Personal Loan for Excellent Credit

Compare monthly payment options from several lenders in under 2 minutes.
How much would you like to finance?
won't affect credit score

Check offers in seconds

Get pre-qualified for loan offers with an easy online form

Won't impact your credit

Checking offers will not impact your credit score*

Competitive payment options

Funding up to $100,000 and APRs as low as 3.99%*

Receive funds quickly

Same-day and next-day available for certain offers*

Acorn Finance Icon

Excellent Credit Personal Loan Options, Rates & More

If you have excellent credit you may not be wondering if you qualify for a personal but rather where you can get the best personal loans for excellent credit. Or perhaps you are wondering what is considered excellent credit? Credit scores 800+ are usually considered excellent by most lenders. With this type of credit score you should be able to qualify for some of the lowest interest rates.

Quick. Simple. Secure.

How To Apply For Personal Loan for Excellent Credit

1 Pre-qualify

Fill out easy online form to check for pre-qualified offers with no impact to your credit score

2 Select offer

Compare terms and payment options to select offer that’s best for you

3 Finish application

Complete application process on your selected lender’s website*

4 Receive funding

After loan approval, your funds should arrive within 1-2 business days*

“The process couldn’t have been any easier. I filled out a short form that took me less than 2 minutes and within seconds I got multiple offers from lenders.”


- Mike T. (TN)

“It was important to me that I could review my offers without any impact to my credit score, before deciding on the best loan option.”


- Carol R (FL)

“I like the easy online and 100% paperless experience of Acorn Finance. I received my money two days after completing my application.”


- Bob S (WI)

Are you a contractor?
Generate more revenue with Acorn Finance.

Offer customers the ability to finance their dreams with zero dealer fees.


Learn More About Personal Loan for Excellent Credit

So how should you go about getting a personal loan with excellent credit? Where should you check for offers? First, let’s take a closer look at what excellent credit means.

Read more - FAQ

What is considered excellent credit?

Credit scores typically start at 300 and can go up as high as 850. A credit score between 300-580 is usually classified as poor credit. A credit score at or near the 600 range is usually where lenders may consider loaning you money but likely at a high interest rate. Credit scores ranging between 670-730 are acceptable for most lenders, but still not considered excellent. Even if you have a 740-799 your credit may still just be considered as very good. Once you hit that 800 mark, you are in an elite category of borrowers. You should have access to some of the lowest advertised rates.

If you have 800 or more as a credit score, pat yourself on the back because you are doing something right! Now, a credit score is basically a measure of risk and how likely you are to pay your bills on time. With excellent credit you should be seen as very low risk, thus allowing lenders to easily approve your loan. You should also be able to qualify for high loan amounts as long as you have enough income to cover the monthly payment.

Can I get a personal loan with excellent credit?

You should be able to get a personal loan with an excellent credit score. In fact, you should be able to qualify with just about any lender. Shop around and consider your options. With reliable income and an excellent credit score, lenders should be excited to work with you.

What type of loan can I get with excellent credit?

You can get personal loans that should get you some money fast, but you can also get standard loans with your high credit as well. You might only need a small personal loan but with your high credit you can get much larger amounts of money as well. If you need to get loans specific to your mortgage, car, or other larger expenses, then you should consider using secured loans. If you need to get a loan to pay for a home improvement project, you may also want to consider using a secured loan such as a home equity loan. However, as you may know, this can be easier said than done. Another way to access funds for home improvement projects is to use an unsecured home improvement loan. At Acorn Finance our lending partners specialize in providing competitive home improvement loans with no collateral and no money down.

How much can I borrow with excellent credit?

You can borrow quite a lot with an excellent credit score, because you are essentially very little risk to banks and lenders, so they are confident in handing you large sums of money due to your track record. The amount that you can borrow will likely depend on the bank or the lender that you happen to be using. It may also depend on your income, debt-to-income ratio, and other factors. Of course as a borrower with excellent credit you are probably asking for an amount you can handle.

While you may be able to borrow more money than you are comfortable repaying, you shouldn’t. After all, having high credit is a double edged sword, and you want to maintain the bank’s trust in you and your spending habits.

What personal loan rates can I get with excellent credit?

