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Best Lenders for a $50,000 Personal Loan in 2025

Updated on July 1, 2025
Nicole Dow
Written by 
Lead Writer & Content Strategist
Kim Lowe
Edited by 
Head of Content, Personal & Student Loans
Fact Checked
Nicole Dow
Written by 
Lead Writer & Content Strategist
Kim Lowe
Edited by 
Head of Content, Personal & Student Loans
Fact Checked

A $50,000 personal loan can cover a home remodel project or other large expense. Compare multiple lenders to find the best rate.

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Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.

Best Egg: Best for secured loans

BestEgg

Est. APR

6.99-35.99%

Loan amount

$2K-$50K

Min. credit score

600

See Offers
on Best Egg's website
on Best Egg's website
  • Qualifications:

    Key Facts:Best Egg offers personal loans for borrowers who want to consolidate debt and need cash fast.
    Qualifications:
    • Minimum credit score: 600.
    • Maximum debt-to-income ratio: 70% including a mortgage.
    • Minimum credit history: 3 years and 1 account.
    • Acceptable income sources: Employment, household income, alimony, retirement, child support, Social Security payments and disability benefits.
    • Must be a U.S. citizen or permanent resident and at least 18 years of age.
    Available Term Lengths:3 to 5 years
    Fees:
    • Origination fee: 0.99% - 9.99%.

LendingClub: Best for joint loans

Lending Club

Est. APR

7.90-35.99%

Loan amount

$1K-$50K

Min. credit score

600

See Offers
on LendingClub's website
on LendingClub's website
  • Qualifications:

    Key Facts:LendingClub personal loans are a solid option for good-credit borrowers looking to consolidate debt and build their credit.
    Qualifications:
    • Minimum credit score: 600; average borrower score is above 700.
    • Minimum income: None; lender requires proof of income. Borrower average is $100,000 per year.
    • Maximum DTI: 40%.
    • Minimum credit history: 36 months and two accounts.
    Available Term Lengths:2 to 6 years
    Fees:
    • Origination fee: 0%-8%
    • Late fee: 5% of payment or $15 after 15-day grace period.
    • Insufficient funds: $15.

LightStream: Best for home improvement

Lightstream

Est. APR

6.49-25.29%

Loan amount

$5K-$100K

Min. credit score

660

See Offers
on LightStream's website
on LightStream's website
  • Qualifications:

    Key Facts:LightStream is a solid option for good-credit borrowers, with no fees and a promise to beat competitors’ rates.
    Qualifications:
    • Minimum credit score: 660, but can vary depending on the loan purpose and amount.
    • Maximum debt-to-income ratio: 50%.
    • Minimum credit history: 3 years.
    • Income sources accepted: Employment, retirement, rental income, alimony, child support, Social Security payments and disability benefits.
    • Must be a U.S. citizen or permanent resident who is at least 18 years old and has a U.S. bank account.
    Available Term Lengths:2 to 7 years
    Fees:
    • Origination fee: None.
    • Late fee: None.

SoFi Personal Loan: Best for fast funding

SoFi

Est. APR

8.99-35.49%

Loan amount

$5K-$100K

Min. credit score

None

See Offers
on SoFi's website
on SoFi's website
  • Qualifications:

    Key Facts:SoFi offers online personal loans with consumer-friendly features for good- and excellent-credit borrowers.
    Qualifications:
    • Must be at least 18 years old in most states.
    • Must be a U.S. citizen, permanent or non-permanent resident, including DACA recipients and asylum seekers.
    • Must be employed, have sufficient income from another source, or have an offer of employment to start within the next 90 days.
    • Acceptable income sources: Employment, spouse’s income, retirement, alimony, child support, Social Security payments and disability benefits.
    Available Term Lengths:2 to 7 years
    Fees:
    • Origination fee: 0% to 7%.
    • Late fee: None.

