4 Best Personal Loans for a 600 Credit Score [March 2024] (2024)

Selected by WalletHub’s editors from more than two dozen personal loan offers.

Updated Feb 2, 2024

Fact checked

Written by John Kiernan

Managing Editor

Reviewed by Alina Comoreanu

Senior Researcher

The best personal loans for a 600 credit score offer reasonable APRs and minimal fees, along with a wide range of dollar amounts and payoff periods. They also tend to offer relatively quick approval and funding, and some allow co-applicants.

As you’re comparing personal loans for a 600 credit score, it’s a good idea to check for pre-qualification. WalletHub’s pre-qualification tool can show you estimated approval odds and the rates you might get if approved before you apply. You can also check out WalletHub’s picks for the best personal loans for a 600 credit score from our partners below.

Best Personal Loans for a 600 Credit Score

Best for Bad Credit:Avant
Best for Fast Funding:LendingPoint
Best for Small Loan Amounts:LendingClub
Best for Debt Consolidation:Achieve Personal Loans

While it is certainly possible to get a personal loan with a 600 credit score, having a score in the bad credit range does rule out a large chunk of the market. There are few major unsecured personal loan providers whose minimum credit score requirements are at or below 600, as most have thresholds between 640 and 700. There are also a lot of “bad credit” lenders that charge outrageous APRs of 100%+, so it’s important to count those lenders out, too. You can learn more about the right options to consider below.

WalletHub's best personal loan picks and ratings are completely independent and not provided, commissioned, or endorsed by any lender. Some offers may come from WalletHub's advertising partners.

BEST PERSONAL LOANS FOR A 600 CREDIT SCORE EXPLAINED

LendingClub

3.55 out of 5 rating

View My Rate

APR	Origination Fee	Term	Min Credit Needed
9.57% - 35.99%	3% - 8% of loan amount	24 - 60 months	Fair

APR

9.57% - 35.99%

Origination Fee

3% - 8%

of loan amount

Term

24 - 60 months

Accepted Credit

Editors’ Thoughts

LendingClub doesn’t openly state any specific credit score for approval, but third-party sources say it’s anywhere from 600 to 640. So if your credit score is exactly 600, you may want to spend a few months improving it before applying. Some of LendingClub’s best features include loans of up to $40,000 and the ability to apply with a co-applicant.

Key Facts About LendingClub Personal Loans:

Minimum credit score: 600 - 640
APR range: 9.57% - 35.99%
Origination fee: 3% - 6% (deducted from initial amount)
Early payoff fee: $0
Loan amounts: $1,000 - $40,000
Loan lengths: 36 or 60 months
Approval timeline: Up to 7 business days
Funding timeline: 1 - 4 business days
Pre-qualification offered: Yes

WalletHub’s editors award LendingClub 3.5/5 stars.

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Rewards Details

Interest Rate Breakdown

Balance	APY

Additional Details

Join America's leading lending marketplace
Over 4 million members have received more than $70 billion loans since 2007
Flexible amounts and terms with no prepayment penalties
Check your rate with no impact to your credit score*

*Checking a rate through us generates a soft credit inquiry on a person’s credit report, which is visible only to that person. A hard credit inquiry, which is visible to that person and others, and which may affect that person’s credit score, only appears on the person’s credit report if and when a loan is issued to the person. Credit eligibility is not guaranteed. APR and other credit terms depend upon credit score and other key financing characteristics, including but not limited to the amount financed, loan term length, and credit usage and history.

Between April 1, 2023 and June 30, 2023, Personal Loans issued by LendingClub Bank were funded within 30 hours after loan approval, on average. 46% of Personal Loans issued by LendingClub Bank during the same period were funded within 24 hours after loan approval. Loan approval, and the time it takes to issue a credit decision, are not guaranteed and individual results vary based on creditworthiness and other factors, including but not limited to investor demand.

A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $19,854 for a term of 36 months, with an interest rate of 10.29% and a 6.00% origination fee of $1,191, for an APR of 14.60%. In this example, the borrower will receive $18,663 and will make 36 monthly payments of $643. Loan amounts range from $1,000 to $40,000 and loan term lengths range from 24 months to 60 months. Some amounts, rates, and term lengths may be unavailable in certain states.

For Personal Loans, APR ranges from 9.57% to 35.99% and origination fee ranges from 3.00% to 8.00% of the loan amount. APRs and origination fees are determined at the time of application. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of July 11, 2023 and are subject to change without notice.