Of course, even with a good credit score you need to make sure that you are taking the interest rates and the APR of the loan into account. Avoid assuming that you are being offered the best interest rate just because you have a high credit score. Borrowers with a high credit score are especially encouraged to compare personal loan offers. In addition, you should pay attention to the APR. The APR should tell you how much it’s actually costing you to borrow money each year. It factors in the interest rate and fees associated with the loan.

The average personal loan rate for people with excellent credit scores for 2021 is about 11.8% APR. While personal loans offer money with no strings attached, besides the fate of your credit report, they may have higher interest rates compared to secured loans. As a borrower with excellent credit make sure you explore your options to make an educated financial decision.

Where can I get a personal loan with excellent credit?

The answer doesn’t change much whether you have amazing credit or poor credit. You can get personal loans from banks, credit unions, and third party lenders. Nearly any bank can qualify as one of the best personal loan companies for excellent credit, because they will recognize your high credit score and give you the best offers.

Still, just because you have a high credit score doesn’t mean that you should use the first lender you see. You should still shop around or use Acorn Finance to make sure that you are comparing the best deals and also getting the best offers. But there really isn’t a place that you can’t go without getting a good deal due to your credit score, so have fun shopping around.

Acorn finance can show you all of the options available for getting better credit and will allow you to make the best decision out of all those options. We recommend using them, because checking for offers does not impact your credit score and there’s no impact to your score if you pre-qualify.

How To Grow and Protect Your Credit Score

If you happen to be reading this article and don’t have the greatest credit score, don’t fret. A credit score is an organic thing, and it can be improved. It is a likelihood of how trustworthy and dependable you are, and is fairly easy to fix up with some hardwork and dedication. It all starts with awareness. Some of us were raised in a household that focused on financials and how to manage them. While others may not have been exposed from a young age. Just know it’s never too late to start educating yourself on how to manage your credit score.

If you are new to credit or facing such a low credit score you can’t seem to get approved anywhere, try getting a secured credit card. Over time, as you become more dependable through your actions, then your score should rise. It might not get to a perfect over 800 credit score yet, but it can get better than it is now. After you work hard to get your credit score where it needs to be, then you need to focus on protecting it and keeping it high.

It can take a lot of time for any blemishes on your credit score to go away, so you want to avoid adding new ones once you get your slate clean. Try not to miss payments, have overdue bills or debts, avoid filing for bankruptcy, and keep doing what you have normally done to get your credit score high. It doesn’t take a lot of investment to make sure that your credit score gets high and stays high, so just keep following the rules, be responsible, and be a good borrower of money to keep it high. We recommend downloading an App that can help you track and manage your credit score.

What are the advantages of personal loans for excellent credit?

Investing time into understanding the advantages, and disadvantages too, is a smart way to spend your time before applying for a personal loan. In some cases, a personal loan can be extremely helpful. Borrowing the money may come at a cost but if you can improve your life or financial situation, the extra cost may be worth it. If you have credit challenges, you may be punished with a high interest rate. If this is the case, you will seriously want to consider whether you need the loan or not. Sometimes we get ideas into our head that we need to purchase something. The ideas can send us out on a predetermined mission to find the money we need. Signing up for a high interest personal loan that will challenge you financially, may do more harm than good. In addition to examining loan terms, you should examine your motive for the loan. Do you need to consolidate debt? Do you need to make home improvements? What will a personal loan do for you? If you can justify the answer to this question, you may be ready to take the next step and apply for a personal loan.

Let’s take a look at some of the advantages of getting a personal loan:

#1. Build credit
If you take out a personal loan, with a low interest rate or high interest rate, and pay it off on-time, you can gain a positive mark on your credit report. On the flipside, if you miss payments or default on the loan you may damage your credit score. As a responsible borrower, you need to go over your budget and really make sure you can afford the extra monthly payment before committing to a loan. It’s easy to convince yourself you are capable of making a monthly payment when you qualify for a loan. But always remember, numbers don’t lie. Before you sign up, look at your cash flow. List monthly expenses and income. Truly make sure you can afford the monthly payment.

#2. Pay in monthly installments
In some cases, we may need to pay for expensive repairs or projects or emergency expenses that we simply don’t have enough cash to cover. You may consider swiping your credit card but deep down you know this could end poorly. Credit cards can be hard to manage when your balance becomes more than you can afford. Personal loans often offer lower interest rates than credit cards and fixed monthly payments. Personal loans can allow you to get what you need, when you need it, and make monthly installments or payments over time. While personal loans can be a real lifesaver, you should not become dependent on them as it does cost money to borrow money.

