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$100k Personal Loans For Good & Bad Credit

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$100,000 Loans

Where can you get a $100,000 personal loan? Great question!

We’re here to help you learn all about securing a $100,000 personal loan. For starters, banks, credit unions, and online lenders can offer personal loans.

The source you choose can depend on your credit score and how quickly you need the funds. Online lenders can be the easiest to qualify for a personal loan with.

In most cases, online lenders can get you the money within 24 hours on approved loans. To top it all off you can apply for a personal loan with an online lender from the comfort of your own home.

Personal loans can be used for just about anything. Most commonly, they are used for home financing improvement projects, debt consolidation, and unexpected expenses.

Check offers today for a $100,000 loan with no impact to your credit score, no matter what you need the funds for!

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What are the best $100k loans today?

Qualifying for a $100,000 loan, even with collateral, may take some preparation. In order to qualify for the best $100,000 loan possible, invest some time to look inward and review your credit position. You may even want to use a loan payment calculator to estimate payments. Ensuring you can afford to repay the loan is an important part of the process. In general, there are two types of loans: Secured and Unsecured

When borrowing larger amounts such as $100,000 a secured loan may work better. Regardless of the direction you choose to go, you will need to qualify for the loan. Ultimately what you qualify for and what your needs are will weigh on what the best option truly is. We encourage you to enjoy the process and dedicate the time to make a sound financial decision. Additionally, we want to emphasize the importance of working with a reputable lender. While they are a business, you will be tied to them until your loan is repaid. You will want to work with a lender that offers good customer service, user-friendly portals, and is overall easy to work with. Keep this in mind before accepting an offer, as you may want to further your research to learn more about the lender. Some of us get excited about the possibility that lies ahead of a prequalified loan offer. While this is normal and it’s exciting, do your research. 

How do you compare $100k personal loans today?

When it comes to choosing a $100,000 loan you will want to understand your options. The larger the loan amount, the more the loan will likely cost. Additionally, you will want a repayment structure that works for your budget. Before comparing personal loan offers, you should determine if a personal loan best meets your needs. Or, at the very least understand that other options exist. Part of this determination may include checking offers to see if you qualify, what payments are like, and so forth. At Acorn Finance, you can check personal loan offers up to $100,000, depending on credit score. Checking offers does not impact credit score, nor does it require you to leave the home or office. This can be a smart way to start the process while making the best financial decisions possible. 

Personal loans are installment loans that are typically not backed by collateral (unsecured loan). They can be used for various things such as home repairs, bathroom remodels, pool installation, education, emergencies, and more. 

While a personal loan can offer fast funding and flexibility, there are other types of loans to consider. At Acorn, we want to empower consumers with options. Here are some other types of loans that might be on your radar:

  • Personal loans (unsecured): Personal loans are popular due to their generous loan amounts, fast funding times, and convenience. With few spending restrictions, you can use a personal loan for several things. Additionally, a personal loan usually does not require collateral. Often used for home improvements or repairs, personal loans can also be used for debt consolidation, funeral financing, wedding financing, and more. 
  • Home improvement loan (unsecured or secured): From converting your basement into an extra room or office to landscaping your yard for the summer, creating a more livable space can improve your life. Additionally, it can increase the value of one of your best assets. Whether you are a homeowner or renter, you can use a home improvement loan to make home improvements or repairs. Without a collateral requirement, this can be an attractive option. At Acorn Finance, our network of lending partners specialize in home improvement loans. Check offers up to $100,000, depending on credit score today.
  • Home equity loan: Home equity loans are secured by your home. To qualify, you will need to have equity in your home, usually about 20%. Home equity loans are obtained for a variety of reasons from financing education or investing in home repairs. With real estate being a valuable asset, lenders can offer competitive offers for home equity loans as they can end up working in their favor, whether the borrower defaults or holds up their end of the deal. 
  • Home equity line of credit: Similar to a home equity loan, a home equity line of credit is secured by your home. To qualify, you will need equity in your home. A home equity line is similar to a credit card with a high spending limit. It’s a revolving line of credit that you can draw on as needed. You will only be required to repay what you borrow, with interest. For ongoing expenses, such as paying for your child’s education, or funding a business, a home equity line of credit can come in handy.

What are $100k loans?

How do $100k personal loans work?

