Best personal loans for fair credit come with an APR of 10% – 15%. People with fair credit are manipulated into believing that they can’t get a personal loan. That is not true! The lending market is different, and it allows people with even bad credit to get great offers. Still, some lenders will not approve of you. The best way to find a great offer is to shop around! In this case, you can reconsider your loan, discuss your lender’s ability to pay your loan regularly, work on your credit score, get a secured loan, or get a consigner loan.

Loan Company:	Min. Credit Score:	APR:	Amount:	Apply:
MoneyMutual	0	5.99% – 35.99%	$100 – $5,000	Apply Now SSL No Credit Effect
SuperMoney Debt Consolidation	0	8.99% – 35.99%	$1,000 – $100,000	Apply Now SSL No Credit Effect
SuperMoney Personal Loans	0	8.99% – 35.99%	$1,000 – $100,000	Apply Now SSL No Credit Effect
PickALender	0	5,99% to 35,99%	$100 - $40,000	Apply Now SSL No Credit Effect
ZippyLoan	0	5,99% to 35,99%	$100 - $15,000	Apply Now SSL No Credit Effect
BadCreditLoans	0	5.99% – 35.99%	$100 – $10,000	Apply Now SSL No Credit Effect
CashUSA	0	5.99% – 35.99%	$100 – $10,000	Apply Now SSL No Credit Effect
Upstart	300	6,6% - 35.99%	$1,000 - $75,000	Apply Now SSL No Credit Effect
MarketLoans	0	5,99% to 35,99%	$100 - $40,000	Apply Now SSL No Credit Effect
NextDayPersonalLoan	0	5,99% to 35,99%	$100 - $40,000	Apply Now SSL No Credit Effect
VivaLoan	0	5,99% to 35,99%	$100 - $15,000	Apply Now SSL No Credit Effect
LifeLoans	0	5,99% to 35,99%	$100 - $40,000	Apply Now SSL No Credit Effect
Upgrade	580	7.99% - 35.99%	$1,000 - $50,000	Apply Now SSL No Credit Effect

Watch our video that shows how people with bad and fair credit can get a personal loan.

If you are looking for personal loans with bad credit, start your search from Upstart. Upstart offers unsecured personal loans of between $1,000 to $75,000. The APRs are between 6,6% to 35,99%. They approve people with very low credit score.

Although educational information is collected as part of Upstart’s rate check process, neither Upstart nor its bank partners have a minimum educational attainment requirement in order to be eligible for a loan.

The full range of available rates varies by state. A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 18.44% and a 8.64% origination fee of $864, for an APR of 22.88%. In this example, the borrower will receive $9,136 and will make 60 monthly payments of $257. APR is calculated based on 5-year rates.  Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law.

While most loans through Upstart are unsecured, certain lenders may place a lien on other accounts you hold with the same institution. It is important to review your promissory note for these details before accepting your loan.

When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information may be reported to the credit bureaus.

The APR calculation compares the two models based on the average APR offered to borrowers up to the same approval rate. The hypothetical credit-score only model used in Upstart’s analysis was developed in connection with the CFPB No Action Letter access-to-credit testing program and was built from a traditional credit score only model trained on Upstart platform data. APR for the scorecard was averaged for each given traditional credit score grouping.

While automated recurring payments are easy to set up, payments by check or one time electronic payments can also be used to repay a loan. Borrowers have the flexibility to choose the repayment method that works best for them.

This information is based on actual borrowers as of 4/1/2023 who identified “credit card refinancing” as their primary use of funds and paid off at least 51% of their outstanding credit card debt within 3 months of taking out the loan. Out of these actual borrowers, some could have experienced an increase or decrease in their credit score. This information reflects the overall average change in credit score points experienced by this group of borrowers as identified above.

The majority of borrowers on the Upstart marketplace are able to receive an instant decision upon submitting a completed application, without providing additional supporting documents, however final approval is conditioned upon passing the hard credit inquiry. Loan processing may be subject to longer wait times if additional documentation is required for review.

