You usually need a good credit score of 690 or above to get a personal loan from conventional lenders. Even though it might generally be difficult to get a loan with a credit score of 660, these platforms connect you to lenders who approve personal loans for bad credit.
How to Get a Personal Loan for a 660 Credit Score?
iPaydayLoans
iPaydayLoans links you up with trustworthy lenders who approve loans without requesting collateral even if your credit score isn't very good. The site is also encrypted with bank-level security, so your information is safe with them.
WeLoans
You can get access to loans with a 660 credit score from lenders with WeLoans. Their services are available 24/7 and accessible from any device that can connect to the internet.
CocoLoan
With CocoLoan, you can get connected to a pool of lenders who each offer loans with their individual rates and credit scores. This way, you get many options and can pick the one that suits your needs best.
US Bad Credit Loans
Lenders on US Bad Credit Loans approve personal loans without conducting hard credit checks that further reduce credit scores. Approval is done based on income and other factors.
PersonalLoans
PersonalLoans helps you find ethical and reliable lenders. If they cannot find you one, they will send your application to their extended network to improve your chances of getting a personal loan.
Things to Know When Applying for a Personal Loan
When applying for a personal loan, you have to be familiar with these terms.
Principal
This is the amount you want to borrow.
Interest
This is the extra amount the borrower has to pay to the lender for the loan services rendered.
APR
The annual percentage rate is the total amount paid on a loan in a year. It is a combination of both the interest and other fees.
Term
This is the period in which the loan is to be repaid.
Monthly Payment
This is the amount of the APR that will be paid each month.