Loans are made by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. LendingClub Bank is not an affiliate of Evolution Finance Inc., which is an unrelated third party (“third party”). LendingClub Bank is not responsible for any products and services provided by this third party and may receive compensation if you visit the third party’s websites or use any of its products or services. Credit eligibility is not guaranteed. Loans are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Certain information that LendingClub Bank subsequently obtains as part of the application process (including but not limited to information in your consumer report, your income, the loan amount that your request, the purpose of your loan, and qualifying debt) will be considered and could affect your ability to obtain a loan. Loan closing is contingent on accepting all required agreements and disclosures. “LendingClub” and the “LC” symbol are trademarks of LendingClub Bank.

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Avant

3.68 out of 5 rating

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APR	Origination Fee	Term	Min Credit Needed
9.95% - 35.99%	Up to 4.75%	24 - 60 months	Bad

APR

9.95% - 35.99%

Origination Fee

Up to 4.75%

Term

24 - 60 months

Accepted Credit

Editors’ Thoughts

Avant offers some of the best personal loans for a 600 credit score because they have relatively large loan amounts and long payoff periods, along with a reasonable maximum APR. Avant also has a lower maximum origination fee than its competitors. That said, the minimum credit score is 600, so you may want to wait until you’ve improved your score a little more before applying.

Key Facts About Avant Personal Loans:

Minimum credit score: 600
APR range: 9.95% - 35.99%
Origination fee: Up to 4.75% (deducted from initial amount)
Early payoff fee: $0
Loan amounts: $2,000 - $35,000
Loan lengths: 24 - 60 months
Approval timeline: 24 - 48 hours
Funding timeline: 1 business day
Pre-qualification offered: Yes

Overall, Avant gets 3.6/5 stars from WalletHub’s editors.

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Rewards Details

Interest Rate Breakdown

Balance	APY

Additional Details

Personal loans from $2,000 to $35,000 online.
Competitive rates from 9.95% - 35.99% APR and terms from 24 to 60 months
Checking your loan options has no impact to your credit score.
Fast Decisions, see your loan options in minutes
Funding as soon as next business day

For example: A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33. If approved, the actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. An administration fee of up to 4.75% will be deducted from the loan proceeds. Funds are generally deposited via ACH for delivery next business day if approved by 4:30pm CT Monday-Friday. Avant branded credit products are issued by WebBank, member FDIC

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LendingPoint

3.6 out of 5 rating

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APR	Origination Fee	Term	Min Credit Needed
7.99% - 35.99%	0% - 10% (varies by state)	24 - 60 months	Bad

APR

7.99% - 35.99%

Origination Fee

0% - 10% (varies by state)

Term

24 - 60 months

Accepted Credit

Editors’ Thoughts

LendingPoint offers some of the best personal loans for a 600 credit score because their minimum credit score is 580, so someone with a 600 credit score should have a good chance of getting approved. In addition, LendingPoint’s origination fee can be between 0% and 6% of the loan amount, though people with bad credit should definitely expect to owe a fee. LendingPoint does not accept joint applications.

Key Facts About LendingPoint Personal Loans:

Minimum credit score: 580
APR range: 7.99% - 35.99%
Origination fee: 0% - 6%
Early payoff fee: $0
Loan amounts: $2,000 - $36,500
Loan lengths: 24 - 60 months
Approval timeline: 5 seconds
Funding timeline: 1 business day
Pre-qualification offered: Yes

WalletHub gives LendingPoint a score of 3.5/5 stars.

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Rewards Details

Interest Rate Breakdown

Balance	APY

Additional Details

Minimum FICO credit score required: 620
Minimum gross income required: $20,000
Minimum credit history: None
Maximum debt-to-income ratio: Less than 50%, not including mortgage

Achieve Personal Loans

3.6 out of 5 rating

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APR	Origination Fee	Term	Min Credit Needed
8.99% - 35.99%	0% - 6.99% of loan amount	24 - 60 months	Bad

APR

8.99% - 35.99%

Origination Fee

0% - 6.99%

of loan amount

Term

24 - 60 months

Accepted Credit

Editors’ Thoughts

Achieve Personal Loans actually has a minimum credit score requirement of 620, according to representatives from the company, but that might be attainable with a few months of responsible financial management before you apply. One of the best things aboutAchieve Personal Loansis that while there’s a 1.99% to 4.99% origination fee, it’s already built into the company’s APR range.Achieve Personal Loans allows co-applicants as well.

Key Facts About Achieve Personal Loans:

Minimum credit score: 620
APR range: 8.99% - 35.99%
Origination fee: 1.99% - 4.99% (built into APR range)
Early payoff fee: $0
Loan amounts: $7,500 - $40,000
Loan lengths: 24 - 60 months
Approval timeline: 24 hours
Funding timeline: 48 hours
Pre-qualification offered: Yes

WalletHub’s editors thinkAchieve Personal Loans deserves 3.9/5 stars.

