Best $50,000 Personal Loans in 2026
Yes, it’s possible to borrow $50,000 with a personal loan — here are your options and what you might pay
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Compare $50,000 personal loans
| Lender | User rating | Best for | APR | Min. credit score | See Results |
|---|---|---|---|---|---|
|
Lower rates with collateral (secured) | 5.99% to 29.99% | 620 | ||
|
No upfront fees | 6.09% to 17.99% (with autopay) | Not specified | ||
|
Better approval odds with peer-to-peer loans
Peer-to-peer loans come from individual investors (people) and are typically easier to get.
|
8.99% to 35.99% | 600 | ||
|
Same-day funding | 6.99% to 35.49% (with discounts) | 600 | ||
|
Discounts | 7.74% to 35.99% (with discounts) | 600 | ||
|
Bad or no credit | 6.30% to 35.99% | None |
Our experts reviewed more than 40 lenders and marketplaces based on the criteria that matter most to you. Rankings are reviewed and fact-checked monthly. See our full methodology below.
Best for: Lower rates with collateral (secured) – Best Egg
- APR
- 5.99% to 29.99%
- Amount
- $5k – $50k
- Term
- 36 to 84 months
- Origination fee
- 1.49% – 8.99%
- Min. credit score
- 620
- Lower secured-loan rates
- Terms up to 84 months
- No home appraisal required
- Homeowners only
- Charges an upfront origination fee
- Fixture lien required
- $50,000 is the maximum
The low APR shown here is for Best Egg’s secured loan, not its standard unsecured personal loan. Homeowners can pledge built-in fixtures, such as cabinets or light fixtures, without getting an appraisal. Best Egg says this option carries an average APR discount of 20% compared with its unsecured loan.
There’s an upfront origination fee, and terms of four years or longer have a minimum fee of 4.99%.
Built-in fixtures serve as collateral for a Best Egg secured loan, but the lender will review your credit history and home equity for qualification purposes.
You must also meet the requirements below to qualify for a Best Egg loan:
- Age: Be of legal age to accept a loan in your state (usually 18)
- Citizenship: Be a U.S. citizen or permanent resident living in the U.S.
- Administrative: Have a personal checking account, Social Security number, email address and physical address
- Residency: Live in an eligible U.S. state (Best Egg operates in most states, with a small number excluded)
- Credit score: 620+
Best for: No upfront fees – PenFed Credit Union
- APR (with autopay)
- 6.09% to 17.99%
- Amount
- $600 – $50k
- Term
- 12 to 60 months
- Origination fee
- None
- Min. credit score
- Not specified
- No upfront origination fee
- No early payoff fee
- Rates discounted with autopay
- Membership is required
- Terms capped at 60 months
- $50,000 is the maximum
A $50,000 loan can come with a sizable upfront fee, but not at PenFed. It doesn’t charge an origination fee, so upfront fees won’t eat into your loan proceeds. There are no early-payoff penalties, either, and you can take up to five years to repay.
PenFed Credit Union doesn’t publish a minimum credit score. You’ll need to be a credit union member, but you can join when you apply.
To qualify for a PenFed loan, you must meet the following requirements:
- Membership: PenFed membership (anyone can apply)
- Administrative: Open a PenFed savings account with a $5 deposit; may need to submit documents to verify your identity and income
Best for: Better approval odds with peer-to-peer loans – Prosper
- APR
- 8.99% to 35.99%
- Amount
- $2k – $50k
- Term
- 24 to 72 months
- Origination fee
- 1.00% – 9.99%
- Min. credit score
- 600
- Can be easier to qualify with peer-to-peer lending
- Allows you to apply with another person
- Money in as soon as one business day
- Charges an upfront origination fee
- $50,000 is the maximum
Prosper is a peer-to-peer marketplace and allows co-applicants. A co-applicant with solid credit could help if your own credit or income isn’t quite enough to qualify, although approval is never guaranteed.
The catch: funding depends on investor commitments and Prosper’s origination fee can run Up to 9.99%.
