Personal loans come in all shapes and sizes and can range from $100 loans all the way up to $100,000 loans for large purchases or projects. Depending on your credit score you will have a better chance of qualifying for certainly loans. Below we have a list of the top loan providers grouped by loan amount with the credit ranges that have the best chance of approval for each group.
Loans up to $1,000
(No Credit/Poor Credit)
Loans from $100 to $15,000
(usually require a score of 600+ for over $1,000)
High-end loans up to $100,000
(Credit score of 700+ is required in most cases)
A personal loan is typically an unsecured loan. Personal loans can be used for many reasons, including paying off bills, consolidating multiple loans into one payment, home and auto repairs, large purchases, vacations, really anything you could use the money for.
A personal loan usually has rates from 3% to 36%, however, short-term loans or loans for poor credit can have significantly higher interest rates. Always be sure to check the rate of your loan before signing.
In most cases, lenders for personal loans require a credit score of at least 650, although depending on the loan, a higher score may be required. For loans under $1,000, you can usually get by with less than perfect credit.