Many or all companies we feature compensate us. Compensation and editorial research influence how products appear on a page. Personal Loans How to Get a $100,000 Loan Updated Jun 12, 2025 11-min read Expert Approved Expert Approved This article has been reviewed by a Certified Financial Planner™ for accuracy. Written by Bob Haegele Written by Bob Haegele Expertise: Bob Haegele has been a freelance personal finance writer since 2018. In January 2020, he turned this side hustle into a full-time job. He is passionate about helping people master topics such as investing, credit cards, and student loans. Learn more about Bob Haegele Reviewed by Erin Kinkade, CFP® Reviewed by Erin Kinkade, CFP® Expertise: Insurance planning, education planning, retirement planning, investment planning, military benefits, behavioral finance Erin Kinkade, CFP®, ChFC®, works as a financial planner at AAFMAA Wealth Management & Trust. Erin prepares comprehensive financial plans for military veterans and their families. Learn more about Erin Kinkade, CFP® Do you need to borrow $100,000 or more? Maybe you plan to renovate your home or rehab rental real estate. You could also use the money for debt consolidation if you have significant credit card debt or medical bills. Personal loans are a flexible option if you need to borrow six figures. This guide will cover your options for a $100,000 loan and other avenues to consider. Table of Contents Who can get a $100,000 loan? Where to find a $100,000 personal loan Can you get a $100,000 personal loan with bad credit? How much is the monthly payment on a $100,000 loan? How to choose the right lender for a $100,000 loan Other ways to borrow $100,000 Which $100,000 loan is right for you? How to apply for a $100,000 personal loan Who can get a $100,000 loan? Qualifying for a $100,000 personal loan may not be easy because most personal loans are unsecured—meaning they aren’t backed by collateral. This makes them riskier for lenders, so you must demonstrate you can repay the loan to qualify. Here are criteria you may need to meet: Credit score: Your credit score should be good (670 – 739) to excellent (800 – 850). A high credit score doesn’t guarantee approval, but the higher your score, the better. Income: A high income can help you qualify for a $100,000 loan. This shows lenders you have more money coming in to put toward loan payments. Debt-to-income ratio (DTI): Lenders like to see a reasonable DTI. Aim for a DTI of 36% or less. This means your monthly debt payments are, at most, 36% of your monthly income. Supporting documents: You may need to provide supporting documents, such as pay stubs, bank statements, or investment account statements. None of these factors guarantee approval, having them in order can increase your chances. The stronger your finances, the better. Also, remember that even if you can’t qualify for a $100,000 loan, you may qualify for a lower amount. For instance, if your credit score is good but not excellent, you may get an offer for a smaller personal loan. Borrowers with higher credit scores are seen as more likely to make their payments, which can help them qualify for larger loans. Those with excellent credit scores tend to have the best chance of qualifying for a $100,000 loan. Where to find a $100,000 personal loan Most banks and credit unions offer personal loans, and many online lenders specialize in personal lending. You have many options to choose from when seeking a personal loan. The trick is finding a lender that offers $100,000 loans. Many lenders have loan limits of $50,000 or less. To get a loan that large, you will often need good or excellent credit. The five lenders below are terrific options for those with a good to excellent credit score. They all offer loans up to at least $100,000. Click the lender’s name in the table for more details about its $100,000 loans, LenderMaximum loan amountSoFi$100,000LightStream$100,000Credible$200,000Wells Fargo$100,000BHG Money$200,000 SoFi – Best for good credit View Rates Editorial rating: 5.0 out of 5 Fixed rates (APR): 8.99% – 29.99% with all discounts includedLoan amounts: $5,000 – $100,000Credit score: 650 SoFi® offers personal loans between $5,000 and $100,000 with competitive rates and minimal fees. The online application is simple, and you can check your rate without affecting your credit score. Credit score category: Excellent, good Soft credit pull to check rates? Yes Deposit time: As soon as the next day Origination fee: 0% – 7% Discounts: Autopay, direct deposit Repayment terms: 2 – 7 years LightStream – Best for excellent credit View Rates Editorial rating: 4.8 out of 5 Rates (APR): 7.99% – 25.49%Loan amounts: $5,000 – $100,000Credit score: 660+ LightStream ranks as our best personal loan for excellent credit and offers a maximum loan amount of $100,000. Highlights of a LightStream personal loan include low fixed rates, no fees, and a Rate Beat program that will beat any rate a competitor offers by 0.10 percentage points. If you have excellent or good