Credit Score 650-699

What a 650-699 Score Means for Your Loan

A 650-699 credit score sits within the top of Equifax's Fair band into the start of Good (660-724). 650-699 is another transition range, crossing from Fair into Good right at the 660 mark. This is one of the more consequential thresholds in Canadian credit scoring — many lenders' best standard rates open up right around here. See our full credit score ranges guide to compare against other tiers.

What Lenders See at This Score

• Scores below 660 are still classified Fair by Equifax's bands
• Scores of 660 and above are classified Good, often unlocking meaningfully better pricing
• Lenders increasingly focus on your overall profile, not just the score, in this range
• The specific number within this band matters more than usual for what you'll be offered

Typical Rates & Approval Odds

If you're below 660, expect Fair-tier pricing; at 660 and above, many lenders' Good-tier rates apply. It's worth checking your exact score before assuming which pricing tier you'll land in.

Eligibility Requirements

• 18 years or older (19 in BC, NB, NL, NS, NT, NU, and YT)
• Canadian citizen or permanent resident
• Valid Social Insurance Number (SIN)
• Active bank account in your name
• A regular source of income

Tips to Improve Your Score

• If you're just under 660, a small utilization or payment-history improvement can shift you into Good-tier pricing.
• Review your credit report for any inaccuracies — errors are common and can be the difference between Fair and Good classification.
• Consider timing a loan application for after a reporting cycle if you've just paid down a large balance, so the lower utilization reflects on your report.

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