How Much Personal Loan Can I Get With a 600 Credit Score?

There is no specific personal-loan amount that you automatically qualify for with a 600 credit score, but you may be able to borrow anywhere from a few hundred dollars to several thousand dollars or more depending on the lender, your income, existing debts and other information in your application. A 600 FICO^® Score is generally considered fair credit, and some lenders will consider applicants in this range. The loan offers discussed below range from $100 to as much as $40,000, but the amount any particular lender will offer you can be much lower than its advertised maximum.

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How Much Can You Borrow With a 600 Credit Score?

It depends on the lender and your overall financial situation. A 600 credit score does not come with a predetermined loan limit. Lenders can consider your credit history, income, existing debt, requested loan amount and other factors when deciding whether to approve you and how much to lend.

For example, the loan networks discussed on this page advertise amounts ranging from $100 to $40,000. That does not mean a person with a 600 credit score can automatically borrow $40,000. It means those networks have lenders that may offer loans within those ranges to applicants who meet the applicable requirements.

Can You Get a Personal Loan With a 600 Credit Score?

Yes, you may be able to get a personal loan with a 600 credit score. A 600 FICO Score falls within the fair-credit range, and there are lenders that consider borrowers below the scores typically associated with the best personal-loan rates. Approval is not guaranteed, however, and your income, debts, credit history and other qualifications can affect both approval and the amount you are offered.

That's why it makes more sense to look at several loan sources rather than assume that every lender uses the same minimum credit score or offers the same loan amounts.

Which Personal Loans Are Available With a 600 Credit Score?

Several of the loan networks we found consider a broad range of credit profiles. They are not identical, though. Their advertised loan amounts, credit requirements and state restrictions are different, which can matter when you're trying to find a loan with a 600 credit score.

100Lenders

100Lenders offers one of the broadest loan ranges in this group, with typical loan amounts ranging from $100 to $40,000, and its program information says all credit types are considered. Applicants must be at least 18 years old and cannot be active military members. The service is not available to residents of Connecticut, New Hampshire, Washington or Vermont.

Because the advertised range begins at only $100, 100Lenders can be relevant if you need a relatively small amount as well as if you are looking for a larger personal loan. The actual amount and terms available to you depend on the lender you are matched with and your qualifications.

➤ See personal loan options through 100Lenders

First Premier Lending

First Premier Lending is another loan-matching service, but its published information is different from the other offers on this page. Its marketing information says customers can get up to $1,000 wired to their bank account in as little as one day, while the program specifications list a potential loan amount of up to $20,000. It also says it works with hundreds of lenders and welcomes applicants with any credit.

First Premier Lending does not accept leads from Arkansas or New York. That restriction is particularly important because state availability can eliminate an otherwise potentially useful option before you even submit an application.

➤ Check First Premier Lending loan options.

Honest Loans

Honest Loans has a lower advertised amount in its approved marketing copy than some of the other networks we found. Its program information says applicants may be approved for up to $2,500 with funds deposited as soon as the next business day, while the program specifications list loans of up to $20,000.

Honest Loans also has more specific qualification requirements than some of the other offers. The program says applicants must have a checking account, cannot be active military, must be between ages 20 and 65, and must have monthly income between $1,200 and $10,000. It also filters out New York applicants and has additional requirements involving employment and pay dates.

Because of those requirements, Honest Loans is not simply an “anyone can apply” option. Someone with a 600 credit score may still be considered, but meeting the program's other requirements matters too.

➤ Check Honest Loans options.

RedArrowLoans

RedArrowLoans is one of the more interesting options for someone specifically concerned about having a lower credit score because its program information lists a minimum FICO^® Score of 540. Its advertised loan range is $500 to $35,000, and the program says all credit types are considered.

There are important restrictions. RedArrowLoans does not cover New York, Vermont, West Virginia or Arkansas. Applicants must also be at least 18 years old, have a checking account and meet the program's other requirements, including a minimum income of $800.

For someone with a 600 score, the 540 minimum listed by the program means the credit-score requirement itself does not automatically eliminate you. It still does not guarantee approval or tell you how much you would be offered.

➤ Check RedArrowLoans loan options.

ZippyLoan.com

ZippyLoan.com advertises personal-loan amounts from $100 to $15,000 and says all credit types are welcome. Its program information says the service can connect applicants with lenders offering installment and short-term loans.

