The minimum credit score for a personal loan depends on the lender you choose. In most states, loans through Upstart don’t carry a minimum credit score requirement, since applications are reviewed using income, employment, and other financial details as well — though some lending partners on the Upstart platform do set their own minimum.
How is credit score evaluated for loans through Upstart?
For loans through Upstart, credit score is only one of many factors reviewed during underwriting, so a lower score does not automatically rule out approval. This approach looks at a borrower’s full financial picture instead of relying on one cutoff number. For example, a borrower with a below-average credit score but steady income and stable employment may still qualify, even when a lender with a strict, higher score cutoff would decline them.
How do credit score minimums vary by lender?
Credit score requirements for personal loans vary widely because each lender builds its own underwriting model. Traditional banks and credit unions often set a minimum in the high 600s or low 700s, since they rely heavily on credit score to predict repayment risk. Other lenders set lower cutoffs or skip a formal minimum altogether, choosing instead to weigh income, employment, and other financial details alongside credit history.
Before you apply, check your credit report for errors and gather proof of income, since a complete application gives every lender the clearest picture of your finances.
Are credit cards or personal loans worse for credit?
Won't affect your credit score¹