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

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

Updated Apr 5, 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
8.98% - 35.99%	3% - 8% of loan amount	24 - 60 months	Fair

APR

8.98% - 35.99%

Origination Fee

3% - 8%

of loan amount

Term

24 - 60 months

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: 8.98% - 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*

A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $19,169 for a term of 36 months, with an interest rate of 10.49% and a 6.00% origination fee of $1,150 for an APR of 14.81%. In this example, the borrower will receive $18,019 and will make 36 monthly payments of $623. 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 8.98% 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 March 8, 2024 and are subject to change without notice.

Unless otherwise specified, credit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Only deposit products are FDIC-insured. LendingClub Bank is not an affiliate of WalletHub and is not responsible for the products and services provided by WalletHub.

Credit products are subject to credit approval and may be subject to sufficient investor commitment. If a credit union is selected to invest in the loan, credit union membership will 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 you 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 at Lendingclub.com.

“LendingClub” and the “LC” symbol are trademarks of LendingClub Bank. 2024 LendingClub Bank. All rights reserved.

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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

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

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

* Applications submitted on this website may be funded by one of several lenders, including: FinWise Bank, a Utah-chartered bank, Member FDIC; Coastal Community Bank, Member FDIC; Midland States Bank, Member FDIC; and LendingPoint, a licensed lender in certain states. Loan approval is not guaranteed. Actual loan offers and loan amounts, terms and annual percentage rates ("APR") may vary based upon LendingPoint's proprietary scoring and underwriting system's review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees up to 10% may apply depending upon your state of residence. Upon final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. Loans are offered from $2,000 to $36,500, at rates ranging from 7.99% to 35.99% APR, with terms from 24 to 72 months. Minimum loan amounts apply in Georgia, $3,500; Colorado, $3,001; and Hawaii, $2,000. For a well-qualified customer, a requested loan of $10,000 serviced by LendingPoint over a period of 48 months that has an APR of 26.59% with an origination fee of 10% may have a payment of $340.52 per month. (Actual terms and rate depend on credit history, income, and other factors.) The total amount due under the loan terms provided is $16,345.12 and the disbursal amount is $10,000. In the example provided, the total financed amount is increased to receive the full requested loan amount after the origination fee is deducted. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled.

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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

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.

Upvotes

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

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

Note: Scores are from the lender or multiple third-party sources.

In general, your personal loan choices are limited with a credit score of 600, as it's in the bad credit range. Personal loan credit score requirements tend to be anywhere from 580 to 700+, with many of the best loans overall requiring a credit score of 660 or higher.

Ways to Get a Personal Loan With a 600 Credit Score

See if you get pre-qualified

The best way to see if you're likely to qualify for an unsecured personal loan with a 600 credit score is to check for pre-qualification. WalletHub's free pre-qualification tool will let you know your approval odds and potential interest rates with multiple lenders at once, with no impact on your credit score.

Apply with a cosigner

Some personal loans let you apply with a co-signer, which is a person who promises to pay back the loan if you don't. The cosigner's credit and income impact the lender's decision more than those of the primary applicant, so it can help people with a credit score of 600 get approved for loans they might not normally qualify for.

Try credit unions

Credit unions often have more lenient personal loan approval requirements than banks, and may be willing to consider applicants with bad credit. You can find credit unions in your area on WalletHub and consult with them to see if you have a shot at approval.

Friends and family

People you have a close relationship with won't necessarily care about your credit score, and may be willing to lend to you. There's also a good chance you'll get better and more flexible terms than you would with a traditional lender.

Secured personal loans

These loans are pretty easy to qualify for. They require collateral that the lender can keep if you default on the loan, so there's relatively little risk for the lender. A lot of secured personal loans will require you to use money in a bank account as collateral, but some will accept other types of collateral like a vehicle.

Upvote

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

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...

Upvote

How much can I borrow with a 600 credit score?

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...

Upvotes

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

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