Many borrowers wonder what credit score is needed to qualify for a personal loan. Lenders typically review credit history as part of the loan approval process, but minimum credit score requirements may vary depending on the lender.
Credit scores are usually categorized into several ranges that lenders may review during the approval process.
Each lender may evaluate credit history differently when reviewing applications.
Credit score is only one part of the review process. Lenders may also consider other factors such as:
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