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A personal loan can come to your rescue if you need some financial help, but your credit score is low. It is a common misconception that individuals with poor credit scores cannot get approved for personal loans. However, many lenders offer personal loans even to borrowers with a credit score of 600 or lower.
In this guide, we will discuss some of the top lenders offering 600 credit score personal loans. We will break down the different types of loans available, their interest rates, repayment terms, and other important details.
1. Avant
Avant is one of the most popular lenders for people with low credit scores. They offer personal loans with credit scores as low as 580. The loan amount ranges between $2,000-$35,000, with interest rates ranging from 9.95% to 35.99%. The repayment term ranges from 24 to 60 months.
2. Upgrade
Upgrade offers personal loans to people with credit scores as low as 600. They have fixed-rate loans ranging from $1,000-$35,000, with interest rates ranging from 5.94% to 35.97%. The repayment term ranges from 36 to 60 months.
3. LendingClub
LendingClub is another reputable lender that offers personal loans to borrowers with less than perfect credit scores. The loan amount ranges from $1,000-$40,000, with interest rates ranging from 8.05% to 35.89%. The repayment term ranges from 36 to 60 months.
4. OneMain Financial
OneMain Financial is a great option for borrowers who need a smaller loan amount. They offer personal loans ranging from $1,500-$20,000. Loan terms range from 24 to 60 months, with interest rates ranging from 18.00% to 35.99%.
5. Peerform
Peerform offers personal loans to borrowers with a credit score of 600 or higher. The loan amount ranges from $4,000-$25,000, with interest rates ranging from 5.99% to 29.99%. The repayment term ranges from 36 to 60 months.
When considering a personal loan, it’s important to do some research. Different lenders will have different interest rates, repayment terms, and loan amounts. Be sure to read through all of the terms and conditions carefully before signing on the dotted line.
In conclusion, getting approved for a personal loan with a credit score of 600 is possible. With the lenders listed above, you can compare and select the one that best fits your financial needs and goals. Remember to make your repayments on time and keep building your credit score for future financial opportunities. Good luck!
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