credit and are looking for a $100,000 personal loan, LightStream is a terrific option. However, if you’re not confident you’ll qualify, you might consider other lenders first. LightStream doesn’t let borrowers prequalify without a hard credit check. Credit score category: Excellent, good Soft credit pull to check rates? Not available Deposit time: As soon as the same day Origination fee: 0% Discounts: Autopay Repayment terms: 24 – 144 months Credible – Best marketplace View Rates Editorial rating: 5.0 out of 5 Rates (APR): 5.20% – 35.99%1Loan amounts: $1,000 – $200,000Credit score: 640 Credible isn’t a lender; it partners with lenders to bring you prequalified rates. You can compare lenders by APR, loan amounts, and more from one location within Credible’s marketplace. And with the right offer, you can get quick funding or lock in a loan with no origination fee. Credit score category: Excellent, good Soft credit pull to check rates? Yes Deposit time: 1 – 7 business days Origination fee: 0% – 12% Discounts: Autopay, loyalty programs Repayment terms: 1 – 10 years Wells Fargo View Rates Editorial rating: 4.5 out of 5 Rates (APR): 7.49% – 23.24%Loan amounts: $3,000 – $100,000Credit score: Not specified Wells Fargo offers customizable personal loans up to $100,000 and terms from 12 to 84 months. The lender skips most typical personal loan fees, including a prepayment penalty. It offers an autopay discount if you pay with a qualifying Wells Fargo account. Most customers can expect a same-day decision, and fast funding is available. Soft credit pull to check rates? Yes Deposit time: 1 – 3 business days Origination fee: None Discounts: Autopay Repayment terms: 12 – 84 months BHG Money View Rates Rates (APR): 12.99% – 22.49%Loan amounts: $20,000 – $200,000Credit score: Not specified BHG Money provides some of the largest personal loans available, with amounts up to $200,000. You can’t get a small-dollar loan from this lender, and it doesn’t offer the lowest rates. Still, it typically provides approvals within 24 hours, and you’ll pay no application or prepayment fees. If you’re looking for a large personal loan, BHG Money might be on your list. Soft credit pull to check rates? Yes Deposit time: As few as 5 days Origination fee: 2% – 4% Discounts: Autopay Repayment terms: 3 – 10 years Can you get a $100,000 personal loan with bad credit? It can be difficult to get such a large loan if you have fair or bad credit. Many financial institutions use high origination fees and interest rates to mitigate their risk, meaning you’ll pay more to borrow if your credit is less than great. None of the fair-credit lenders and bad-credit lenders we’ve reviewed offer loans as high as $100,000. We recommend requesting a smaller loan amount or considering the alternative options we cover below. However, if you have bad or fair credit and still want a personal loan, a few options are available. You can consider one of these lenders depending on where you fall in that range. Bad credit Upstart – Best for thin (little to no) credit Editorial rating: 4.8 out of 5 Largest loan amount: $50,000 Minimum credit score: 300 Repayment terms: 3 or 5 years View rates LendingPoint – Best for changing your payment date Editorial rating: 4.9 out of 5 Largest loan amount: $36,500 Repayment terms: 2 – 6 years View rates Fair credit If you have fair credit, you can apply with any of the bad-credit lenders above, plus these three: Upgrade – Best for fair credit Editorial rating: 4.9 out of 5 Largest loan amount: $50,000 Minimum credit score: 560 Repayment terms: 2 – 7 years View rates Achieve – Best for choosing payment date Editorial rating: 4.8 out of 5 Largest loan amount: $50,000 Minimum credit score: 620 Repayment terms: 24 – 60 months View rates Happy Money – Best for credit card debt Editorial rating: 4.8 out of 5 Largest loan amount: $40,000 Minimum credit score: 640 Repayment terms: 24 – 60 months View rates How much is the monthly payment on a $100,000 loan? The exact cost of a $100,000 personal loan varies with the term of the loan and the APR. Longer terms and higher rates lead to higher total interest paid, while shorter terms and lower rates lead to lower costs. This table shows how the interest rate and term affect the cost of a $100,000 loan. The lowest payment in our example scenarios is $1,332. If you have more specific numbers, you can also run them through our personal loan calculator. APRTermMonthly paymentTotal amount repaid10%5 years$2,125$127,48210%10 years$1,332$158,58120%5 years$2,649$158,96320%10 years$1,933$231,907 How to choose the right lender for a $100,000 loan Borrowing $100,000 is a massive commitment. It will likely take years to repay, so ensure you choose the best option. When comparing loan offers, consider these factors: APRs: Compare rates from multiple lenders. Choosing a loan with a lower APR will lead to a more affordable payment and a lower cost overall. Term lengths: Look for a lender with a wide range of terms available. This will help you find a term that works