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Get a $35,000 personal loan

Compare rates and prequalify for a $35k loan with top lenders.

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Anna Serio

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Finder rating

★★★★★

Min. credit score

640
Disclaimer
*Trustpilot TrustScore as of December 2022. Best Egg loans are personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, N.A., Member FDIC, Equal Housing Lender. The Best Egg Credit Card is issued exclusively by First Bank & Trust, Member FDIC, Brookings SD pursuant to a license by Visa International. Visa is a registered trademark, and the Visa logo design is a trademark of Visa International Incorporated. “Best Egg” is a trademark of Best Egg Technologies, LLC. Offers may be sent pursuant to a joint marketing agreement between Cross River Bank, Blue Ridge Bank, N.A. and/or First Bank & Trust and Marlette Marketing, LLC, a subsidiary of Best Egg, Inc.

The term, amount, and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. About half of our customers get their money the next day. After successful verification, your money can be deposited in your bank account within 1-3 business days. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000– $50,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; Ohio, $5,001; and Georgia, $3,001.

For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $100,000. Annual Percentage Rates (APRs) range from 8.99%–35.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–8.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. For example: a 5‐year $10,000 loan with 9.99% APR has 60 scheduled monthly payments of $201.81, and a 3‐year $5,000 loan with 7.99% APR has 36 scheduled monthly payments of $155.12. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Best Egg products are not available if you live in Iowa, Vermont, West Virginia, the District of Columbia, or U.S. Territories. TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL–Operations Manager, Email: crt-resolutions@bestegg.com, Address: P.O. Box 42912, Philadelphia, PA 19101, Phone: 1-855-282-6353. This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website https://www.rld.nm.gov/financial-institutions/

For fast funding

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Finder rating

★★★★★

Min. credit score

300

No fees required

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Finder rating

★★★★★

Min. credit score

680
Disclaimer
Fixed rates from 8.99% APR to 29.99% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 3/06/23 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive. Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi. Direct Deposit Discount: To be eligible to potentially receive an additional (0.25%) interest rate reduction for setting up direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A. or eligible cash management account offered by SoFi Securities, LLC (“Direct Deposit Account”), you must have an open Direct Deposit Account within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled payroll direct deposits of at least $1,000/month to a Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion. This discount will be lost during periods in which SoFi determines you have turned off direct deposits to your Direct Deposit Account. You are not required to enroll in direct deposits to receive a Loan.

Use our table to compare lenders that offer $35,000 loans. Select your state, credit score range, amount and purpose to compare options available to you. Check Compare for up to four providers for a side-by-side comparison and hit Go to site to check your rate.

1 - 5 of 5
Updated regularly
Name Product USFPL Filter Values APR Min. credit score Loan amount
Best Egg personal loans
Finder Score: 3.8 / 5: ★★★★★
Best Egg logo
7.99% to 35.99%
640
$2,000 to $50,000
Fast and easy personal loan application process. See options first without affecting your credit score.
Go to siteView details
Upstart personal loans
Finder Score: 4.2 / 5: ★★★★★
Bankrate logo
7.40% to 35.99%
300
$1,000 to $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
Go to siteView details
SoFi personal loans
Finder Score: 4.4 / 5: ★★★★★
Bankrate logo
8.99% to 29.49% fixed APR
680
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no required fees.
Go to siteView details
Upgrade
Finder Score: 4 / 5: ★★★★★
Upgrade logo
9.99% to 35.99%
580
$1,000 to $50,000
Check your rates with this online lender without impacting your credit score.
Go to siteView details
LendingPoint personal loans
Finder Score: 3.3 / 5: ★★★★★
Bankrate logo
7.99% to 35.99%
Not stated
$2,000 to $36,500
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
Go to siteView details
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How to get a $35,000 loan

Ready to apply for a $35,000 loan? Follow these five steps:

  1. Calculate what you can afford. Find out what rates and terms give you monthly payments within your budget using the above calculator and let the data guide your search for a loan.
  2. Research your options. Before doing a hard comparison, look for lenders that offer this amount. Do you have $35,000 in debt? You might want to look at lenders that specialize in debt consolidation. Not sure you’ll get a great deal on your own? Consider lenders that accept cosigners or allow you to back your loan with collateral.
  3. Compare lenders. In addition to comparing rates and terms on your $35,000 loan, look at other features that might be important to you, like speed and prepayment options, to narrow down your list of potential lenders. Also, make sure you meet the eligibility criteria — some have a minimum credit score or income requirements. And some might not be available in your state.
  4. Prequalify. Most lenders allow you to check what rate you might qualify for by filling out a quick online form based on a soft credit pull. This can help you make a more accurate cost comparison to find a good deal. If you find a lender you’re interested in on one of our tables, you can get started by clicking the “Go to site” button. Just remember you might not get the rates you prequalified for when you complete the full application.
  5. Apply. If you like one of the loans you’ve been preapproved for, follow the lender’s instructions to submit documents and complete the application. You can typically get your decision as soon as the next business day if you apply online.

Step-by-step instructions to apply for a personal loan

How to qualify for a $35,000 loan

Typically, you need to meet the following requirements to qualify for a $35,000 loan:

  • Have good to excellent credit. You typically need to have a credit score of 670 minimum to qualify for a loan of this amount.
  • Have a low DTI ratio. Your debt-to-income (DTI) ratio shows how much money you have available each month after paying your bills. While most lenders won’t work with you if you have a DTI over 43%, you’ll likely need a DTI closer to 20% to get a $35,000 loan. Learn your DTI using our calculator.
  • Be employed. While there are loans for people who receive funds from other types of income, you’ll typically need a full-time job to get this amount — and it might be hard to qualify if you work for yourself.
  • Be a US citizen or permanent resident. While there are options for nonresidents, lenders like Stilt tend to have maximums lower than $35,000. You might have to find a qualified cosigner to get a loan of this amount.
  • Be the age of majority. In most states, you must be 18 or older to take out a loan. You must be 19 in Nebraska and Alabama, and 21 in Mississippi.

