Average car loan rates by credit score
|Credit score range||New car loan||Used car loan|
|Super prime: 781 to 850||4.19%||4.69%|
|Prime: 661 to 780||5.01%||6.38%|
|Nonprime: 601 to 660||7.91%||10.91%|
|Subprime: 501 to 600||12.17%||16.78%|
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What mortgage interest rate can I get with a 600 credit score?
Credit Score of 600: Home Loans
|Bad||600 Credit Score||5.36%|
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What is the average APR for a 600 credit score?
But a higher score will almost certainly get you a lower interest rate. At the end of 2017, the average credit score for a new-car loan was 713, and 656 for a used-car loan, according to an Experian report. But nearly 20% of car loans go to borrowers with credit scores below 600, according to Experian.
What can you get with a 600 credit score?
600 Credit Score: Is it Good or Bad? Your score falls within the range of scores, from 580 to 669, considered Fair. A 600 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.
Can I get a loan with a 600 credit score?
A credit score of 600 to 700 is typical for borrowers who get approved for Avant loans, but you can still apply if your credit score is lower. With Avant personal loans, you can request a loan amount of $2,000 to $35,000 and choose a loan length of 24 to 60 months.