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$50K Personal Loans For Good & Bad Credit

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$50,000 Loans No Credit Check Ok

Whether you have good or bad credit, qualifying for a $50,000 personal loan requires your undivided attention. From locking in the best offer to understanding how a personal loan works, loans are complex. Invest the time into this read as we are here to simplify the personal loan process and empower you with information to identify competitive offers.

From flexibility to spend as needed to fixed monthly payments, personal loans are a popular choice for borrowers. Personal loans up to $50,000 can be used for just about anything from home improvement projects to debt consolidation. In some cases, personal loans can even help improve your credit score.

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How to Get a $50,000 Loan With Good & Bad Credit

When it comes to borrowing $50,000, you will want to find the best loan offer possible. Additionally, you will want to ensure you’re a well qualified borrower. Before getting to the best loan, you may want to check your credit score before applying. Can you identify any wants to improve your credit score? According to Experian, one of the three main credit bureaus, credit score can be classified in the following categories:

  • Exceptional (800-850)
  • Very good (740-799)
  • Good (670-739)
  • Fair (580-669)
  • Poor (300-579)

Qualifying for larger loan amounts, such as $50,000, can mean more strict requirements. Most lenders place the most weight on credit score and debt-to-income when qualifying an applicant. Additionally, some lenders utilize AI technology to help them predict future behavior, based on past behavior and spending patterns. Technology can help lenders and borrowers when it comes to lending. For lenders, it can help them make better lending decisions while delivering better customer service. For borrowers, it can expand their options while offering more convenience. 

Some $50,000 loans are secured and some are unsecured. At Acorn Finance you can check unsecured loan offers up to $100,000, depending on credit score. Before deciding that an unsecured loan is best though, here is an overview of how secured and unsecured loans work. 

In general, there are two main categories of loans: secured and unsecured.

Secured loans are loans that are backed by collateral. Collateral can consist of your home, vehicle, or other assets, depending on what the lender permits. Some secured loans, such as auto loans, can require collateral and a down payment. While secured loans reduce the risk for the lender, which can allow them to relax requirements in some cases, they can be more complicated and risky for the borrower. However, in some cases they are more cost-effective and can make sense. 

Unsecured loans are loans that are not backed by collateral. Instead, they are extended based on your creditworthiness. While secured loans also examine a borrower’s creditworthiness, they are not solely based on it. With an unsecured loan the lender assumes more risk. If the borrower defaults on the loan it can damage their credit score, but there’s no collateral to be seized. For example, if you use an unsecured loan to build an accessory dwelling unit (ADU), and default on the loan, the lender should not come possess the ADU. While the funds were allocated toward the ADU, it really has no tie to the loan. 

While secured loans may offer longer repayment periods and lower APRs, there are risks involved. Additionally, the underwriting and approval process can take longer.To determine which type of loan is best, you may want to compare some offers to gain a better understanding of what you qualify for. Needs of the borrower can vary, therefore, what’s best for one individual or couple may not be what’s best for another.

Can you get a personal loan for $50,000?

Personal loans are available in amounts up to $100,000, depending on credit score. Therefore, yes, you can get a personal loan for $50,000 if you qualify. It’s recommended that borrowers have established and healthy credit to qualify for a larger personal loan such as a $50,000 personal loan. At Acorn Finance, most of our lending partners have a credit score cutoff of 600 or above, but this does not guarantee you’ll qualify. Most lenders consider other requirements, in addition to credit score, to determine if an individual qualifies.

How much would a monthly payment be on a $50,000 personal loan?

Monthly payments on a $50,000 personal loan can vary. To estimate monthly payments you can use a payment calculator and or get prequalified. At Acorn finance you can check offers which will allow you to view personalized monthly payments. Checking offers at Acorn Finance does not impact your credit score, thus making this a great starting point. Most of us need to make sure we can afford the monthly payment before concluding that a $50,000 personal loan is even an option.

What is a $50,000 personal loan monthly payment for 10 years?

The answer to this question really depends on the interest rate. There can be a drastic difference in monthly payments between 5% and 10% interest rates for example. The monthly payment on a $50k loan over 10 years at 5% interest would be roughly $530. On the other hand, at 10% interest rate the monthly payment would roughly be $664. As you can see, it would be more than a $100/month difference between 5% and 10% interest rate.

What is the maximum amount you can get for a personal loan?

To find out the maximum amount you qualify for, you’ll need to get pre-qualified. Personal loans usually max out at $100,000. While lenders can offer personal loans up to $100,000 whether you qualify or not will depend on the requirements. 

Most lenders offer personal loans up to $100,000. Credit score, credit history, and income can impact the maximum loan amount you can qualify for. You may be asked to show proof of income and other supporting documentation so be sure to only submit accurate information on your loan application. If you ask for more than the lender can approve they will usually come back with a counteroffer.

Why choose Acorn Finance for comparing $50,000 personal loans?

$50,000 personal loans are often used for home improvements, which our network of lending partners specialize in. At Acorn Finance, you can check offers (in seconds) with no impact to your credit score. With access to offers up to $100,000, depending on credit score, you can take control of the loan shopping process, all in the comfort and privacy of your own home. Stress less, and do more. Let us help simplify your next home improvement project. 

