QUESTION
What is the minimum credit score required to qualify for a Rocket Loans personal loan?
ANSWER
170
Rocket Loans, a part of Rocket Mortgage by Quicken Loans, typically requires borrowers to have a minimum credit score of 640 to qualify for a personal loan. This threshold allows them to cater to consumers with fair credit history, offering a range of loan options. However, it's essential to note that meeting the minimum credit score requirement doesn't guarantee loan approval, as lenders also evaluate other factors such as income, employment history, and debt-to-income ratio. Furthermore, those with higher credit scores are more likely to receive favorable loan terms, including lower interest rates and better repayment terms.
EXCLUSIVE OFFER
04.10.2024
ROCKET LOANS MINIMUM CREDIT SCORE