HomeBlogPersonal Loans45k Personal Loan

$45,000 Personal Loans

Get personalized rates in 60 seconds for $45,000 personal loans with no impact to your credit score

How much would you like to finance?

See $45,000 personal loan offers with no impact to your credit score.

A woman is using the Fiona Template to control her smart home app on her phone.

$45K Loans

If you want to get a $45K personal loan, there are many different factors to consider. The monthly payment, total interest rate, and contract terms are all critical things to consider. But before you arrive at considering these items, you’ll need to find the best place for a personal loan of $45,000.

Acorn Finance offers a competitive platform that consumers can use to check personal loan offers. Checking offers from multiple top-notch lenders at once, sounds ideal for most of us. Having everything you need in one place can save you a lot of time, hassle, and money. If you have been considering a personal loan of 45K, you should keep reading.

You can compare loan offers and pre-qualify in minutes using Acorn Finance. In addition, your credit will not be affected by submitting an online application.

Acorn Finance can help all credit types qualify for a $45,000 personal loan.

Check Offers
Quick. Simple. Secure.

How To Get A $45,000 Loan

Check $45,000 Loan Offers With No Impact To Your Credit Score
A blue icon with a leaf on a monitor and a phone.


Fill out an easy online form to check for pre-qualified offers with no impact to your credit score
A mobile phone and a tablet with a list on it.

Select offer

Compare terms and payment options to select the offer that’s best for you
A mobile phone and a tablet with a building on it.

Finish application

Complete your application on your selected lender’s website
A hand holding a dollar sign.

Receive funding

After your loan is approved, your funds should arrive within 1-2 business days2

Check Offers For $45,000 Loans

Check offers
in seconds

Get pre-qualified for loan offers with an easy online form

Won't impact
credit scores

Checking offers will not impact your credit score

payment options

Compare rates from our network of lenders

funds quickly

Same-day and next-day available for certain offers2

How can I get a $45K personal loan?

The first step toward securing a 45K loan is to decide where it will come from. If you have very good or even good credit, you should have plenty of options. Most banks, credit unions and online lenders offer personal loans of 45K. However, if you need funds quickly your best option may be an online lender. Regardless of who provides your personal loan, you will need to start the process by submitting an application.
At Acorn Finance you can submit one application and receive offers within 60 seconds or less with no impact to your credit score.

How much would a $45,000 loan cost?

Before you sign a contract on a $45K personal loan, you should consider things like the interest rate and your monthly payment. Keep in mind that the term can increase the total loan cost, even if the interest rate is lower for a longer term. Personal loan calculators can help you estimate total loan costs.
For example, if you pull out $45,000 at a 5% interest rate, you can expect to pay $477 per month over ten years. The total loan cost using this rate, term, and loan amount is about $57,275. That is $12,275 of interest paid over the life of the loan. When you are choosing the right personal loan offer, you should consider all factors, not just the monthly payment. Even though making sure you can cover the monthly payment is critical.
In addition, you should keep in mind that you can pay off more than the minimum amount in each payment cycle. Acorn Finance lending partners have no prepayment fees. This means you can pay your loan off early and save money on interest.

How much interest is paid on a $45,000 loan?

When you are shopping around for a $45K personal loan, the total amount of interest you expect to pay may be one of the first things you are concerned with. While your focus may go straight to the interest rate, you should know that the term can also impact the amount of interest paid.
For example, let's say you take a $45K personal loan with a 5.99% interest rate for 7 years. With a monthly payment of about $657, the total interest paid on the loan after 84 payments would be around $10,202.
Now let's compare this example to another example. Let's say you take a $45K personal loan with a 6.99% interest rate for 10 years. With a monthly payment of about $477, the total interest paid on the loan after 120 payments would be around $12,249.
While your monthly payment and interest rate are lower in the second example, the total interest paid is higher. As you compare offers you can use a personal loan calculator to help you estimate the total interest paid.

What would the monthly payment be on a $45,000 loan?

Assuming that you don't have to pay any interest, a $45K personal loan may only set you back $375 per month for ten years or $750 a month for five years. However, you will almost always have to pay interest on your loan.
At a reasonable rate of 8% interest, your total payment would be about $912.44 for five years or $545.97 a month over ten years for your $45K personal loan. While 8% is considered a reasonable rate for a personal loan, you may be able to secure a lower rate with excellent credit. Acorn Finance has trustworthy lending partners that can offer APRs as low as 6.99% depending on your credit score. The interest rate and loan term can impact your monthly payment for a $45K personal loan.