Upgrade: Best for debt consolidation

Upgrade

Est. APR

7.99-35.99%

Loan amount

$1K-$50K

Min. credit score

580

See Offers
on Upgrade's website
on Upgrade's website
  • Qualifications:

    Key Facts:Upgrade personal loans offer multiple rate discounts and direct payment to creditors. A low minimum credit score requirement makes the perks stand out even more.
    Qualifications:
    • Minimum credit score: 580.
    • Minimum number of accounts on credit history: One account.
    • Maximum debt-to-income ratio: 75%, including mortgage payments.
    • Minimum length of credit history: Two years.
    • Minimum income requirement: None. Lender accepts income from alimony, retirement, child support, Social Security, disability benefits and other sources.
    Available Term Lengths:2 to 7 years
    Fees:
    • Origination fee: 1.85% to 9.99%.
    • Late Fee: $10.
    • Failed payment fee: $10.

Upstart: Best for thin- or low-credit borrowers

Upstart

Est. APR

6.70-35.99%

Loan amount

$1K-$50K

Min. credit score

None

See Offers
on Upstart's website
on Upstart's website
  • Qualifications:

    Key Facts:Upstart personal loans offer fast funding and may be an option for borrowers with low credit scores or thin credit histories. Upstart is a solid financing choice for large purchases.
    Qualifications:
    • Must be a U.S. citizen or permanent resident living in the U.S.
    • Must be at least 18 years old in most states.
    • Must have a valid email address and Social Security number.
    • Must have a full- or part-time job, a full-time job offer starting within six months or another source of regular income.
    • Must have a personal bank account at a U.S. financial institution with a routing number.
    • No bankruptcies in the last 12 months.
    • No current delinquent accounts on your credit reports.
    • Fewer than six hard inquiries on your credit report in the last six months, excluding student, auto and mortgage loans.
    • Minimum credit score: None.
    • Minimum annual income: $12,000.
    Available Term Lengths:3 to 5 years
    Fees:
    • Origination: 0% to 12%.
    • Late fee: 5% of the unpaid amount or $15, whichever is greater.
    • Insufficient funds fee: $15.

Best Egg: Best for secured loans

BestEgg

Est. APR

6.99-35.99%

Loan amount

$2K-$50K

Min. credit score

600
See Offers
on Best Egg's website
on Best Egg's website
  • Qualifications:

    Key Facts:Best Egg offers personal loans for borrowers who want to consolidate debt and need cash fast.
    Qualifications:
    • Minimum credit score: 600.
    • Maximum debt-to-income ratio: 70% including a mortgage.
    • Minimum credit history: 3 years and 1 account.
    • Acceptable income sources: Employment, household income, alimony, retirement, child support, Social Security payments and disability benefits.
    • Must be a U.S. citizen or permanent resident and at least 18 years of age.
    Available Term Lengths:3 to 5 years
    Fees:
    • Origination fee: 0.99% - 9.99%.

LendingClub: Best for joint loans

Lending Club

Est. APR

7.90-35.99%

Loan amount

$1K-$50K

Min. credit score

600
See Offers
on LendingClub's website
on LendingClub's website
  • Qualifications:

    Key Facts:LendingClub personal loans are a solid option for good-credit borrowers looking to consolidate debt and build their credit.
    Qualifications:
    • Minimum credit score: 600; average borrower score is above 700.
    • Minimum income: None; lender requires proof of income. Borrower average is $100,000 per year.
    • Maximum DTI: 40%.
    • Minimum credit history: 36 months and two accounts.
    Available Term Lengths:2 to 6 years
    Fees:
    • Origination fee: 0%-8%
    • Late fee: 5% of payment or $15 after 15-day grace period.
    • Insufficient funds: $15.

LightStream: Best for home improvement

Lightstream

Est. APR

6.49-25.29%

Loan amount

$5K-$100K

Min. credit score

660
See Offers
on LightStream's website
on LightStream's website
  • Qualifications:

    Key Facts:LightStream is a solid option for good-credit borrowers, with no fees and a promise to beat competitors’ rates.
    Qualifications:
    • Minimum credit score: 660, but can vary depending on the loan purpose and amount.
    • Maximum debt-to-income ratio: 50%.
    • Minimum credit history: 3 years.
    • Income sources accepted: Employment, retirement, rental income, alimony, child support, Social Security payments and disability benefits.
    • Must be a U.S. citizen or permanent resident who is at least 18 years old and has a U.S. bank account.
    Available Term Lengths:2 to 7 years
    Fees:
    • Origination fee: None.
    • Late fee: None.

