HomeBlogPersonal Loans30k Personal Loan
Advertising Disclosure Acorn Finance receives compensation from some of the companies featured on our website, which may influence the presentation and order of the offers shown. Please note that not all loan options, savings products, or lenders are represented on our site.

$30,000 Personal Loans For Good & Bad Credit

See personalized rates in 60 seconds for personal loans for $30K with no impact to your credit score

How much would you like to finance?

Need a $30k Personal Loan Now?

A $30,000 personal loan can help individuals with diverse financial needs. Whether you are looking to make home improvements or consolidate debt, a $30,000 personal loan may be the solution you are looking for.

All credit types can qualify for a $30,000 personal loan. Keep reading to learn all you need to know about $30,000 personal loans.

What is the interest rate on a $30,000 loan?

Acorn Finance partners with lenders that offer interest rates starting at 6.99% or 6.99%. Most lenders evaluate borrowers on an individual basis using credit score, credit history, debt-to-income ratios, income, age of credit, and other factors.

Using these factors they determine the risk of the loan and the appropriate interest rate.

In some cases, the term you select can also change the interest rate.

Get Started

Compare rates from top lenders

How long will it take to pay off a $30K personal loan?

Most lenders offer terms between 2-7 years to repay a $30,000 personal loan. If you choose a lender that has no early payoff penalty, you can go with a longer-term. Selecting a longer-term allows you to have a lower required monthly payment in the event finances are tight. However, it also gives you the option to overpay each month to pay the loan off faster and save on interest.

Can you get a $30K personal loan with bad credit?

All credit types can qualify for a $30,000 personal loan. If you have bad or fair credit we recommend applying with a co-applicant to increase your chance of approval. Acorn Finance partners with lenders that work with all credit types. Acorn Finance allows you to submit one application that does not affect your credit. After submitting the application you will be connected to a variety of lenders that you qualify for.

How to secure a $30,000 personal loan with good credit?

Whether you have good credit or bad credit you should use Acorn Finance to secure the best personal loan offer. Acorn Finance offers a simple application process that does not affect your credit. After submitting the application you have the opportunity to receive and compare multiple personalized personal loan offers within seconds. If you have good credit you may also qualify for a personal loan with a bank or credit union. Compared to banks and credit unions, most online lenders offer very competitive rates and terms. In addition, you can complete the personal loan process all from the comfort of your own home.

Will a $30,000 personal loan hurt your credit?

The initial pre-qualification application process will not affect your credit score. However, if you submit multiple applications to multiple lenders, your credit may take a hit. Once you sign into a personal loan it should show up on your credit. In some cases, it may improve your credit rating.

How Can I Get A $30K Personal Loan Fast?

If you need a $30,000 personal loan fast you should use an online lender that offers same-day funding. Same-day funding means that funds can be accessible the same day as the loan is approved. It’s important to ensure the online lender you select is reliable and well established.

If you want to avoid hours of research and eliminate the risk of using an online lender you should visit Acorn Finance. Acorn Finance only partners with reliable lenders that use best online practices.

Get Started

$30,000 Personal Loan Calculator


Find the loan you're looking for

Table comparing monthly payments, APRs for approved personal loans.
See your options
Take a few minute to answer few questions, and we'll match you with the right range of lenders to consider
Choose your loan
Find your favorite marketplace of offers and apply directly with the lender you prefer
Do your project
If you're approved, use your funds to cover all your costs now, and pay the lender back month by month

What can I do with a $30,000 personal loan?

A $30,000 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?

Where can I get a $30K personal loan?


You can get a $30,000 personal loan using an online lender, bank, or credit union. Acorn Finance is a highly recommended platform designed to make the personal loan process easy and safe. Compared to banks and credit unions, Acorn Finance partners with lenders that offer very competitive rates and terms. Online lenders typically have a faster approval process and faster funding time. In most cases, it's easier to qualify with online lenders.

Is a $30K personal loan right for me?


