Credible Takeaways
- You can get a $35,000 personal loan from an online lender, bank, or credit union.
- Some large banks, like Chase and Bank of America, do not offer personal loans.
- Before taking out a personal loan, consider the interest rate, potential fees, and repayment terms. Also be sure to consider the total repayment cost of the loan.
Whether you need to pay for a medical bill, want to install a new bathroom in your home, or are facing a large personal expense, a personal loan could help you quickly get the cash you need.
If you need to take out a $35,000 personal loan, it’s important to carefully consider as many lenders as possible to find the right option for you.
Where to get a $35,000 personal loan
If you need a $35,000 unsecured personal loan, there are a few types of personal loan lenders to choose from:
Online lenders
Online lenders are often the fastest option to get a personal loan — depending on the lender, you might be able to apply for a loan in just a few minutes and get a decision almost immediately.
The time to fund for online personal loans is typically less than five business days, though some lenders will fund loans as soon as the same or next business day if you’re approved.
Here are Credible’s partner lenders that offer $35,000 personal loans:
4.24.2
Credible rating
Fixed (APR)
6.99% - 25.49%
Loan Amounts
$5000 to $100000
Min. Credit Score
700
Check Rates
on Credible’s website
View Details
Overview
Lightstream is one of three Credible partner lenders to offer loan amounts up to $100,000, which makes it ideal for financing large expenses like home improvements or weddings. Funds are available as soon as the same day you apply, and you'll have up to 12 years to repay certain types of loans, including home improvement loans, RV loans, and boat loans. There are no origination fees, and rates are low — Lightstream's lowest APR beats SoFi's advertised lowest APR by 1 percentage point. But you'll need good credit to qualify.
Unlike most lenders, Lightstream does not let you prequalify on its site. Nor does it provide a contact phone number next to its customer service hours on its website.
Loan amount
$5,000 to $100,000
Repayment terms
2 - 12 years, depending on loan purpose
Fees
None
Discounts
Autopay
Eligibility
Available in all states except RI and VT
Min. income
Does not disclose
Customer service
Soft credit check
No
Time to get funds
As soon as the next business day
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Read full review
3.93.9
Credible rating
Fixed (APR)
7.80% - 35.99%
Loan Amounts
$1000 to $50000
Min. Credit Score
620
Check Rates
on Credible’s website
View Details
Overview
Upstart has one of the lowest available APRs of Credible partner lenders and of all non-partners we reviewed, making it a good choice for well-qualified applicants. However, it's also is one of few lenders that doesn't have a minimum credit score requirement (if you apply on the lender's website), which makes it an option if you have bad credit or no credit history. Upstart may charge an origination fee as high as 12%, but good-credit borrowers may not be charged one at all.
Trustpilot gives Upstart 4.9 stars, which is the highest of all lenders we reviewed.
Loan amount
$1,000 to $50,000
Fees
Origination fee
Discounts
None
Eligibility
Available nationwide
Min. income
$12,000
Customer service
Phone, email
Soft credit check
Yes
Time to get funds
As soon as 1 to 3 business days
Loan uses
Pay off credit cards, consolidate debt, relocate, make a large purchase, and other purposes
Read full review
4.44.4
Credible rating
Fixed (APR)
-
Loan Amounts
$2500 to $40000
Min. Credit Score
660
Check Rates
on Credible’s website
View Details
Overview
Discover Personal Loans offers low APRs, repayment terms up to seven years, no origination fees, nationwide availability, and doesn't require your Social Security number to prequalify on its site. You'll need to have an annual income of at least $40,000, and a FICO score 660 or higher, to be eligible. If your credit score is fair or poor, you'll need to go elsewhere, as Discover doesn't allow cosigners.
Funds are available as soon as the next business day after loan approval.
Loan amount
$2,500 - $40,000
Repayment terms
3 - 7 years
Fees
Late fee
Discounts
None
Eligibility
Available in all 50 states
Min. income
$40,000
Customer service
Phone
Soft credit check
Yes
Time to get funds
Funds can be sent as soon as the next business day after acceptance
Loan uses
Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding
Read full review
4.54.5
Credible rating
Fixed (APR)
8.49% - 35.99%
Loan Amounts
$1000 to $50000
Min. Credit Score
600
Check Rates
on Credible’s website
View Details
Overview
Upgrade has a suite of features that make it a very attractive lender: competitive interest rates, discounts for direct pay and autopay, as soon as same-day funding, up to seven-year repayment terms, and nationwide availability. Plus, loans are available to fair-credit borrowers, and you don't need to input your Social Security number to prequalify on the website. Upgrade even offers secured personal loans, which is not common among lenders.
