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Get a $35,000 personal loan

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

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

There are many lenders that offer $35,000 loans — compare rates and minimum credit score requirements.

Name Product Filter Values APR Min. Credit Score Loan Amount
Best Egg personal loans
7.99% to 35.99%
640
$50,000
A prime online lending platform with multiple repayment methods.
Credible personal loans
3.99% to 35.99%
Fair to excellent credit
$100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Upstart personal loans
5.6% to 35.99%
300
$50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
Upgrade personal loans
7.46% to 35.97%
600
$50,000
Affordable loans with two simple repayment terms and no prepayment penalties.
LendingPoint personal loans
7.99% to 35.99%
585
$36,500
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
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Compare up to 4 providers

Eligibility requirements 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 670 minimum to qualify for a loan of this amount.
  • Have a low DTI ratio. Your debt-to-income (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. Learn your DTI using our calculator.
  • 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.

How to increase your chances of approval

Improving your credit score and making sure you have enough available income are two of the better ways to increase your approval odds.

Knowing your credit score and knowing your debt-to-income ratio can also help you narrow down the lenders you want to apply with, saving you time and energy.

Can I get a loan for $35,000 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.

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 debt-to-income (DTI) ratio to qualify for an unsecured loan on your own. If you’re not sure you’re eligible, you might want to consider a secured loan or apply for a personal loan with a cosigner.

How much will it cost? 

How much a $35,000 loan costs mainly depends on two factors: APR and loan term. 

The APR is your loan’s interest and fees expressed as the percentage of the loan balance you’d pay over one year. You’ll often see APR and interest rate used interchangeably, but your rate is just the percentage of the loan that's charged, while APR is a more accurate estimate of how much money you’ll pay over the course of the loan because it includes additional fees.

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 payment on a $35,000 loan

Use our loan repayment calculator to see how much a $35,000 loan may cost you based on its loan term and interest rate.

$35,000 loan repayment calculator

See how much you'll pay

Your loan
Loan amount
$
Loan terms (in years)
Interest rate
%

Fill out the form and click on “Calculate” to see your
estimated monthly payment.

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You can expect to pay back

$

per month
Based on your loan terms
Principal$
Interest$
Total Cost$

Steps to apply for a $35,000 loan 

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

  1. Calculate what you can afford. Find out what rates and terms give you monthly payments within your budget using the above calculator and let the data guide your search for a 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 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 a 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 a good 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

How to get a low rate on a loan

Having a good credit score is key to getting a low rate on a personal loan. Not only can your creditworthiness make or break your approval odds overall, but it’s also the key factor in what interest rates you can qualify for.

Here are some ways to boost your chances of nailing down a low rate:

  • Raise your credit score. Sounds daunting, but there are many different ways to go about credit repair or credit building. Read our guide that lists 16 ways to improve your credit score.
  • Find a cosigner. If you apply with a lender that allows a cosigner, having one on the loan application adds more security for the lender, and could help you qualify for a lower rate than if you were to apply by yourself. Find yourself a cosigner with a high credit score for better odds of qualifying for a low rate.
  • Consider a short loan term. Shorter loans tend to come with lower interest rates, so if you can afford a shorter loan, it can mean fewer interest charges and a lower rate.
  • Rate shop. This tactic involves applying for the same type of credit within 14 days. By applying for a personal loan with multiple lenders within two weeks, only one hard inquiry impacts your credit score, letting you compare many options without severely damaging your credit.

How to pay off $35,000 in debt

A $35,000 loan sounds like a big mountain to climb — and you’re not wrong. For loans of this size, it’s often a multi-year loan which feels like a huge commitment. On top of that, over time you may find yourself in a different financial situation toward the end of the loan.

If you’re worried about repaying the loan, know that there are multiple repayment tactics to consider:

  • Refinancing. If you need the loan now but you can’t get the low interest rate you want, then refinancing later on could be the answer. Refinancing involves paying off the original loan and replacing it with a new loan, and most people do this to get more favorable terms, such as a lower interest rate and lower payment.
  • Debt consolidation. While most popular with credit cards, debt consolidation is when you combine multiple accounts into one. It can be a convenient debt relief strategy because you have fewer monthly payments to worry about, and if you can manage it, the large consolidation loan could have a lower interest rate, saving you money over time.
  • Paying off the loan early. There are many ways to pay off your loan early. You could make one extra payment each year, or even round up your monthly payment each month. The faster you pay off a personal loan, the more you can save on interest charges.
  • Payment splitting to reduce interest. This tactic involves paying half of the payment 15 days before the due date, then paying the remaining half on the due date — this reduces interest charges without shelling out extra cash.

Compare personal loans now

Alternatives to personal loans

When it comes to personal loans, you'll have to watch out for high interest rates. In most states, the highest possible interest rate on these loans is 36%; not ideal.

If your credit score is poor, it's definitely possible that you'll only qualify for rates in the 30s — and credit scores less than 670 may not qualify for a loan of around $35,000 either.

Some alternatives to personal loans include equity lines of credit, personal lines of credit, and peer-to-peer lending. For more information on these loans and four more options, see our full guide on personal loan alternatives.

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