Contractors and borrowers can take advantage of the 100% free services that Acorn Finance provides. If you are a contractor looking to provide an affordable payment solution for customers you should contact Acorn Finance. If you are a borrower looking for a $30,000 personal loan you should apply online through Acorn Finance. Acorn Finance partners with tons of reliable lenders that can assist all credit types. They make the personal loan process fast, easy, and stress-free.

Discover the best rates for $30,000 personal loans... apply today!

What is the monthly payment on a $30,000 loan?


The exact monthly payment on a $30,000 personal loan can vary depending on your approved rate and term. Below we have some payment examples with various rates and terms. You can also find handy personal loan payment calculators online. They can help you determine your monthly payment using your rate, term, and loan amount. They can also help you determine ways to save on interest.

It's a good idea to pay 10% – 20% more than the minimum payment every month. Paying a little extra every month can help you pay the loan off faster and save money. The faster you pay the loan off, the less interest you should pay. If you plan to pay the loan off early you should make sure there is no early payoff penalty.

Let's take a look at some estimated $30,000 personal loan payment examples...

$30,000 loan @ 4,99% for 5 years = $566/month

$30,000 loan @8.99% for 5 years = $623/month

$30,000 loan @ 6.99% for 7 years = $424/month

$30,000 loan @ 8.99% for 7 years = $483/month

What exactly is a $30,000 personal loan?

Personal loans are a form of credit that can help you finance large purchases or home improvements and consolidate debt. Personal loans are appealing because they typically do not require collateral and offer low interest rates. Most lenders do not have spending restrictions, thus allowing borrowers to use funds as needed. Personal loans are commonly used for debt consolidation. Debt consolidation loans allow individuals to combine debt into one lower interest loan with one monthly payment. Compared to credit cards, personal loans usually have much lower interest rates. When you apply for a personal loan you should request a certain amount of money. If approved, most lenders fund personal loans as a lump sum of money that can be repaid over a specified term with interest. If you are using a personal loan for debt consolidation, some lenders may offer direct payment to creditors. This can make the debt consolidation process much smoother. Banks, credit unions, and online lenders can offer personal loans. If you need funds quickly or have credit challenges you should use an online lender. Acorn Finance has lending partners with minimum credit score requirements as low as 540.

What can I not use my $30,000 loan funds for?


You can use personal loan funds for just about anything, unless the lender has spending restrictions. Spending restrictions are rare among personal loan lenders but it's always a good idea to pay close attention to the fine print. As long as you repay the loan, most lenders are happy to provide the funds you need. While most personal loans are not regulated for spending, you should use funds wisely. Afterall, when you borrow money you usually pay more than the amount you borrow when you take interest and other fees into account. Using personal loan funds for debt consolidation or home improvements can improve your life and maybe your credit too. This can make the additional costs easier to justify.

How much can I borrow for a personal loan?


Some lenders offer personal loans up to $100,000. However, the amount you can borrow depends on the amount you qualify for. Typically, lenders use a variety of determinants when evaluating applications. Determinants can include income, credit score, debt-to-income ratio, on-time payment history, and more. If you have limited income, you may want to apply with a cosigner. Applying with a cosigner may help you qualify for a higher loan amount. Rates and terms usually vary depending on the borrower and the amount they borrow.

Will a $30,000 personal loan hurt my credit?


Personal loans may temporarily impact your credit score. However, as you begin making on-time payments, your credit score should recover. Furthermore, as you begin to pay down the loan balance, your credit score may climb higher than it was to begin with. The initial application for a personal loan should not affect your credit score, unless the lender does a hard pull on your credit. Acorn Finance allows individuals to apply for a personal loan and receive offers without affecting credit score. This allows individuals to know what they qualify for and plan accordingly without being committed to a loan or having their credit impacted. Before applying for a personal loan you should confirm with the lender that your credit will not be affected. If you default on a personal loan, your credit score will most likely be damaged. If you are having hard times or are struggling to cover monthly payments, we encourage you to communicate with the lender. Lenders want to be repaid and are usually willing to change terms to help borrowers repay a loan. Lenders may be able to extend the term or set up bi-weekly payments to help ensure you can pay on time. Sending loans to collections can be costly for lenders and stressful for borrowers.

