Credit Score Requirements & Personal Loan Approval Guide
Learn credit score tier requirements for personal loan approval (720+ prime vs 580 subprime), DTI limits, income verification, and soft credit inquiries.
By Sarah Jenkins, CFA
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Reviewed by David Vance, CFP
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5 min read
Credit Score Tiers & Personal Loan APR Impact
| FICO Credit Tier | Credit Rating | Typical Personal Loan APR | Approval Probability |
|---|---|---|---|
| 720 – 850 | Excellent / Prime | 6.99% – 11.99% | Very High |
| 660 – 719 | Good | 12.00% – 17.99% | High |
| 580 – 659 | Fair / Subprime | 18.00% – 28.99% | Moderate (Co-signer helpful) |