You will likely need a credit score of at least 580 for a $3,500 personal loan. Most lenders that offer personal loans of $3,500 or more require bad credit or better for approval, along with enough income to afford the monthly payments. Other common loan requirements include being at least 18 years old; being a U.S. citizen, permanent resident or visa holder; and having a valid bank account.
Credit Score Required by Lenders That Offer $3,500 Personal Loans
| Lender | Loan Range | Credit Score Required |
| $2,000 - $35,000 | 580 | |
| $1,000 - $40,000 | 600 | |
| $1,000 - $30,000 | Not disclosed, but does consider those with bad credit | |
| $2,000 - $36,500 | 620 | |
| $1,000 - $50,000 | 580 |
Some lenders will consider people with bad credit for a $3,500 personal loan, but it may be difficult to get approved for an amount above the lender's minimum unless you have a lot of income. Your chances of approval do get better the higher your credit score is above the minimum requirement, though.
The best way to see your odds of approval and what rates may be available to you is to add your desired loan amount to WalletHub's free pre-qualification tool. This tool won't hurt your credit score.
This answer was first published on 10/15/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