SoFi Personal Loan: Best for fast funding

SoFi

Est. APR

8.99-35.49%

Loan amount

$5K-$100K

Min. credit score

None
See Offers
on SoFi's website
on SoFi's website
  • Qualifications:

    Key Facts:SoFi offers online personal loans with consumer-friendly features for good- and excellent-credit borrowers.
    Qualifications:
    • Must be at least 18 years old in most states.
    • Must be a U.S. citizen, permanent or non-permanent resident, including DACA recipients and asylum seekers.
    • Must be employed, have sufficient income from another source, or have an offer of employment to start within the next 90 days.
    • Acceptable income sources: Employment, spouse’s income, retirement, alimony, child support, Social Security payments and disability benefits.
    Available Term Lengths:2 to 7 years
    Fees:
    • Origination fee: 0% to 7%.
    • Late fee: None.

Upgrade: Best for debt consolidation

Upgrade

Est. APR

7.99-35.99%

Loan amount

$1K-$50K

Min. credit score

580
See Offers
on Upgrade's website
on Upgrade's website
  • Qualifications:

    Key Facts:Upgrade personal loans offer multiple rate discounts and direct payment to creditors. A low minimum credit score requirement makes the perks stand out even more.
    Qualifications:
    • Minimum credit score: 580.
    • Minimum number of accounts on credit history: One account.
    • Maximum debt-to-income ratio: 75%, including mortgage payments.
    • Minimum length of credit history: Two years.
    • Minimum income requirement: None. Lender accepts income from alimony, retirement, child support, Social Security, disability benefits and other sources.
    Available Term Lengths:2 to 7 years
    Fees:
    • Origination fee: 1.85% to 9.99%.
    • Late Fee: $10.
    • Failed payment fee: $10.

Upstart: Best for thin- or low-credit borrowers

Upstart

Est. APR

6.70-35.99%

Loan amount

$1K-$50K

Min. credit score

None
See Offers
on Upstart's website
on Upstart's website
  • Qualifications:

    Key Facts:Upstart personal loans offer fast funding and may be an option for borrowers with low credit scores or thin credit histories. Upstart is a solid financing choice for large purchases.
    Qualifications:
    • Must be a U.S. citizen or permanent resident living in the U.S.
    • Must be at least 18 years old in most states.
    • Must have a valid email address and Social Security number.
    • Must have a full- or part-time job, a full-time job offer starting within six months or another source of regular income.
    • Must have a personal bank account at a U.S. financial institution with a routing number.
    • No bankruptcies in the last 12 months.
    • No current delinquent accounts on your credit reports.
    • Fewer than six hard inquiries on your credit report in the last six months, excluding student, auto and mortgage loans.
    • Minimum credit score: None.
    • Minimum annual income: $12,000.
    Available Term Lengths:3 to 5 years
    Fees:
    • Origination: 0% to 12%.
    • Late fee: 5% of the unpaid amount or $15, whichever is greater.
    • Insufficient funds fee: $15.

Our guide to the best lenders for a $50,000 personal loan

If you need to borrow a large sum of money, several lenders offer personal loans up to $50,000. A $50,000 personal loan could fund a home renovation, consolidate maxed-out credit cards, finance an elective surgery or cover multiple large expenses.

Here’s what makes our picks for the best $50,000 loan stand out.

Best Egg: Best for secured loans

Adding collateral to a personal loan could improve your chances of approval or of getting a lower interest rate. Best Egg offers two types of secured personal loans — one that uses a vehicle as collateral and a more unique option that uses fixtures in your home (like kitchen cabinets and bathroom vanities) as collateral.

