You can borrow from $1,000 to $100,000 or more with a 700 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.
The best personal loans for a 700 credit score are from LightStream because they offer $5,000 - $100,000 with APRs of 7.49% - 25.99% and repayment periods of 24 - 84 months. You will need a credit score of 660 or higher to qualify for a personal loan from LightStream.
Best Personal Loans for a 700 Credit Score
Lender | Loan Amounts | APRs | Credit Score Requirement |
LightStream | $5,000 - $100,000 | 7.49% - 25.99% | 660 |
SoFi | $5,000 - $100,000 | 8.99% - 29.99% Fixed APR with all discounts | 680 |
Wells Fargo | $3,000 - $100,000 | 7.49% - 23.24% | 660 |
USAA | $1,000 - $100,000 | 10.34% - 18.51% | Not disclosed |
Discover | $2,500 - $40,000 | 7.49% - 24.99% | 660 |
PenFed Credit Union | $500 - $50,000 | 7.99% - 17.99% | 700 |
For more information, check out WalletHub’s complete picks for the best personal loans. Then, you can estimate your potential rates with our free pre-qualification tool.
This answer was first published on 08/26/22 and it was last updated on 11/09/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
You can borrow from $1,000 to $100,000 or more with a 700 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.
What car loan can I get with a 700 credit score? ›
According to Experian, here is a snapshot of what type of loan and rate you can expect based on your history: 781-850: Superprime loan at 3.65% (new) or 4.29% (used) 661-780: Prime loan at 4.68% (new) or 6.04% (used) 601-660: Nonprime loan at 7.65% (new) or 11.26% (used)
Can I get a $50000 loan with a 700 credit score? ›
You may struggle to find a lender that will approve a $50,000 loan for folks with poor or bad credit. A "poor" credit score is considered 580 or under. Most lenders require at least a "fair" score of around 670.
What credit limit can I get with a 700 credit score? ›
What credit score is needed to get a high-limit credit card?
VantageScore 3.0 credit score range | Average credit card limit |
---|
300–640 | $3,481.02 |
640–700 | $4,735.10 |
700–750 | $5,968.01 |
750+ | $8,954.33 |
Mar 15, 2024
Can I get a $20,000 loan with a 700 credit score? ›
You will likely need a credit score of 660 or higher for a $20,000 personal loan. Most lenders that offer personal loans of $20,000 or more require fair credit or better for approval, along with enough income to afford the monthly payments.
Can I get a $10,000 loan with 700 credit score? ›
You can borrow from $1,000 to $100,000 or more with a 700 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.
Is a 700 credit score good enough to buy a car? ›
A credit score of 700 is good enough for you to negotiate the best interest rates. Dealerships prefer that customers buy new vehicles instead of old ones and the interest rates for financing a new car are much better than the interest rates for buying a used car.
What credit score do I need for a $500000 loan? ›
For a conventional loan, often backed by Fannie Mae and Freddie Mac, a minimum score of 620 is typically required. It's important to remember that while lenders have minimum credit score requirements, having a higher score can improve your chances of getting a better mortgage deal.
What credit score is needed for a $25,000 loan? ›
Typically, a desirable credit score for a $25,000 personal loan is around 670 and above, but some lenders work with those who have scores from 580 and up.
How hard is it to get a $30,000 personal loan? ›
In general, lenders extend $30,000 loans to borrowers with good to excellent credit, which is typically 670 and higher. But there may be lenders who lend to borrowers with bad credit. If you're having difficulty qualifying, you may consider getting a cosigner or co-borrower to help you get approved for the loan.
You need a credit score of 700 or higher to get an American Express card, along with a steady income that enables you to afford the monthly bill payments. American Express only offers credit cards for people with good credit or better, so you may have to work on improving your credit score before applying for an Amex.
Why can't I get a loan with a 700 credit score? ›
With a 700 score, you'll likely be above creditors' minimum score requirements. This means your application probably won't be denied based on your credit score, but it won't necessarily be possible to secure the highest loan amount or the best terms even with a good score.
Which bank approves a credit card easily? ›
The U.S. Bank Cash+® Visa® Secured Card is easy to get, even with poor credit or no credit, because it is a secured credit card and requires an upfront deposit. But unlike many other secured credit cards, it has a generous rewards structure.
How much would a $20,000 loan cost per month? ›
The monthly payment on a $20,000 loan ranges from $273 to $2,009, depending on the APR and how long the loan lasts. For example, if you take out a $20,000 loan for one year with an APR of 36%, your monthly payment will be $2,009.
What credit score do I need for a $3,000 loan? ›
Many personal loan lenders prefer minimum scores of 550-600 for a $3,000 loan amount. The higher your score, the better the loan terms will be.
Can I get a $100,000 loan with a 700 credit score? ›
The highest personal loan amount you can usually find is $100,000. While you may qualify for a $100,000 personal loan with a 700 credit score, it's not guaranteed. If you have a lot of debt or an unfavorable debt-to-income ratio, some lenders may limit how much they are willing to loan.
Is 715 a good credit score to buy a car? ›
Ultimately, a 715 credit score will not be a barrier to purchasing a car, but it won't secure you the best annual percentage rates — those below 6% for a new car — which will likely go to people with a score above 780.
Is a 700 credit score good for a 20-year-old? ›
So, given the fact that the average credit score for people in their 20s is 630 and a “good” credit score is typically around 700, it's safe to say a good credit score in your 20s is in the high 600s or low 700s.
What credit score do you need for a FICO auto loan? ›
What Credit Score Do I Need to Buy a Car? Generally speaking, banks require a minimum credit score of 600 to give an auto loan without any down payment. However, you CAN buy a car with a score of 400 or a score of 850.