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Get a $100,000 personal loan

Browse top online lenders and banks — and learn how to qualify.

Best for good credit

Best Egg personal loans

Starting APR

7.99% to 35.99%

Loan terms

3 to 5 years

Best for fair credit

Upstart personal loans

Starting APR

5.6% to 35.99%

Loan terms

3 or 5 years

Best marketplace

Credible personal loans

Starting APR

3.99% to 35.99%

Loan terms

2 to 7 years

You can find a $100,000 loan through traditional lenders, online lenders and even alternative providers that offer crypto loans. In most cases, you'll need good to excellent credit — usually a score of 670 or higher — to qualify for a loan of this size.

$100,000 personal loan lenders

Compare lenders that offer large personal loans by rates, terms and credit score requirements.

Name Product Filter Values APR Min. Credit Score Loan Amount
Credible personal loans
3.99% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
SoFi personal loans
7.99% to 23.43%
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

Eligibility requirements for a $100,000 loan

For large loans around $100,000, you may come into more stringent lender requirements than with smaller loans. Your income, credit reports and score are major players in your eligibility — but exact stipulations vary by lender.

Requirements for a $100,000 can include:

  • Excellent credit, 670 or higher
  • Steady source of income, usually from full-time employment
  • Ability to afford monthly payments
  • Low debt-to-income (DTI) ratio
  • Collateral, if applicable
  • Active bank account

How to increase your changes of approval and get lower rates

With loan amounts this high, it’s a good idea to have some tactics in mind if you want to increase your approval odds, and qualify for a lower interest rate. Here are a few suggestions:

  • Have a cosigner. If your credit score is hindering your borrowing opportunities, then having a cosigner with a good credit score can help. With two people backing the loan — with the cosigner promising to repay if you can’t — it can increase your approval odds or get you a lower rate.
  • Co-borrower for more cash. If your income isn’t meeting requirements, or the income you do have is all tied up in other monthly payments, then having a co-borrower with income helps. Also called a co-applaint, both borrowers combine their income together to meet requirements and/or lower a DTI ratio.
  • Clean up your credit reports. You have three different credit reports from the three credit bureaus. You can request each of them every 12 months for free, and it doesn’t harm your credit score to review your own credit history. Review and resolve errors, delinquencies, late payments or other potential issues to make sure you’re putting your best foot forward.
  • Pay down other expenses. If you have credit cards that are over 20% of their credit limit, or other debts that are close to the end of term, try to pay those down as much as possible or pay them completely off if you can. This can increase your credit score and/or reduce your DTI ratio to help approval odds.
  • Have some collateral. Unsecured loans aren’t backed by anything, and that makes them a little riskier to a lender. If you’re able, you put something up for collateral on the personal loan, like a savings account or vehicle — but only do this if you’re sure you can repay the loan or you risk losing the asset.

What banks and credit unions offer $100,000 personal loans?

These banks and credit unions have personal loan options of $100,000 or more.}

ProductMaximum amountAPRsTermsCollateral required?Learn more
Wells Fargo unsecured personal loans$100,000Starting at 5.74%1 to 7 yearsUnsecured
Go to site
First Republic Bank Eagle Gold Loan$250,000Variable, based on prime rate plus a marginUp to 5 yearsUnsecured
Read review
M&T Bank Cash-Secured Loan$100,0004.24% to 6.49%Up to 10 yearsSecured
Read review
Umpqua Bank secured personal loansNo set maximumStarting at 4.16%1 to 5 yearsSecured
Read review

Can I get a loan for $100,000 with bad credit?

Unfortunately, qualifying for an unsecured $100,000 personal loan with poor credit may be difficult. With a loan amount of that size, lenders are likely to give your creditworthiness a lot of weight.

However, applying with some collateral or having a cosigner can increase your chances of qualifying with bad credit. Or at the very least, look for lenders that are more willing to work with fair credit, such as Credible.

How much will it cost?