However, Upgrade does charge an origination fee of 1.85% to 9.99%. You must have a FICO score of at least 600 and a minimum income of $25,000 annually to qualify.
Loan amount
$1,000 to $50,000 ($3,005 minimum in GA; $6,600 minimum in MA)
Repayment terms
2 to 7 years
Fees
Origination fee
Discounts
Autopay and direct pay
Eligibility
Available in all states
Min. income
Does not disclose
Customer service
Soft credit check
Yes
Time to get funds
1 business day
Loan uses
Credit card refinancing, debt consolidation, home improvement, major purchase, other
Read full review
44
Credible rating
Fixed (APR)
8.98% - 35.99%
Loan Amounts
$1000 to $40000
Min. Credit Score
660
Check Rates
on Credible’s website
View Details
Overview
LendingClub is a solid lender for good credit borrowers and some fair credit borrowers that apply directly on its website. It's easy to prequalify with LendingClub, especially if you're uncomfortable providing your Social Security number, as the company doesn't require it at the prequalification stage. (You will need to provide it if you move forward with a full application.)
While prequalification is not a guarantee that you'll be approved for a loan, LendingClub does a better job than most other Credible partner lenders at approving applicants that have successfully prequalified. In other words, you're less likely to have your application declined once you apply (if you've already prequalified). LendingClub may charge an origination fee between 3% and 8%.
Loan amount
$1,000 to $40,000
Fees
Origination fee
Discounts
None
Eligibility
Available in all 50 states
Min. income
None
Customer service
Phone, email
Soft credit check
Yes
Time to get funds
Within 3 days
Loan uses
Debt consolidation, paying off credit cards
Read full review
4.94.9
Credible rating
Fixed (APR)
8.99% - 29.99%
Loan Amounts
$5000 to $100000
Min. Credit Score
Does not disclose
Check Rates
on Credible’s website
View Details
Overview
SoFi stands out for offering no-fee personal loans with competitive rates, high loan amounts, long loan terms, discounts for autopay and direct pay, and funding as soon as the same day. Plus, SoFi prioritizes convenience for existing and potential customers with features like live chat and an easy prequalification process that doesn't require your Social Security number.
The main catch is that you need to qualify for a loan with SoFi, which can be hard to do if you don't have good credit. You also won't be able to apply with a cosigner, since SoFi doesn't accept cosigners; nor does it offer secured personal loans.
Loan Amount
$5,000 to $100,000
Repayment terms
2 - 7 years
Fees
Option to pay an origination fee (up to 6%) in exchange for a lower rate
Discounts
Autopay, direct pay
Eligibility
Available in all states
Min. income
Does not disclose
Customer service
Phone, email, live chat
Soft credit check
Yes
Time to get funds
Typically within a few days, given approval and bank account verification, but sometimes within the same day
Loan uses
Solely for personal, family, or household uses
Read full review
44
Credible rating
Fixed (APR)
8.99% - 35.99%
Loan Amounts
$2000 to $50000
Min. Credit Score
600
Check Rates
on Credible’s website
View Details
Overview
Best Egg is a solid lender for a wide range of borrowers and, notably, scored second for personal loan satisfaction in J.D. Power's Consumer Lending Study. It offers competitive rates, reasonable loan terms and amounts, and personal loans for fair credit. You'll need a FICO score of at least 600 to qualify, but the lower your score, the higher your APR may be. The APR includes the interest rate and origination fees, which range from 0.99% to 8.99% with Best Egg.
Note that if you successfully prequalify with Best Egg, you may be more likely to be approved for the loan relative to other lenders you prequalify with. Based on Credible data, borrowers who chose to apply for a loan with Best Egg were more than twice as likely to be approved (relative to most other Credible partners).
