60 Month Loans Personal Loans Review (2026)

Our take on 60 Month Loans

We gave 60 Month Loans a rating of 3.6 out of 5 stars — loans are available to borrowers with fair credit and, unlike most personal loan lenders, there's no hard credit check when you apply (meaning your credit score won't be dinged by the application). But rates run high and loan amounts available are limited.

Who is 60 Month Loans best for?

• Borrowers with fair credit: The minimum credit score requirement is 620, which is in the middle of the FICO score range for fair credit (580-669). Fair-credit borrowers often struggle to get approved for a personal loan and aren't eligible with many lenders. 60 Month Loans should be a go-to option for comparing rates, especially to to less desirable loan types like payday loans and title loans.
• Borrowers who want to avoid hard credit inquiries when applying: The hard credit check that most lenders run with a loan application can lower your credit score by up to 10 points for up to 1 year. 60 Month Loans doesn't conduct a hard credit check unless you accept the loan. Applying with 60 Month Loans won't damage your credit score, so you can check your rate and compare it to other borrowing options without penalty.

Who is 60 Month Loans not best for?

• Borrowers with credit scores in the high fair range and better: If you have a fair credit score that's close to FICO's good-credit range — say 660 — you might be able to qualify for a lower APR with another lender. 60 Month Loan APRs start at 25.00%, but fair-credit borrowers received APRs lower than 25.00%, on average, from multiple other Credible partner lenders, including Happy Money, Reach, LendingClub, and BHG Financial. Average APRs are based on 12 months of closed loans data from the Credible personal loan marketplace.
• Borrowers who need larger loans: The maximum loan amount available from 60 Month Loans through Credible is $6,000, although you may be able to borrow up to $10,000 by applying directly on the lender's website. If you have a major home improvement project or large credit card debts to consolidate, try a lender that offers higher loan amounts.

Pros and cons of 60 Month Loans

Pros

• Loans for fair credit: 60 Month Loans offers loans to borrowers who might otherwise struggle to get approved
• No hard inquiry during application: 60 Month Loans doesn’t require a hard credit check when you apply, so seeing the rates and terms you're eligible for won’t damage your credit score. Note that if you accept the loan, a hard credit inquiry will be recorded on your credit report and your score could fall up to 10 points for up to 1 year.
• No collateral required: Personal loans from 60 Month Loans are unsecured, making the lender a great option for borrowers who don’t have (or prefer not to use) a valuable asset like a home or vehicle to use as collateral. 
• Reports to credit bureaus: 60 Month Loans reports your payment activity to credit bureaus, giving you the opportunity to build credit with on-time payments. 
• Repayment terms up to 5 years: Some loans for fair credit are short-term loans, which can be risky. A longer repayment term means lower — read, more affordable — monthly payments but also more total interest over the life of the loan. 
• Small loans available: With Credible, you can borrow as little as $1,000 through 60 Month Loans. Few personal loan lenders offer loan amounts less than $2,000. It's generally best to borrow less than you need, even if you can qualify for more, to keep your monthly payment and interest costs low. 

Cons

• Limited range of loan amounts: 60 Month Loans offers amounts between $2,600 and $10,000 directly on its website, and $1,000 to $6,000 through Credible. The maximum loan amount makes it less than ideal for larger projects like major home renovations. Many other lenders offer a wider range of loan amounts. 
• Not available in most states: 60 Month Loans offers personal loans in 16 states. If you reside elsewhere, you’ll need to explore other options. Loans are currently available in Alabama, Arizona, California, Delaware, Georgia, Idaho, Iowa, Missouri, Montana, New Mexico, North Dakota, Oregon, South Carolina, South Dakota, Utah, and Virginia. 
• High starting APRs: 60 Month personal loan APRs, which reflect the interest rate and origination fee as an annual cost, start at 25.00%. While that’s preferable to a payday loan with triple-digit APRs, other fair credit personal loans may have lower rates. If you have good credit, you should probably apply elsewhere. 
• No cosigners or joint applicants: 60 Month Loans doesn’t allow you to apply with a cosigner or co-borrower. A cosigner is someone, ideally with good credit, who guarantees repayment of the loan, which can help you qualify for a lower APR. With a joint personal loan, a co-borrower shares responsibility for repayment and has equal access to the loan funds.

Read More:

• Best Personal Loans With a Cosigner
• Best Joint Personal Loans

How to qualify for a 60 Month Loans personal loan

• Have a minimum credit score of 620 if applying through Credible. If you don't know your credit score, check it for free using Credible's credit-monitoring tool. 
• Submit bank statements for the last 3 months after completing your application. According to the 60 Month Loans website, a bank statement review takes about 1 business day to complete and an underwriter will contact you with additional questions.
• Have a minimum income of $48,000. You’ll need to show proof of your net income, employment information, and pay frequency. But income doesn’t have to come from a job. You can select another income source on your application, such as self-employment income, passive income, or government benefits. 

60 Month Loans personal loan purposes

Approved loan purposes include (but aren't limited to):

• Debt consolidation
• Home improvement
• Wedding
• Emergency
• Medical
• Car repair

Learn More: What You Can't Use a Personal Loan For

60 Month Loans fees and penalties

60 Month Loans charges loan origination fees ranging from 0% to 7%, depending on the state where you live. Check your loan agreement to see how much late fees, returned check fees, and other fees are, along with when they’re charged.

60 Month Loans vs. other lenders

Here’s how 60 Month Loans compares to two other lenders for fair and bad credit.

60 Month Loans company details and history

60 Month Loans was founded in 2015 and is headquartered in Menlo Park, California. The lender aims to provide access to credit at affordable rates. 60 Month Loans is BBB-accredited with an A rating and has a 4.6/5-star rating on Trustpilot. 

How to contact 60 Month Loans

To get in touch with a 60 Month Loans representative, you can:

• Email [email protected] 
• Call 844-707-7300

Business hours are 9 a.m. to 5 p.m. PST on weekdays and 10 a.m. to 5 p.m. PST on Saturdays. 

Methodology

Credible evaluated 32 lenders across 1,216 data points to choose the best lender overall plus top picks for different borrowers and use cases. Across lenders, we collected data on customer experience and service options, minimum and maximum fixed interest rates, minimum and maximum loan amounts, funding times, loan terms, fees, discounts, third-party reviews, and more. 

We assigned a numerical value to each attribute based on how that feature compared with the same feature for every other lender in the set. Attributes were grouped into categories, scores were compiled, and categories were weighted according to their relative importance — for instance, rates and fees were weighted highest since loan cost is among the most important factors in determining loan value. 

• Rates and fees: 18.75%
• Eligibility and options for bad and no credit: 17.5%
• Availability: 12.5%
• Loan amounts and terms: 10%
• Customer satisfaction: 10%
• Customer service: 10%
• Efficiency and fund delivery: 10%
• Discounts: 7.5%
• Credible proprietary data: 3.75%

We also considered each of our partner lenders' statistics over a 12-month period — including average funding times, average credit scores for approved applicants, and average rates. Learn more about how Credible rates lenders by exploring our full personal loans lender rating methodology.