Compare the best $35,000 personal loans
Couple looking on laptop for personal loan

Compare the best $35,000 personal loans

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Some lenders cap their loans at this amount — here’s how to find a good deal.

This amount is on the higher end of what many lenders offer, so you generally need at least good credit to qualify.

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

    6 top providers for $35,000 loans

    ProviderBest forAPR
    CredibleComparing multiple offers with competitive rates for individuals with good credit.5.34% to 35.99%
    LendingClubBringing on a cosigner for better rates and terms.6.95% to 35.89%
    Even FinancialComparing $35,000 loans for most credit types.3.84% to 35.99%
    MonevoExtra-short or extra-long loan terms friendly to a wide range of credit types.3.99% to 35.99%
    SoFiAdditional perks to boost your career and financial wellbeing.
    • Fixed rates: 5.99% to 16.99%
    • Variable rates: 5.74% to 14.70%
    Marcus by Goldman SachsDebt consolidation for borrowers with strong credit.6.99% to 24.99%

    How much does a $35,000 loan cost?

    How much a $35,000 loan costs mainly depends on two factors:

    • APR. Your APR is your loan’s interest and fees expressed as the percentage of the loan balance you’d pay over one year.
    • Loan term. Your loan term is how long you have to pay back that $35,000. Since this amount is on the larger end for a personal loan, some of the shorter one- to three-year terms might not be available.

    The longer your loan term, the less you’ll pay each month but the more time there is for interest to add up. To hit that sweet spot, use our calculator to find a loan term that gives you the highest monthly repayments you can comfortably afford.

    Calculate your monthly payments

    How APR works on a $35,000 loan

    Many lenders offer lower APRs for larger amounts like $35,000 — especially online lenders. So if you can qualify for a loan of that size, you might be eligible for lower rates than you’d get on a smaller loan. However, some work the opposite way, charging higher rates for larger amounts — especially credit unions.

    Your loan term might also affect the rates you’re eligible for. While some offer lower rates for shorter terms, it’s common for short terms to come with higher rates. Ask your lender how your term affects your rates and keep this in mind when calculating the monthly cost.

    Costs example: $35,000 loan with a 5-year term at 10.99% APR

    Monthly paymentTotal amount repaidTotal interest charges
    $760.81$45,648.62$10,648.62

    How much do I actually get when I borrow $35,000?

    How much you actually get in your bank account depends on whether your loan comes with an origination fee. Not all lenders charge origination fees, but those that do deduct this fee from your loan before you receive your funds.

    Typically, origination fees run from 1% to 5% of your loan amount — $350 to $1,750 on a $35,000 loan. Some origination fees can get as high as 8% — $2,800 — though fees that high are uncommon.

    You can generally expect to get between $33,250 and $35,000 when you take out a $35,000 loan.

    How do I apply for a $35,000 loan?

    Ready to apply for a $35,000 loan? Follow these five steps:

    1. Calculate what you can afford. Use our calculator to find out what rates and terms give you monthly payments within your budget and let these guide your search for a loan. Expect to pay at least $500 per month on a $35,000 loan.
    2. Research your options. Before doing a hard comparison, look for lenders that offer this amount. Do you have $35,000 in debt? You might want to look at lenders like Marcus that specialize in debt consolidation. Not sure you’ll get a great deal on your own? Consider lenders that accept cosigners or allow you to back your loan with collateral.
    3. Compare lenders. In addition to comparing rates and terms on your $35,000 loan, look at other features that might be important to you like speed and prepayment options to narrow down your list of potential lenders. Also, make sure you meet the eligibility criteria — some have minimum credit score or income requirements. And some might not be available in your state.
    4. Prequalify. Most lenders allow you to check what rate you might qualify for by filling out a quick online form based on a soft credit pull. This can help you make a more accurate cost comparison to find the best deal. If you find a lender you’re interested in on one of our tables, you can get started by clicking the Go to site button. Just remember you might not get the rates you prequalified for when you complete the full application.
    5. Apply. If you like one of the loans you’ve been preapproved for, follow the lender’s instructions to submit documents and complete the application. You can typically get your decision as soon as the next business day if you apply online.

