Prime and subprime describe the credit risk tier a borrower falls into, which lenders use to set rates and terms. Prime borrowers, generally those with Good credit and above (660+), qualify for a lender's best available rates. Subprime borrowers, typically in the Fair or Poor ranges (below 660), pay more to offset the lender's higher perceived risk.
Prime Lending
- Generally for credit scores of 660 and above
- Access to a lender's lowest available rates
- Wider selection of mainstream lenders
- Faster approval with fewer documentation requirements
Subprime Lending
- Generally for credit scores below 660
- Higher APR to offset increased lender risk
- Access to specialized lenders who focus on this range
- Often more emphasis on income and stability, not just score
At a Glance
| Aspect | Prime Lending | Subprime Lending |
|---|---|---|
| Typical credit range | 660+ | Below 660 |
| Typical rate | Lower | Higher |
| Lender pool | Broader, including mainstream lenders | Specialized subprime lenders |
| Approval emphasis | Credit score | Income and overall stability |
The Verdict
Your credit score largely determines whether you're treated as prime or subprime, but subprime doesn't mean no options — our network includes lenders who specialize in this range. See our credit score guides to find rates and lenders specific to your exact number.