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!

See the best loans for fair credit scores and get the perfect option!

You don't need an excellent credit score to get a loan.  Source: Adobe Stock.
You don’t need an excellent credit score to get a loan. Source: Adobe Stock.

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!

It is always good to improve your credit score, but you have loan options for fair credit too! Source: Freepik.
It is always good to improve your credit score, but you have loan options for fair credit too! Source: Freepik.

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!

Upgrade Personal Loan

How to apply for an Upgrade Personal Loans. Source: Adobe Stock.
How to apply for an Upgrade Personal Loans. Source: Adobe Stock.

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 PurposeCredit card refinancing, debt consolidation, home improvement, and other personal purposes.
Loan AmountsUp to $50,000.
Credit NeededFair.
Terms24 – 84 months.
Origination FeeBetween 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 FeeLate payments or subsequent charges and fees may increase the cost of your fixed rate loan.
Early Payoff PenaltyThere 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!

Logo Upgrade fundo verde

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 PurposeDebt consolidation, home remodeling, weddings, medical expenses, and more personal purposes.
Loan AmountsFrom $5,000 to $100,000 (depending on your score and finances).
Credit NeededFair.
TermsFrom 24 to 144 months (depending on the loan amount and type).
Origination FeeIt depends on the loan type, amount, and other factors.
Late FeeIt depends on the loan type, amount, and other factors.
Early Payoff PenaltyThere 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!

Logo LightStream fundo branco

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.

APRMinimum of 7.727% (with AutoPay) and a maximum of 29.99% (without AutoPay).
Loan PurposeDebt consolidation, home improvements, and other personal purposes.
Loan Amounts$2,000 to $45,000 (depending on the loan type).
Credit NeededFair.
Terms36 months or 60 months.
Origination Fee1% to 6% for each loan.
Late FeeA late fee may apply depending on the loan type or amount owed.
Early Payoff PenaltyThere 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!

Logo Rocket Loans fundo branco

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!

Pre-approved credit cards for low credit score available now

We analyzed your profile and found some offers that you can apply for today.

You will be redirected to another website

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!

APR8.30% to 36%.
Loan PurposeDebt consolidation, home purchase, vacation, home improvements, car refinancing, credit card refinancing, and other personal purposes.
Loan AmountsFrom $1,000 up to $40,000.
Credit NeededFair to excellent.
TermsFrom 3 to 5 years.
Origination Fee3% to 6% of the loan amount.
Late FeeThere can be late fees depending on the loan amount and type.
Early Payoff PenaltyThere 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!

APRMinimum APR of 7.99% and maximum APR of 29.99%.
Loan PurposePersonal loans.
Loan AmountsFrom $5,000 to $50,000.
Credit NeededFair to excellent.
TermsFrom 24 to 60 months.
Origination FeeFrom 0% to 4.99%.
Late FeeThere may be a late fee depending on the loan type and amount.
Early Payoff PenaltyN/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!

freedomplus loans review

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.

business man

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!

About the author  /  Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by  /  Aline Barbosa

Senior Editor

Trending Topics

content

How to apply for the Prosper Personal Loans?

If you are searching for borrowing a small amount of money in the short term, check out how to apply for Prosper Personal Loans!

Keep Reading
content

Find the best cards even if you have limited credit

An exclusive selection of the very best cards for those with limited credit scores. Check our list and understand what is out there for you!

Keep Reading
content

Glossary of investment terms for beginners: initial guide

Check out our glossary of investment terms and learn more about the basic definitions of various concepts used in the financial world!

Keep Reading

You may also like

content

Applied Bank® Gold Preferred® Secured Visa® Card application: how does it work?

Wondering how to apply for the Applied Bank® Gold Preferred® Secured Visa® Card? Learn everything you need to know here, including application requirements.

Keep Reading
content

Cheap Avelo Airlines flights: fares from $29

Here is a complete guide to getting the best deals with them. Find multiple discounts and flight on a budget with Avelo Airlines! Keep reading!

Keep Reading
content

How to buy cheap flights on Priceline

Using Priceline to buy cheap flights, you can save up to 50% on air tickets, compare different airlines, and find the lowest prices. Keep reading and learn!

Keep Reading