Upstart is another great option for personal loans, with APRs ranging from 6,6% to 35,99%. The amount is between $1,000 and $75,000. One of the best things about Upstart is that they do not rely on the FICO score as the only determinant of loan qualification.

If you meet other education, career, and job history criteria, you may qualify for a personal loan with a poor credit score.

Pros:

• Great amount of up to $75,000
• Bad credit loans are approved.
• Considerable APRs.
• Unique loan approval process.
• Starts with a soft pull.

Cons:

• Two repayment terms.
• Origination fees.

Best for: Low credit history

Upgrade

Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.99% – 35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. The lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36 – month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower, and your loan offers may not have multiple term lengths available. The actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed-rate loan. There is no fee or penalty for repaying a loan early.

Upgrade can help you if you have recently lost your job. Although they are a relatively new company, they make many personal loan lists on legit personal finance blogs. If you have a credit score of 580 or more, and your debt to income ratio is 40%, you can apply.

• APR range: 7.99% to 35.99%.
• Loan amount: $1,000 – $50,000.
• Loan Terms: 2 – 7 years.

Best Personal Loans for Fair Credit of August 2026

PersonalLoans

PersonalLoans is a marketplace, not a lender itself. Recently, they have significantly increased the number of lenders in their network. Now people have a better chance to get approved for a loan. Their minimum required credit score is 580, making them a great company for people with fair credit. Terms are competitive, so we highly recommend starting your search with PersonalLoans.

• APR is 5.99% to 35.99%.
• Loan amount is $1,000 to $35,000.
• Loan terms are 3 to 72 months.

Prosper

Prosper is one of the biggest names in peer-to-peer lending. You won’t find them in lists for bad credit, but they are great for good and even fair credit. They request a little higher credit score of a minimum of 640 and a debt to income ratio of 50%, which means that not everyone with fair credit will get approved. Those who get approved will find Prosper is a really great option. Prosper also looks at other details to evaluate your credit risk. Once you apply, you actually create a loan “listing” that then appears on their marketplace. From there, you choose which loans are great for you.

• APR is 7.95% – 35.99%.
• Loan amount is $2,000 to $35,000.
• Loan terms are 3 to 5 years.

BadCreditLoans

BadCreditLoans.com is a company that we recommend to people with really bad credit. They offer up to $10,000 loans, and their APR is 5.99% – 35.99%, which is in the range of personal loans, although it can be higher than this in some cases. Typically, people with really bad credit are approved for loans between $500 and $3,000. People with fair credit, which is close to bad, can try it. And you can be approved for more money in case your credit is fair ‒ you can get 10,000.

LendingTree

With over 10 billion in loans provided, LendingTree is one of the largest online personal loan companies in the marketplace today! Since LendingTree offers unsecured loans to borrowers with credit scores as low as 500, it’s a great place to apply if you have extremely bad credit. You can borrow up to $50,000, but the amount you receive will be less if your credit is poor. As well, its APRs range from 3.99% to 35.99%, but if you have bad credit, expect an APR near the top-end of the range.

OppLoans

OppLoans is a type of alternative payday loan. These companies help people with bad credit, and some people in the lower half of fair credit, closer to bad. They have better terms than payday loans but worse than personal loans. What is great about these types of companies is that they are very flexible.

• APR range: 59% to 160%.
• Loan amount: $500 to $4,000.
• Loan Terms: up to 2 years.

Can People Get a Personal Loan with Fair Credit Score?

Yes, of course. We have many more problems finding loans for people with bad credit, and we are sure that some will get predatory payday loans. People with a fair credit score have many more options available. In this guide, we will walk you through the best of them.

The competition between big lending companies makes the market much more flexible. In brief, these days, there is much more competition between lending companies who want to give you a loan. Therefore, you get more offers, receive them faster, have better terms, the loan amount is higher, APR is much more competitive, contracts are more transparent, and fewer or no hidden fees. Now things look totally different compared to a few years ago. And many experts claim that this process will continue.