How soon do you have to start paying back your $30,000 personal loan?


Most lenders require borrowers to begin repaying their loan within 30 days of funding. You should have a minimum monthly payment which is the minimum amount you are responsible for paying each month until the end of the loan term. If you pay this amount, you should pay the loan off by the end of the term. However, we strongly encourage borrowers to pay a little or a lot extra each month. Paying as little as 10% extra each month can help you save hundreds of dollars on interest charges.

How long does it take to get approved for a $30,000 personal loan?


At Acorn Finance online, you can get pre-qualified within seconds for a personal loan. If you apply with a bank or credit union, the pre-qualification process can take longer. In most cases, you should receive pre-qualification within 24-48 hours. We say pre-qualified because lenders may request proof of income or other documents before finalizing an approval. If you use a platform such as Acorn Finance, you may receive several personalized loan offers. You will need to select the best offer in order to take the next step toward finalizing your approval. Acorn Finance has lending partners that can fund loans the same day as approval. To expedite the approval process, you should ensure that the information submitted on your initial application is true and can be proven if needed.

What qualifies you for a $30,000 personal loan?


There are a variety of factors that can help you qualify for a personal loan. Every lender evaluates applicants differently. Some may only focus on credit score while others may place a heavier weight on other factors. Lenders typically have a target borrower that their loans are structured around. For example, some lenders may only want good credit borrowers. Therefore, they may offer very low rates and favorable terms for good credit borrowers but not so favorable rates and terms for borrowers with credit challenges. Other lenders may specialize in borrowers with short credit history. These lenders may have higher interest rates but can approve borrowers that may struggle to qualify with other lenders. Some factors that may help you qualify for a personal loan include. . .

Credit score (540 or higher)

Consistent income

On-time payment history

Low to average debt-to-income ratio

Long term residency


Is it easier to get a $30,000 loan from a credit union?


Most credit unions offer unsecured and secured personal loans. If you have a low credit score or are new to credit, you may still qualify. However, most credit unions are more cautious about who they lend money to given that their rates are generally very low. Credit unions usually consider a borrower's whole financial picture including credit history, income, and their standing with the credit union. Credit unions may request more supporting documents than online lenders. If the rate is much lower with a credit union you should put in the extra effort to get approved with a credit union. If you are in a hurry, you may not have the time to work with a credit union.

Is a $30,000 personal loan the right choice?


Now that you know a little more about $30,000 personal loans, you can decide if it's a smart financial decision for yourself. As long as you can cover the monthly payment, there's not a lot of risk involved with an unsecured personal loan. Unsecured personal loans allow borrowers to borrow up to $100,000 dollars at relatively low rates with no collateral – which is very appealing to most of us. In addition, good and bad credit borrowers can qualify for a personal loan. If you are trying to rebuild your credit you may want to borrow a smaller amount using a personal loan and make on-time payments. This can help boost your credit score so that eventually you can qualify for a $30,000+ personal loan. Discover the best rates for $30,000 personal loans... apply online today!

Can you get a $30,000 personal loan with bad credit?


You may find yourself needing a personal loan of $30,000 for any number of reasons. While you may qualify for a personal loan with bad credit, it may be challenging to qualify for a $30,000 loan. If you do qualify, you may have to pay a high interest rate which can be costly with a larger loan amount such as $30,000. You will likely have an easier time qualifying for a secured $30,000 loan with bad credit. In addition, you may be able to secure more favorable terms. Most personal loans are unsecured meaning they do not require collateral.

That being said, you may find it a little more difficult than someone with good credit to find affordable financing options. Though it may be difficult, it is not entirely impossible. There are several ways that you could help increase your chances of being pre-approved for an unsecured personal loan of $30,000.