To get a loan with Prosper, you must meet the following requirements:
- Age: Be 18 or older
- Administrative: Have a U.S. bank account and Social Security number
- Residency: Must live in an eligible U.S. state (Prosper operates in most states, with only a small number of states excluded)
- Credit score: 600+
Best for: Same-day funding – SoFi
- APR (with discounts)
- 6.99% to 35.49%
Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If SoFi is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum loan amount is $5,000. The average of SoFi Personal Loans funded in 2025 was around $32K. Based on loans funded from 1/1/2025-12/31/2025. Information current as of 10/02/26. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details. See SoFi.com/eligibility for details and state restrictions. Fixed rates from 6.99% APR to 35.49% APR. APR reflect the 0.25% autopay interest rate discount and a 0.25% member rate discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, operating from its Delaware branch, 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 10/02/26 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/eligibilitycriteria/#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 Discount: The SoFi 0.25% autopay interest rate reduction requires you to make monthly payments using SoFi’s automatic monthly deduction from a savings or checking account. The discount will discontinue and be lost when you do not have autopay enabled. You’re not required to set up autopay to obtain this loan. Member Rate Discount: To be eligible for an additional 0.25% interest rate reduction on a Personal Loan, you must, within 31 days of loan funding, either (1) meet SoFi Plus eligibility criteria, (2) receive an Eligible Direct Deposit into a SoFi Checking or Savings account, or (3) receive at least $5,000 in Qualifying Deposits into a SoFi Checking or Savings account. You must continue to meet at least one of the above eligibility criteria every 31 days to maintain the discount. See the SoFi Plus terms for details on SoFi Plus subscription. For more details on Eligible Direct Deposit or Qualifying Deposits, please see https://www.sofi.com/legal/banking-rate-sheet. Once you become eligible during the initial period, the discount will be removed or reinstated depending on whether the criteria have been met. Each time your loan is re-amortized, your monthly payment amount will change based upon the interest rate that was in place. SoFi reserves the right to modify or terminate this offer at any time for unenrolled participants. You are not required to meet these criteria to be approved for a loan.
- Amount
- $5k – $100k
- Term
- 24 to 84 months
- Origination fee
- 0.00% – 7.00% (optional)
- Min. credit score
- 600
- Same-day funding possible
- Loans up to $100,000
- Terms up to 84 months
- No required fees
- APR can reach 35.49%
If you need money fast, SoFi says you can get it the same day if you’re approved and sign the contract by 5:30 p.m. ET on a business day. That’s not a guarantee, however, and it excludes loans made through partner banks.
If you need more than $50,000, SoFi might be a good option for you, as its limits go up to $100,000. You can also choose whether to pay an origination fee, which affects your rate and how much money you get.
You must meet the requirements below to get a loan from SoFi:
- Age: Be the age of majority in your state (typically 18)
- Citizenship: Be a U.S. citizen, an eligible permanent resident or a non-permanent resident (a DACA recipient or asylum-seeker, for instance)
- Employment: Have a job or job offer with a start date within 90 days or have regular income from another source
- Credit score: 600+
Best for: Discounts – Upgrade
- APR (with discounts)
- 7.74% to 35.99%
- Amount
- $1k – $50k
- Term
- 24 to 84 months
- Origination fee
- 1.85% – 9.99%
- Min. credit score
- 600
- Multiple rate discounts
- Terms up to 84 months
- Joint applications available
- Charges an upfront origination fee
- $50,000 is the maximum
- APR can reach 35.99%
Upgrade gives qualified borrowers a number of different ways to reduce their rate. In addition to a discount for autopay, borrowers can lower their rate by using loan money to pay off other debt or by securing their loan with collateral, such as a vehicle or built-in home fixtures. These discounts can save a lot of money on a $50,000 loan.
Upgrade will deduct an origination fee of 1.85% – 9.99% from the proceeds, potentially lessening how much you save with discounts.
