You can borrow $50,000 - $100,000+ with a 720 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.
The best personal loans for a 720 credit score are from LightStream because they offer $5,000 - $100,000 with APRs of 7.49% - 25.99% and repayment periods of 24 - 84 months. You will need a credit score of 720+ to qualify for a personal loan from LightStream.
Best Personal Loans for a 720 Credit Score
Lender | Loan Amounts | APRs | Credit Score Requirement |
LightStream | $5,000 - $100,000 | 7.49% - 25.99% | 660 |
SoFi | $5,000 - $100,000 | 8.99% - 29.99% Fixed APR with all discounts | 680 |
Wells Fargo | $3,000 - $100,000 | 7.49% - 23.24% | 660 |
USAA | $1,000 - $100,000 | 10.34% - 18.51% | Not disclosed |
Discover | $2,500 - $40,000 | 7.49% - 24.99% | 660 |
For more information, check out WalletHub’s complete picks for the best personal loans. Then, you can estimate your potential rates with our free pre-qualification tool.
This answer was first published on 08/26/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
You can borrow $50,000 - $100,000+ with a 720 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.
What credit limit can I get with 720? ›
What is a high credit limit?
Credit category | Credit score range | Average credit line |
---|
Super prime | 720-850 | About $10,000 |
Prime | 660-719 | Less than $6,000 |
Near prime | 620-659 | About $3,000 |
Subprime | 580-619 | About $2,000 |
What credit score is needed for a $25,000 loan? ›
Typically, a desirable credit score for a $25,000 personal loan is around 670 and above, but some lenders work with those who have scores from 580 and up.
What credit score do I need for a $7000 loan? ›
You will likely need a credit score of at least 640 for a $7,000 personal loan. Most lenders that offer personal loans of $7,000 or more require fair credit or better for approval, along with enough income to afford the monthly payments.
What credit score do I need for a $3,000 loan? ›
Many personal loan lenders prefer minimum scores of 550-600 for a $3,000 loan amount. The higher your score, the better the loan terms will be.
How to get $50,000 credit card limit? ›
To get approved for high-limit credit cards, you'll most likely need to have good or excellent credit and a steady income to support a higher credit limit. Picking the right card is important, too. You may be able to find the minimum starting credit limits listed in some cards' terms and conditions.
How to get a $20,000 credit card limit? ›
The highest credit limit one can obtain depends on multiple factors, including income, credit history, and the credit card issuer's policies. While some individuals may qualify for credit limits exceeding $20,000, it often requires an excellent credit score and substantial income.
What credit score is needed for a $10,000 loan? ›
To increase your chance of qualifying for a $10,000 unsecured loan, you should have a credit score of 600 or higher. Some lenders start their minimum credit score requirements at 600, however, there are some lenders that require a credit score in the high 600s or low 700s.
What credit score is needed for $5,000 loan? ›
Requirements for a $5,000 loan vary by lender. But in general, you should have at least Fair credit, which is a score of 580 or above. Lenders may also look at other factors, such as your income and your debt-to-income ratio (DTI), during the application process.
What credit score is needed for a $20,000 loan? ›
Requirements for a $20,000 Personal Loan
This means they'll want to see your credit score, income level and DTI ratio. Requirements vary by lender, but most lenders require borrowers to have a credit score in the good to excellent range — meaning a score of at least 670.
The monthly payment on a $3,000 loan ranges from $41 to $301, depending on the APR and how long the loan lasts. For example, if you take out a $3,000 loan for one year with an APR of 36%, your monthly payment will be $301.
How much would a $5000 loan cost per month? ›
What is the monthly payment on a $5,000 personal loan?
Payoff period | APR | Monthly payment |
---|
2 years | 15% | $242 |
3 years | 15% | $173 |
4 years | 15% | $139 |
5 years | 15% | $119 |
3 more rows
How much would a $7000 loan cost per month? ›
Monthly payments for a $7,000 personal loan
Loan duration | Average monthly payments ($7,000 loan) | |
---|
| Poor credit | Excellent credit |
---|
1–12 months | $826.51 | $646.88 |
13–24 months | $367.03 | $318.62 |
25–36 months | $264.41 | $221.24 |
1 more rowMar 7, 2024
What is the easiest loan to get right now? ›
Key Takeaways
- Some of the easiest loans to get approved for if you have bad credit include payday loans, no-credit-check loans, and pawnshop loans.
- Personal loans with essentially no approval requirements typically charge the highest interest rates and loan fees.
How much money can I borrow with a 770 credit score? ›
You can borrow over $100,000 with a 770 credit score if you get a mortgage or a home equity loan. Keep in mind, the exact amount of money you will get depends on other factors in addition to your credit score, such as your income, your employment status and even the lender.
What credit score is needed for a $1,000 dollar loan? ›
A good to excellent credit score of at least 670 is often required, but there are some lenders that weigh other factors more heavily — allowing you to qualify even with a lower credit score. One of those factors is your income level.
What credit card limit can I get with a 700 score? ›
What credit score is needed to get a high-limit credit card?
VantageScore 3.0 credit score range | Average credit card limit |
---|
300–640 | $3,481.02 |
640–700 | $4,735.10 |
700–750 | $5,968.01 |
750+ | $8,954.33 |
Mar 15, 2024
Can you get a credit card with a score of 720? ›
A credit score of about 700+ will likely qualify you for just about any credit card, including those with cash back rewards, lower annual percentage rates (APRs) and more.
How much line of credit can I get with a 750 credit score? ›
Christie Matherne, Credit Card Writer
The credit limit you can get with a 750 credit score is likely in the $1,000-$15,000 range, but a higher limit is possible. The reason for the big range is that credit limits aren't solely determined by your credit score.
What am I eligible for with a 700 credit score? ›
In other words, a 700 credit score will still qualify you for better deals on credit cards, personal loans, mortgages and other types of credit, but it won't give you access to the same types of terms someone with very good credit, or a credit score above 740, would have.