Credible Loans Review

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Written By
Julija A.
November 01, 2022
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Whether you’re looking for a personal loan or a loan to refinance your mortgage, Credible has got you covered. Credible is not an online lender but a marketplace, meaning that you’ll have an opportunity to compare multiple personal loan offers at once and find the one that best fits your needs.

As is evidenced by Credible reviews like ours, this is one of the great places to go if you need to compare affordable loan rates from multiple lenders. 

Loan amounts:
$600 to $100,000

Minimum credit score requirements: 700

Check Rate

Fortunly Rating

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

$600 to $100,000
5.40% to 35.99%
0% to 8% origination fee
Depends on the lender
12 to 84 months
pros thumb up Strengths
  • Simple prequalification process
  • Multiple lenders
  • Additional financial products
  • Excellent reputation
pros thumb up Weaknesses
  • Origination fee
  • High interest rates for borrowers with bad credit


Launched in 2013, Credible is an online marketplace that offers various types of financial products for individuals. This means that through this website, you can access various loan offers provided by multiple lenders and choose the best one for your needs.

Since Credible is not an online lender, you don’t need to worry about your credit score; you can see the rates and loan terms without affecting your credit. is a customer-oriented online platform, meaning that it simplifies the loan application and borrowing processes. One of the best things about this marketplace is its huge base of online lenders, including Upgrade, Upstart, SoFi, and many others.

You can quickly compare rates that are tailored to your needs and financial situation and offered by various online lenders. On top of that, Credible collaborates with all three major credit bureaus: Experian, Equifax, and TransUnion. 

In the beginning, Credible focused specifically on student loans. It was not until 2016 that this marketplace started offering personal loans and other financial products, including home loans, mortgage refinancing, credit cards, and insurance.

More than 2.2 million people have put their trust in this company, of which 59,000 people used the service in 2021.

According to the Credible loan reviews on Trustpilot, the company is praised for affordable loan rates, fast funding time, and a quick application process. Credible has a score of 4.7 on Trustpilot based on over 5,000 reviews. 

Our goal in this article is to explain how Credible works and thoroughly review its personal loan offers. In addition, we’ll highlight the most important features of its other financial products, including home loans, student loans, student loan refinancing, credit cards, and more.

How Does Credible Compare to Other Lenders?

Credible Logo

5.40% to 35.99%

Min. credit score:


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LoansUnder36 Logo

5.99% to 35.99%

Min. credit score:


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5kFunds Logo

5.99% to 35.99%

Min. credit score:


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Types of Financing Available

Credible offers various types of financing for individuals. Our article focuses on Credible personal loans, but we’ll also discuss other types of financing, including student support and student loan refinancing, mortgages and mortgage refinancing, and credit cards. 

Personal Loans

At Credible, you can qualify for a personal loan worth anywhere from $600 to $100,000. This is because Credible collaborates with dozens of online lenders - including Upgrade, Avant, Best Egg, Payoff, Upstart, and many others - so you can get versatile loan offers.

Generally, Credible borrowers apply for loans that amount to around $40,000. However, if you need a smaller loan offer, Credible is also a good option. 

Credible loans will review how you’ll use the funds. Almost all personal loans can be used for the purpose you want, including debt consolidation, home improvements, medical bills, etc. However, some lenders may put restrictions on how a loan will be used, so it’s better to check this before making your final decision. 

Private Student Loans and Student Loan Refinancing 

When it comes to student loans, Credible offers financial support from private student loan financial institutions. You can apply alone or with a cosigner, but the requirements will vary based on the option you choose. 

Credible offers student loan support with a variable interest rate (2.99%-14.86% APR) or fixed-rate (3.65%-15.75% APR). Your rate will be calculated based on the lender you choose, your credit score, whether you borrow with a cosigner or not, and the repayment terms. 

Credible student loan refinancing is available for both types of loans: private student loans and federal student loans. However, to qualify for loan refinancing, you’ll need to meet certain requirements, including a very good credit score, a steady income, and a low debt-to-income ratio. 

Credible Mortgage and Mortgage Refinancing

If you need a home loan or you want to refinance your mortgage, Credible is the right place to go. As is the case with its other financial products, Credible’s mortgage loans are offered by various lenders, meaning that qualification requirements, loan rates, and terms will vary from lender to lender. 

The good thing is that you can check several loan offers before deciding which one to choose. Your credit score and income also affect the mortgage offer. 

Credit Cards and Insurance

In addition to loans, Credible offers two more products: credit cards and insurance. As is the case with its other financial products, reviews your application in order to find a product that fits your needs. When it comes to credit cards, there are dozens of options, including credit cards for travel rewards, cashback credit cards, secured cards, and more. Credible offers insurance for homes and cars. 