    Step-by-step instructions to apply for a personal loan

    Compare more $35,000 loans from online lenders

    Rates last updated March 20th, 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

    I don't know my credit score

    Finally, select where you live.

    To get your credit score:

    Experian logo

    Experian is a leading provider of personal and business credit reporting. Find out your FICO score now for less than the cost of a cup of coffee.

    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 16.99% (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

    Am I eligible for a $35,000 loan?

    Typically, you need to meet the following requirements to qualify for a $35,000 loan:

    • Have good to excellent credit. You typically need to have a credit score of at least 670 to qualify for a loan of this amount.
    • Have a low debt-to-income (DTI) ratio. Your DTI ratio shows how much money you have available each month after paying your bills. While most lenders won’t work with you if you have a DTI over 43%, you’ll likely need a DTI closer to 20% to get a $35,000 loan. You can use our calculator to learn your DTI.
    • Be employed. While there are loans for people who receive funds from other types of income, to get this amount you’ll typically need to have a full-time job. And it might be hard to qualify if you work for yourself.
    • Be a US citizen or permanent resident. While there are options for nonresidents, lenders like Stilt tend to have maximums lower than $35,000. You might have to find a qualified cosigner to get a loan of this amount.
    • Be the age of majority. In most states, you have to be 18 or older to take out a loan. You have to be 19 in Nebraska and Alabama and 21 in Mississippi.

    Can I still get a $35,000 loan with bad credit?

    To qualify for a $35,000 loan, you typically need to have good to excellent credit.

    Before you apply, check your credit score. If it’s lower than expected, there are steps you can take to correct any errors on your report and potentially bolster your score. Or, consider signing up for credit repair.

    6 tips to find a good rate on a $35,000 loan

    When comparing $35,000 loan offers, follow these tips to score a competitive deal:

    • Consider a variable rate. A variable rate has the benefit of potentially going lower than the fixed rate. It can, however, fluctuate a good deal with the market. Find out if you can afford the upper end of the APR or if a fixed-rate loan is more sensible for your budget.
    • Back your loan. Putting up collateral to secure your loan makes you less of a risk to lenders and can get you an overall more favorable deal.
    • Take time to improve your credit. Your credit score needs to be in the good-to-excellent range for large loan amounts. If it’s not, it may be time to look at other options or work on rebuilding your credit score first.
    • Apply with a cosigner. If you can’t meet the requirements on your own or know someone with stronger personal finances, consider applying with a cosigner to get a lower rate.
    • Borrow less. Borrowing less can lead to paying less. You may even be able to get a better APR with some lenders. And even if it’s the same as what you were offered for a $35,000 loan, you’ll likely end up paying less in interest.
    • Include all of your income. Returns on investments, child support and other benefits can count as additional income and should be documented in your application.

    What can I do with a $35,000 personal loan?

    From renovating your home to consolidating your debt, there are plenty of ways to use a $35,000 loan.

    Fix up that home you just bought or love the one you’ve got.
    While it may not be a fixer-upper, your new home could still probably use some love. A $35,000 can go a long way as a home improvement loan, especially if you’re going to finish that entire basement. A home equity line of credit (HELOC) or home equity loan may also be an option if you have enough equity in your home.

    Get your debt into one place.
    Consolidating your credit card debt and other unsecured debt can help you save on interest and potentially lower your monthly payments.

    Get your business off the ground.
    Business loans can have strict requirements for both application and use. If you need a little more leeway or you don’t qualify because your business is still new, you may be able to get a personal loan for your business.

    Explore common uses for personal loans and compare lenders’ specialties

    Bottom line

    Because a $35,000 loan is on the higher end of what most lenders offer, you generally need to have stellar credit and a low DTI ratio to qualify for an unsecured loan on your own. If you’re not sure you’re eligibile, you might want to consider a secured loan or applying with a cosigner.

    You can check out our guide to personal loans to compare more lenders and bone up on the basics of personal loans.

    Frequently asked questions

    Picture: Shutterstock

    Was this content helpful to you? No  Yes

    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.

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

    Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

    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