LendingClub: Best for joint loans

Applying for a personal loan with a co-borrower may increase your odds of being approved for a large personal loan, particularly if your co-borrower has a higher credit score or income. LendingClub lets co-borrowers pre-qualify together to preview potential offers prior to completing the formal loan application. Once you’re approved and the loan is funded, you’ll have two people to share in the repayment, which can make the large monthly payments on a $50,000 loan more manageable.

LightStream: Best for home improvement loans

LightStream offers loans up to $100,000 and repayment terms up to 20 years to fund home improvement projects. This lender doesn’t charge origination fees and has same-day funding, so you can get started on your renovation project right away.

SoFi: Best for fast-funded loans

SoFi offers same-day funding, even for borrowers who complete their loan applications later in the day. The lender says the majority of typical personal loan applicants who signed loan documents by 6 pm ET on a business day were funded that same day.

Upgrade: Best for debt consolidation

If you’re using the loan to consolidate debt, Upgrade will send the loan proceeds directly to your creditors, saving you a step in the process. The lender also has rate discounts up to 3 percentage points if you opt for direct payment for debt consolidation.

Upstart: Best for thin- or low-credit borrowers

Upstart uses an AI-powered underwriting model that factors in non-traditional criteria, like college education and work experience, when making loan approval decisions rather than focusing predominantly on credit scores. The lender doesn’t have a set credit score requirement and considers applicants with thin credit histories and bad credit (scores from 300 to the high 500s).

Estimated costs of a $50,000 personal loan

How much you’ll pay each month for a $50,000 loan will depend on your annual percentage rate and the loan’s repayment term. The lower the APR, the lower the cost of the loan.

A loan with a shorter repayment term will have larger monthly payments, but you’ll pay less in interest overall. A longer term gives you lower monthly payments but will result in a higher total interest cost.

Here are the costs of a $50,000 personal loan at various rates and repayment terms.

Term

APR

Monthly Payment

Total Interest

3 years

14%

$1,709

$11,520

3 years

20%

$1,858

$16,894

6 years

14%

$1,030

$24,181

6 years

20%

$1,198

$36,230

Use a personal loan calculator to see how different rates and terms affect your monthly payments and to see the total interest you can expect to pay over the life of the loan.