Loan amount
$2,000 to $50,000
Fees
Origination fee, late fee, unsuccessful payment fee, check processing fee
Discounts
None
Eligibility
Available in all states except DC, IA, VT, and WV
Min. income
None
Customer service
Phone, email
Soft credit check
Yes
Time to get funds
As soon as 1 to 3 business days after successful verification
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Read full review
3.93.9
Credible rating
Fixed (APR)
9.95% - 35.99%
Loan Amounts
$2000 to $35000
Min. Credit Score
550
Check Rates
on Credible’s website
View Details
Overview
Avant personal loans are a good choice for borrowers with bad credit looking for small- to moderate-sized personal loans. Loans are available up to $35,000 and you could get the money as soon as the next business day after approval. Plus, Avant is more likely than some lenders to approve the applications of borrowers who've prequalified with Avant. However, the lender charges an origination fee up to 9.99%, and its top-range interest rates are among the highest of the lenders we reviewed.
Loan amount
$2,000 to $35,000**
Fees
Origination fee, late fee, dishonored payment fee
Discounts
None
Eligibility
Available in all states except HI, IA, MA, ME, NY, VT, and WV
Min. income
$1,200 monthly
Customer service
Phone, email
Soft credit check
Yes
Time to get funds
As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
Loan uses
Debt consolidation, emergency expense, life event, home improvement, and other purposes
Repayment terms
1 to 5 years (2 to 5 years through Credible)
Read full review
3.93.9
Credible rating
Fixed (APR)
11.72% - 17.99%
Loan Amounts
$3000 to $40000
Min. Credit Score
640
Check Rates
on Credible’s website
View Details
Overview
Happy Money has been in operation since 2009 (formerly known as Payoff). It's an option for fair-credit borrowers (plus those with better credit), and notably has a relatively low top-end APR. In other words, you could qualify for a lower rate with Happy Money with fair credit, relative to other lenders that offer fair-credit loans. The company does charge an origination fee on some loans, up to 5%, but that's not as high as some other lenders' origination fees.
You should be prepared to wait a few days to get your money, as funding can take three to five days once approved. And loans aren't available in Massachusetts or Nevada. Happy Money has an A+ rating with the BBB and is ideal for debt consolidation and credit card consolidation loans.
Loan amount
$5,000 to $40,000
Fees
Origination fee
Discounts
None
Eligibility
Available in all states except MA, MS, NV, and OH
Min. income
None
Customer service
Phone, email, chat
Soft credit check
Yes
Time to get funds
As soon as 2 - 5 business days after verification
Loan uses
Debt consolidation and credit card consolidation only
Read full review
All APRs reflect autopay and loyalty discounts where available | LightStream disclosure | SoFi Disclosures | Read more about Rates and Terms
Avant
Avant could be a good choice for borrowers who have poor or fair credit. If you’re approved for an Avant loan, you could have your money as soon as the next business day (if approved by 4:30 p.m. CT on a weekday).
Axos Bank
Axos Bank offers personal loans from $10,000 to $50,000 with terms ranging from three to six years. You’ll generally need very good to excellent credit to qualify for a loan with Axos.
Best Egg
Best Egg loans range from [best_egg_loan_amount] and could be a good option for debt consolidation or home improvement as well as other loan uses.
Discover
Discover offers a wide variety of products, including personal loans from $2,500 to $40,000. With Discover, you could get a term as long as seven years, which might make it a good choice if you’re looking for a longer repayment period.
Happy Money
Happy Money personal loans are specifically designed for credit card consolidation. If you qualify for a Happy Money loan to consolidate high-interest credit card debt, you might see a boost in your credit score — making it easier to get approved for other loans down the road.
LendingClub
LendingClub is one of the few lenders that allows cosigners on personal loans, which might make it easier to get approved for a loan if you have poor or fair credit.
Even if you don’t need a cosigner to qualify with LendingClub, having one could get you a lower interest rate than you’d get on your own.
LightStream
LightStream could be a good choice if you need money fast — if you’re approved, your loan could be funded as soon as the same business day.
Terms on a LightStream loan are typically two to seven years, but you could have as long as 12 years to repay your loan if you’re using it for home improvements.
SoFi
SoFi personal loans range from $5,000 to $100,000 with terms from two to seven years. With SoFi, you’ll also have access to perks like unemployment protection and free sessions with a financial advisor.
Upgrade
Upgrade could be a good choice if you’re looking for personal loans for fair credit. You can borrow $1,000 to $50,000 with Upgrade and will have two, three, five, or six years to repay your loan.
