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Get a $100,000 personal loan

Compare rates and prequalify for $100K with rates as low as 4.16%.

While few lenders offer loans over $50,000, a handful of banks and online lenders offer $100,000 personal loans. But to qualify for a loan of this size, you typically need a good or excellent credit score over 670 and enough income to cover large monthly payments.

$100,000 personal loan lenders

Use our table to find a loan available to your credit type in your state. Select Compare for up to four lenders to weigh their benefits side by side and hit Go to site to check your rate.

Name Product Filter Values APR Min. credit score Loan amount
SoFi personal loans
Finder Score: 4.4 / 5: ★★★★★
SoFi personal loans
8.99% to 29.99%
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no required fees.

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 — ideally below 20%
  • Collateral, if applicable
  • Active bank account

How to increase your chances of approval and get lower rates

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

  • Apply with a coborrower for more cash. If your income isn’t meeting requirements or is all tied up in other monthly payments, then having a co-borrower helps. Also called a co-applicant or joint applicant, both borrowers combine their income 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. 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 over 20% of their credit limit or other debts close to the end of term, pay those down as much as possible or completely off if you can. This can increase your credit score and reduce your DTI to help approval odds.
  • Secure your loan with collateral. Unsecured loans aren’t backed by anything, making them a little riskier to a lender. If you can, 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 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 personal loan$100,0007.49% to 23.24%12 to 84 monthsUnsecured
Go to site
First Republic Bank Eagle Gold Loan$250,000Based on WSJ Prime RateUp to 60 monthsUnsecured
M&T Bank Cash-Secured Loan$100,0004.24% to 6.49% APR12 to 120 monthsSecured
Umpqua Bank personal loan$100,000Starting at 10.21%Up to 48 monthsSecured and unsecured

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

Unfortunately, qualifying for an unsecured $100,000 personal loan with poor credit is difficult. Lenders typically have higher credit score cutoffs for the largest loans available — even if they don’t advertise it online.

However, applying with some collateral can increase your chances of qualifying with bad credit. If you have a negative mark on your credit report that you can easily explain away, consider applying with a local bank or credit union, which tends to have more flexible credit requirements than big banks or online lenders.

How much does a $100,000 loan 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 an even better chance of scoring a low rate if you qualify for this loan amount. For example, BHG Money offers personal loans well above $100,000 to borrowers with at least a 700 credit score, but rates start at 11.96%.

During an economic boom, lenders typically offer the lowest rates on the highest loan amounts. However, lenders sometimes raise rates on high loan amounts when the economy is unpredictable because they stand to lose more if you default on the loan. That’s because they stand to lose more if you default on the loan. On top of that, the longer the term you choose, the higher that rate will be. As an example, let’s take a look at how much a $100,000 loan might cost you each month and in total, depending on the term:

Loan termStarting APRStarting monthly paymentStarting interest cost
2 years7.99%$4,522.27$8,534.55
5 years8.79%$2,065.66$23,939.50
7 years10.59%$1,690.76$42,024.03
10 years11.34%$1,396.82$67,617.94

Going for a long loan term may be tempting on a $100,000 but be wary of the total cost. To get a lower rate and out of debt more quickly, go for the shortest term you can comfortably afford.

Calculate your loan repayments

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

$100,000 loan repayment calculator

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How to apply for a $100,000 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 can comfortably afford your loan’s monthly payments — and help narrow your choice of lenders.
  4. Submit your paperwork. Your lender will want 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 can 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 of years — different jobs, 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 paying 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 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 monthly 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, debt consolidation involves getting one large loan to pay off numerous debts, efficiently combining them into one monthly payment. And if you get a low rate, 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 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.

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8 Responses

    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.

      JoshuaOctober 3, 2018Finder

      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!


    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.

      JoshuaAugust 12, 2018Finder

      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!


    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


    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.

      AliyyahOctober 5, 2017Finder

      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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