How much can you borrow with a 780 credit score?
If you're more interested in a personal loan, you could borrow up to $100,000. The best personal loans for a 780 credit score are from LightStream because they offer $5,000 - $100,000 in funding with APRs of 7.99% - 25.99% and repayment periods of 24 - 84 months.
You can borrow over $100,000 with a 780 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.
Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 780 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders' better interest rates and product offers.
| Best For | Loan Amount | |
|---|---|---|
| SoFi | Best Overall | $5,000 - $100,000 |
| LightStream | Best for Long Repayment Terms | $5,000 - $100,000 |
| Discover | Best for Debt Consolidation | $2,500 - $40,000 |
| U.S. Bank | Best Big Bank | $1,000 - $50,000 |
| FICO® score | APR | Monthly payment * |
|---|---|---|
| 760-850 | 6.470% | $1,890 |
| 700-759 | 6.692% | $1,934 |
| 680-699 | 6.869% | $1,970 |
| 660-679 | 7.083% | $2,013 |
What Is the Typical Credit Score Required for a $3,000 Personal Loan? Since $3,000 is not a large loan amount, a credit score between 610 and 640 should suffice for an “unsecured” personal loan (a loan with no collateral). The higher your credit score, the less interest you will pay.
This depends on your financial situation. For those with a good credit score — around 670 and up — a $30,000 personal loan may be pretty easy to get.
Only about 20% of Americans that have a credit score land above the 780 mark, which is considered the top tier, according to credit reporting agency TransUnion. Even fewer are above the 800 mark.
With FICO, fair or good credit scores fall within the ranges of 580 to 739, and with VantageScore, fair or good ranges between 601 to 780. Many personal loan lenders offer amounts starting around $3,000 to $5,000, but with Upgrade, you can apply for as little as $1,000 (and as much as $50,000).
What credit score do you need for a $1000 loan?
Requirements for a $1,000 Personal 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.
Your credit score can make or break your ability to get a $10,000 loan. Generally, it can be hard to meet personal loan requirements if your credit score is below 640. That doesn't mean that it's impossible, but you may need to stick to bad credit loans (which typically have higher APRs).
To qualify for a $100,000 personal loan, you'll need a credit score of 720 or above and a high income. Large unsecured loans tend to be expensive because they have high interest rates and long loan terms.
Conventional lenders now require a 780 credit score or higher to qualify for the lowest mortgage interest rates, so anything above 780 is considered an excellent score to buy a house. Armed with this score, you can secure a more affordable monthly payment and have more buying power when making purchase offers.
670 to 739: good. 740 to 799: very good. 800 and above: exceptional.
- Pay Your Bills on Time – All of Them. Paying your bills on time can improve your credit score and get you closer to an 800+ credit score. ...
- Don't Hit Your Credit Limit. ...
- Only Spend What You Can Afford. ...
- Don't Apply for Every Credit Card. ...
- Have a Credit History. ...
- What an 800+ Credit Score Can Mean.
What is the easiest loan to get approved for? The easiest types of loans to get approved for don't require a credit check and include payday loans, car title loans and pawnshop loans — but they're also highly predatory in nature due to outrageously high interest rates and fees.
| Lender | Loan Amounts | APRs |
|---|---|---|
| SoFi | $5,000 - $100,000 | 8.99% - 25.81% |
| Wells Fargo | $3,000 - $100,000 | 7.49% - 23.74% |
| USAA | $1,000 - $100,000 | 7.24% - 17.65% |
| Discover | $2,500 - $40,000 | 6.99% - 24.99% |
| Payoff period | APR | Monthly payment |
|---|---|---|
| 12 months | 15% | $271 |
| 24 months | 15% | $145 |
| 36 months | 15% | $104 |
| 48 months | 15% | $83 |
The monthly payment on a $30,000 loan ranges from $410 to $3,014, depending on the APR and how long the loan lasts. For example, if you take out a $30,000 loan for one year with an APR of 36%, your monthly payment will be $3,014.
What credit score does LendingTree use?
While many creditors look at your FICO Score, some lenders use VantageScore instead, a credit score model created by the three credit bureaus. LendingTree provides you with the most recent version of your VantageScore 3.0.
While you'll generally need good to excellent credit to get approved for a $30,000 personal loan, you might still be able to qualify even if you have poor or fair credit.
While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.
To reach an 800 credit score, you'll want to demonstrate on-time bill payments, have a healthy mix of credit (meaning accounts other than just credit cards), use a small percentage of your available credit, and limit new credit inquiries.
- Very Poor: 300-499.
- Poor: 500-600.
- Fair: 601-660.
- Good: 661-780.
- Excellent: 781-850.