ZippyLoan.com is not available to residents of New York, West Virginia or Oregon. Because its advertised minimum is only $100, it can be relevant to people looking for a smaller amount rather than only people seeking a large personal loan.

➤ Check ZippyLoan.com loan options.

NextDayPersonalLoan.com

NextDayPersonalLoan.com has one of the broadest advertised loan ranges in this group, from $100 to $40,000, and its program information says all credit types are considered. The program also says applicants must be at least 18 years old, cannot be active military members, and cannot live in Connecticut, New Hampshire, Washington or Vermont.

The advertised range makes this another option worth considering when the amount you need could be relatively small or substantially larger. As with the other networks, the maximum advertised amount is not a promise that you will qualify for that amount.

➤ Check NextDayPersonalLoan.com loan options.

Does a 600 Credit Score Limit How Much You Can Borrow?

It can affect your available loan options, but your credit score is not the only factor that determines the amount you can borrow. Lenders can also consider your income, monthly debt obligations, credit history and other information when evaluating your ability to repay the loan.

For example, a borrower with a 600 score and strong income with relatively little existing debt may have a different borrowing profile from someone with the same score who already has substantial monthly debt payments. That's one reason two people with the same credit score can receive very different loan offers.

Can You Get a $2,000 Personal Loan With a 600 Credit Score?

Yes, a $2,000 personal loan may be possible with a 600 credit score. Several of the loan networks discussed above advertise loan amounts that include $2,000, although the specific lender you are matched with will determine whether you qualify and what terms you receive.

If you only need $2,000, you do not necessarily need to pursue a loan network advertising a $40,000 maximum. A smaller loan may be more appropriate if it covers the expense you actually need to pay and produces a monthly payment you can afford.

Can You Get a $5,000 Personal Loan With a 600 Credit Score?

A $5,000 personal loan may also be possible with a 600 credit score, but approval becomes more dependent on your overall financial qualifications. Several of the networks listed here advertise maximum amounts well above $5,000, but those maximums do not mean every applicant will be offered that amount.

Your income, existing monthly debt and credit history can become particularly important when you request a larger amount because the lender needs to determine whether the resulting payment is affordable.

Can You Get a $10,000 Personal Loan With a 600 Credit Score?

It may be possible, but a $10,000 request is not something a 600 credit score guarantees. Some of the loan networks listed above advertise maximum amounts of $10,000 or substantially more, but the lender ultimately decides whether to approve the application and how much to offer.

If you need $10,000, compare the actual APR, fees, repayment term and monthly payment rather than choosing a loan simply because the advertised maximum is high.

What Should You Look at Besides the Loan Amount?

The loan amount is only one part of the offer. Before accepting a personal loan, look at the APR, fees, repayment period, monthly payment and total amount you will repay.

A loan with a larger maximum amount is not necessarily a better fit if the cost of borrowing is too high or the monthly payment is difficult to afford. Personal installment loans generally require fixed payments over a specific period, and the terms can vary from one lender to another.

Does a Personal Loan Application Affect Your Credit Score?

It can, depending on how the lender checks your credit. Some loan-shopping or pre-qualification processes may use a soft inquiry, while a full application can result in a hard inquiry that may affect your credit score. The specific process depends on the lender or loan network.

That is another reason to pay attention to what happens when you submit your information. Checking available options and actually accepting a loan are not necessarily the same step.

What Is the Maximum Personal Loan You Can Get With a 600 Credit Score?

There is no universal maximum based solely on having a 600 credit score. The offers discussed here advertise maximums ranging from $1,000 in some consumer-facing marketing to $40,000, but those numbers represent the ranges advertised by the respective programs rather than amounts guaranteed to someone with a 600 score.

Your actual maximum could be considerably lower. The lender's underwriting decision, your income, existing debts, credit history and the amount you request all matter.

Bottom Line on Getting a Personal Loan With a 600 Credit Score

A 600 credit score does not automatically prevent you from getting a personal loan, and there is no fixed dollar amount that everyone with a 600 score can borrow. The loan networks discussed here show how much the available options can differ: some advertise loans starting at $100, some specifically list minimum credit requirements as low as 540, and several advertise maximums of $35,000 or $40,000. Your actual loan amount, approval and terms will depend on the lender and your individual qualifications.