What interest rate can I get with a 700 credit score?

A 700 FICO® Score falls in the “good” credit score range. You fall under the “prime” range of borrowers (661-780). Good credit scores indicate that you pose a low risk to lenders, making them more willing to grant you loans for lower interest rates.

A high credit score does not guarantee loan approvals, but your chances of getting the loan are higher. It is important to shop for loans thoroughly to get the best deal with the lowest interest rates from a credible lender.

Interest rates may vary based on several factors including the duration of the loan, loan-to-value ratio, down payment, current promotional discounts being offered, your debt-to-income ratio, and income. Apart from this, there are also other economic factors such as how strong the economy is, the current inflation rates, employment, stock markets, and federal reserves.