Loans (US)
Best loans for fair credit scores: 5 options
Are you in the market for a loan but don't have a high credit score? If so, read our post to see the best loans for fair credit scores!
by Victória Lourenço
See the best loans for fair credit scores and get the perfect option!
Are you looking for a loan but have a fair credit score? Many people find themselves in this situation. That’s why we’ve created a list of the best loans for fair credit scores!
We all know that your credit score is one of the most important numbers in your life. It tells lenders how risky it is to lend you money.
It can also impact everything from the interest rate on your car loan to whether you can get a mortgage at all.
However, if your credit score is less than perfect, don’t worry – there are still loans available to you. Check out our list of the best loans for fair credit scores and find the perfect option for you!
Find out which are the best loans for fair credit scores: 5 excellent options!
You may feel discouraged if you’re looking for a loan with a fair credit score. You may think your options are limited or won’t qualify for the best rates. But that’s not always the case!
Check out our best loans for fair credit scores list, and see which is right for you. With so many great options to choose from, there’s no need to settle for anything less than perfect! So, read our list below!
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Upgrade Personal Loan
With Upgrade, you can get loans to pay off debt, make home improvements, and much more. And you’ll find relatively low and fixed rates with affordable payments for your pocket! Read our table below to learn more!
| APR | 7.46% – 35.97%. based on creditworthiness. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. |
| Loan Purpose | Credit card refinancing, debt consolidation, home improvement, and other personal purposes. |
| Loan Amounts | Up to $50,000. |
| Credit Needed | Fair. |
| Terms | 24 – 84 months. |
| Origination Fee | Between 1.85% – 8.99%, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. |
| Late Fee | Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. |
| Early Payoff Penalty | There are no prepayment fees. |
Are you interested in getting a loan through Upgrade? If so, read our post below to learn all about the application process!
Upgrade Personal Loans application: how to apply?
Are you looking for a loan to help you consolidate debt or make a large purchase? The Upgrade loan can help you. So, read more to know how to apply!
LightStream
You’ll find incredibly good loan options on the LightStream lending platform. For e example, you can get loans to consolidate debt, remote your home, and more!
Also, you can choose AutoPay for lower APRs and other perks. So, read our table below to learn more about this incredible lender!
| APR* | Usually from 5.24% to 19.99% (valid for AutoPay); Maximum APR of 20.49%; *Terms apply. |
| Loan Purpose | Debt consolidation, home remodeling, weddings, medical expenses, and more personal purposes. |
| Loan Amounts | From $5,000 to $100,000 (depending on your score and finances). |
| Credit Needed | Fair. |
| Terms | From 24 to 144 months (depending on the loan amount and type). |
| Origination Fee | It depends on the loan type, amount, and other factors. |
| Late Fee | It depends on the loan type, amount, and other factors. |
| Early Payoff Penalty | There are no prepayment penalty fees. |
If you think that LightStream can give you the money you need to improve your finances, read our post below to learn how to apply for their loan!
How to apply for the LightStream personal loan?
LightStream personal loan offers large amounts with no fees of any kind and low rates. Accomplish your goals faster by applying for one today!
Rocket Loans
This lending platform can offer you an easy-to-apply loan with no hidden fees or prepayment penalty fees! Moreover, you can even have the chance to get your funds on the same day of application approval!
Also, you can complete the application online and quickly. Plus, you can check the options you may be eligible for without impacting your credit score!
So, read our table below to understand more about how this lender works and its perks.
| APR | Minimum of 7.727% (with AutoPay) and a maximum of 29.99% (without AutoPay). |
| Loan Purpose | Debt consolidation, home improvements, and other personal purposes. |
| Loan Amounts | $2,000 to $45,000 (depending on the loan type). |
| Credit Needed | Fair. |
| Terms | 36 months or 60 months. |
| Origination Fee | 1% to 6% for each loan. |
| Late Fee | A late fee may apply depending on the loan type or amount owed. |
| Early Payoff Penalty | There are no prepayment penalty fees. |
Do Rocket Loans have the chance of changing your life and helping you with your finances? If so, read our post below to see how to apply for a loan!
How to apply for the Rocket personal loan?
Need a personal loan? Rocket has you covered. They offer flexible repayment terms, and you get your money in one business day. Learn how to apply now!
LendingClub
If you’re looking for a lender that can offer loan options that are easy to apply for and with reasonable fees, LendingClub can be your choice. And you can get joint accounts!
Also, with this lender, you’ll get access to competitive rates for loan amounts of up to $40,000. Moreover, there are no prepayment fees, and you can make fixed monthly automatic payments.
So, read our table below to learn even more about this lender’s features!
| APR | 8.30% to 36%. |
| Loan Purpose | Debt consolidation, home purchase, vacation, home improvements, car refinancing, credit card refinancing, and other personal purposes. |
| Loan Amounts | From $1,000 up to $40,000. |
| Credit Needed | Fair to excellent. |
| Terms | From 3 to 5 years. |
| Origination Fee | 3% to 6% of the loan amount. |
| Late Fee | There can be late fees depending on the loan amount and type. |
| Early Payoff Penalty | There are no prepayment fees. |
If you want to improve your finances by consolidating debt, you can learn how to apply for a loan through LendingClub in our post below!
How to apply for the LendingClub personal loan?
Do you need a lender that does not make hard credit inquiries and can help you pay down your debt? The LendingClub loan can be for you. Read more to know how to apply!
FreedomPlus
With FreedomPlus, you’ll be able to find the loan amount you need to help with your finances or a personal emergency. Also, you can borrow up to $50,000!
Moreover, you can even get a decision in as little as three hours and get your funds in up to 72 hours! So, read our table below to learn even more about this loan and see if it’s the best option for your finances!
| APR | Minimum APR of 7.99% and maximum APR of 29.99%. |
| Loan Purpose | Personal loans. |
| Loan Amounts | From $5,000 to $50,000. |
| Credit Needed | Fair to excellent. |
| Terms | From 24 to 60 months. |
| Origination Fee | From 0% to 4.99%. |
| Late Fee | There may be a late fee depending on the loan type and amount. |
| Early Payoff Penalty | N/A. |
If you’re interested in applying for FreedomPlus and getting affordable loans to help you out, check out our post below to learn how to apply!
How to apply for FreedomPlus?
Do you need a loan to get the best our of your vacation or even just to pay-off debt? Read our post to learn how to apply for FreedomPlus loans!
And now that you’ve learned more about the best loans for fair credit scores, you can go choose the best option for your finances and build a healthier financial life!
And if you’re looking for a business loan instead of a personal loan, we have a list for you too! Check the following content with the best banks to get business loans.
Best banks for business loans: 4 options!
When looking for a business loan, finding a bank that understands your needs is important. So, read our post to see a list of the best banks for business loans!
Victória Lourenço
Aline Barbosa
Senior Editor
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