To qualify for a loan through Upgrade, you must meet the requirements below:
- Age: Be at least 18 years old (19 in some states)
- Citizenship: Be a U.S. citizen, permanent resident or live in the U.S. with a valid visa
- Administrative: Have a valid bank account and email address
- Credit score: 600+
Best for: Bad or no credit – Upstart
- APR
- 6.30% to 35.99%
- Amount
- $1k – $75k
- Term
- 36 or 60 months
- Origination fee
- Varies
- Min. credit score
- None
- No minimum credit score
- Loans up to $75,000
- Money in as soon as one business day
- May charge an upfront origination fee
- Only two term choices
- APR can reach 35.99%
Upstart is worth considering if you don’t have much credit history — in most states, there’s no minimum credit score. Income, employment and other information also factor into the decision.
Loans go up to $75,000, but repayment terms are limited to 36 or 60 months. Competitive rates are available for some borrowers, but those with lower credit may face a 35.99% APR, including possible origination fees.
Upstart has transparent eligibility requirements, including:
- Age: Be 18 or older
- Administrative: Have a U.S. address, personal banking account, email address and Social Security number
- Income: Have a valid source of income, including a job, job offer or another regular income source
- Credit-related factors: No bankruptcies within the last three years, reasonable number of recent inquiries on your credit report and no current delinquencies
- Credit score: None
How much does a $50,000 personal loan cost?
With a high APR, a $50,000 loan can get expensive quickly. Your payment will depend on factors like the rate you qualify for and your loan term. In general, the better your credit, the lower your APR — and the cheaper your loan.
Here’s a look at sample payments for a $50,000 personal loan by credit tier over 60 months:
See how much a $50,000 personal loan could cost
| Credit score range | Average APR* | Monthly payment | Interest | Total cost |
|---|---|---|---|---|
| Excellent (800 and above) | 15.75% | $1,209.27 | $22,556.27 | $72,556.27 |
| Very good (740-799) | 17.89% | $1,266.68 | $26,000.88 | $76,000.88 |
| Good (670-739) | 23.27% | $1,417.29 | $35,037.44 | $85,037.44 |
| Fair (580-669) | 27.79% | $1,550.46 | $43,027.76 | $93,027.76 |
| Poor (under 580) | 30.25% | $1,625.36 | $47,521.37 | $97,521.37 |
Calculate your $50,000 personal loan payment
Use LendingTree’s personal loan calculator to compare loan terms and estimate your monthly payment.
Who is most likely to qualify for a $50,000 personal loan?
With a loan this big, it helps if you have:
- Solid finances. A lender will look closely at your finances before approving a $50,000 personal loan. Your income, existing debts, payment history and the purpose of the loan all matter.
- Strong credit. Good or excellent credit helps, particularly if you’re hoping for a lower rate. But even a high score doesn’t guarantee that a lender will offer the full $50,000. You still have to show that you can afford the monthly payment.
- Low debt relative to income. A lower debt-to-income ratio (DTI) will generally help you qualify. This figure is simply your total monthly debt payments divided by your gross monthly income. The quickest way to improve your DTI is to pay down outstanding debt.
- A co-borrower or collateral. Using a co-borrower with a steady income and strong credit can boost your chances if your lender accepts joint applications.
- Collateral. Securing your loan with collateral, such as a vehicle or home furnishings, can also help you qualify for certain loans, although this can also put your assets at risk if you can’t afford your payments.
How to get a $50,000 personal loan
1. Start with the payment. Look at your current debt payments and calculate whether you can afford another large bill in your monthly budget. If you can’t afford the payments on a $50,000 loan, consider whether a smaller loan might make sense.
2. Shop around. Most lenders allow you to prequalify using a soft credit check, so you can typically compare possible rates without dinging your credit score.
3. Look beyond the monthly payment. Compare rates, terms and origination fees. An upfront fee typically comes out of your loan money — so borrowing $50,000 could mean getting less than $50,000 in your bank account. Learn more about how to compare loan offers.
4. Apply for the offer that works for your budget. Expect to verify your identity, income and bank information. A final application typically involves a hard credit pull. Read your loan agreement and make sure you understand it before signing.
Save money and time by comparing real offers with LendingTree
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When does a $50,000 personal loan make sense?
Borrowing $50,000 can work for a big, specific expense, as long as the payments fit your budget. Here are common uses for a $50,000 loan:
- Debt consolidation: A $50,000 personal loan may fit when it replaces multiple high-interest debts with a cheaper, fixed-payment loan and helps you pay off the balance on a defined timeline.