Upstart
Upstart personal loans are available for [upstart_loan_amount]. Keep in mind that Upstart will also consider your education and job history in addition to your credit to determine your eligibility, which means you might be able to qualify even if you have little to no credit history.
Learn More: Where to Get a Personal Loan
Banks
There are plenty of banks that offer $35,000 personal loans — though keep in mind that some larger banks, like Bank of America and Chase, do not.
If you already have an existing relationship with a bank, you might even qualify for loyalty rate discounts if you take out a personal loan with them.
Keep in mind
Some large banks don’t offer personal loans — for example, Capital One, Chase, and Bank of America don’t. However, others like Wells Fargo do.
Check Out: Debt Consolidation Loans
Credit unions
Because credit unions are nonprofit organizations, they sometimes provide lower interest rates on loans to their members.
They also might have less stringent borrower requirements to get a personal loan compared to banks.
Here are a few credit unions that offer $35,000 personal loans:
Learn More: Home Improvement Loans
What to consider when comparing $35,000 loans
Before you take out a $35,000 personal loan, here are a few factors to consider:
- Interest rates
- Fees
- Repayment terms
- Monthly payment
- Total repayment costs
1. Interest rates
The interest rate on a loan is typically the biggest cost of borrowing money. It indicates how much you’ll pay in interest charges. In most cases, the shorter the repayment term you select, the lower the interest rate.
While there are personal loans available for poor and fair credit, these tend to come with higher interest rates compared to good credit personal loans.
If you’re wondering how to build credit to eventually get these rates, a few things to focus on include:
- Making on-time payments to improve your payment history
- Keeping loan balances low, such as on credit cards
- Avoiding new loans unless you need them
It’s important to think about how much a loan will cost you over time and how your interest rate will affect that. You can estimate how much you’ll pay for a loan using our personal loan calculator.
Compare Rates Now
2. Fees
Depending on the lender, you might also be charged additional fees associated with your loan. For example, some lenders might assess:
- Origination fees when the loan is created
- Late fees if you miss payments
- Prepayment penalties if you pay off the loan early
These fees could add to the cost of your loan, so make sure you know exactly what the lender charges. The best personal loans generally come with fewer fees.
3. Repayment terms
You’ll typically have one to seven years to repay a personal loan, depending on the lender. The longer the loan term, the more you’ll likely end up paying in interest over the life of your loan.
Tip
It’s usually a good idea to choose the shortest loan term that you can afford. This way, you can save money on interest and pay off your loan more quickly. Plus, shorter repayment terms often come with lower interest rates compared to long-term loans.
4. Monthly payment
The monthly payment is a good indicator as to whether the loan will fit into your budget.
As you compare loan terms, make sure you can comfortably afford the monthly payment to avoid falling behind on your payments and damaging your credit.
Tip
Choosing a longer repayment term can get you a smaller monthly payment. Just remember that the longer the term, the more you’ll end up paying in interest.
5. Total repayment costs
Finally, be sure to estimate the total repayment cost of the loan. There are several components that affect this, including loan term and interest rate.
Before you sign a loan contract, review the federal Truth in Lending Act (TILA) disclosure provided by your lender.
Pay special attention to these two numbers:
- The finance charge: This is the cost of your loan, including interest and fees, assuming you make all your payments on time.
- Total payments: This is the sum of all the payments you’ll make to pay off your loan, including the loan principal and finance charges.
Check Out: Home Equity Loans vs. Personal Loans
Cost to repay a $35k loan
The table below illustrates how the loan term, interest rate, and monthly payment affect the total repayment cost of a loan. The interest rates in these examples are hypothetical and are solely for illustration.
If you’re ready to take out a $35,000 personal loan, remember to compare multiple lenders to find the right loan for you.
Compare Rates Now
Read More:
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- Business Loans
- Deck Financing
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- Home Improvement Loans
- HVAC Financing
- Kitchen Remodel Loans
- Landscaping Financing
- Loans to Buy Land
- Pool Loans
- RV Loans
- Self-Employed Loans
- Solar Financing
- Startup Business Loans
Meet the expert:
Kat Tretina
Kat Tretina is a freelance writer specializing in personal finance. Her work has been published in The Wall Street Journal's Buy Side, U.S. News, and Money.com.
