Compare $15,000 personal loans with low rates | finder.com

Get a $15,000 personal loan with a reasonable rate and affordable payments

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Compare costs and learn how to qualify for a competitive deal.

When you need $15,000, you’re in luck — there are lots of lenders to choose from. Make sure you compare your options to find the most competitive rates and terms that you’re eligible for.
Monevo Personal Loans - DUPLICATE FOR CPC FEB 2019 ONLY

Our top pick: Monevo

Quickly compare multiple online lenders with competitive rates depending on your credit score.

  • Minimum Loan Amount: $1,000
  • Maximum Loan Amount: $100,000
  • Loan Terms: 6 months to 7 years
  • Award winning service
  • Quick online decision

    Top 5 providers that offer $15,000 loans for fair credit

    Provider Min Credit Score Min Loan Amount Max Loan Amount APR Range
    LendingClub Personal Loan 640 $1,000 $40,000 6.95% to 35.89% Go to site More
    Credible Personal Loans Good to excellent credit $1,000 $100,000 5.34% to 35.99% Go to site More
    Monevo Personal Loans 550 $1,000 $100,000 3.99% to 35.99% Go to site More
    Even Financial Personal Loans 550 $1,000 $100,000 3.84% to 35.99% Go to site More
    Avant 580 $2,000 $35,000 9.95% to 35.99% Go to site More

    How to get a $15,000 personal loan in 4 steps

    Compare more providers offering $15,000 loans

    Rates last updated March 19th, 2019

    Reveal your potential loan offers and rates

    Answer two quick questions to filter the loan offers and get the best one for you.

    Select your credit score range

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    Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
    Name Product Product Description Min. Credit Score Max. Loan Amount APR
    Credible Personal Loans
    Get personalized rates in minutes and then choose a loan offer from several top online lenders.
    Good to excellent credit
    $100,000
    5.34% to 35.99% (fixed)
    Monevo Personal Loans
    Quickly compare multiple online lenders with competitive rates depending on your credit.
    550
    $100,000
    3.99% to 35.99% (fixed)
    Upgrade Personal Loans*
    Affordable loans with two simple repayment terms and no prepayment penalties.
    620
    $50,000
    7.99% to 35.89% (fixed)
    LendingClub Personal Loan
    A peer-to-peer lender offering fair rates based on your credit score.
    640
    $40,000
    6.95% to 35.89% (fixed)
    SoFi Personal Loan Fixed Rate (with Autopay)
    No fees. Multiple member perks such as community events and career coaching.
    680
    $100,000
    5.99% to 16.49% (fixed)
    NetCredit Personal Loan
    Check eligibility in minutes and get a personalized quote without affecting your credit score.
    550
    $10,000
    34% to 155% (Varies by state) (fixed)
    Best Egg Personal Loans
    A prime lender with multiple repayment methods.
    640 FICO®
    $35,000
    5.99% to 29.99% (fixed)
    Even Financial Personal Loans
    Get connected to competitive loan offers instantly from top online consumer lenders.
    550
    $100,000
    3.84% to 35.99% (fixed)

    Compare up to 4 providers

    What do I need to qualify?

    Here’s what lenders are generally looking for in applicants:

    • Why you’re taking out the loan. A $15,000 loan could be used for a variety of large purchases that can demonstrate different levels of responsibility. If you’re using the loan for a repair on a home you own, the lender may see that as a less risky borrowing reason than someone who’s using the money for a vacation, for example.
    • Your creditworthiness. What you’ve borrowed in the past, your payment history, your current debts, among other factors, all affect the APR you could be offered.
    • Specifics about your income. Lenders want to know if you’re making enough money to cover the amount you want to borrow, but that’s not all. Your entire debt-to-income ratio (DTI) is important, as lenders also want to see that you can afford all of your financial obligations.
    • Your employment status. Because income is a big factor when assessing your application, lenders will want to know that you have a stable job with regular paychecks.

    The three Cs of eligibility

    • Character is about creditworthiness, how you’ve handled your debt payments in the past.
    • Capital is better known as collateral. If your creditworthiness is lacking, some lenders may only offer you secured loans. A secured loan will require collateral — an asset they can take possession of if you don’t repay the loan as you’ve agreed.
    • Capacity refers to your ability to repay the loan. Lenders look at the length and type of your employment as well as your income and (DTI). Generally, you need to show that you’re able to comfortably afford your repayments.

    How much will a $15,000 loan cost?

    The cost of your $15,000 loan depends on two main factors: The term and the APR. You can use our calculator to find out how much a $15,000 loan would cost you each month and overall.

    Calculate the cost of a $15K loan

    Cost example: Repaying a $15,000 loan over 5 years

    Loan costs vary based on the amount, term and APR. You can potentially shift these factors around to get different monthly payments and total costs.

    APRMonthly repaymentTotal amount repaidTotal interest paid
    5%$283$16,984.11$1,984.11
    12.99%$341.22$20,473.16$5,473.16
    20%$397.41$23,844.50$8,844.50

    How to get the best rate and terms

    Ask yourself three important questions about important factors that’ll determine the rate and term of your loan.