Loan details
Your loan estimateMonthly payment$212.47
  • Total principal

    $10,000.00
  • Total interest payments

    $2,748.23
  • Total loan payments

    $12,748.23
  • Payoff date

    07 / 2030

Payment datePrincipalInterestMonthly paymentPrincipal balance
Jul 2025$129.14$83.33$212.47$9,870.86
Aug 2025$130.21$82.26$212.47$9,740.65
Sep 2025$131.30$81.17$212.47$9,609.35
Oct 2025$132.39$80.08$212.47$9,476.96
Nov 2025$133.50$78.97$212.47$9,343.46
Dec 2025$134.61$77.86$212.47$9,208.85
Jan 2026$135.73$76.74$212.47$9,073.12
Feb 2026$136.86$75.61$212.47$8,936.26
Mar 2026$138.00$74.47$212.47$8,798.26
Apr 2026$139.15$73.32$212.47$8,659.11
May 2026$140.31$72.16$212.47$8,518.80
Jun 2026$141.48$70.99$212.47$8,377.32
Jul 2026$142.66$69.81$212.47$8,234.66
Aug 2026$143.85$68.62$212.47$8,090.81
Sep 2026$145.05$67.42$212.47$7,945.76
Oct 2026$146.26$66.21$212.47$7,799.51
Nov 2026$147.47$65.00$212.47$7,652.03
Dec 2026$148.70$63.77$212.47$7,503.33
Jan 2027$149.94$62.53$212.47$7,353.39
Feb 2027$151.19$61.28$212.47$7,202.20
Mar 2027$152.45$60.02$212.47$7,049.74
Apr 2027$153.72$58.75$212.47$6,896.02
May 2027$155.00$57.47$212.47$6,741.02
Jun 2027$156.30$56.18$212.47$6,584.72
Jul 2027$157.60$54.87$212.47$6,427.12
Aug 2027$158.91$53.56$212.47$6,268.21
Sep 2027$160.24$52.24$212.47$6,107.98
Oct 2027$161.57$50.90$212.47$5,946.41
Nov 2027$162.92$49.55$212.47$5,783.49
Dec 2027$164.27$48.20$212.47$5,619.22
Jan 2028$165.64$46.83$212.47$5,453.57
Feb 2028$167.02$45.45$212.47$5,286.55
Mar 2028$168.42$44.05$212.47$5,118.13
Apr 2028$169.82$42.65$212.47$4,948.31
May 2028$171.23$41.24$212.47$4,777.08
Jun 2028$172.66$39.81$212.47$4,604.42
Jul 2028$174.10$38.37$212.47$4,430.32
Aug 2028$175.55$36.92$212.47$4,254.76
Sep 2028$177.01$35.46$212.47$4,077.75
Oct 2028$178.49$33.98$212.47$3,899.26
Nov 2028$179.98$32.49$212.47$3,719.28
Dec 2028$181.48$30.99$212.47$3,537.81
Jan 2029$182.99$29.48$212.47$3,354.82
Feb 2029$184.51$27.96$212.47$3,170.31
Mar 2029$186.05$26.42$212.47$2,984.25
Apr 2029$187.60$24.87$212.47$2,796.65
May 2029$189.17$23.31$212.47$2,607.49
Jun 2029$190.74$21.73$212.47$2,416.75
Jul 2029$192.33$20.14$212.47$2,224.42
Aug 2029$193.93$18.54$212.47$2,030.48
Sep 2029$195.55$16.92$212.47$1,834.93
Oct 2029$197.18$15.29$212.47$1,637.75
Nov 2029$198.82$13.65$212.47$1,438.93
Dec 2029$200.48$11.99$212.47$1,238.45
Jan 2030$202.15$10.32$212.47$1,036.30
Feb 2030$203.83$8.64$212.47$832.47
Mar 2030$205.53$6.94$212.47$626.93
Apr 2030$207.25$5.22$212.47$419.69
May 2030$208.97$3.50$212.47$210.71
Jun 2030$210.71$1.76$212.47$0.00

Another thing to keep in mind regarding the cost of your loan is the origination fee, if your lender charges one. Origination fees typically range from 1% to 10% of the total loan amount, and lenders often deduct the fee from your loan amount before disbursing the funds.

This means if you’re approved for a $50,000 loan with a 5% origination fee ($2,500) that’s deducted upfront, you’ll see only $47,500 hit your bank account when the loan is funded.

How to qualify for a large personal loan

Lenders review a loan applicant’s credit, income and current debts to evaluate the likelihood of timely loan repayment. Approval chances for a $50,000 personal loan are better if you have good or excellent credit (a score in the mid-600s or higher), high income and a low debt-to-income ratio.

Make sure to check your credit report before applying for a loan to see if there is anything bringing down your score that you can easily address, such as an incorrect account balance you can dispute with the credit bureaus.

You may increase your odds of being approved for a $50,000 loan by adding a co-borrower with a higher credit score or annual income or pledging a valuable asset as collateral for a secured personal loan.

How to get a $50,000 personal loan

  1. Check your budget and credit. Determine what monthly payment you can afford, and whether your credit score meets lenders’ requirements. You can check your credit score for free on NerdWallet.

  2. Pre-qualify with lenders. Pre-qualification lets you check your likelihood of loan approval and preview your estimated rate, term and monthly payment — all with a soft credit pull, which doesn’t affect your score. Pre-qualify with multiple lenders to compare offers and find the best one.

  3. Submit a formal application. Once you’ve determined the best pre-qualified offer, you’ll complete a formal loan application. The lender may ask for documents like paystubs or tax returns to confirm the information you’ve provided. The lender will perform a hard credit check at this point, which can cause your credit score to dip by a few points.

  4. Read and sign loan documents and begin repayment. If your application is approved, you’ll get a loan agreement to sign. Make sure you understand all the fine print, including details about fees and consequences of missed payments. The lender typically disburses funds within a day or two of signing the documents, though the money may be sent the same day or take up to a week. The first payment is usually due about 30 days later.