The total cost of your loan depends on the interest rate and loan term you’re offered. Because $100,000 loans are typically limited to borrowers with excellent credit — and may require collateral — you have a better chance of scoring a low rate. This helps keep your total cost down, but you should still expect relatively high monthly payments because of the large principal.

Some lenders may offer long loan terms, but be wary. This may lower your monthly payment, but means you pay more in interest over the life of your loan. Here are three examples of how much your loan might cost with a 9.41% interest rate — the average rate for personal loans according to Experian.

Loan termMonthly paymentTotal interest
2 years$4,587.31$10,095.41
5 years$2,095.79$25,747.44
7 years$1,629.79$36,902.60

Calculate your loan repayments

Use our loan repayment calculator to play around with loan terms, interest rates and amounts to see what fits within your budget.

$100,000 loan repayment calculator

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Steps to apply for a $100,00 loan

It’s difficult to qualify for such a large amount without preparation. Follow these steps and double check your information to make the process quick and painless.

  1. Check your credit score and reports. Request your credit reports and review your credit score before applying. This can help you narrow down lenders that can work within your credit situation.
  2. Compare lenders. Although the selection is limited, take the time to compare lenders and see which ones offer the best APR. Keep a close eye on whether lenders offer secured or unsecured loans, especially if you don’t have the assets to use as collateral.
  3. Apply for preapproval. If it’s available, apply for preapproval to see what rates you might get without affecting your credit. This will let you know if you’ll be able to comfortably afford your loan’s monthly payments — and help narrow your choice of lenders.
  4. Submit your paperwork. Your lender will want to see proof of income, assets, employment, current debts and residence. When you’re ready to submit a full application, make sure you have everything handy to keep the process quick.
  5. Sign your loan agreement. If approved, review your loan agreement and sign it. Most lenders will be able to fund your loan within one to two business days, although some may take a week or more.

You can also review our guide on how to apply for a personal loan for more details on what lenders look for in a well-rounded borrower.

How to pay off $100,000 in debt

A $100,000 personal loan probably isn’t something you can pay off in less than one year. And if you can, that’s great, but for many borrowers, a loan amount of this size can take a few years. And a lot can change in a couple years — jobs can change, new family additions, bigger house payment, or maybe you just want to be debt free.

No matter the reason, here are some ways you can resolve a $100,000 loan faster than expected:

  • Refinancing. Credit scores aren’t written in stone. If your credit score has increased since the start of the $100,000 loan, you may be able to qualify for refinancing and get a lower rate, saving you money on the loan long-term, and maybe even pay it off faster.
  • Bi-weekly payments. This early-payoff method involves making two half payments each month; once at least 15 days before the payment is due, then the rest on the due date. This decreases interest charges and therefore, saves you cash without spending any extra money each month.
  • Round up the payments. If you have a $305 monthly payment on the $100,000 loan, you can round up to $350 — or more. An extra $45 each month means paying $540 more each year, which reduces interest charges and could end the loan much sooner than planned
  • Debt consolidation. If you have other debts, like credit cards or other personal loans, then debt consolidation may be worth looking into. It involves getting one large loan to pay off numerous debts, efficiently combining them into one monthly payment. The payment might be high, but it’s less to juggle each month. And if you get a low rate on the debt consolidation loan, it could mean saving money on interest long-term.

What to watch out for

While all personal loans come with risk, borrowing $100,000 can put pressure on your finances. So before you sign a loan contract, keep these precautions in mind:

  • Fine print. Your loan agreement will list the fees, interest rate, term and total repayment — along with other costs and limits on how you use your funds. Ask questions if you don’t understand something. You’ll want to know about prepayment options, penalties, the lender’s privacy policy and your rights as a borrower.
  • Additional costs. Consider any fees or charges beyond the interest rate. Origination fees are usually included in the APR, but there may be additional fees for early repayment or late payments.
  • Long loan terms. It might be tempting to get a loan with a long term to lower your monthly payments, but you’ll pay more in the long run. Choose the shortest loan term you can afford to limit the amount you pay in interest.

