If you have a fair credit score, you may not know that you can still qualify for a personal loan! With a personal loan, you can borrow the money you need and repay it over time with fixed monthly payments and you can use the funds for just about anything: to consolidate debt, make a large purchase, or cover unexpected expenses like medical bills or car repairs. The loan amounts range from as low as $1,000 to as high as $35,000, and personal loan terms can be from 12 months to 84 months.
When you apply for unsecured personal loans at Loans General, we collect your information and send it to our network of direct lenders who compete to offer you the best personal loan terms. Our process is simple, fast, and 100% free for you!
Apply For a Personal Loan Approval
Getting personal loans for fair credit has never been easier! At Loans General, we have a simple and straightforward online application. You can apply for personal loans in just minutes from the comfort of your own home and we’ll try to match you with our network of direct lenders who offer personal loans to people with fair credit.
Apply now and you could get the cash you need as soon as tomorrow!
Loans General: Your One Stop Shop!
Shopping around for personal loans from multiple lenders is smart because your options will vary with different lenders offering divergent interest rates… Many lenders equal more options.
Loans General helps you find the best fair credit loans by working with a network of personal loan lenders that offers personal loans. Whether you’re looking for a personal loan for a major purchase, debt consolidation, home improvement, or anything else, we can help!
Personal loans can be used for a wide variety of reasons. Some people use personal loans to consolidate debt. Others use personal loans to finance home improvements. No matter what your need is, PersonalLoansForBadCredit can help you find a personal loan that fits your budget.
If you are approved for a loan, you can have the money in your bank account in as soon as the next day! The personal loan providers we work with will show you a diversification of annual percentage rates on the loans if you are approved.
Here at Loans General, your credit report isn’t the most important thing – our network of lenders is more interested in your ability to repay the loan amount. When you don’t qualify for personal loans at your bank or traditional financial institutions, you may be able to find personal loans for fair credit through our website.
Easy Monthly Payments
The best personal loans for fair credit offer easy repayment terms and simple monthly payment! We work with our network of lenders to find you the best personal loans that meet your unique financial situation.
Get the Cash You Need Fast
When you complete a loan agreement, your lender could deposit the loan amount to your bank account as soon as the next day! No more waiting for days or weeks to get the cash you need – personal loans for fair credit can help you get the money fast.
Flexible Loan Terms
Our lenders offer personal loans with terms ranging from 6 to 60 months, so you can find a loan that fits your unique needs! Whether you need a short-term loan to cover unexpected expenses or a longer-term loan to consolidate debt, we can help.
Our network of lenders offers competitive interest rates and no hidden fees. You’ll know exactly how much your loan will cost before you sign anything.
Bad Credit? No Problem!
If you have bad credit, you may still be able to qualify for personal loans for fair credit through our website. We work with a network of lenders who are willing to consider your application regardless of your credit score.
To see your loan options, just fill out the easy application form below:
Frequently Asked Questions
What’s a Fair Credit Score?
The minimum credit score to be considered fair credit is 580, but any credit scores between 580 – 669 are considered to be a fair credit score. If you have a credit score that’s lower than this range, you may still be approved for personal loans with some lenders, but you will likely have to pay a higher interest rate or origination fee.
How can you find the best fair credit personal loan?
The personal loan industry has grown in recent years, giving people with fair credit personal loans more options than ever before, but Loans general is a great place to start your personal loan search. We work with a network of lenders that offer personal loans to people with fair credit.
What do I need in order to apply for personal loans?
To apply for a personal loan, you just need to be over the age of 18 and a US citizen or legal resident. You will also need to have a job or other source of income, a checking account or credit union account, a valid social security number, and driver’s license, passport, or other government-issued ID. Once you have these things, you can apply for personal loans online in just a few minutes.
What are personal loans used for?
Personal loans can be used for just about anything. Some people use personal loans to consolidate debt, while others use them to finance large purchases like cars or home improvements. You can also use personal loans for small purchases like laptops or furniture. No matter what you need the loan for, we can help you find the best personal loan for your needs.
How much money can I borrow with personal loans?
The amount of money you can borrow with personal loans depends on a few factors, including your credit score and income. Generally, personal loans range from $1,000 to $35,000. If you have excellent credit, you may be able to borrow the full amount you need. If your credit is not as good, you may still be able to get a personal loan, but the interest rate will be higher and the amount you can borrow will be lower.
What is the interest rate on personal loans?
The interest rate on personal loans depends on a few factors, including your credit score and income. Generally, personal loans have an annual percentage rate (APR) of 3% to 36%. The APR on your loan will be determined by your lender, but it will usually be lower if you have good credit and higher if you have bad credit.
Can I get a personal loan with 640 credit?
Some personal lenders will give you a loan but keep in mind the rates will be higher than if you had good or excellent credit. As a result, you might be able to get a personal loan.
Are personal loans secured loans or unsecured loans?
Typically personal loans are unsecured. An unsecured personal loan means that your personal loan doesn’t require collateral, like a car or home equity. On the other hand, some personal loans are secured, which require you to put up collateral.
What is the average personal loan interest rate?
The average personal loan interest rate in the United States is 10.68%, but keep in mind that rates will vary based on your creditworthiness and other factors.
How can I improve my chances of getting approved for a personal loan?
There are a few things you can do to help improve your chances of getting approved:
- Check your credit report and score to see where you stand.
- Consider applying with a cosigner.
- Shop around to compare personal loan offers.
- Read the personal loan terms and conditions carefully before you apply.
Do personal loans affect your credit score?
Personal loans can help improve your credit score as long as payments are made on time. A personal loan can also help by giving you access to funds that can be used to consolidate debt or pay off high-interest balances.
Can you borrow money with a fair credit score?
With a fair credit score, the interest rates and terms you get from personal loan lenders will vary. Some lenders will look at other factors in their application, like your income and outstanding debt.
Are debt consolidation loans best for people with fair credit scores?
People with fair credit scores may be able to get personal loans from some lenders, but the terms might not be as favorable as for people with excellent credit. The personal loan repayment terms might also be shorter. Each person’s credit history varies when lenders are determining whether they will allow credit borrowers to acquire a loan amount.
Is there a minimum credit score requirement for borrowers considering debt reconsolidation?
Loan companies check an individual’s creditworthiness before they will extend any personal lines of credit. If a person’s credit score is below 580, that signals to the lender that the borrower may be a high-risk customer.
If you’re considering a personal loan to consolidate debt, make sure you compare offers from multiple lenders to find the best personal loan for your needs. It varies from loan to loan because the credit score number is only one of many numbers taken into consideration for debt reconsolidation.
Are fair credit borrowers more likely to have origination fees?
Depending, on the guidelines of the loan the fair credit borrower was approved for and signed the terms and conditions. Also, be sure to read the fine print to understand all of the fees, charges, and terms associated with the personal loan.
What is the minimum credit score for personal loans?
For personal loans, the minimum credit score is generally 580. However, some lenders may require a higher credit score.