Financial (secured options), and some credit unions may approve, but at 25%-36%+ APR. Payday lenders and title loan companies operate here - avoid them.

580-619 (Near-poor): Avant is the go-to lender, with APRs typically 25%-35.99%. LendingClub may approve at the higher end. Amounts typically limited to $2,000-$7,500.

620-659 (Fair): More options open up. Upgrade, LendingClub, Avant, and some credit unions consider this range at 18%-28% APR. Amounts up to $15,000-$20,000 become available.

660-699 (Good-ish): Mainstream lenders including Marcus, Discover, and SoFi become available, though not at their best rates. APRs typically 13%-22%. Amounts up to $25,000-$35,000.

700-739 (Good): Prime territory. LightStream, SoFi, Marcus, LendingClub all compete for your business. APRs typically 9%-16%. Amounts up to $40,000-$50,000.

740+ (Very good to exceptional): Best rates from all lenders. LightStream rates can dip below 8% for well-qualified borrowers. SoFi and Marcus also offer competitive low-rate offers. Amounts up to $100,000 available at LightStream and SoFi.

Other factors that matter: DTI (can override a good credit score for denial), income documentation, time at current employer, existing relationship with the lender, and loan amount vs. qualifying capacity.

Alternatives when score is below threshold: Secured personal loan (pledge savings as collateral), credit-builder loan, wait 3-6 months while improving score through utilization reduction.