    Additional tips:

    • When applying, be sure to include all your income and assets — your savings and investment accounts and real for example — in the application to demonstrate your ability to repay the loan.
    • Apply for the smallest amount and shortest-term loan for your situation if possible. A longer repayment period means smaller monthly payments but a higher cost overall with the added interest payments.

    How is my creditworthiness determined?

    A lender typically reviews your credit score and credit report to determine your creditworthiness. Your credit report is a detailed record of your credit history, including open accounts, credit inquiries and payment history. Your credit score is a number that represents your capacity to take on new credit and repay it. It’s based on five factors: payment history, amounts owed, length of credit history, new credit and types of credit used.

    Your credit score greatly affects whether you’re approved as well as the rate and loan term you’re ultimately offered. Here are general ranges you can use to evaluate where you stand:

    Credit scoreRating
    720–850Excellent
    680–719Good
    620–679Fair
    300–619Poor

    A specific lender’s credit ranges may differ slightly, while others rely on your FICO score for evaluation. But to get the lowest interest rate and APR, you’ll typically need to be in the good to excellent range.

    Find out your credit score

    What if I have bad credit?

    It can be difficult to qualify for a personal loan with bad credit. If you’re okay with getting a lower loan amount for now, you could get a $5,000 with bad credit. You could also consider comparing installment loan options — these loans typically range from $1,000 to $10,000 and have more lenient eligibility criteria.

    If you think your credit score is lower than it should be, you can check your credit report. In the event you find errors like incorrect late payments or delinquent accounts that should’ve been closed, you can contact the credit bureau to have that mistake fixed. If your credit report is accurate and you still have bad credit, you may be able to build your credit. Learn more about tips to improve your score.

    What can I use a $15,000 personal loan for?

    • Consolidate credit card debt. Whether you have balances on one or multiple credit cards, you can pay them off with a credit card consolidation loan and save money on interest while simplifying your payments.
    • Learn about even more personal loan uses. Personal loans can generally be used for just about any legitimate purposes. Find out some of the most common uses for personal loans and compare lenders.

    Other factors to keep in mind

    • Additional costs. Consider any fees or charges beyond the interest rate. The APR gives an idea of the total cost of the loan including required fees for things like origination. However, you may also want to keep a lookout for penalty fees that aren’t included in the APR for things like late payments or early payoff, if applicable.
    • Terms and conditions. Be sure to read the terms and conditions of the loan agreement for things about the loan that may not have been advertised. You can contact a customer support representative if you don’t understand something in the document. Things to flag may include hidden fees or privacy policies regarding your personal information.
    • Alternatives if you have bad credit. If it turns out a personal loan isn’t the best fit for you because of your credit score or eligibility, you can look into installments loans as another borrowing option. For example, you could get a $5,000 loan even if you have bad credit.

    Bottom line

    Just about all personal loan lenders offer $15,000 loans, so you have plenty of options to compare. Check out the comparison table above to see the starting rates and eligibility requirements.

    If you’d like to learn more about comparing your personal loan options, different types of loan types available and how to apply, you can visit our complete personal loans guide.

    Frequently asked questions

    Aliyyah Camp

    Aliyyah Camp is a publisher helping folks compare personal, student, car and business loans. Prior to joining Finder, she ran her own personal finance blog and wrote for numerous finance sites. Aliyyah earned a BA in communication from the University of Pennsylvania. She regularly attends industry conferences to stay in the know about market changes that can affect consumers. When she's not helping people with their personal finances, you can find her at the movies or going for a run outdoors.

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    US Personal Loans Offers

    Important Information*
    Credible Personal Loans

    Get personalized rates in minutes and then choose a loan offer from several top online lenders.

    Even Financial Personal Loans

    Get connected to competitive loan offers instantly from top online consumer lenders.

    LendingClub Personal Loan

    A peer-to-peer lender offering fair rates based on your credit score.

    SoFi Personal Loan Fixed Rate (with Autopay)

    No fees. Multiple member perks such as community events and career coaching.

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    2 Responses

    1. Default Gravatar
      JamieOctober 9, 2018

      I would like to get a personal loan for 15,000 and use my deed to my house and I have a credit score of 560

      • finder Customer Care
        nikkiangcoOctober 10, 2018Staff

        Hi Jamie,

        Thanks for your inquiry and for visiting our page.

        Great job on the credit score! Here is a page that lists collateral loans. Read the page carefully to check what other properties you can use for as collateral for your loan.

        As a friendly reminder, review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the product disclosure statement of the product and contact the lender should you need any clarifications about the card.

        Hope this was helpful. Don’t hesitate to message us back if you have more questions.

        Regards,
        Nikki

    US Personal Loans Offers

    Important Information*
    Credible Personal Loans

    Get personalized rates in minutes and then choose a loan offer from several top online lenders.

    Even Financial Personal Loans

    Get connected to competitive loan offers instantly from top online consumer lenders.

    LendingClub Personal Loan

    A peer-to-peer lender offering fair rates based on your credit score.

    SoFi Personal Loan Fixed Rate (with Autopay)

    No fees. Multiple member perks such as community events and career coaching.

    Go to site