If your credit score is below 600, finding a personal loan can feel challenging-but it’s far from impossible. Many reputable lenders now offer personal loans to borrowers with fair or bad credit, helping you access funds for emergencies, debt consolidation, or unexpected expenses. This guide compares the best personal loan options for credit scores under 600 in 2025, what to expect in terms of rates and approval, and smart strategies to boost your chances of getting approved.
Can You Get a Personal Loan with a Credit Score Under 600?
Yes, you can get a personal loan with a credit score below 600. However, you should expect to pay higher interest rates and may be offered lower loan amounts compared to borrowers with good credit. Lenders will also look at your income, employment status, and overall financial situation to determine your eligibility.
Top Lenders for Bad Credit Personal Loans in 2025
Here are the best lenders and platforms to consider if your credit score is under 600:
1. Upstart
- Minimum Credit Score: 300
- Loan Amounts: $1,000 to $50,000
- APR Range: 6.70% – 35.99%
- Terms: 36 or 60 months
- Funding Speed: As fast as one business day
Why Upstart Stands Out:
Upstart uses artificial intelligence to look beyond just your credit score, considering factors like your education and employment. This makes it a great option for those with limited or poor credit history. Upstart is highly rated for transparency and fast funding.
2. Prosper
- Minimum Credit Score: 560
- Loan Amounts: $2,000 to $50,000
- APR Range: 8.99% – 35.99%
- Terms: 24 to 60 months
- Special Features: Peer-to-peer lending, hardship relief program
Why Prosper Stands Out:
Prosper is one of the leading peer-to-peer lending platforms and offers flexible options for borrowers with lower credit scores. You can also apply with a co-borrower to boost your approval odds and may qualify for a small discount if you open a Teachers Federal Credit Union account.
3. Avant
- Minimum Credit Score: 580
- Loan Amounts: $2,000 to $35,000
- APR Range: 9.95% – 35.99%
- Terms: 12 to 60 months
Why Avant Stands Out:
Avant is well-known for serving borrowers with fair to poor credit. The application process is straightforward, and funds are often available as soon as the next business day. Avant also offers flexible repayment options and reports to all major credit bureaus.
4. Best Egg
- Minimum Credit Score: 600 (sometimes accepts slightly lower)
- Loan Amounts: $2,000 to $50,000
- APR Range: 8.99% – 35.99%
- Terms: 36 or 60 months
Why Best Egg Stands Out:
Best Egg provides quick approval and funding, and is a solid choice for borrowers on the cusp of 600 or with a slightly lower score but strong income or other positive factors.
5. TD Bank Fit Loan (Limited Availability)
- Minimum Credit Score: 300
- Loan Amounts: Up to $50,000
- APR Range: 9.99% – 23.99%
- Special Features: No origination fee
Why TD Bank Stands Out:
TD Bank’s Fit Loan is a great choice if you’re in one of the states where it’s available. With no origination fee and a low minimum credit score requirement, it’s ideal for borrowers with very poor credit.
What to Expect with a Credit Score Under 600
- Higher Interest Rates: APRs for bad credit loans often range from 15% to 36%.
- Lower Loan Amounts: You may qualify for smaller loans, typically $1,000–$5,000, unless you have strong income or collateral.
- Origination Fees: Many lenders charge upfront fees, usually 1%–8% of the loan amount.
- Shorter Terms: Repayment terms are often shorter, leading to higher monthly payments.
- Income Verification: Lenders will require proof of income and may ask for employment verification.
- Fast Funding: Many online lenders can fund your loan within one business day after approval.
Tips for Getting Approved with Bad Credit
- Check Your Credit Report: Fix any errors that could be dragging down your score.
- Compare Multiple Lenders: Rates and requirements vary, so shop around for the best offer.
- Consider a Co-Signer: Adding a co-signer with better credit can improve your chances and get you a lower rate.
- Show Stable Income: Be ready to provide pay stubs, bank statements, or tax returns.
- Avoid Payday or Title Loans: These come with extremely high rates and unfavorable terms.
- Prequalify Without Impacting Credit: Many lenders let you check your rate with a soft credit check.
Alternatives to Personal Loans for Bad Credit
- Credit Union Loans: Credit unions often have more flexible requirements and lower rates for members.
- Secured Loans: If you have collateral (like a car or savings), you may qualify for better terms.
- Salary Advance/Employer Loans: Some employers offer small loans or advances.
- Peer-to-Peer Lending: Platforms like Prosper can be more flexible than traditional banks.
- Friends or Family: If possible, borrowing from someone you trust can avoid high interest.
Final Thoughts
While getting a personal loan with a credit score under 600 is more challenging, it’s absolutely possible with the right lender and preparation. Focus on reputable lenders like Upstart, Prosper, Avant, and TD Bank, and always read the fine print before signing. Use your loan responsibly and make payments on time to help rebuild your credit for better opportunities in the future.