Personal loans are an installment loan. Here’s a breakdown of how they work:

  1. Get prequalified

The first step toward getting a personal loan is getting prequalified. This step usually entails submitting information to a lender or lending platform to receive a preliminary offer. Some lenders can offer a prequalified offer without pulling your credit (hard credit pull). Therefore, you can get prequalified without impacting your credit score. 

  1. Offer acceptance

Once you’ve found an offer you want to move forward with, you can accept the offer. At this time the lender may request additional information and or require you to agree to a hard credit pull.

  1. Underwriting 

Underwriting is the process the lender goes through to verify your information. 

  1. Approval

Once the lender has successfully verified your information and assets, your loan can be approved. 

  1. Funding

Receive funds in as little as 1-2 business days, although funding times can vary.

  1. Repayment

Repayment periods should be predetermined, so make sure you know when your first payment is due. Some lenders may offer discounts for setting up autopay for your loan. 

When are $100k loans worth it?

Taking out a $100,000 loan deserves careful consideration. If the loan can help you get ahead or work to improve the value of an asset, such as your home, it may be worth it. Another common use for a $100,000 loan is to convert or add living space to your home. This can be worth it as well. Consider your needs and review your options. 

List pros & cons of $100k personal loans:


  • Fixed monthly payments
  • Funding in as little as 1-2 business days (although funding times may vary) 
  • Funded as a lump sum 
  • Few spending restrictions
  • Marketplace of lenders to consider 


  • Interest rates and fees
  • Risk of default 
  • Credit score impact 
  • Increase in project costs 
  • Increases debt 


Why choose Acorn Finance for comparing $100k personal loans?

WHen it comes to a $100,000 personal loan, few lenders offer personal loans of this size. While fewer options may sound like a negative, it can work as a positive. Chances are if you can qualify for a $100,000 personal loan, you’re a well-qualified borrower. Therefore, lenders will be even more eager to earn your business. Less options can make the process less overwhelming, as can working with Acorn Finance to check offers. 

Acorn Finance, we work to streamline the process of checking personal loan offers with our safe and secure platform. At Acorn Finance, you can check rates in seconds with no credit score impact. Take advantage of our convenient portal with vetted and trusted top lending partners. With well-known names, you can expedite your way to finding the right $100,000 dollar personal loan. 

Additionally, we eliminate the frustration of sifting through the internet, verifying lenders, and researching for hours. Whether you are ready to take out a loan today or just shopping around - you have everything to gain by checking offers at Acorn. While we specialize in home improvement loans, we can assist with personal loans too. 

We take the overwhelming process of shopping loan offers and bundle them up into a nutshell (no pun intended). 

Pros and cons of lenders $100k Personal Loans:

At Acorn Finance we partner with top national lenders, some of which can offer personal loans up to $100,000 depending on credit score. Here’s an overview of some of our lending partners and beyond. 

How can I get a large $100,000 personal loan?

Most lenders offer personal loans up to $100,000 with repayment terms up to 12 years. If you have a credit score of 690 or higher your chance of approval may be higher. However, personal loans are available for good and bad credit types. Once you are approved and know your interest rate you can calculate your monthly payment. Personal loans usually have fixed interest rates meaning the rate and minimum payment should not change during the loan. This makes it easy to calculate a comfortable payment and know how long it will take you to repay your loan. In most cases, collateral or a down payment is not required to secure a personal loan. So how do you qualify for a personal loan? Qualifying for a personal loan is much easier than you may think. Keep reading to learn more about qualifying for a personal loan.

How to Get a $100,000 Loan

#1. Check your credit score

While most lenders prefer good to excellent credit scores, some lenders specialize in helping borrowers with bad credit. Whether you are applying for a personal loan or not, you should monitor your credit score. Many free apps allow you to view your credit score and open accounts and balances. They can also provide tips on how to increase your credit score. Sometimes something as simple as decreasing your balance on one credit card or rolling part of the balance to another card can increase your score.

#2. Pay down debt

The better your credit score, the more likely you are to be approved for a higher personal loan amount at a better rate. If you are not in a huge hurry to secure a personal loan you should pay down some old debt to increase your credit score. If your credit score and debt to income ratio is in good health you can probably skip this step.

#3. Prove steady and stable income

In some cases, you may be required to submit proof of income. It's important to make sure the income amount on your application matches your actual pay stubs or tax returns. Most lenders have you submit gross income on your application. If you aren't positive what your gross income is, take the time to calculate it before submitting your application.

