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PERSONAL LOANS
Best Personal Loans for 580 Credit Score (2026)
LIVE RATE8.99% APRfor qualified borrowers · No hard credit pull
📋 Reviewed by WiseIQ Editorial Team · Updated April 2026 · Editorially independent
Advertiser Disclosure: WiseIQ earns a commission when you apply for and are approved for products through links on this page. This does not influence our rankings. See how we rank →
WiseIQ Expert Tip
Before accepting any loan offer, calculate the total cost of the loan (principal + all interest + fees). A lower monthly payment often means paying thousands more over the life of the loan.
Not Financial Advice: The information on this page is for comparison and educational purposes only. Always review full product terms before applying.
580 Credit Score · Fair Credit (580–619)
WiseIQ Editorial Team
Reviewed by certified financial experts · Updated March 2026
Getting a personal loan with a 580 credit score is challenging but possible. You'll need to target lenders that specialize in fair credit borrowers. Expect higher interest rates (18%–36%) and lower loan amounts. The lenders below are your best options right now.
Best Personal Loans for 580 Credit Score
WISEIQ TOP PICK
PERSONAL LOANS
Upstart
Best for fair & thin credit · AI-powered approval
APR RANGE
7.80%–35.99%
LOAN AMOUNT
$1K–$50K
MIN. CREDIT
300
✓ No prepayment penalty✓ Funds in 1 business day✓ Soft pull pre-qualification✓ Considers education & job history
WiseIQ may earn a referral fee if you apply through this link. Rates shown are representative and may vary. See Upstart's website for full terms.
580
Poor-Fair Credit Range
Personal Loans Options at This Score
What to Expect
At this score range, you'll qualify for some products but with higher rates and stricter terms. Subprime lenders are your primary option.
Rate Impact
Expect rates 5–12% above prime borrowers.
💡 Top Tip for 580 Credit
Dispute any errors on your credit report — even one removed negative item can push you into the fair range.
Timeline: 6–18 months of positive activity can improve your score significantly.
Upstart
Top Pick
APR Range
7.80%–35.99%
Loan Amount
$1K–$50K
Min. Credit Score
300
Why we recommend it: Uses AI to evaluate more than just your credit score — considers education and employment history. One of the few lenders that accepts 580 scores.
Affiliate disclosure: WiseIQ may earn a commission if you apply.
💡Expert Insight
Based on our analysis of thousands of consumer financial profiles, the most common mistake people make is focusing solely on the interest rate without considering total loan cost, fees, and repayment flexibility. Always compare the APR — not just the rate — and read the fine print on prepayment penalties before signing.
We monitor rates across 50+ lenders and alert you when better options become available for your profile.
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WiseIQ Editorial Team
Reviewed by Certified Financial Planners & Industry Experts
Our editorial team consists of financial writers, CFPs, and former banking professionals dedicated to providing accurate, unbiased financial guidance. All content is fact-checked and updated regularly. Learn about our editorial standards →
Frequently Asked Questions
Can I get a personal loan with a 580 credit score?
Yes, but your options are limited. Lenders like Upstart, Avant, and OneMain Financial accept 580 credit scores. Expect APRs of 18%–36% and loan amounts typically capped at $20,000–$35,000.
What APR will I get with a 580 credit score?
With a 580 score, expect APRs between 18% and 36%. The exact rate depends on your income, debt-to-income ratio, and the lender. Upstart may offer lower rates if you have a strong employment history.
Should I get a secured or unsecured personal loan with a 580 credit score?
If you have collateral (car, savings), a secured loan can significantly lower your rate even with a 580 score. OneMain Financial offers secured options. If you don't have collateral, unsecured lenders like Upstart and Avant are your best bet.
WiseIQ's editorial team researches and fact-checks all content using primary sources. Our recommendations are based on independent analysis and are not influenced by advertiser relationships.
Focus on the Annual Percentage Rate (APR), which includes both interest and fees. Compare minimum credit score requirements, funding speed, loan amounts, and repayment terms. Read recent customer reviews on Trustpilot and the BBB. Getting pre-qualified lets you see real personalized offers.
The interest rate is the base cost of borrowing. APR (Annual Percentage Rate) includes the interest rate plus all fees (origination fees, closing costs, etc.), expressed as a yearly rate. APR gives you a more complete picture of the true cost of a loan — always compare APRs, not just interest rates.
Credit scores have a dramatic impact on rates. On a $20,000 personal loan, the difference between a 720 score (8% APR) and a 580 score (25% APR) is over $9,000 in additional interest over 5 years. Improving your score before applying can save thousands.
Reputable online lenders use bank-level encryption (256-bit SSL) to protect your data. Look for HTTPS in the URL, check that the lender is registered in your state, verify their BBB rating, and read privacy policies before submitting personal information. Avoid lenders who contact you unsolicited.
