How Big of a Loan Can You Get with a 720 Credit Score?
Is a 720 Credit Score Good Enough for a Big Loan?
If you’ve got a 720 credit score, congratulations—you’re in good territory. But let’s get real: does that mean you can borrow a massive amount of money? Well… yes and no.
A 720 credit score is solid, but loan amounts depend on more than just your credit score. Lenders look at your income, debt-to-income ratio (DTI), and loan type before giving you the green light. So let’s break it all down.
Mortgage Loan: How Much Can You Borrow with 720?
Average Loan Limits for a 720 Score
With a 720 credit score, you’ll likely qualify for competitive mortgage rates. But how much can you actually borrow?
- The general rule is 3 to 5 times your annual income.
- If you make $60,000 per year, expect approval for $180,000 to $300,000 in mortgage financing.
- If your DTI is low, you might get approved for even more.
Interest Rates & Monthly Payments
A 720 score qualifies for good interest rates, usually between 6.5% - 7.5% for a 30-year fixed mortgage (as of 2024). But remember, better scores (740+) get even lower rates.
I recently talked to my buddy Jake, who just got a mortgage with a 719 score. His lender offered 6.75%, while another friend with a 760 score locked in 6.25%. That slight difference? Thousands in interest over 30 years.
Lesson: If you're close to 740, boosting your score could save you serious money.
Auto Loan: What’s Your Borrowing Power?
Loan Amount & Terms
Auto lenders also love a 720 credit score. Expect:
- Loan approval for $30,000 - $50,000 (or more if your income allows).
- Interest rates around 4.5% - 6.5% for new cars, slightly higher for used.
- Better rates and loan terms if you put money down.
Should You Finance or Lease?
If you’re thinking about leasing, a 720 score gets you Tier 1 approval, meaning low down payments and better monthly rates. Financing? The lender still checks your income and DTI, so don't assume unlimited borrowing power.
Personal Loans: How Much Can You Get?
Maximum Loan Amounts for a 720 Score
A 720 score usually qualifies for:
- $5,000 - $50,000 in personal loans.
- Interest rates between 7% - 12% (depends on lender & DTI).
- Lower rates if you have steady income and low existing debt.
But here’s the thing: unsecured personal loans (meaning no collateral) get more expensive if you borrow too much. If you’re thinking about a $50K personal loan, expect rates closer to 12-15%.
Factors That Affect Your Loan Approval (Besides Credit Score)
A 720 credit score alone won’t determine your loan amount. Lenders also check:
- Debt-to-Income Ratio (DTI) → If you already owe too much, they limit your loan.
- Income Stability → A high salary helps, but lenders also want job security.
- Loan Type → Mortgages, auto loans, and personal loans have different risk levels.
Final Verdict: How Much Can You Borrow?
A 720 credit score gives you strong borrowing power, but actual loan amounts depend on income, debt, and loan type.
- Mortgages: $180K - $500K+ (income & DTI matter a lot).
- Auto Loans: $30K - $50K (great rates with a down payment).
- Personal Loans: $5K - $50K (higher amounts = higher interest).
If you're on the edge of 740, it might be worth boosting your score before applying—a small bump could save thousands in interest.
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Is 172 cm good for a man?
Yes it is. Average height of male in India is 166.3 cm (i.e. 5 ft 5.5 inches) while for female it is 152.6 cm (i.e. 5 ft) approximately. So, as far as your question is concerned, aforesaid height is above average in both cases.
Is 165 cm normal for a 15 year old?
The predicted height for a female, based on your parents heights, is 155 to 165cm. Most 15 year old girls are nearly done growing. I was too. It's a very normal height for a girl.
Is 160 cm too tall for a 12 year old?
How Tall Should a 12 Year Old Be? We can only speak to national average heights here in North America, whereby, a 12 year old girl would be between 137 cm to 162 cm tall (4-1/2 to 5-1/3 feet). A 12 year old boy should be between 137 cm to 160 cm tall (4-1/2 to 5-1/4 feet).
How tall is a average 15 year old?
Average Height to Weight for Teenage Boys - 13 to 20 Years
| Male Teens: 13 - 20 Years) | ||
|---|---|---|
| 14 Years | 112.0 lb. (50.8 kg) | 64.5" (163.8 cm) |
| 15 Years | 123.5 lb. (56.02 kg) | 67.0" (170.1 cm) |
| 16 Years | 134.0 lb. (60.78 kg) | 68.3" (173.4 cm) |
| 17 Years | 142.0 lb. (64.41 kg) | 69.0" (175.2 cm) |
How to get taller at 18?
Staying physically active is even more essential from childhood to grow and improve overall health. But taking it up even in adulthood can help you add a few inches to your height. Strength-building exercises, yoga, jumping rope, and biking all can help to increase your flexibility and grow a few inches taller.
Is 5.7 a good height for a 15 year old boy?
Generally speaking, the average height for 15 year olds girls is 62.9 inches (or 159.7 cm). On the other hand, teen boys at the age of 15 have a much higher average height, which is 67.0 inches (or 170.1 cm).
Can you grow between 16 and 18?
Most girls stop growing taller by age 14 or 15. However, after their early teenage growth spurt, boys continue gaining height at a gradual pace until around 18. Note that some kids will stop growing earlier and others may keep growing a year or two more.
Can you grow 1 cm after 17?
Even with a healthy diet, most people's height won't increase after age 18 to 20. The graph below shows the rate of growth from birth to age 20. As you can see, the growth lines fall to zero between ages 18 and 20 ( 7 , 8 ). The reason why your height stops increasing is your bones, specifically your growth plates.