Best 7 Personal Loan Lenders for People with FAIR credit in the USA in 2025
If you have a credit score between 620 and 680 and need a personal loan, this is the video for you. That credit score range is considered “Fair credit,” and it can feel like a bit of a no-man’s land. If your credit score was above 680, you’ve got Good to Excellent credit and that means you can qualify for just about any loan (although the amount would depend on your income and debt-to-income ratio). If your credit score was below 620, you would probably need to use subprime lenders with high interest rates and minimal loan amounts. But with Fair credit, you could get a prime loan..or you could not.
So this video is for the “Fair” amongst us. We are going to tell what companies offer the best personal loans for people with Fair credit. We know what we’re talking about, too. We’ve spent years in the lending industry and we track a hundred national lenders. We understand their policies, their features, and their short-comings. We’re going to use that experience to let you know who our favorite lenders for people with Fair credit are and why we like them.
We’ve done detailed reviews of all the companies on this list, so I am not going to give you all the details. What I will tell you is what we like about each one of these companies and why they might be right for you. We’ll put links to the detailed reviews in the description below. At the end of the video, we will give you a hint on what you can do to maximize your chances of getting the best loan you can in your circumstances.
Because I am tired of people at the beginning of the alphabet getting all the attention, I am going to share my list in reverse alphabetical order.
Upstart Fair Credit Personal Loan
Upstart says that they use more than just credit data to decide whether to approve you. While it’s impossible to verify, they claim that they can approve more applicants because of their technology. They provide loans specifically to people who are consolidating other debt, paying for medical expenses, embarking on a home renovation project, moving, or paying for a wedding. They will lend between $1,000 and $50,000 for terms up to 5 years. They can have a hefty origination fee, but that will be accounted for in the APR, so if they offer you a low APR, it will be a low-cost loan even if the origination fee is high.
Upgrade Fair Credit Personal Loan
Upgrade also offers loans from $1,000 to $50,000. Their terms go up to 7 years, but that’s really too long for a personal loan of this size. That will lower your monthly payment, but it will mean paying a lot of interest over time. Upgrade offers three discounts that can help you lower your APR: signing up for autopay, consolidating debt, and securing your loan with your motor vehicle. Securing the loan can help your chances of being approved, getting more money, or getting a lower interest rate. But, if you run into trouble, they can come after your car. If you are using the loan to consolidate other debt, Upgrade will directly pay off those other creditors with the proceeds of the loan for you.
Prosper
Prosper will charge an origination fee that can be quite high, but its accounted for in their APR. If you want to strengthen your chances of being approved, you can add a cosigner. A cosigner will help you the most if they have a higher income or a stronger credit history. If you are a home owner, Prosper also offers home equity loans. Because these loans are secured with the equity in your home, they can often get you a much lower interest rate or a higher loan amount than you could otherwise qualify for. But, of course, it puts your home at risk if you struggle to repay the loan.
LendingPoint Fair Credit Personal Loan
LendingPoint offers loans up to the curiously specific number of $36,500. They have one of the lowest minimum APRs of any lender on this list, but that is probably only going to their best applicants. Their terms go up to 6 years, but you should avoid terms that long for a loan of this size. A six-year term will lower your monthly payment, but it will mean paying more in overall interest than you should. LendingPoint hasloans devoted to a range of different needs including debt consolidation, emergency expenses, medical bills, home improvement projects, travel, and weddings.
LendingClub Fair Credit Personal Loan
LendingClub will lend as little as $1,000 and as much as $40,000. If you are using the loan to consolidate credit card balances or other debt, LendingClub will directly pay off those other creditors with the proceeds of the loan for you. This means that LendingClub knows that the loan will replace other debts and not stack on top of them. Because the new loan won’t change your debt-to-income ratio, it should make it easier to get approved. LendingClub will also accept cosigners on their loans, which can also help to improve your chances of being approved.
Best Egg Fair Credit Personal Loan
Best Egg lends between $2,000 and $50,000. Best Egg offers an APR discount for homeowners. They say that it could drop your APR by as much as 20%. That homeowners discount is a secured loan. But this is not a usual home equity loan. Best Egg will secure the loan with the permanent fixtures attached to your home. So, your home will have a lien on it, but it doesn’t put you at risk of foreclosure. They also have a secured version against your motor vehicle. They will also pay off your creditors for you if you are using the loan to consolidate debt. Another unusual feature of Best Egg loans is that they will allow you to take more than one loan out at a time.
Achieve Fair Credit Personal Loan
Achieve specializes in debt consolidation. They will pay off your creditors for you if you are looking to consolidate your debt. If you need additional help getting approved, they will also accept a cosigner on the loan. Their minimum loan amount is $5,000 which is the highest on this list of lenders. They offer a home equity loan which could help you qualify for the loan you need…in exchange for putting up your home as collateral. They also offer APR discounts when you consolidate other debt, when you include a cosigner (which they call a co-borrower), and when you show you have retirement savings.
How to get the best deal on a personal loan
If you have fair credit and you need a personal loan, these are the best lenders in the industry. However, the best lender for you will depend on who will give you the best loan. Every one of these lenders will have a different algorithm for determining who to approve, how much to offer, and at what rate. That’s why it’s crucial to always shop around. You owe it to yourself to make sure you’re getting the best deal you can.
At The Yukon Project, we’ve tried to make shopping around easy for a personal loan.
If you visit our marketplace page, you can filter for the purpose of your loan, the amount you need, and your credit score. You can apply to any one of the featured lenders. Behind the scenes, we will check your rate with up to 40 other lenders. Our partners use a soft credit check, so applying won’t hurt your credit score. We will show you all of your approved offers so you can select the one that is best for you.
If you have any experience with these lenders or have other lenders that you think should be on this list, leave a comment below. We are trying to build a community of people who will share their experiences so we can all be better informed when we make decisions about our finances. If you found this information helpful, please like this video and subscribe to our channel. Your support helps us out and we really appreciate it.
Apply and see if you can get approved. Soft Credit Check. Up To 40 Options.