How can I get a $50,000 personal loan fast?

At Acorn Finance you can shop offers and expedite the personal loan process. Start by submitting information at Acorn Finance and within 60 seconds or less receive personalized loan offers – all with no credit impact. If approved, our lending partners can fund loans in as little as 1-2 business days, although funding times can vary.

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What can I do with a $50,000 personal loan?

A $50,000 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?

When are $50,000 loans worth it?

Some loans are intended for a specific use, but some other loans will allow you to spend as you please (as long as it’s within what’s allowed). For example, an auto loan is only for the vehicle being financed. While it may cover fees associated with the purchase and some extras, the loan to value is based on the collateral aka the vehicle. However, a personal loan for $50,000 could be used for one thing or a mix of things. Most personal loans have few spending restrictions. When it comes to determining if the loan is worth it, this will be a personal decision. When determining if a loan is worth it, consider the following:

  • What is the total loan cost?
  • Will the loan help you get ahead?
  • Will you encounter financial hardship with an extra payment? 
  • Is it better to pay cash or finance? 

Does a $50,000 personal loan hurt your credit?


Borrowing money or increasing utilization can impact credit. As can a hard credit pull. Given that information, a $50,000 personal loan can impact score negatively, but this should only be temporary. With on-time payments, credit score should recover and in the long-term it can potentially be higher than when you obtained the loan. It’s wise to monitor your credit score on a regular basis so you can understand how it works better. Plus, this can allow you to faster address fraud and other concerns.

Can you get a $50,000 personal loan with bad credit?


Getting financing with bad credit isn’t simple or cheap. But, is it possible? In some cases, it may be possible. 

The first thing you need to know before applying for a $50,000 loan is your credit score. The credit score lenders usually use is the FICO score. It is a number that is calculated by taking several factors into account. Your score is based on things like how much debt you have, how recently your account or accounts have been opened, if you are at your maximum limit or close to it, and if you have made payments on time. Late payments, being in default, or having a bankruptcy can hurt your credit rating and generate a lower score.

There are 3 main credit bureaus:

  • Experian 
  • Equifax
  • TransUnion

Annually, consumers are entitled to a free credit report from each of the three main credit bureaus. To better position yourself financially, check your credit score and monitor it on a regular basis. To monitor your credit score, consider using a credit monitoring service. 

Once you’ve confirmed you do in fact have bad credit you can either try to qualify for a loan anyways or invest time boosting your credit score. While both options are available, if possible, try to boost your credit score before applying for a loan. 

At Acorn Finance we have a variety of lenders in our network, some of which can help borrowers with challenged credit. However, most of our lending partners have a credit score cutoff of 600 or above. You may run into this cutoff outside of our network too, especially when we start talking about larger personal loans.

Individuals with bad credit can sometimes get personal loans up to 50k, but it’s not common. The lender may require that a bad credit borrower provide collateral for a large personal loan. Alternatively, they may require that you apply with a cosigner that has good credit. If you have a cosigner and you don’t make your payments, your cosigner will be obligated to make the required payments. This could jeopardize your relationship. If you pledge security and don’t make your payments, the lender can seize the collateral you pledged to compensate themselves. This could result in a significant loss to you. If the collateral you used to secure the loan is your car, for example, you could lose your car and the use of it. If you need your car to get to work you might have a problem keeping your job.

Understand too that if your credit is bad, your loan rate will probably be much higher than it could be if you had good credit. This can add significant costs to your loan and make it really expensive to borrow.

All things considered, we’ve answered the question and the choice is yours. To find out if you can qualify for a personal loan, you can check offers at Acorn Finance.

Are personal loans up to $50,000 a bad idea?


If you can afford the monthly payment and are going to use the funds for a positive purpose, personal loans can be a great option. However, if you are going to struggle to make the monthly payment perhaps you should rethink taking a $50,000 personal loan. The choice is yours, all we can do is help you make an educated decision.

How do you get a $50,000 personal loan with bad credit?


If you are wondering how to get a 50k personal loan, you have come to the right place. Let’s review the best ways to go about this. 

The first thing you should do is check your credit score. Most lenders want a credit score of at least 600, although some may consider a lower score, but probably not for a loan amount as high as $50,000. Regardless of credit score, lenders may ask for supporting documents such as proof of your identity, proof of your address, and income and employment verification. It can save you some time to gather those documents before you apply for a loan.

If you have checked your credit score and feel it is too low to qualify, you can consider taking some time to improve your credit score before you apply. If you make payments on your existing debts on time, reduce the amount of debt you have, and make sure that you have enough income to support a 50k loan along with your other expenses, you can increase your chance of qualifying for a $50,000 personal loan. 

What is the minimum credit score for a $50,000 personal loan?


The minimum credit score you need to qualify for a $50,000 personal loan will depend on the lender. It’s important to note that while credit score can play a big role in approval, other factors can be considered too. Factors include income, employment, stability, and more. Most lenders have a minimum credit score requirement, but it’s not all that simple to say if you’ll qualify just because you meet the requirement. While you can consult with the lender before applying, they will likely encourage you to apply so they can do a thorough review and deliver an official answer. At Acorn Finance, most of our lending partners have a credit score cutoff of 600 or above.