Alternatives to a large personal loan

Depending on your purpose for borrowing the money, there may be cheaper alternatives than a personal loan.

Consider a home equity loan or home equity line of credit for home improvement projects. Rates are generally lower and repayment terms can be longer than personal loans, but the lender can take your home if you don’t keep up with the payments.

Look into debt management as an alternative to debt consolidation. With a debt management plan, you’ll work with a credit counselor to pay off your debt.

Ask about a payment plan with the doctor’s office or hospital for medical expenses your insurance doesn’t cover. The payment plan could have lower costs than a personal loan.

Last updated on July 1, 2025

Frequently asked questions

  • Credit score requirements vary from lender to lender; however, a good or excellent credit score (a score in the mid-600s or higher) typically gives you a better chance of qualifying for a large personal loan.

  • Many lenders don’t disclose income requirements, but you should have enough income to comfortably afford the monthly payments for the loan plus your other regular expenses. Use a personal loan calculator to estimate your monthly payments, and factor that into your budget. Include all sources of income, like side gig profits or alimony, on your personal loan application to boost approval odds.

  • Repayment terms are generally two to seven years. Shorter terms result in less total interest, so you’ll save money by opting for the shortest repayment term that gives you monthly payments you can manage. If you need lower monthly payments, you'll have a longer repayment term, and you'll pay more in overall interest.

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How we chose the best personal loans

Our team of consumer lending experts follows an objective and robust methodology to rate lenders and pick the best.

35+

Lenders reviewed

We review over 35 lenders, including major banks, top credit unions, leading digital platforms, and high interest installment lenders operating across multiple states.

25+

Categories assessed

Each lender is evaluated across five weighted categories and 27 subcategories, covering affordability, eligibility, consumer experience, flexibility, and application process.

70+

Data points analyzed

Our team tracks and reassesses hundreds of data points annually, including APR ranges, fees, credit requirements, and borrower tools, ensuring up to date, accurate comparisons.

Star rating categories

We evaluate more categories than competitors and carefully weigh how each factor impacts your experience.
Affordability

25%

We review lenders’ annual percentage rate offerings at least twice per year and the competitiveness of each lenders’ APR range. We also assess whether a lender charges an origination fee and any opportunity for borrowers to receive a rate discount.

Customer experience

20%

We consider the experience of the consumer trying to manage a personal loan, which means accessibility of customer service representatives, whether borrowers can choose and change their payment due date, and the ability to track their loan on a mobile app.

Underwriting and eligibility

20%

We consider the rigorousness of each lender’s underwriting practices and how widely available their loans are. This category includes whether a lender does a hard credit check before providing a loan, the range of credit profiles they accept and how many states their loans are offered in.

Loan flexibility

20%

We assess how flexible lenders can be with borrowers, including whether they offer multiple loan types, personal loan amounts and repayment term options and whether they offer direct payment to creditors on debt consolidation loans.

Application process

15%

We consider the lender’s full application process, including a borrower’s ability to preview their loan offer via pre-qualification, whether basic loan information such as APR range and repayment terms are available and easy to find online and how quickly a loan can be funded after approval.

5.0

Overall score

NerdWallet’s review process evaluates and rates personal loan products from more than 35 financial technology companies and financial institutions. We collect over 70 data points and cross-check company websites, earnings reports and other public documents to confirm product details. We may also go through a lender’s pre-qualification flow and follow up with company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer consumer-friendly features, including: soft credit checks to pre-qualify, competitive interest rates and no fees, transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to credit bureaus and financial education. Our ratings award fewer points to lenders with practices that may make a loan difficult to repay on time, such as charging high annual percentage rates (above 36%), underwriting that does not adequately assess consumers’ ability to repay and lack of credit-building help. We also consider regulatory actions filed by agencies like the Consumer Financial Protection Bureau. We weigh these factors based on our assessment of which are the most important to consumers and how meaningfully they impact consumers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for personal loans and our editorial guidelines.
To recap our selections...

NerdWallet's Best Lenders for a $50,000 Personal Loan in 2025