Editor's choice: Monevo personal loans
- No obligation offers
- Quick online decision
- Award-winning service
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Most lenders offer personal loans up to $50,000, though it’s possible to find one as high as $100,000. But how much you can borrow depends on factors like your credit score, debts and income. Even if you qualify for the maximum amount, think twice before borrowing more than you need — the higher your loan amount, the more you’ll pay in interest in the long run.
You can generally find personal loans from $2,000 to $50,000 though some lenders offer personal loans as large as $100,000.
Even if a lender offers up to $100,000, you might be eligible for that amount. How much you can borrow depends on several factors, including your:
Many lenders favor applicants with credit scores of 680 or higher, but you can still find borrowing options even if you have bad credit. Do some basic calculations to see how much you can realistically afford to borrow.
How much you can afford to borrow mainly depends on your monthly income and bills. In order to be sure you can afford the maximum amount a lender offers you, use our calculator to quickly determine how much you may be able to spend on a new loan.
If you have a few hundred left over, you’ll likely be able to afford a new loan for a large amount. If you don’t, then work on paying down some of your other debts before borrowing.
When you submit an application, lenders take into account a few different pieces of information in order to determine if you qualify for the maximum loan amount you’re requesting.
There are no guarantees you’ll be approved for the loan amount you’re seeking. However, these tips may help you score the amount you need.
If you’re approved for a lender, your lender will give you the total amount you can borrow. Although you can take out this amount — and may have to, depending on your project — this might not be the smartest move.
That’s because the more you borrow, the more you’ll pay in interest and fees. To save on your loan costs, ask your lender if you can borrow less before signing your loan documents.
The maximum amount available for a loan and the maximum amount you can borrow will vary by your lender and your financial circumstances. Find the right lender and see what types of rates you may be offered. If it matches with your budget, you may be on your way to financing that next big purchase in your life.
Reduce your debt by around 30% after fees — but only if you can stick with the program. Here’s how.
Here’s where to get financial help for yourself and your business if you’ve been affected by the storm in February 2021.
The White House announced new changes to PPP loans, helping the smallest businesses and opening access to people with student loan defaults or nonfraudulent felony convictions.
President Biden said he supports offering $10,000 in forgiveness for federal loans, plus a few other options. Here’s what to expect.
Small cash advances perfect for avoiding steep overdraft fees.
Compare premiums, deductibles and coinsurance for every Medicare plan in 2021.
Credit counseling, debt relief programs and more options to consider.
The rush of turning $19,500 into $1 million can be enticing, but it’s not always the best idea.
No fees or tips required to access this exclusive online banking feature.
Lenme connects borrowers to investors through its simple app.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.