What is considered bad credit when looking for a $50,000 personal loan?


The requirements to qualify for credit tend to get a bit stricter as you increase the amount you want to borrow. Higher amounts can put the lender at greater risk of not getting their money back because the payments have a big impact on the borrower’s finances. 

So, while lenders may consider lower credit scores for small loan amounts, they may not for a $50,000 personal loan. To qualify for a $50,000 personal loan you should have a good credit score. What defines a good credit score specifically can vary depending on the lender. For reference, Experian one of the three main credit bueraus classifies scores between 670-730 as good. To find out if you qualify for a personal loan, you can check offers at Acorn Finance with no credit impact. If you are not in favor of the offers you recieve or do not qualify, consider boosting your credit score and re-applying at a later date. You can also consider applying with a co-signer.

Where can I get a $50,000 personal loan with bad credit?


If you have bad credit, you may find yourself paying a high rate of interest and possibly loan fees. Shopping around can help you find the most competitive offer. Even a rate that’s lower by 1% or 2% can make a big difference in your payments and total interest costs. To check personal loan offers you should visit Acorn Finance. You can check personal loan offers between $1,000 to $100,000 (depending on credit score) with no impact on your credit score. You may also be able to secure financing through your primary financial institution. Some lenders are more willing to deal with bad credit than others so you may need to do some research to narrow down bad credit lenders.

How do you compare $50,000 personal loans?


From the comfort of your own home or office, you can check personal loan offers up to $100,000, depending on credit score. Acorn Finance offers a platform open to the public for checking personal loan offers. Our network of top national lending partners can return personalized offers with a bit of personal information. Checking offers at Acorn Finance does not impact credit score. 

As you compare offers, consider how you could return even better offers. One way to do this may be to boost your credit score. To help you determine if it’s worth your time to wait to borrow money while you boost your credit score, use a loan calculator to estimate the possibilities. 

Whether you compare personal loan offers or other types of loan offers, you will want to consider total loan costs, fees, and other factors, in addition to the monthly payment. An offer with a lower monthly payment compared to another offer, does not mean the loan is cheaper. 

If you prefer face-to-face assistance or interaction, consider checking offers with your local bank or credit union. Before inquiring though, ensure your credit score will not be impacted by checking an offer. 

Loan costs can add up quickly with a $50,000 loan so take your time comparing offers and ask questions. Understanding the agreement and the offer can help put you on the path to success. 

Here are some factors to consider when comparing $50,000 loan offers: 

  • APR: APR can play a big role in the total cost of the loan. APR represents the yearly interest charge generated by the loan. In most cases, the interest fee for the year will be bundled into monthly payments, so you may not even realize you're paying it. That is, until you do the math or look at the APR. If you take out a $50,000 loan with a repayment period of five years, the APR can add up year over year. 
  • Fees: On top of APR, you may encounter fees applied to your loan. Origination fees or late payment fees are a few examples of fees. Some loans may have higher fees than others, thus impacting the total loan cost. 
  • Total loan cost: Note what the loan will cost you over the duration of the loan. If there are no prepayment penalties, you may be able to pay the loan off sooner than the repayment period to save money on the total loan costs. 

What are $50k loans?


A $50k loan is a loan for $50k. Simple, right? The concept is, but the process of getting one may not be. Plus, you may be surprised to learn how many options are out there. As a borrower, you should spend some time identifying your needs before setting out to find a loan. Understanding what you can afford, what you need, and how you plan to use the money can help set you up for success.

How do $50k personal loans work?


Pursuing a personal loan is a popular avenue for borrowing money. While there are fewer lenders that offer $50,000 personal loans, some can. However, you will need to qualify. A little later we will review what it might take to qualify, but for now, here’s a general idea of what to expect when obtaining a $50,000 personal loan. 

  1. Find a lender or network of lenders that can offer $25,000 personal loans: Lenders typically have minimum and maximum loan amounts. You will need to find a lender that can offer a personal loan in the amount of $25,000. Secondly, you will need to qualify for the loan. 
  2. Get prequalified: The first step toward getting a $50,000 loan is to get prequalified. Some lenders can extend prequalified offers without doing a hard credit pull. A prequalified offer is usually contingent upon the underwriting process, where the lender will verify the details you submitted and perform a hard credit pull. With that being said, it’s important to submit accurate information from the start to avoid speed bumps during the process. Lenders can revise their prequalified offer or take it back together if they lose confidence in the decision. 
  3. Accept the offer: Accept the offer once you’ve found the loan offer you want to pursue. You may need to submit a final application for the lender and or submit supporting documentation. When the lender has what they need, they can decide to approve or deny your loan officially. 
  4. Get approved: Once approved, it’s time to get your funds. Some lenders can deposit funds directly into your bank account in as little as 1-2 business days, although funding times can vary.

Compare Lenders for $50,000 Loans


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 

More Lenders:

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.

One home, endless possibilities


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