A personal loan usually becomes easier to get with a score around 580+ , and many lenders prefer fair to good credit in the 580–660 range or higher. For the best rates and stronger approval odds, scores in the 700s are often better.

What lenders look at

Credit score is only one part of the decision. Lenders also review your income, employment, debt-to-income ratio, and overall credit history.

Credit score ranges

  • 580 to 660: Often considered fair; some lenders may approve you.
  • 670+: Better chance of approval and more competitive terms.
  • 700s+: Usually stronger approval odds and lower interest rates.

If your score is lower

You may still qualify with bad credit, but the loan can be more expensive. Some borrowers improve their odds with a co-signer, a secured loan, or by waiting to build credit first.

Quick example

If two people apply for the same personal loan, the borrower with a 740 score is more likely to get approved and offered a lower rate than someone with a 600 score. That difference can affect both the monthly payment and the total cost of the loan.

Bottom line

There is no single minimum score for every lender, but 580 is a common rough cutoff , and 700+ is generally a safer target for better terms.

TL;DR: Aim for at least 580, prefer 670+, and 700s are best for strong rates.