Although many personal loan companies want to work with bad credit, most have set minimum credit scores to register. If you are even a few points below what they want, you won’t be able to register. What’s interesting is that these minimum values vary within the range of what is considered to be a fair credit score. They are typically between 570 and 640. So, with a bad credit score, you won’t be able to register with most of these top companies. However, with fair credit, you will be able to register with some of them, and with good, very good, and excellent credit, you will be able to register with all of them. Now you can see how important it is to add some points if you have fair credit. Even a few points difference can help you get much better offers. If you are close to having a good credit score, you can even cross the line, which will get you even better offers.

However, some companies will accept your application without a minimum credit score requirement. All people, including those with bad credit, can apply.

Another important factor in applying for a personal loan is the debt to income ratio. Some companies have some minimum requirements for it, while others do not. If you are below their requirement, you have to find ways to cover the minimum required to receive better offers from lenders. Your debt to income ratio is an important factor in your credit score, so if you boost it, this will instantly impact your credit score.

Many lenders will also look more carefully at your ability to pay the loan. Although credit score is the primary factor, lenders pay more attention to income, education, etc. This opens the door for people with fair and even bad credit.

Alternative payday loans. You can also try alternative payday loans if you have difficulties getting a personal loan or are not receiving many offers to compare. We have a lot of information on alternative payday loans on our site that you can review later. But in brief, they are loans with a higher APR than personal loans but much lower than payday loans. They work with bad and fair credit, so it’s absolutely possible to apply for most of them. They are also much more flexible and give a lot of benefits. For example, your APR will be high if you have bad credit now and get a loan. But if you start paying the installments on time and improving your credit report, they will start lowering your APR and giving you much better terms. Some of the loans reviewed on this page are alternative payday loans.

Avoid payday loans. We gave tips to people with really bad credit on avoiding payday loans because we know that some of them will end up taking predatory payday loans. There is absolutely no need for you to end with payday loans with an APR of 400% or more. But for people with fair credit and above, let’s close this topic.

How to Deal with Your Fair Credit Score?

When you apply for a loan and your credit is considered fair, some lenders will still feel that you are unreliable for them. And that is why most of them will not approve you, or they will give you less money and a high APR. That’s why every point that you can add to your credit report is useful and, in some cases, can lead to significant loan term improvements. Although we highly recommend that you start working on your credit score seriously, this is not an easy and fast process. But of course, there are some ways to add a few extra points very fast. Here is what you can do:

• Request your credit report from AnnualCreditReport.
• Check your credit report for errors. Many credit reports have errors. If you find some errors, you can instantly request them to be deleted, which will increase your credit score.
• Have you recently paid some of your loans? Do you have a credit card that is in good standing? Ask your lenders and issuers to report that to 3 bureaus, and this will give you a few more points.
• Increase your debt to income ratio, one of the main credit score factors and an important factor that lenders use to determine your credit risk.

Tips to Get Better Personal Loans with Fair Credit Score

• Shop around!

A fair credit score definitely opens the door for applying to many loan companies, but there will still be some that will consider you to be slightly risky. Many lenders will also look at factors like your income, education, and so on.

You won’t lower your credit score by doing this because a hard inquiry that lowers it will be performed only when you accept the offer. Applying for loans doesn’t change your credit score. It’s free to apply, and there are no obligations to accept any offers.

Register with all companies you can and compare the best offers for you.

• There are also other ways to lower your APR

If you have a regular income, you put collateral or add a cosigner or guarantor. In this case, many companies will offer you better terms like those with an excellent credit score. But in this case, you have to be sure that you will pay the loan on time.

Reconsider the loan if you haven’t been approved. In most cases, you can ask a lender again to check your application and explain that you can pay the loan. Many people achieved success in doing this.

Conclusion

With a fair credit score, many options are available to get a loan on a reliable APR. If you can add a few points, you can significantly improve the offers and get better terms. Do not fall to predatory payday lenders. We are sure that you will get a great personal loan with a fair credit score.