#3. Use funds for nearly anything
Personal loans usually do not have any spending restrictions making them a versatile loan option. Whether you need to finance home improvements or pay for a wedding, you can use a personal loan. The sky’s the limit when it comes to spending your personal loan. In some cases, this can be extremely beneficial, but it can be dangerous too. If you take out a personal loan, make sure you spend it wisely and keep spending under control. In some cases, lenders may restrict how funds are used so make sure you review the terms and conditions before taking the loan.

#4. No collateral
Unsecured personal loans do not require the borrower to provide collateral. While unsecured personal loans offer borrowers less risk, lenders face more risk. As a result, you may pay higher interest rates or find that a personal loan is more difficult to qualify for than a secured loan. However, without collateral involved, the funding and application process is usually quick for a personal loan.

#5. Competitive interest rates
You can find that most personal loans have APRs ranging between 3% to 36%. A highly-qualified applicant can expect to lock in the lowest interest rates. Keep in mind that interest rates can vary, depending on the lender and what they can offer. Considering that you should get your money quickly and not have to put up collateral, a personal loan offer with a competitive interest rate can make the decision a no-brainer. However, always be sure to compare offers. At Acorn Finance you can check personal loan offers from top national lenders without impacting your credit score.

What are the disadvantages of personal loans for excellent credit?

Now that we have covered the advantages of personal loans, let’s look at some of the disadvantages.

#1. Interest charges and fees
One of the biggest downsides to borrowing money, via a personal loan or any type of loan really, is paying interest and fees. It can add up quickly and cost you hundreds or thousands of dollars. While you can’t eliminate paying interest on a personal loan, you can shop around to find the lowest rate possible. As you compare offers, compare interest rates and fees too. Some lenders may charge origination fees or prepayment penalties. Competitive institutions are less likely to charge prepayment fees.

#2. Taking on (maybe) unnecessary debt
The ability to borrow money via an unsecured personal loan may encourage consumers to rack up unnecessary debt. Before taking out a personal loan you should justify what you need it for. There are many ways to use a personal loan that can be beneficial financially such as debt consolidation or home improvement financing. However, if you are taking out a personal loan to finance a vacation, although you can do this, you may want to think twice.

#3. Risk damage to credit
As with any loan, if you default, you risk damaging your credit report. If you took out a personal loan that you did not need and defaulted, you may have serious regret. Before you commit to a loan, always make sure you can cover the monthly payment. If all goes well, a personal loan could boost your credit score.

What can I do with a personal loan with excellent credit?

With excellent credit you should be deemed a highly-qualified applicant. As a result, you should qualify for competitive interest rates, generous loan amounts, and flexible repayment terms. Furthermore, it’s likely that your personal loan will not have spending restrictions. This means, you can do just about anything with a personal loan. If you have excellent credit, you probably worked hard for the score you have. In addition, you probably have good financial sense. Lenders can trust borrowers with excellent credit to spend the loan wisely and have increased confidence that the loan will be repaid on time. One of the most common uses for a personal loan is financing home improvements.

What should I know about getting a personal loan with excellent credit?

If you have excellent credit you should know that you will have access to more personal loan options. While this can be overwhelming, using a platform such as Acorn Finance can help simplify the process. You will want to compare personal loan offers, but might not want to take the time to apply with several lenders. At Acorn Finance you can submit an online form to check offers from several top national lenders. The competitive nature of the platform can be beneficial to borrowers, especially those with excellent credit.
Closing Thoughts
Having an excellent credit score is something to be proud of, and if you need a personal loan to handle an emergency or leisure expense, you shouldn’t have to worry about getting it. If you have an excellent credit score you should have less to worry about when it comes to applying for a personal loan. Since you should qualify for most lenders, you can pretty much take your pick on who you prefer to work with.

If you are looking for the most competitive personal loan offer with excellent credit, you should check offers at Acorn Finance. Acorn Finance has trustworthy lending partners that can offer APRs as low as 3.99% depending on your credit score. Individuals can discover simple and competitive payment options through Acorn Finance. At Acorn Finance, you can submit one application and receive loan offers in 60 seconds or less with no impact to your credit score. Once you have claimed the best offer and finalized the loan, you can receive funds quickly.

Trending home improvement projects

Barn Financing Options