#4. Use a creditworthy cosigner

If you cannot qualify for a personal loan on your own you may be able to apply or reapply with a cosigner. Most lenders prefer that the cosigner is a parent or someone that lives with you. They also prefer a cosigner with a solid credit history. Requirements can vary lender to lender so if you have questions you should contact the lender directly.

#5. Select the right lender

Requirements for personal loan approval can vary depending on the lender you choose. This means that one lender may require a credit score of 650 or higher while another lender may require a credit score of 590 or higher. Just because one lender denies your loan does not mean you should give up. However, you should avoid applying individually with multiple lenders and getting denied multiple times. This can impact your credit score. Acorn Finance provides a secure platform that allows you to submit one application that does not affect your credit score. Within seconds you can receive multiple personalized personal loan offers. This allows you to compare and select the offer that is best for you!

Can you get a $100,000 personal loan?

Borrower's can be approved for $100,000 personal loans. However, just like any loan the lender will want to be sure that you can afford the monthly payment. To increase your chance of approval for a $100,000 personal loan you should have a good to excellent credit score, no recent history of bankruptcy, stable debt to income ratio, and consistent income. Most likely, your income will need to be enough to cover regular expenses plus the monthly payment for the personal loan.

What is the monthly payment on a $100,000 personal loan?

If you take a $100,000 personal loan with a 12 year term and a 6.99% interest rate your monthly payment should be around $925. If you take the full 12 years to repay the loan you will incur about $33,112 of interest. If you can pay more than the minimum due every month, even if it's just 10% more, you can save a lot on interest. If you increase your monthly payment by 10% you can save about $4,200. If you increase your monthly payment by 20% you can save about $7,464.

How fast can you get a $100K personal loan?

On approved loans, some lenders can transfer funds as soon as 24-hours. The lender, loan size, and risk of the loan can impact how long it takes for the final approval to be issued.

How to get a $100K personal loan with bad credit?

In most cases, you will not qualify for a loan of $100,000 if you have bad credit. Since $100,000 loans are a very large amount of money, lenders will want to make sure you are trustworthy and not a risky borrower before they agree to give you a loan of this size.

Lenders will look for borrowers who have good credit at the very least, but usually, they want borrowers who have excellent credit. If you are worried about your credit, you can try to find a lender who gives loans to fair credit borrowers. This is a great way to find the lending options you need. Always make sure to check the terms and conditions though. Lenders who give loans to people with fair or bad credit will usually give loans with very high interest or high APR.

If you do not have a cosigner and can only qualify for a loan with a high APR, you may be best off investing a few months or more into rebuilding your credit score. Loans with high interest and high APR can take a very long time to pay back and may end up making your finances burdensome.

Before taking out a high-interest loan, look at your other options. These may include getting a cosigner for a lower interest loan or getting a secured loan where you use collateral to help you get the loan you need.

How do you get a $100K personal loan with bad credit?

Borrowing $100,000 is a big commitment, regardless of your credit score. Some borrowers may think they have a bad credit score, but they actually don't. One of the best steps to take before applying for any loan is to check your credit score. You can request a copy of your credit report or download a credit monitoring app such as Credit Karma. Keep in mind that credit monitoring apps may not provide an exact credit score but they should give you a ballpark estimate. Once you know what your credit score is, you can work on shopping for the right lender. At Acorn Finance you can check personal loan offers between $1,000 to $100,000, depending on credit score. Checking offers at Acorn Finance does not impact your credit score and can save you tons of time.

You can also shop around for online lenders to find their minimum requirements and see if you match them. Online lenders are often easier to work with than banks or credit unions. If you have a bank that you have an account with and you enjoy working with them, you can always check with them as well to see what their requirements are for getting loans.

Remember that bad credit is considered to be under 580. Fair credit might give you a few more options when it comes to lending. Fair credit ranges will be 580-669. Online personal loans are some of the best ways to get loans with bad credit. Online lenders may be willing to take more risk as they usually have less overhead.

You can also use direct lenders for bad credit personal loans. These usually include banks and credit unions. If you have bad credit, it's best to apply to direct lenders that are willing to do business with credit-challenged borrowers.

What is the minimum credit score for a $100K personal loan?

This will depend on the lender and the company you are working with. Some lenders will be willing to work with people who have bad credit and others will be more strict. Most lenders will want you to have a credit score of 720 or higher. However, just because a lender is willing to work with you and your credit score doesn't mean they will give you the best interest rates and terms.

