How much of a loan can i get with a 670 credit score?

AffiliatePal is reader-supported. When you buy through links on our site, we may earn an affiliate commission.



If you have a credit score of 670, you may be wondering how much of a loan you can get. Your credit score plays a significant role in determining your eligibility for loans and the terms you may be offered. In this article, we will delve into the factors that lenders consider when determining loan amounts for individuals with a credit score of 670.

Factors Affecting Loan Amounts

When considering how much of a loan you can get with a credit score of 670, several factors come into play. These factors include:

1. Credit History: Lenders will assess your credit history to evaluate your repayment behavior. A good credit history, with timely payments and low credit utilization, can increase your chances of securing a larger loan amount.

2. Debt-to-Income Ratio: Lenders also consider your debt-to-income ratio, which is the percentage of your monthly income that goes towards debt payments. A lower debt-to-income ratio indicates a higher capacity to repay the loan, potentially resulting in a larger loan amount.

3. Employment and Income: Stable employment and a steady income are crucial factors for lenders. A higher income and a reliable job can increase your chances of getting a larger loan.

4. Loan Purpose: The purpose of the loan can also influence the loan amount. Some lenders may have specific loan programs with different limits based on the purpose, such as auto loans, personal loans, or mortgages.

Types of Loans

The loan amount you can get with a credit score of 670 may vary depending on the type of loan you are applying for. Here are a few common types of loans and their considerations:

1. Personal Loans: Personal loans are unsecured loans that can be used for various purposes. With a credit score of 670, you may qualify for a personal loan, but the loan amount may be lower compared to someone with a higher credit score. Lenders may also charge a higher interest rate due to the perceived risk.

2. Auto Loans: If you are looking to finance a car purchase, a credit score of 670 may still allow you to secure an auto loan. However, the loan amount and interest rate may be influenced by other factors such as the vehicle’s value, down payment, and loan term.

3. Mortgages: When it comes to mortgages, a credit score of 670 may be considered fair. However, the loan amount you can get will depend on various factors, including your income, down payment, and debt-to-income ratio. It’s important to note that different lenders may have different requirements, so shopping around is advisable.


In conclusion, with a credit score of 670, you may still be eligible for loans, but the loan amount you can secure may be influenced by several factors. Lenders consider your credit history, debt-to-income ratio, employment and income stability, and the purpose of the loan. It’s important to maintain a good credit history, manage your debts responsibly, and provide accurate information to lenders to increase your chances of securing a larger loan amount.


– Experian:
– Equifax:
– TransUnion:
– Consumer Financial Protection Bureau: