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Best Personal Loans for Credit Scores Under 700

WealthHQ's Comprehensive Tier List of Lenders for Borrowers with Fair Credit

Published: July 22, 2025 | Updated: July 22, 2025 | Author: WealthHQ Financial Experts

Finding the right personal loan with a credit score between 600-700 can be challenging. After years in the lending industry and tracking dozens of lenders, WealthHQ has compiled this comprehensive tier list to help you navigate your options. We've evaluated lenders based on APRs, loan amounts, fees, transparency, and beneficial features specifically for borrowers with fair credit.

How We Ranked These Lenders

WealthHQ's Evaluation Criteria

• APR ranges: Interest rates offered to borrowers with fair credit
• Loan amounts: Minimum and maximum borrowing limits
• Fees: Origination fees, late fees, and other charges
• Transparency: Clear disclosure of terms and conditions
• Features: Additional benefits like direct debt payoff, co-signer options, and discounts
• Accessibility: Minimum credit score requirements and approval likelihood

WealthHQ's Lender Comparison Table

Lender	Loan Amount	APR Range	Minimum Credit Score	Origination Fee	WealthHQ Tier
Achieve	$5,000 - $50,000	8.99% - 35.99%	620	1.99% - 6.99%	S
Best Egg	$2,000 - $50,000	8.99% - 35.99%	620	0.99% - 8.99%	S
Happy Money	$5,000 - $40,000	11.72% - 17.99%	640	1.5% - 5.5%	S
Upgrade	$1,000 - $50,000	8.49% - 35.99%	620	1.85% - 10%	S
Avant	$2,000 - $35,000	9.95% - 35.99%	600	Up to 9.99%	A
Lending Club	$1,000 - $40,000	9.57% - 35.99%	600	3% - 8%	A
Prosper	$2,000 - $50,000	8.99% - 35.99%	640	1% - 8%	A
Upstart	$1,000 - $50,000	7.8% - 35.99%	620	0% - 12%	A
60-Month Loans	$2,500 - $10,000	19% - 69%	620	5% - 10%	B
LendingPoint	$2,000 - $36,500	7.99% - 35.99%	620	Up to 10%	B
Mariner Finance	$1,500 - $25,000	15.49% - 35.99%	580	Varies by state	C
OppLoans	$500 - $4,000	160% - 179%	650	None	C
Rise Credit	$500 - $5,000	60% - 299%	600	None	C
Net Credit	$1,000 - $10,000	34% - 99%	600	1% - 5%	D
One Main Financial	$1,500 - $20,000	18% - 35.99%	600	Up to 10%	D
World Finance	$450 - $10,000	Not disclosed	580	Not disclosed	D

S Tier - Exceptional Options

Achieve

★★★★★

Best for larger loans with multiple discount options

Loan Range: $5,000-$50,000 APR: 8.99%-35.99%

WealthHQ Assessment: Achieve offers competitive rates and high loan amounts for borrowers with fair credit. They provide multiple discount opportunities (co-borrower, debt consolidation, retirement savings) and even offer home equity loan options. Their origination fee (1.99%-6.99%) is reasonable for this credit tier, though it's not reimbursed for early repayment.

Best Egg

★★★★★

Best for debt consolidation with secured options

Loan Range: $2,000-$50,000 APR: 8.99%-35.99%

WealthHQ Assessment: Best Egg stands out with its secured loan options and direct debt payoff service. They allow stacking multiple loans, which can be beneficial for careful borrowers. Their origination fee (0.99%-8.99%) can be high on the upper end, but their features make them a top choice for fair credit borrowers.

Happy Money

★★★★☆

Best for lower APRs through credit union network

Loan Range: $5,000-$40,000 APR: 11.72%-17.99%

WealthHQ Assessment: Happy Money connects borrowers with a network of credit unions, resulting in the lowest maximum APR on our list. However, they're more selective (minimum 640 credit score) and don't accept co-signers. Their lack of late fees and reasonable origination fee (1.5%-5.5%) make them excellent for those who qualify.

Upgrade

★★★★☆

Best for flexible options with APR discounts

Loan Range: $1,000-$50,000 APR: 8.49%-35.99%

WealthHQ Assessment: Upgrade offers a wide loan range and multiple discount opportunities (autopay, debt consolidation, secured options). Their origination fee (1.85%-10%) can be high, but they provide direct debt payoff and co-signer options. A solid choice for fair credit borrowers seeking flexibility.

A Tier - Strong Options

Avant

★★★★☆

Best for early repayment with fee reimbursement

Loan Range: $2,000-$35,000 APR: 9.95%-35.99%

WealthHQ Assessment: Avant stands out with their unique pro-rated administration fee reimbursement for early repayment (if fee was over 5%). They accept lower credit scores (600+) but charge hefty fees ($25 late payment, dishonored payment fee). Lack of additional features keeps them from S tier.

Lending Club

★★★★☆

Best for small loans with fair credit

Loan Range: $1,000-$40,000 APR: 9.57%-35.99%

WealthHQ Assessment: Lending Club is one of few lenders offering loans as low as $1,000 to borrowers with 600+ credit scores. They provide direct debt payoff but don't accept co-signers. Their reasonable origination fee (3%-8%) and late fee structure make them a strong A tier option.

Prosper

★★★★☆

Best for co-signer options with peer-to-peer lending

Loan Range: $2,000-$50,000 APR: 8.99%-35.99%

WealthHQ Assessment: Prosper's peer-to-peer model offers competitive rates for borrowers with credit scores around 680. They accept co-signers and charge reasonable fees (1%-8% origination). Their late and failed payment fees could compound, keeping them from the S tier.

Upstart

★★★★☆

Best for wide lender network with higher approval chances

Loan Range: $1,000-$50,000 APR: 7.8%-35.99%

WealthHQ Assessment: Upstart's network of dozens of banks and credit unions increases approval chances for fair credit borrowers. However, their origination fee (0%-12%) is the highest on our list, and they lack features like direct payoff and co-signers. Their late and returned payment fees can add up quickly.

WealthHQ Expert Tip

Always shop around with multiple lenders when you have fair credit. Each lender has different algorithms, and you may be approved by one while denied by another. Use comparison platforms that perform soft credit checks to avoid damaging your credit score while shopping for the best rates.

Find Your Best Loan Option

WealthHQ's lending marketplace lets you compare personalized offers from multiple lenders using a single soft inquiry. Find the best personal loan for your credit situation without impacting your score.

Compare Loan Offers Now

WealthHQ's Final Recommendations

When shopping for personal loans with a credit score under 700, remember that each lender has different eligibility requirements and approval algorithms. The best lender for you will depend on your specific credit profile, desired loan amount, and repayment timeline.

Prioritize lenders that offer pre-qualification with soft credit checks to avoid unnecessary hard inquiries. Pay close attention to origination fees, especially if you plan to repay your loan early, as these can significantly impact your total borrowing cost.

Finally, don't be discouraged if you have fair credit—many reputable lenders specialize in serving borrowers in your credit range. By comparing options and choosing wisely, you can find affordable financing that meets your needs while helping you build toward better credit.

© 2025 WealthHQ. All Rights Reserved. This content is for educational purposes only and does not constitute financial advice.

Loan terms, rates, and conditions change frequently. Please review current offers directly with lenders before making financial decisions.