for your budget. Minimum credit score: Some lenders provide a minimum credit score required to qualify for a personal loan. Look for lenders that align with your credit score. Deposit time: Many lenders will deposit funds into your account within a week. But if you need money sooner, look for lenders with faster funding. Primary financial risks: Our expert weighs in Erin Kinkade CFP® In my opinion, the primary risks are increasing your DTI and the obligation to repay the loan. If you have other financial goals in the near future, such as buying a home or car, and wouldn’t qualify if you increased your DTI by taking out a $100,000 loan, be aware of that. Time the payoff so you can achieve your other financial goals. The other main risk is not meeting the obligation of repaying the loan, which could lead to a poor credit score and credit history. This could preclude you from meeting your financial goals and affect other areas of your life. I recommend researching so you understand how DTI affects your overall financial condition, including the ability to repay the loan by making on-time payments. Other ways to borrow $100,000 It can be hard to find a lender willing to loan you $100,000 without collateral—especially without a solid credit history. However, you may have other options if you can’t find a personal loan for $100,000. It can be easier to get a loan if you opt for a secured loan, meaning you’ll provide collateral. Secured personal loan: With secured personal loans, you provide collateral (such as your home or savings) to get a larger loan or a lower rate. Home equity loan: This lets you use the equity you’ve built in your home to secure a loan. You can often borrow more money at a lower rate than most other loans, but you’ll put your home on the line. HELOC: A home equity line of credit lets you turn your home equity into a source of cash. You can use a HELOC like a credit card: Take cash when needed, and leave it unused otherwise. Cash-out refinance: If you own your home, you can use a cash-out refinance to turn some of your equity into spendable cash. This option lets you refinance your mortgage at a new rate and payment term but for a larger amount than you owe on the home. You get the difference in cash. Which $100,000 loan is right for you? You may have several options to obtain a $100,000 loan, so you’ll need to consider the features of each kind of loan and whether it works for your situation. Here are examples of times when you might need financing and which loan type to consider. If you…Choose… Why?Are remodeling your homeA home equity loan or HELOCLower ratesThe interest you pay might be tax-deductible if you itemize your deductionsAre getting married A wedding loan or personal loanRather than risking your home to pay for a wedding, you might still qualify for relatively low rates with a personal loan Want to consolidate credit card debtA debt consolidation loan or balance transfer credit cardBoth options should offer lower APRs than a credit card, and you don’t risk your personal property by putting up collateral Our expert’s advice Erin Kinkade CFP® I suggest taking the loan only if it’s a need, not a want. This will depend on your circumstances, but I recommend not making the decision in haste or desperation. Weigh the pros and cons with a goal of resulting in an overall economic benefit to you. How to apply for a $100,000 personal loan The exact process to get a $100,000 loan varies by lender, but you’ll find several similarities. Choose a lender and apply. Determine how much money you’ll need, and fill out the application. The lender will then run a credit check in most cases. The lender reviews your application. The lender will approve or deny your application according to its approval criteria. If you’re approved, the lender will send you an offer with interest rates and term options. You can choose the loan that best meets your needs. Get your funds. Once you accept the loan, the lender will deposit the cash into your checking account. Depending on the lender, the decision process can take as little as one business day or as long as two weeks. Certain lenders specialize in quick approvals, while others take more time to make decisions. If time is a concern, look for online lenders specializing in quick approval. What you’ll need to apply When you apply for a personal loan, you must provide personal information and documentation. Lenders need to know your financial situation to make a lending decision, so try to leave your potential lenders with as few questions as possible. When you fill out an application, you can expect to provide information such as: Your name Your address Government ID and ID numbers (driver’s license number, Social Security number) Your employer Your living situation (Do you rent or own? What’s your monthly housing payment?) Your annual income and proof of that income The loan purpose Your lender will combine the information that you provide with information from your credit report to make its lending decision.