- Major home improvements: A large loan can work for a significant renovation or repair when you don’t want to use your home as collateral with a home equity loan or HELOC.
- Other major expenses: You should have a specific purpose, know the full cost and only borrow as much as you need and can afford to pay back — even if it’s less than the full $50,000.
Alternatives to consider
A personal loan isn’t your only option when it comes to paying for a large expense. In addition to shopping around for personal loans, you should explore other sources of funding by comparing the total costs.
| Alternative | Best for | Tradeoffs |
|---|---|---|
| Home equity loan or HELOC | Homeowners with equity who want lower rates | Risk losing home, HELOC rates and payments may change over time |
| Debt management plan | People who need help paying off unsecured credit card debt | No new cash, may require closing credit accounts, repayment terms vary |
| Auto loan | Car buyers | Could lose car if you stop making payments, money can only go toward car expenses |
| Savings, a payment plan or a phased project | People whose expenses are planned, flexible or can be completed in stages | Delayed project or purchase |
How we chose the best $50,000 personal loans
We reviewed more than 40 lenders and loan marketplaces that offer personal loans to determine the overall best six lenders. LendingTree reviews and fact-checks our top lender picks on a monthly basis.
We assessed each lender across four categories: eligibility and access; cost to borrow; loan terms and options; repayment support and tools.
Our categories
We assess how easy it is for people to qualify and apply. This includes state availability, soft-credit prequalification, membership requirements, funding speed and whether borrowers with less-than-excellent credit can get a loan.
We evaluate how affordable the loans are based on minimum and maximum APRs, loan fees and rate discounts. Lenders with unclear or potentially predatory costs receive lower scores.
We consider repayment term flexibility, loan amount ranges and whether options like secured loans, joint loans or direct-to-creditor payments are offered — plus whether the lender clearly communicates these options.
We evaluate borrower experience after funding: customer service access, hardship or forbearance programs, payment flexibility and digital tools like mobile apps or credit monitoring.
Our process
We gather data directly from lenders through their websites, disclosures and direct communication with company representatives. Our editorial team verifies and updates information regularly. We value transparency and award less favorable scores when lenders obscure or omit details.
Our editorial team applies the same scoring model and standards to every lender. Lenders cannot pay to influence our ratings. Read more about our editorial guidelines.
According to our systematic rating and review process, the best $50,000 personal loans come from Best Egg, PenFed Credit Union, Prosper, SoFi, Upgrade and Upstart.
Why trust LendingTree’s methodology?
Our writers and editors dig through the facts, contact lenders directly and even go through the application process ourselves if it helps better explain what you can expect. As a Certified Financial Education Instructor℠, I’m committed to breaking down complex financial details so people can make confident, informed decisions with their money.
Jessica’s experience in editing and financial education helps shape LendingTree articles that are clear, accurate and truly useful to readers. Her certification means our recommendations are built on a foundation of consumer-first financial knowledge — not just numbers.
Frequently asked questions
It depends on the APR and how long you take to repay the loan. A $50,000 loan with a 15.75% APR over five years would cost about $1,209 a month. If the APR is 30.25%, the monthly payment jumps by more than $400 a month to roughly $1,625. Use the LendingTree personal loan calculator to estimate your payment.
Every lender sets its own income criteria. Ultimately, lenders are evaluating whether you can afford the monthly payment, which can be high for a $50,000 personal loan. Even if you have a high salary, a large amount of outstanding debt could make it tougher for you to qualify than someone who earns less but is debt-free.
A $50,000 personal loan is harder to get than a smaller loan. The monthly payment on a $50,000 loan can easily exceed $1,000, and lenders need to verify that you can afford these expensive payments on an ongoing basis. A solid credit score, reliable income and a low debt-to-income ratio can all help.
It’s possible, but $50,000 is a large request for someone with bad credit. In some cases, lenders may approve you, but for a smaller amount. If you qualify, you’ll likely get higher rates, so make sure you can afford the monthly payments.
Learn more about what credit score you need for a personal loan.