How Credit Score Affects Personal Loan Rates

Learn why borrower credit can affect the APR offered on a personal loan and how to model different assumptions.

Credit history is one factor lenders may use when pricing an unsecured personal loan. A stronger credit profile can sometimes qualify for different pricing, but the actual APR also depends on the lender, income, existing debt, loan amount, term, and other underwriting factors.

Use scenarios

Rather than assuming one rate, enter several APRs into the ClearRateUS calculator. Keep the loan amount and term unchanged so you can see how the APR alone changes the payment and total interest.

Read the full offer

If you receive a real loan offer, compare the APR, fees, payment schedule, and total cost shown in the lender's disclosures. A calculator estimate is not a substitute for those documents.