High interest and high APR are common when it comes to borrowing with fair or poor credit. It's why many borrowers decide to work with a lender that will allow them to use collateral or a co-signer to secure a loan. While this might not be the most ideal loan condition, it is sometimes better than getting a loan with high interest.

Before choosing a lender, always shop around and try to find the best one. If you can't find a lender that will work with you, you might have to spend some time raising your credit score before you apply for loans. This might take a few months, but it will be worth it to find a loan with lower interest.

Spend time comparing interest and lenders. Make sure not apply to too many lenders at one time or you risk getting too many hard pulls of your credit. This can cause your score to drop several points.

What lenders provide $100K personal loans for bad credit?

Lenders that provide $100,000 personal loans for bad credit borrowers are scarce. Unless you have collateral or substantial income, it's unlikely that you will be able to secure a $100,000 personal loan with bad credit. While you may qualify for a lower amount, you will likely have to pay high interest rates, APRs, and fees. Always make sure you check the terms and conditions before you take out a loan of any size. While the requirements of every lender differ and you will need to check with them individually, here are some of the lenders who provide the best loans for those with bad credit:

  • Upstart: Upstart considers several factors in addition to credit score. These factors include, education, job history, and income. So, if you have bad credit or poor credit, you might still qualify for lending if you make a good income and have a solid job history.
  • OneMain Financial: OneMain Financial is open to working with poor or bad credit borrowers. Higher loan amounts might require collateral though.
  • Upgrade: Upgrade has a minimum credit score requirement of 580. This makes them a solid option if you are worried about finding lending with bad credit.
  • LendingClub: A cosigner can increase your chance of approval. At LendingClub you can apply for any available loan amount with a cosigner.
  • SoFi: SoFi is a lender you may have heard of before as they offer several different services. If you need a personal loan for debt consolidation and have bad credit, you may want to try using SoFi for a debt consolidation loan.
  • Lightstream: Lightstream can offer low-interest loans to people with poor credit if they need home improvement loans or personal loans. Not everyone will qualify for $100,000 though.

What is considered bad credit when looking for a $100K personal loan?

Getting a loan when you have bad or poor credit can be hard. It might also be frustrating and discouraging if you have been denied financing in the past. When you are looking for $100,000 personal loans you will probably need a credit score of at least 720. At the very least, you will need a score of 670.

Anything less than 670 will likely be considered bad credit when it comes to lenders that offer $100,000 loans. However, every lender is different. If you have a high income and low debt-to-income ratio, lenders might be willing to give you a loan even if your credit is more on the fair end.

If you don't have good to excellent credit, lenders will consider you to be a risky borrower. Taking steps to raise your credit score is one of the best ways to get the loan that you need.

Good credit typically starts at 670. Having a credit score less than 670 is not the end of the world though. You might still qualify for a loan but it may be a stretch to qualify for a $100,000 personal loan.

Best Options For A $100K Personal Loan

Member owned credit unions can offer some of the lowest rates for personal loans. However, they can also have some of the strictest criteria for qualifying. Compared to banks and online lenders they are much more conservative when it comes to lending money... especially money that is not secured by an asset. If you are looking for more lenient requirements and a fast and easy approval process you should try using an online lender for a personal loan.

How can I get a $100,000 personal loan fast?

The fastest way to qualify for a $100,000 personal loan is usually online. Some online lenders approve loans instantly and release funds within 24 hours on personal loans. Apply for a $100K personal loan through Acorn Finance today to see multiple offers from lenders with no impact to your credit score.

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$100K Personal Loan Calculator


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What can I do with a $100,000 personal loan?

A $100,000 personal loan has a number of uses, including (but not limited to):
Home improvement Buying a car Wedding costs
Debt consolidation Medical bills Startup business costs

Still have questions?


Best for home improvement loans 

Minimum qualifications: 

  • Minimum credit score requirement of 660 or above 
  • Minimum income requirement of $50,000/year


  • No origination fees
  • Funding as soon as one business day on approved loans, although funding times can vary
  • Competitive loan offers
  • Allows co-signer
  • Large personal loans available 
  • Flexible repayment periods up to 12 years


  • Strict qualification requirements
  • No access to pre-qualify through the LightStream website (When applying directly, you can get pre-approved but not pre-qualified, therefore, you may be subject to a hard credit pull. To get pre-qualified with LightStream, check offers through Acorn Finance to see if you qualify.)
  • No direct payment to creditors for debt consolidation loans