Other loan amounts

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    8 Responses

    1. Default Gravatar
      LaurenSeptember 29, 2018

      I am looking to take out a personal loan of 100k to start my business. My plan is to use part of this money to purchase a home at auction then flip it. The proceeds can pay the loan off with some left over. My credit score is high 700s, I am a landlord for a home in CA which rent covers the mortgage + . My annual income is 100k and 1 credit card. Do you think this is a good avenue to take? Your opinion is appreciated.

      • Avatarfinder Customer Care
        JoshuaOctober 3, 2018Staff

        Hi Lauren,

        Thanks for getting in touch with finder. I hope all is well with you. :)

        As a comparison website, we are not allowed to provide personalized advice. However, there are other things you need to consider when starting your business and if getting a personal loan is a good thing or not. What I can suggest is for you to speak to a financial expert or adviser. You may also do your own research. Gather as much information as possible before making a decision.

        If you are looking for personal loans, please use the table on this page to compare your options. We also have a list of business loans if that’s what you need.

        I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

        Have a wonderful day!


    2. Default Gravatar
      SUGAugust 5, 2018

      I have quite a bit of debit, about $45,000 (that’s all loans & CC’s excluding my mortgage). I want to get a 100,00 loan to pay off all my debit and use the remaining for home improvements. Is that a smart way to go about it or does that affect the banks decision when a loan is being used for multiple things?
      If I can get the loan, my only payments would be my mortgage and the loan.

      • Avatarfinder Customer Care
        JoshuaAugust 12, 2018Staff

        Hi Sug,

        Thanks for getting in touch with finder. I hope all is well with you. :)

        Generally, banks don’t control how you spend your personal loan money. However, there are some types of loans that you specifically agreed with the bank how you will use the money.

        Now, with regards to how it affects your loan, it depends. Banks may also consider how you will spend the money. Nevertheless, there are other more important factors banks consider. For example, they will take a look at your credit score, assess your income, liabilities, and debt, and your general financial situation.

        We do have a guide to help you learn more about how you can improve your personal loan eligibility. On this guide, you will learn the five main factors lenders consider and what you’ll need to qualify.

        I hope this helps. Should you have further questions, please don’t hesitate to reach out again.

        Have a wonderful day!


    3. Default Gravatar
      BasdcoJanuary 11, 2018

      My husband and i need to consolidate our debt, need 100k. Credit scores high 600’s for both. Can my father cosign with us? He is willing and had high credit score in the

      • Default Gravatar
        ArnoldJanuary 12, 2018

        Hi Basdco,

        Thanks for your inquiry.

        You may compare your debt consolidation options and check alternative lenders who may better suit your needs. Please note that each lender has its own eligibility requirements which you need to meet before you may be considered for a loan.

        Hope this information helps


    4. Default Gravatar
      GeorgeOctober 5, 2017

      I am looking for a 100,000 personal loan to consolidate my debts. Turned down by sofi because of outstanding student loans for my kids. My only payments would be this loan and my mortgage. Credit score fir myself and spouse both above 730. Any suggestions.

      • Avatarfinder Customer Care
        AliyyahOctober 5, 2017Staff

        Hi George,

        Thank you for your question. We are a comparison website and general information service, we’re more than happy to offer general advice.

        Since SoFi didn’t approve your loan application and it’s one of the few lenders that offer personal loans for as much as $100,000, your options may be limited. One idea is to look into student loan refinancing so that you can pay down your kids’ student debt faster and have a stronger application for future loans. To improve your chances of being approved in the future, you could also look into increasing your credit score even further or applying with a cosigner.

        Applying with a bank could be another option for larger personal loans.

        Lastly, you can compare maximum loan amounts and eligibility requirements of various lenders to see if any are a better match for you.

        Feel free to reach out to us again should you have any other questions.

        Best regards,


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