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620 opens up more lender options and rates start to become more manageable. You may qualify at some credit unions and online lenders at better rates than traditional banks.
Our Top Picks for 620 Credit Score
Best Overall at 620
Capital One Auto Navigator
APR Range10.99% – 19.99%
Min. Credit ScoreNone stated
Why we recommend it: Capital One is one of the most accessible major banks for 620 borrowers, with a smooth pre-qualification process and competitive rates for the score range.
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Best for Refinancing
AutoPay
APR Range11.99% – 21.99%
Min. Credit Score580
Why we recommend it: If you already have a high-rate auto loan, AutoPay can help you refinance at 620 for a lower rate and monthly payment.
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Best for Comparison Shopping
myAutoloan
APR Range11.49% – 20.99%
Min. Credit Score575
Why we recommend it: myAutoloan's multi-lender platform is especially valuable at 620 where rates vary widely between lenders.
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Frequently Asked Questions
Is 620 a good credit score for a car loan?
620 is considered near-subprime. You'll qualify for more lenders than at 580–600, but rates are still above prime. Expect 11–20% APR. Improving to 640+ would meaningfully lower your rate.
Can I get a car loan from a bank with a 620 credit score?
Most traditional banks require 660+ for standard rates. At 620, credit unions and online lenders like Capital One Auto Navigator typically offer better terms than big banks.
How much will my monthly payment be on a $20,000 car at 620 credit?
At 15% APR for 60 months, a $20,000 auto loan costs about $476/month and $8,570 in total interest. At 10% APR, it drops to $425/month and $5,496 in interest.