The 9 Best Personal Loans For Borrowers With Fair Credit of 2022

Having a strong credit score makes getting any kind of loan — including a mortgage, an auto loan and personal loans — much easier. But what about borrowers with fair credit?

Because paying off a loan in monthly installments without missing a payment is one of the best ways to raise your credit scoreit’s important for people struggling with credit to be able to get personal loans. Not all lenders are willing to lend money to borrowers with fair credit, however, leaving fewer options for those struggling to raise their scores.

FICO fair credit scores range from 580 to 669. VantageScore fair credit scores are in the low to mid 600s. This post focuses on FICO credit scores, which are more widely used.

But if you have a medical emergency, need to make repairs to your home or car or just want to consolidate debt from multiple high-interest credit cards, you’re not out of options. Many personal loan lenders are willing to grant personal loans to borrowers with fair credit.

The catch? Loan terms are likely to be less flexible, origination fees will be higher and you’ll pay more in interest due to higher annual percentage rates (APRs).

Below, we’ve rounded up the best personal loans for borrowers with fair credit. These options are great for debt consolidation loans, home renovation loans and funding emergency expenses.

Best Loans for Fair Credit of 2022

Online Lender APR Range Loan Amounts Min. Credit Score


5.22% to 35.99%

$1,000 to $50,000

300 (insufficient credit history accepted)


5.94% to 35.97%

$1,000 to $50,000


Rocket Loans

5.97% to 29.99%

$2,000 to $45,000



5.99% to 24.99%

$2,500 to $25,000

Not disclosed

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