Personal Loans for an 700 Credit Score

Is a 700 credit score a good score?

Yes, both figuratively and literally. A 700 credit score is classed as “Good” and is a good score to have. The closer your score is to an “Excellent” score, which starts at 750, the better off you’ll be.

Can I get a personal loan with a 700 credit score?

Yes, you likely can. Two other key factors affect whether or not you can get a loan; your debt-to-income ratio and your income. Your debt-to-income ratio must be less than 43%, and should ideally be less than 20% if you’re thinking of applying for a new loan. That means if you make $100,000, you must not have more than $43,000 of debt already, and should ideally have less than $20,000. Note that this debt does not include your mortgage.

Best Personal Loans for 700 Credit Score

Below you’ll find some of the best personal loans available to anyone with a credit score of 700. They’re ordered in alphabetical order, so make sure you read through them carefully to find the right loan for you.

Avant

Offers Loans of $2,000 - $35,000

• Rates: 95% - 35.99%
• Minimum Score: 550
• Terms: 2-5 years
• Minimum Income: $1,200 a month
• Pros: Next-day financing, they offer a soft credit check before applying, low minimum score
• Cons: Origination fee, not available in CO, IA, HI, VT, NV, NY, and WV

Axos

Offers Loans of $10,000 - $50,000

• Rates: 99% - 15.19%
• Minimum Score: 700
• Terms: 3-6 years
• Pros: Next-day funding, offers a soft credit check before applying, no prepayment penalty
• Cons: High minimum credit score

Best Egg

Offers Loans of $20,000 - $50,000

• Rates: 99% - 35.99%
• Minimum Score: 600
• Terms: 2-5 years
• Pros: Funds in 1-3 days, soft credit check before applying
• Cons: Origination fee, not available in DC, IA, VT, WV

Discover

Offers Loans of $2,500 - $35,000

• Rates: 99% - 24.99%
• Minimum Score: 660
• Terms: 3-7 years
• Pros: Soft credit check before applying, no fees besides a late fee, use for any purpose, funds next business day
• Cons: None

Happy Money

Offers Loans of $5,000 - $40,000

• Rates: 99% - 29.99%
• Minimum Score: 600
• Terms: 2-5 years
• Pros: Soft credit check before you apply
• Cons: Origination fee, a little slow to fund compared to others (2-5 business days), not available in MA and NV, and potentially high interest rate

LightStream

Offers Loans of $5,000 - $100,000

• Rates: 24% - 19.99%
• Minimum Score: 660
• Terms: 2-7 years
• Pros: Potentially low interest rates, can fund same day, no fees, soft credit check before you apply
• Cons: Not available in RI and VT

Marcus

Offers Loans of $3,500 - $40,000

• Rates: 99% - 24.99%
• Minimum Score: 660
• Terms: 3-6 years
• Minimum income: $30,000
• Pros: No fees, soft credit check before you apply
• Cons: Takes 3+ days to fund

Prosper

Offers Loans of $2,000 - $50,000

• Rates: 99% - 35.99%
• Minimum Score: 640
• Terms: 2-5 years
• Pros: Next-day funding, soft credit check before you apply
• Cons: Origination fee, not available in IA, ND, and WV, potentially high interest rate

SoFi

Offers Loans of $5,000 - $100,000

• Rates: 99% - 23.43%
• Minimum Score: 640
• Terms: 2-7 years
• Pros: No fees, soft credit check before you apply
• Cons: Not available in MA

Upgrade

Offers Loans of $1,000 - $50,000

• Rates: 46% - 35.97%
• Minimum Score: 560
• Terms: 2-6 years
• Pros: Fast funding, soft credit check before you apply
• Cons: Not available in WV, origination fee