How to increase your chances of approval

Improving your credit score and making sure you have enough available income are two of the better ways to increase your approval odds.

Knowing your credit score and debt-to-income ratio can also help you narrow down the lenders you want to apply with, saving you time and energy.

Can I get a loan for $35,000 with bad credit?

To qualify for a $35,000 loan, you typically need to have good to excellent credit.

Before you apply, check your credit score. If it’s lower than expected, there are steps you can take to correct any errors on your report and potentially bolster your score. Or, consider signing up for credit repair.

Because a $35,000 loan is on the higher end of what most lenders offer, you generally need stellar credit and a low debt-to-income (DTI) ratio to qualify for an unsecured loan on your own. If you’re not sure you’re eligible, you might want to consider a secured loan or apply for a personal loan with a cosigner.

How much does a $35,000 loan cost?

Personal loans of $35,000 typically come with lower rates than smaller loan amounts — which usually ranges from 6% and 36%. You may also need to pay an origination fee, which can sometimes run as high as 10%. Lenders either deduct the origination fee from your loan amount or add it to the loan balance you owe at closing. If you apply for a loan with an origination fee, ask your lender how it applies that fee. Otherwise, you might not receive the full $35,000 you applied for.

Your loan term also affects the total and monthly cost of your loan. Personal loan terms typically range from three to seven years, with long terms giving you a lower monthly cost but higher total cost than short terms.

Your bank account may take a more noticeable hit from a loan with a short term, but a longer term may not offer as many monthly savings as you expect. That’s because many lenders charge higher APRs for the longer the loan term. To lower the total cost of the loan, consider going for the shortest term you can afford.

Calculate your monthly payment on a $35,000 loan

Use our loan repayment calculator to see how much a $35,000 loan may cost you based on its loan term and interest rate.

$35,000 loan repayment calculator

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How to get a low rate on a loan

A good credit score is key to getting a low rate on a personal loan. Not only can your creditworthiness make or break your approval odds overall, but it’s also the key factor in what interest rates you can qualify for.

Here are some ways to boost your chances of nailing down a low rate:

  • Raise your credit score. Sounds daunting, but there are many different ways to go about credit repair or credit building. Read our guide that lists 16 ways to improve your credit score.
  • Find a cosigner. If you apply with a lender that allows a cosigner, having one on the loan application adds more security for the lender and could help you qualify for a lower rate than applying by yourself. Find yourself a cosigner with a high credit score for better odds of qualifying for a low rate.
  • Consider a short loan term. Shorter loans tend to come with lower interest rates, so if you can afford a shorter loan, it can mean fewer interest charges and a lower rate.
  • Rate shop. This tactic involves applying for the same type of credit within 14 days. By applying for a personal loan with multiple lenders within two weeks, only one hard inquiry impacts your credit score, letting you compare many options without severely damaging your credit.

How to pay off $35,000 in debt

A $35,000 loan sounds like a big mountain to climb — and you’re not wrong. For loans of this size, it’s often a multi-year loan which feels like a huge commitment. On top of that, over time you may find yourself in a different financial situation toward the end of the loan.

If you’re worried about repaying the loan, know that there are multiple repayment tactics to consider:

  • Refinancing. If you need the loan now but you can’t get the low interest rate you want, then refinancing later on could be the answer. Refinancing involves paying off the original loan and replacing it with a new loan, and most people do this to get more favorable terms, such as a lower interest rate and lower payment.
  • Debt consolidation. While most popular with credit cards, debt consolidation is when you combine multiple accounts into one. It can be a convenient debt relief strategy because you have fewer monthly payments to worry about, and if you can manage it, the large consolidation loan could have a lower interest rate, saving you money over time.
  • Paying off the loan early. There are many ways to pay off your loan early. You could make one extra payment each year or even round up your monthly payment each month. The faster you pay off a personal loan, the more you can save on interest charges.
  • Payment splitting to reduce interest. This tactic involves paying half of the payment 15 days before the due date, then paying the remaining half on the due date — this reduces interest charges without shelling out extra cash.

Alternatives to personal loans

Personal loans are great for consolidating debt or investing in home improvements. But you may want to also consider a home equity line of credit or if you own a home and are looking for lower rates. Personal lines of credit may also be a better option for financing ongoing projects — or to have on hand as an alternative to a credit card. For more information on these loans and four more options, see our full guide on personal loan alternatives.

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Editor

Anna Serio was a lead editor at Finder, specializing in consumer and business financing. A trusted lending expert and former certified commercial loan officer, Anna's written and edited more than 1,000 articles on Finder to help Americans strengthen their financial literacy. Her expertise and analysis on personal, student, business and car loans has been featured in publications like Business Insider, CNBC and Nasdaq, and has appeared on NBC and KADN. Anna holds an MA in Middle Eastern studies from the American University of Beirut and a BA in Creative Writing from Macaulay Honors College at Hunter College, CUNY. See full bio

Anna's expertise
Anna has written 181 Finder guides across topics including:
  • Personal, business, student and car loans
  • Building credit
  • Paying off debt
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