Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $25,000 loan at 6.49% APR with a term of 3 years would result in 36 monthly payments of $766.11. © 2024 Truist Financial Corporation. Truist, LightStream and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.
Every lender sets its own minimum credit standards, but you can qualify for a personal loan with a credit score as low as 300 (see Upstart). But the lower your credit score, the higher your rate. Generally, personal loan rates start becoming more affordable once you hit 670.
Lenders also look at other factors like how much debt you already have and how much money you make per year. The best way to see if you’re eligible for a personal loan to buy land is to prequalify. Prequalification doesn’t hurt your credit score and it can give you an idea of what rates you can get from a lender.