  • Improve your credit score: If you are looking to secure $30,000 to finance a home improvement project or any other big-ticket purchase, you could consider taking a few months to improve your credit score. If you have some time and you are looking to finance a new deck or a new addition to your home, by bumping up your credit score by even 20 or 30 points, you could dramatically increase your chances of being approved.
  • Lower your debt-to-income ratio: Even with a good credit score, you can take steps to lower your debt-to-income ratio to improve your chances of qualifying for a $30,000 unsecured personal loan. Doing so could also help you to qualify for lower APRs and increase your chances of not paying any origination fees. This move will then also increase your overall credit score at the same time.
  • Look into secured loan options: A third option is to look at online lenders who offer secured loan lending options. A secured loan is a personal loan that is backed up with some form of collateral, be it a home or vehicle, however, if you have any suspicion that you at any point have trouble making the payments, any defaulting on the loan could end up with a loss of your collateral. This could further exacerbate any hardship that you may be facing.

How do you get a $30,000 personal loan with bad credit?


To get a personal loan of $30,000 with bad credit, the first thing you should do is check your credit report. By checking your credit report, you can get a better idea of how bad your credit situation may or not be. You may be surprised that your situation may actually not be as bad off as you think, or you could even find some evidence of fraudulent activity or identity theft that could resolve.

You are entitled to a free credit report every 12 months from all three of the major credit bureaus. You could also join an online credit monitoring service to allow you to keep up to date on changes to your credit file. Once you have your credit report in front of you, take a look for any suspicious accounts or activity that may have slipped by you unnoticed. If you see anything that is not normal or could be an act of fraud, go ahead and take immediate action to resolve the issue. Either way, you should look at your report to see how you can work on improving your credit.

If you can identify ways to improve your credit score, you should take action and apply for a $30,000 personal loan once your score has improved. If you don't have time to spare, you can check offers at Acorn Finance for personal loans between $1,000 to $100,000, depending on credit score. Your credit score will not be affected by checking offers at Acorn Finance.

What is the minimum credit score for a $30,000 personal loan?


The loan amount you qualify for can depend on your credit score and income among other factors. If your credit score is below 579, you are considered to have bad credit. While you may qualify for a personal loan, it's not likely that you will qualify for an amount as high as $30,000. We are not saying it's not possible but it's unlikely. If you do qualify you will likely pay a premium to borrow the money. If you can improve your credit score to the 580 to 669 range, you can graduate to the fair credit range. While you will be closer to qualify for a $30,000 personal loan with fair credit, it still may be out of reach or come with a high interest rate. The next step up is good credit, which is considered a score between 670 to 730 by most lenders. Once you have achieved the good credit classification, you are more likely to qualify for a $30,000 personal loan. However, you will also need enough income to prove that you can cover the monthly payment. Many of the online lenders have their minimum credit score requirements posted that you can check online. However, it is important to note that there could be some exceptions for those requirements that you will need to discuss directly with the lender.

What is considered bad credit when looking for a $30,000 personal loan?


Any credit score below 669 is considered to be a fair or poor credit score. A score below 669 informs a creditor that the individual may have a difficult time paying back the loan amount. Credit scores can range from 300 to 850, with scores falling between 300 to 579 being classified as poor according to Experian. If this is the case for your credit profile, then you will need to take some action to either improve your credit score or realize you might have to be prepared to pay higher interest rates and the possibility of origination fees.

What lenders provide $30,000 personal loans for bad credit?


There are few lenders that can offer a $30,000 personal loan for bad credit borrowers. While some lenders may offer a personal loan to a borrower with bad credit, they are more likely to offer a smaller amount. However you can still apply for $30,000 and see if you qualify. At Acorn Finance you can check personal loan offers without impacting your credit score. With bad credit, or even good credit, you will want to avoid applying for personal loans that require a hard credit pull. A hard credit pull can impact your credit score. If you have bad credit and need a personal loan one of the smartest things you can do is to take a little extra time to shop for lenders to ensure you are still getting the best terms possible for your financing. Upstart, Best Egg, Lending Point, and Avant are a few online lenders that may be able to help borrowers with bad credit. Some of these lenders are Acorn Finance lending partners. If you have bad credit, you will probably need substantial income for a lender to consider qualifying you for a $30,000 personal loan. Alternatively, you may be able to apply with a cosigner to increase your chance of approval.