Do I need good credit for a $45K personal loan?

It's very likely that you will need good credit to secure a 45K personal loan. However, if you want to borrow a smaller amount of money and have bad credit, you may qualify. While ultimately we can't determine who qualifies or not based on simply speculation, we can give you insight. If you have bad credit, you should expect to pay a higher interest rate for a personal loan. Borrowers with bad credit are encouraged to apply with a cosigner. Ideally, the cosigner should have better credit than the primary applicant.

While credit score can play a critical role in whether you qualify for a personal loan or not, most lenders consider other factors as well. In the next section we will take a look at what lenders may be looking for.

What do lenders look for when approving a $45K personal loan?

What a lender looks for, usually depends on the lender. Lenders can evaluate borrowers using just about any factors they prefer. When financial institutions loan money, they want to do everything they can to ensure they make good loans. While credit score and credit history can impact loan decisions, other factors lenders may consider include:
Debt-to-income ratio
Job stability
Most people seeking personal loans up to $45K will have a good or excellent credit score, minimal dings onto their credit history, and more than enough monthly income to comfortably cover the monthly payments. Otherwise, they will likely have a hard time getting their loan approved.

Is a personal loan the cheapest way to borrow $45,000?

If you need a $45K personal loan, this may or may not be the cheapest way to borrow $45,000. It really all depends on what you qualify for.
Those needing personal loans up to $45K should also consider avenues like tapping into your 401k, getting a home equity loan, and talking to a credit card company. In any case, shop around multiple different options to ensure you get the best possible deal.

Where can I get approved for a $45K personal loan?

The first step toward obtaining a $45K personal loan approval is applying. For some, applying can be a serious step as their credit may be pulled. If you are in the shopping stages of securing a $45K loan, you should apply at Acorn Finance. Acorn Finance has several trustworthy lending partners that are ready to compete for your business. Within 60 seconds or less, you can receive loan offers with no impact to your credit score. Therefore, you really have nothing to lose by submitting an application.

How long of a loan can I get for $45,000?

This depends on the lender and the loan terms that they offer. Most personal loans range between 1 to 5 years. However, with an amount as high as $45,000, you may be able to find a loan term longer than five years. Loan terms usually depend on the loan amount. They can also depend on the borrower. If you are viewed as a high risk, the lender may only want to offer a short loan term. If you use a secured loan such as a mortgage, you will likely be looking at much longer loan terms, possibly even up to 30 years. Secured loans such as home equity loans may also offer longer loan terms compared to personal loans. At Acorn Finance our lending partners can offer loan terms up to 12 years.

Keep in mind that the shorter your loan term, the higher your monthly payments will be. The higher your interest rate, the higher your monthly payments will also be. Some people choose a longer loan term because it means lower monthly payments. Always make sure that the monthly payment that's being offered is something you can easily manage and will not become a financial burden.

How Can I Get A $45K Personal Loan Fast?

If you need a $45K personal loan fast you should consider Acorn Finance. Once you submit your application and receive personalized personal loan offers you can compare lenders. If you need the money the same day, make sure to select a lender that offers same-day funding.

Check Offers

What are my options for a $45,000 personal loan?

If you are looking for a $45,000 personal loan, you should explore your options. If you have excellent credit you may be able to qualify for all of the sources listed below. However, if you have bad or decent credit we recommend you use an online lender. In most cases, online lenders are the easiest to qualify for. Let's take a look at where you can get a $45,000 personal loan...

Online Lenders

Online lenders offer some of the most competitive rates and they may be the easiest to qualify for.


Banks may be the second easiest to qualify for. However, their application process can take much longer than most online lenders.

Credit Unions

While credit unions may offer great rates, they can be difficult to qualify for. Most credit unions require borrowers to have good to excellent credit. In addition, their application and approval process can take longer than banks and online lenders.

What are the pros and cons of a $45,000 personal loan?

Let’s take a look at some pros and cons of a $45,000 personal loan…


Competitive interest rates and flexible terms

Use the money for just about anything

No collateral required

Fixed monthly payments


Taking on debt

Origination fees

Interest rates may be higher than other options

Compare Rates From Lenders in Our Network

Are You A Contractor? Stop Thinking & Start Doing with Acorn Finance.

Offer customers the ability to finance their dreams with zero dealer fees.

Get Started

$45,000 Personal Loan Calculator

Frequently Asked Questions

Read More


Is a $45,000 personal loan worth it?