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Rewards Details

Interest Rate Breakdown

Balance	APY

Additional Details

Borrow $10K to $40K
Great for debt consolidation or credit card refinancing
Discounted rates available for direct pay to creditors, having a co-borrower and/or over $40K in retirement savings
No prepayment fees or collateral required
A+ rated from the BBB

All loans available throughAchieve Personal Loansare made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, and credit usage and history. Eligibility for a loan is not guaranteed. Loans are not available to residents of all states – please call a Achieve Personal Loans representative for further details. The following limitations, in addition to others, shall apply: Achieve Personal Loansdoes not arrange loans in: (i) Arizona under $10,500; (ii) Massachusetts under $6,500, (iii) Ohio under $5,500, and (iv) Georgia under $3,500. Repayment periods range from 24 to 60 months. The range of APRs on loans made available throughAchieve Personal Loans is 8.99%to a maximum of 35.99%. APR. The APR calculation includes all applicable fees, including the loan origination fee. For Example, a four year $20,000 loan with an interest rate of 15.49% and corresponding APR of 18.34% would have an estimated monthly payment of $561.60 and a total cost payable of $7,948.13. To qualify for a 6.99%APR loan, a borrower will need excellent credit on a loan for an amount less than $12,000.00, and with a term equal to 24 months. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to directly pay off qualifying existing debt; or showing proof of sufficient retirement savings, could help you also qualify for the lowest rate available.

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Best Personal Loans for a 600 Credit Score FAQ

Finding the best personal loan can be tough. But you’ve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered.

Can you get a personal loan with a 600 credit score?

Upvotes

Rick Bormin, Personal Loans Moderator

@rhandoo2020

Yes, you can get a personal loan with a 600 credit score. The best places to borrow money with a 600 credit score are Avant, LendingClub, and NetCredit, as they tend to offer the most competitive APRs and fees as well as fairly high amounts. The best way to see what loans you're likely to get is to check for pre-qualification.

Best Places to Get a Personal Loan With a 600 Credit Score

600 Credit Score RequiredAvant
580 Credit Score RequiredUpgrade Personal Loan
Required Credit Score Not DisclosedNetCredit
Required Credit Score Not DisclosedOportun
600-640 Credit Score RequiredLendingClub

...

Can I get a debt consolidation loan with a 600 credit score?

Upvote

Grace Enfield, Content Writer

@grace_enfield

Yes, it may be possible to get a debt consolidation loan with a 600 credit score. You'll also need to meet the other requirements to get a debt consolidation loan, like being at least 18 years old, having enough income to afford the loan and having a bank account.

The best debt consolidation loans for a 600 credit score are from Upstart because the company does not have a credit score requirement, loan amounts...

How much can I borrow with a 600 credit score?

Upvote

Grace Enfield, Content Writer

@grace_enfield

You can borrow anywhere from a few thousand dollars up to about $50,000 with a 600 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 600 credit score are from Upstart. The company offers $1,000 - $50,000 with APRs of 6.4% - 35.99% and repayment periods...

How big of a loan can I get a with a 600 credit score?

Upvotes

What are your best options for a personal loan if your credit score is between 570 and 600

Upvotes

Expert Opinions

For more advice on best personal loans for a credit score of 600, WalletHub posed the following questions to a panel of experts. You can check out their bios and responses below.

When do you think it makes sense for someone with a credit score of 600 to apply for a personal loan?
Do you have any advice for finding a personal loan with less-than-good credit?

Timothy Fogarty
Ph.D., Professor, Accountancy Department –Weatherhead School of Management – Case Western Reserve University
Read More

Deanne Butchey
Ph.D., Teaching Professor in the Department of Finance – Chair of FIU Faculty Senate, College of Business – Florida International University
Read More

Dina F. El Mahdy
Ph.D., CFE, Associate Professor of Accounting – Earl G. Graves School of Business and Management – Morgan State University –Vice-President at Karina Association, Inc.
Read More

Konnie G. Kustron
J.D., Part-Time Faculty, Business Department – Bay College
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Andrew Brajcich
JD, LLM, CPA, Jud Regis Chair of Accounting – Graduate Accounting Director –Associate Professor of Accounting, School of Business Administration – Gonzaga University
Read More

William Hippler
Ph.D., Associate Professor of Finance – Department of Applied Business Sciences and Economics – College of Business and Public Management – University of La Verne
Read More

More Experts

About our Editor’s Picks

Our editors' recommendations for the Best Personal Loans are a reflection of their own subjective opinions, and they should not be relied upon as the sole basis for choosing your financial product.

We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.

Ad Disclosure:
Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation “Sponsored”, where applicable. Advertising status does not affect which offers show up on this page but may impact the order in which they appear. At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.