You can borrow anywhere from a few thousand dollars to $100,000+ with a 630 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 630 credit score are from Upstart. The company offers $1,000 - $50,000 with APRs of 7.8% - 35.99% and repayment periods of 36, 60 months.
Best Personal Loans for a 630 Credit Score
Lender | Loan Amounts | APRs | Credit Score Requirement |
Upstart | $1,000 - $50,000 | 7.8% - 35.99% | None |
Oportun | $300 - $10,000 | 35.95% - 35.99% | None |
OneMain Financial | $1,500 - $20,000 | 18% - 35.99% | None |
RISE | $300 - $5,000 | 60% - 299% | None |
Jora Credit | $500 - $4,000 | 75% - 349% | None |
For more information, check out WalletHub’s complete picks for the best personal loans for bad credit. Then, you can estimate your potential rates with our free pre-qualification tool.
This answer was first published on 08/26/22. 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 anywhere from a few thousand dollars to $100,000+ with a 630 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.
Can I get a $20,000 loan with a 630 credit score? ›
Requirements vary by lender, but most lenders require borrowers to have a credit score in the good to excellent range — meaning a score of at least 670. Some lenders state they require stable, consistent income, while others list a minimum income requirement.
What can a 630 credit score get you? ›
What Does a 630 Credit Score Get You?
Type of Credit | Do You Qualify? |
---|
Unsecured Credit Card | YES |
Home Loan | YES (FHA Loan) |
Personal Loan | MAYBE |
Auto Loan | MAYBE |
1 more row
Can I get a $10,000 loan with a 630 credit score? ›
Most lenders have criteria a borrower must meet in order to qualify for certain loan amounts and terms. For example, a lender's criteria may say that you need to have a credit score of 630-650 and a monthly income of $3,000 to qualify for a $10,000 loan.
What credit score do you need to get a $30,000 loan? ›
This allows them to look at your history from the past seven years and see whether you've typically made payments on time. For a $30,000 loan, you'll typically need a credit score above 600 just to qualify or above 700 to get a competitive rate.
How much can I borrow with a 630 credit score? ›
With FICO, fair or good credit scores fall within the ranges of 580 to 739, and with VantageScore, fair or good ranges between 601 to 780. Many personal loan lenders offer amounts starting around $3,000 to $5,000, but with Upgrade, you can apply for as little as $1,000 (and as much as $50,000).
What credit score do I need for a $50,000 loan? ›
You'll have the best chance of getting approved with an excellent credit score, such as one above 800. 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 score do you need for a 100000 dollar loan? ›
To qualify for a $100,000 personal loan, you'll need a credit score of 720 or above and a high income. Large unsecured loans tend to be expensive because they have high interest rates and long loan terms.
How to get your credit score from 630 to 700? ›
But generally speaking, here are some of the best ways to take your credit score into 700 territory.
- Pay on Time, Every Time. ...
- Pay Down Credit Card Balances. ...
- Avoid Unnecessary Debt. ...
- Dispute Inaccurate Credit Report Information. ...
- Avoid Closing Old Credit Cards.
Can I buy a house with a 633 credit score? ›
While credit score requirements vary based on loan type, lenders generally require a credit score of at least 620 to buy a house with a conventional mortgage.
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.
What is the monthly payment for a $30000 loan? ›
Advertising Disclosures
Loan Amount | Loan Term (Years) | Estimated Fixed Monthly Payment* |
---|
$25,000 | 3 | $771.81 |
$25,000 | 5 | $518.84 |
$30,000 | 3 | $926.18 |
$30,000 | 5 | $622.61 |
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What credit score do I need for a $20000 car loan? ›
MINIMUM CREDIT SCORE FOR A CAR LOAN
However, most lenders look for a threshold of at least 600. However, this may vary depending on the lender, car, and loan type. A score of 700-850 is what most lenders consider ideal. Borrowers in this range can expect to get offered lower interest rates and more flexible loan terms.
How much credit do you need for a 20k loan? ›
The minimum credit score that a lender will approve for a personal loan is generally in the 610 – 640 range, but this can vary among lenders, and some institutions may require a higher score for a $20,000 loan. For a lower interest rate, aim for a score of at least 650.
Can I get a 20000 loan with a 650 credit score? ›
A credit score of 650 and higher will help qualify you for a Rs 20,000 loan. However, the approval of the loan will depend on other factors, such as age, current liabilities, income, etc.
Can you get a 20k loan with bad credit? ›
$20,000 loans may be available to people with no credit or bad credit, these options likely will come with higher interest rates, fees, or even the need to provide collateral to get approved. If you don't have a strong credit history, lenders might consider you a risk and structure your loan terms with that in mind.