Depending on the purpose of the loan and your current financial situation, a $45,000 loan could be a big help. If you are trying to consolidate debt or finance large improvement project, a $45,000 loan can help you secure the funds you need. A personal loan can also be a smart way to consolidate debt. If you have several high interest credit cards, you can roll them into one, hopefully lower-interest rate, personal loan. In addition to potential savings, you can have just one monthly payment to manage.

Before you take out a personal loan you should evaluate the pros and cons. Can you afford the monthly payment? How will you use the funds? If you have a plan on how the funds can benefit you and can afford the monthly payment, a $45,000 personal loan may very well be worth it. The interest for a $45,000 personal loan can add up. You should be aware of what the total loan costs are. You may want to go with a shorter loan term, if possible, to reduce the total loan costs.

What can I do with a $45K personal loan?

If you are getting a $45,000 personal loan, the bank or online lender will probably put it directly into your bank account as a lump sum. Most lenders do not ask what your personal loan is being used for or make you show proof that you need a loan for $45,000. 
So, you can do anything with a $45,000 loan in most cases. If the lender is strict or not giving you your loan as a lump sum, then you may need to show why you need that much money and how you plan to use it.

Since $45,000 is a large sum of money, make sure it is the correct amount you need and try not to borrow more than you may need. If you need it for home improvement or another service, ask for an estimate from the contractor or company to see how much money you may need to finance before taking out the loan.

Some common reasons people take out a $45,000 loan might include:

Home improvement or renovations
Debt consolidation
Medical bills or expenses
Sending a child to college
Tuition expenses
Pool installation
Roof repairs

There are many reasons not included in the ones listed above. If you need help securing a $45,000 loan, you can check offers at Acorn Finance.

which lenders you pre-qualify for with Acorn Finance. The application is online and can be done in a few minutes. Comparing loan offers is important, especially with larger loan amounts. A slightly higher interest rate can make a big difference on a loan amount such as $45,000. You will also want to compare origination fees or other fees a lender may charge.

What is the best way to get a $45K personal loan?

For a $45,000 personal loan, you may want to consider an online lender. Online lenders usually have reduced overhead costs, thus allowing them to offer more competitive interest rates.In addition, most online lenders are familiar with the online world they operate in. With increased competition, they understand the need to have compelling loan offers and terms in order to win your business. However, it is worth shopping around for many different lenders before choosing the one you want. 
If you don't want to use an online lender, you can check with banks and credit unions. The bank you currently have an account with might even offer loans of this size. Credit unions can also be an excellent choice if you don't want to work with your personal bank or need a loan with better terms than your bank can provide.

If you are unfamiliar with your credit score, you may want to check it before you apply for a loan. Having access to regularly monitor your credit score is a smart thing to do. You can get fraud alerts or usage alerts faster. In addition, some applications such as Credit Karma offer tips on how to improve your credit score. You will want to make sure that your credit score is as high as possible before applying for a $45,000 personal loan.

If you need help finding online lenders or places that offer $45,000 loans, let Acorn Finance help you. You can check personal loan offers within 60 seconds or less with no impact on your credit score. Taking advantage of an online platform such as Acorn Finance is one of the best ways to shop for a personal loan. It can save you time while helping ensure that you select the best offer.

Can I get a personal loan for $45,000 online?

This depends on the lender. Some lenders offer a complete application and process online. Some can even accept an online electronic signature and have ways for you to verify your identity online. This has become a popular procedure because it is more convenient for the lender and the borrower. You can also receive your funds much quicker if you do the process online. 
However, not every lender will allow you to do the process online. They might want to set up a meeting with you in person so they can see you and talk to you directly. This is more common if you choose to take the loan from a bank or credit union as they have actual offices.

Some lenders might not require you to come into the office, but they may ask to speak to you over the telephone. This is usually just a way to verify your identity and ensure they are giving the money to the correct person.

Closing thoughts
At the end of the day, getting a $45K loan should be a well thought decision. Comparing offers should be an important part of the process. However, you will want to avoid applying to several different lenders if they are going to pull your credit.

If you are on the hunt for a competitive $45K personal loan, you should start by checking offers at Acorn Finance. Acorn Finance has trustworthy lending partners that can offer APRs as low as 6.99% depending on your credit score. Individuals can discover simple and competitive payment options through Acorn Finance. At Acorn Finance, you can submit one application and receive loan offers in 60 seconds or less with no impact to your credit score. Once you have claimed the best offer and finalized the loan, you can receive funds quickly.
Discover competitive $45K personal loan offers. . . apply online today!

Compare Rates From Top Lenders

Popular Home Improvement Projects

Barn Financing Options

One home, endless possibilities


Personal Loan Information