Best for online personal loans for borrowers with next-to-perfect credit

Minimum qualifications:

  • Minimum credit score requirement of 680 or above 
  • Minimum income requirement of $50,000/year


  • Flexible loan amounts and repayment terms
  • No origination fees
  • Competitive interest rates
  • Funding as soon as one business day on approved loans, although funding times can vary
  • Allows cosigner applications
  • Unemployment protection available


  • High credit score requirement
  • Approvals may take 3 days or more

Best Egg

Best for personal loans for borrowers with fair credit 

Minimum qualifications:

  • Minimum credit score requirement of 600 or above 
  • No minimum income requirement 


  • Fair credit scores can qualify
  • No minimum income requirement
  • Same or next day funding available, although funding times can vary


  • Not available in some states
  • Origination fees between 0.99% and 6.99%
  • Higher APRs


Best for peer-to-peer loans

Minimum qualifications:

  • Minimum credit score requirement of 600 or above 
  • No minimum income requirement 


  • Low threshold for credit score
  • No minimum income requirement
  • Flexibility to change payment dates
  • Offers peer-to-peer lending


  • Long funding times
  • Origination and late fees may apply
  • No rate discount for autopay is available
  • Restrictive repayment periods
  • Funding may take about 5 business days 


Best for bad credit personal loans 

Minimum qualifications:

  • Minimum credit score requirement of 560 or above 
  • No minimum income requirement


  • Low credit score requirement
  • No early payoff penalty
  • Joint applications allowed
  • Funding as soon as one business day on approved loans, although funding times can vary


  • Origination fees between 2.9% to 8%
  • Higher APRs, especially for subprime borrowers

Axos Bank

Best for refinancing existing personal loan

Minimum qualifications:

  • Minimum credit score requirement of 700 or above 
  • Minimum income requirement $48,000/year


  • Low origination fees
  • Mobile app to manage loans
  • Fast funding times
  • Funding as soon as one business day on approved loans, although funding times can vary


  • High credit score requirement
  • Origination fee up to 2%

OneMain Financial

Best for borrowers with less-than-perfect credit who need fast funding for a personal loan

Minimum qualifications:

  • Minimum credit score requirement of 600 or above 
  • Minimum income requirement $7,200/year


  • Low credit score requirement
  • Offers secured loan option
  • Low income requirement
  • Flexibility to choose your payment date
  • Fast funding times


  • High interest compared to similar lenders
  • Origination fee between 1% – 10% (or flat fee up to $500 depending on state)


Best for fair credit personal loans with fast funding

Minimum qualifications:

  • Minimum credit score requirement of 600 or above 
  • Minimum income requirement $30,000/year


  • Low origination fees
  • Relaxed credit score and income requirements
  • Same or next-day funding is available, although funding times can vary


  • No joint applications
  • High loan costs
  • Short repayment periods 


Check rates from these top lenders and more at Acorn Finance!


Lenders outside the Acorn network to consider:


Lending USA

LendingUSA is best for one-time purchases or uses, such as cosmetic surgery financing, pet financing, funeral financing, and more. LendingUSA offers loans for a variety of industries. Loans can be obtained through the LendingUSA website or through a merchant partner that refers to LendingUSA. Additionally, if you pay your loan off within six months, no interest will be charged to the principal. With fast approval decisions and loans as small as $1,000 available, Lending USA is another lender to consider for a  personal loan. 

Reprise Financial

Reprise Financial can help borrowers find personal loan offers that meet their needs. In order to help borrowers obtain funds quickly, Reprise works to streamline the personal loan process. With customized payment options and fixed rates, check personal loan offers at Reprise Financial. 

Universal Credit

For borrowers with bad credit, Universal Credit may be your golden ticket to the funds you need. With a minimum credit score requirement of only 560, Universal Credit is a top choice for subprime borrowers. While loan costs may be higher, they usually are when it comes to borrowing money with bad credit.

Where can I get a $100,000 personal loan?


Online lenders are one of the best places to get a $100,000 personal loan. They can offer competitive rates, fast funding, and an easy approval process. Plus you can complete the entire process from the comfort of your own home. If you have credit challenges you should use an online lender. If you are considering a personal loan and want to compare offers you should visit Acorn Finance.

What could you do with $100,000? Apply online today for a $100K personal loan

  1. Complete and submit a short loan application online
  2. Receive multiple pre-qualified offers
  3. Get connected with lenders to obtain your pre-qualified loan

One home, endless possibilities


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