Application Process

If you want to apply for any of the products that Credible offers, go to the Credible company website. Once you’re there, choose the product you need (personal loans, student loans, credit cards, etc.) and start the pre-qualification process. When it comes to a personal loan application, the first thing to do is to choose the loan amount you want to borrow. 

Although different lenders impose different loan requirements, some things are common for all of them. First of all, you'll need to choose the type of loan you need.

Several options are offered, including debt consolidation, home improvements, a big purchase, vacation, medical expenses, and so on. Secondly, you’ll need to provide personal details like your name and date of birth, educational background, employment status, and annual income. 

Credible will review your application and reply with offers from lenders. It’s worth noting that Credible won’t perform a hard pull during the pre-qualification procedure, so your credit score will remain intact.

After you select a lender with a specific offer, the hard inquiry will be performed. Be warned that this might decrease your credit score

One of the best things about this loan marketplace is that it very clearly puts details like APR, loan rate, and repayment terms in one table. This way, you have all lenders’ offers transparently organized and ready to compare.

You can use filters to find the loan with the lowest APR. With personalized quotes, you can also compare loans based on interest rates, loan terms, and loan amount. 

Once you choose a loan from a specific lender, the Credible lending platform redirects you to the lender’s website to complete your application. You’ll need to file additional documents, including your Social Security number, ID, pay stubs or tax returns, and bank statements. Among the requirements most lenders ask for are: 

  • A good credit score
  • Proof of income
  • A low debt-to-income ratio 

Once you’ve provided everything, the lender will review your application and approve you for a loan. Each lender has its own funding time, but it usually takes one week to transfer the funds to your account.  

Features of Credible Personal Loans

Loan Amount and APR Details

Credible is an online marketplace that connects borrowers with dozens of proven lenders. A Credible personal loan size can be as small as $600, but you can also borrow larger amounts that go up to $100,000. The exact amount you can borrow depends on your creditworthiness. 

It’s also worth noting that Credible partner lenders offer unsecured personal loans, meaning that you don’t need to supply any collateral to apply for a loan. 

When applying for a loan through the Credible platform, you’ll get a range of offers from various lenders. As such, the loan APR varies from lender to lender, ranging between 5.40% and 35.99%.

Credit Score 

Thanks to its collaboration with a broad network of online lenders, Credible offers loans for everyone. That means that you can qualify for a personal loan even if your credit score is less than perfect. 

However, most Credible loans require a good credit score to approve a loan. This means you must have a credit score of at least 700 to get a loan. With a score of 700 or higher, you can qualify for more affordable interest rates, too. 

If you have a bad credit score, Credible’s marketplace also has options for you. However, the worse your score, the higher the APR you’ll have to pay. A better option is to borrow money with a cosigner, but not all lenders offer this option. 

Repayment Terms

Credible partner lenders offer personal loans with repayment terms from 12 to 84 months. It’s up to you how long you’ll take to pay off your loan. With a long-term loan, you’ll have lower monthly payments, but you’ll pay more interest overall. 


When it comes to Credible fees, the platform itself doesn’t charge anything for using its service. Most lenders, however, charge an origination fee that ranges between 0% and 8% of the loan amount. 

An origination fee usually includes the costs of a loan application, underwriting, and administrative services. When applying for a loan, make sure you include this cost in your calculations. The origination fee is charged after you receive a loan and it is subtracted from the amount you receive. 

Customer support 

Credible customer service is available via live chat, phone, and email. You can get in touch with agents very quickly and ask them anything you want to know about personal loans, the application process, or repayment terms. Additionally, you can find many useful answers in the FAQ section on the website. 

Bottom Line

Credible is a great option for personal loans because it offers low interest rates, flexible repayment options, and a user-friendly platform. You can use a personal loan from Credible to consolidate debt, make home improvements, pay for unexpected expenses, or finance a large purchase. 

Credible is a good option for borrowers who need a personal loan and want to compare offers from multiple lenders. It’s great for both borrowers with a good credit score and those whose credit score is less than perfect.


Is Credible legitimate?


Yes, Credible is a legitimate website that can be a helpful resource for people looking for personal loans. Credible is a BBB-accredited company with a rating of A+. Its TrustPilot score is also excellent, and there are many positive client reviews.

Does using Credible affect credit score?


No, Credible does not affect your credit score when you browse or compare loans. Once you accept the loan offer, your chosen lender will perform a hard pull, which might decrease your credit score by a few points.

Does Credible charge a fee?


Credible does not charge any fees for its services. You may be charged a fee by your lender; however, if you choose to take out a loan through Credible. Be sure to check with your lender beforehand to see if any fees will be applied. Credible reviews partner lenders, so you can quickly find out about loan fees.