Can You Get a Personal Loan With a 580 Credit Score or Lower?
Yes, some lenders consider applications from consumers with scores around 580 or below.
Under the commonly used FICO scoring model, scores between 300 and 579 are categorized as poor, while scores from 580 to 669 are considered fair.
However, lenders generally evaluate more than a credit score.
Common considerations include employment income, repayment history, debt obligations, available cash flow, and previous borrowing activity.
A borrower with a 550 score and stable income may receive a different decision from another applicant with the same score but substantial outstanding debt.
There is no universal credit score that guarantees approval from every lender.
Personal Loan Options for Bad Credit in 2026
The following lenders provide products that may be relevant to consumers with damaged or limited credit histories.
Lender | Advertised Loan Amounts | Published APR Range | Repayment Terms |
|---|---|---|---|
Upstart | $1,000–$75,000 | 6.1%–35.99% | 36 or 60 months |
OneMain Financial | $1,500–$30,000 | 11.99%–35.99% | 24–60 months |
Avant | $2,000–$35,000 | 9.95%–35.99% | 24–60 months |
Upgrade | $1,000–$50,000 | 7.74%–35.99% | 24–84 months |
Oportun | $300–$10,000 | Varies by offer and state | Varies |
Figures reflect published lender information reviewed in November 2026. Loan eligibility, minimum amounts, APRs, and terms may vary by state and applicant.
The lowest advertised APR generally requires stronger qualifications and should not be treated as a likely rate for someone with poor credit.
1. Upstart: Loans That Consider More Than Credit Scores
Upstart operates an online lending platform that evaluates additional information beyond traditional credit scores.
Depending on the application, its lending model may consider income, employment, education, and other financial factors.
The platform advertises loans ranging from $1,000 to $75,000, with fixed repayment terms of three or five years.
Upstart also provides an initial rate check that does not affect credit scores.
What About Applicants Below 580?
Upstart may consider applicants with limited credit histories or lower scores, but it does not guarantee acceptance based on any particular score.
Loan offers depend on underwriting, state availability, and lender requirements.
Some approved borrowers may receive funds as quickly as the next business day, but verification and banking timelines can affect delivery.
2. OneMain Financial: Secured and Unsecured Loan Options
OneMain Financial offers personal loans for various purposes, including emergencies, auto repairs, and debt consolidation.
Its standard personal-loan page advertises amounts from $1,500 to $30,000, fixed APRs between 11.99% and 35.99%, and terms of 24–60 months.
OneMain may offer both unsecured loans and loans backed by eligible collateral.
Important Considerations
A secured loan may require a vehicle or another qualifying asset as collateral.
Failure to repay could place that asset at risk.
OneMain also advertises funding as quickly as one hour after loan closing for qualifying borrowers using certain disbursement methods.
However, same-day funding is not guaranteed.
Loan availability, maximum amounts, and conditions vary by state and applicant.
3. Avant: Fixed-Rate Personal Loans
Avant provides unsecured installment loans ranging from $2,000 to $35,000.
Its published APR range is 9.95%–35.99%, with repayment terms of 24–60 months.
Avant may appeal to consumers seeking predictable installment payments rather than revolving credit card debt.
However, it can charge an administration fee of up to 9.99%.
This fee is generally deducted from loan proceeds when the loan is funded.
For borrowers with limited income, the difference between the approved loan amount and the cash actually received is important.
Avant does not publish a guaranteed approval threshold of 580.
4. Upgrade: Personal Loans and Debt Consolidation
Upgrade advertises loans from $1,000 to $50,000, with APRs ranging from 7.74% to 35.99% and repayment terms of 24–84 months.
The company allows consumers to check potential rates without affecting their credit scores.
Upgrade also offers debt consolidation features, including direct payments to participating creditors on eligible loans.
Its personal loans include an origination fee ranging from 1.85% to 9.99%.