How do you compare $30k personal loans?


At Acorn Finance, our lending partners can offer personal loans up to $100,000 depending on credit score. To compare personal loan offers you can visit Acorn Finance. Submit some personal information to receive personalized offers. side-by-side you can compare payments and terms, thus helping expedite the process. Time is valuable, so why waste any when it comes to getting a personal loan? At Acorn Finance you can receive real offers from top national lenders. The ability to save time without doing a disservice to yourself is not something that should be overlooked. 

Alternatively, you can apply with local banks and or credit unions to see what they can offer. While you don’t need to check offers from every lender in town, you should compare a few offers until you find the best one. 

What are $30k loans?


$30k loans or $30,000 loans are loans in the amount of $30,000. How they are used and how they work can vary, as can the type of loan. Here are a few examples of $30,000 loan types:

  • Secured Loans: Secured loans are backed by collateral. This can include auto loans, home equity loans, or a home equity line of credit (HELOC). Secured loans offer protection for the lender. In the event the borrower defaults, the lender can seize the collateral. The collateral can then be sold to help the lender recoup their funds. This added layer of protection can allow the lender to offer more favorable terms for the borrower. However, the borrower assumes risk by providing collateral. For larger loan amounts such as $30,000, you may need to use a secured loan. Collateral can help you qualify for a loan. Additionally, it can help you secure a lower rate which can make the loan more affordable.
  • Unsecured Loans: Unsecured loans are not backed by collateral. Personal loans are an example of unsecured loans. Unsecured loans usually have faster funding times, since they are based on creditworthiness. While some lenders can offer personal loans for $30,000, you will likely need good credit and solid income to qualify. Unsecured loans may present higher APRs for borrowers, but less risk since they do not have to provide collateral. If you default on a loan, secured or unsecured, your credit score can be negatively impacted. 

How do $30k personal loans work?


Personal loans are installment loans. Installment loans are generally funded as a lump sum and repaid in equal monthly installments with interest. In most cases you do not have to indicate why you need the loan, but you will need to qualify. You will also need to adhere to any restrictions set forth by the lender. Personal loans are usually based on creditworthiness and do not require collateral. A loan that does not require collateral is known as an unsecured loan. To qualify for a $30,000 personal loan you’ll likely need to be a strong applicant that’s creditworthy. Additionally you’ll need to make sure you can cover the payment, and the lender has confidence that you can too. 

When are $30,000 personal loans worth it?


If you are considering a $30,000 personal loan, you may be comparing it to secured loans. The main advantage of a personal loan is that it’s based on credit worthiness. It does not require collateral in most cases. Additionally, once approved, funding can be received in as little as 1-2 business days, although funding times can vary. 

As for when it’s worth it - that’s a personal decision, and one that should be evaluated with serious consideration. Homeowners often use $30,000 personal loans for home improvements so that they don’t have to borrow against the equity in their home. The opportunity to increase home value and or improve quality of life, without using your home as collateral can be appealing. There are few types of loans for $30,000 that can be secured without collateral. Additionally, personal loans usually have few spending restrictions. 

Why choose Acorn Finance for comparing $30,000 personal loans?


In a nutshell, Acorn Finance helps consumers compare loan offers without going nuts. Comparing loan offers is not as easy as it sounds, but it can be at Acorn Finance. Simply visit our website and submit some personal information to receive pre qualified offers. Checking offers does not impact your credit score. Next, compare payment options and terms side-by-side. Choose the offer that works best and complete your application on the selected lender’s website. Once approved, your funds can arrive in as little as 1-2 business days, although funding times can vary. 

At Acorn Finance you can check offers up to $100,000, depending on credit score. In addition to high loan amounts, our network of top financial partners have competitive perks and reputable histories. We streamline the process of finding offers online through our safe and secure platform. 

One home, endless possibilities


Personal Loan Information