$70,000 Personal Loans

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Won't impact your credit

Checking offers will not impact your credit score*

Competitive payment options

Funding up to $100,000 and APRs as low as 3.99%*

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Same-day and next-day available for certain offers*

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FAQs & Information for 70k Personal Loans

If you are on the lookout for a $70000 loan, you are probably concerned with getting fair interest rates, affordable monthly payments, and a general payment term that will suit your income needs. But, as you already know, a loan for this amount is nothing to play around with, especially when it will come time to pay it back.
As you may already know there are various types of $70,000 loans. Have you already determined what kind of loan you need? Some options could be an unsecured personal loan or a secured loan such a car loan or home loan. If you have an idea of the type of loan you want, you are headed in the right direction. If not, you should have a better idea after reading the information below.
If you are looking for how to get a $70,000 loan with bad credit, you may have a difficult time uncovering the secret as there probably isn’t one. If you have bad credit and are in pursuit of borrowing money, you may need to take a step back and work on rebuilding your credit. Do you have accounts in collections that need to be repaid? Have you missed payments on accounts? Revisiting old pieces of credit you may have defaulted on is a good way to get your credit headed in the right direction again.

Quick. Simple. Secure.

How To Apply For $70,000 Personal Loans

1 Pre-qualify

Fill out easy online form to check for pre-qualified offers with no impact to your credit score

2 Select offer

Compare terms and payment options to select offer that’s best for you

3 Finish application

Complete application process on your selected lender’s website*

4 Receive funding

After loan approval, your funds should arrive within 1-2 business days*


“The process couldn’t have been any easier. I filled out a short form that took me less than 2 minutes and within seconds I got multiple offers from lenders.”


- Mike T. (TN)

“It was important to me that I could review my offers without any impact to my credit score, before deciding on the best loan option.”


- Carol R (FL)

“I like the easy online and 100% paperless experience of Acorn Finance. I received my money two days after completing my application.”


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Learn More About $70,000 Personal Loans

Keep reading to learn more about $70,000 loans.

Read more - FAQ

How can I get a $70k personal loan?

The first step toward getting a $70k personal loan is finding a lender that offers them. The
next step is submitting an application and seeing if you qualify. Your primary financial institution may offer
personal loans. If you prefer to work with a preferred lender, you could start by seeing if they offer $70k personal
loans. Whether they can offer you a $70k loan or not, you should compare offers. It may sound exhausting to navigate
through countless Google searches trying to find lenders that offer $70k personal loans. Luckily, you don’t have to.
At Acorn Finance, you can check offers within seconds with no impact to your credit score.

How much would a $70,000 loan cost?

Borrowing $70,000 dollars and repaying it monthly may sound peachy. That is until you dive into
how much it might cost you. But in some cases it may still make sense. In the next section, we will take a closer look
at how much interest you might pay on a $70,000 loan. For now, let’s just say that with a loan amount like $70,000,
interest can make a much bigger impact than on a loan amount like $5,000. Pay close attention.
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 $70,000 loan?

When borrowing larger amounts of money like $70,000, you will want to keep a close eye on the
total interest charge. While it may be completely unavoidable, there may be ways you can reduce it. If you can pay a
little extra each money, this may help you save on interest in the long run. When comparing personal loan offers your
focus may go straight to the interest rate, you should know that the term can also impact the amount of interest paid.
After you consider the whole picture, you should determine whether you really need to borrow the money or not. If you
plan to spend the money on a home improvement project that may increase home value, this may help offset some of the
interest paid. In addition, if you are using a personal loan for debt consolidation, the interest paid on the personal
loan may be far less than the interest being charged on current accounts. So let’s take a look at what interest might
cost you.
For example, let’s say you take a 70k personal loan with a 9.99% interest rate for 10 years. With a monthly payment of
about $925, the total interest paid on the loan after 120 payments would be around $40,960.
Now let’s compare this example to another example. Let’s say you take a 70k personal loan with a 8.99% interest rate
for 12 years. With a monthly payment of about $796, the total interest paid on the loan after 144 payments would be
around $44,657.
You may be pumping the breaks here after seeing those figures. In all honesty, if you can save up the cash and avoid
taking a loan it may save you money in the long run. However, this may not be an option. If you need to borrow the
money just be sure to keep a close eye on the fine print. 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 $70,000 loan?

Monthly payments can vary and usually depend on loan terms. Therefore, the best way to estimate
a monthly payment is to get prequalified and use a personal loan payment calculator. You can speculate what your
payment may or not be all day by using advertised rates but if you are serious about getting a $70,000 loan you will
need to have a fairly accurate estimate of what the monthly payment might be. Alternatively, you may find out that you
don’t qualify for a $70,000 personal loan.

Do I need good credit for a $70k personal loan?

Yes, you will need good credit to qualify for a $70,000 loan, especially if there is no collateral involved. There is
significant risk for lenders that loan $70,000 with no collateral. If the borrower repays in a timely manner, the lender
can profit from interest, which is the motive for lending the money. However, if a borrower defaults on a $70,000 loan
with no collateral, the lender may just be at a total loss. When lenders evaluate applications for $70,000 loans, they
usually automatically turn down borrowers with less than perfect credit.

What do lenders look for when approving a $70k personal loan?

Before you can secure a $70000 loan, you will need to prove to the lender that you are fully
capable of paying it back in full. Typically, lenders will determine if this is possible by looking at a few pieces of
information from you:
Your credit score
Your credit history
Your debt-to-income (DTI) ratio.

Is a personal loan the best way to borrow $70,000?

This is something you will have to decide for yourself. It may be the best way to borrow $70,000
but it depends on what options you are comparing it to. When you start getting into higher personal loan amounts such
as $70,000, you may have other options that make sense. Before committing to a $70,000 personal loan you may want to
consider a secured loan. If you can qualify for a secured loan it might offer a lower interest rate. Secured loans
require collateral, thus reducing the risk for the lender. In exchange, they may be able to offer you a lower interest

Where can I get approved for a $70k personal loan?

When it comes time to apply for a $70,000 personal loan, you will definitely want to compare
offers. At Acorn Finance you can get prequalified in seconds. So how does it work? When you submit an application at
Acorn Finance you are opening the door for several top-rated lenders to send you competitive personal loan offers.
Checking offers at Acorn Finance does not impact your credit score.

How long of a loan can I get for $70,000?

A $70,000 unsecured personal loan is a great deal of money, and even if you can afford it, the monthly payments for
shorter loan periods are going to be quite high. With an unsecured personal loan you may find loan terms up to 12
years. With a secured loan such as a home equity loan, you may find terms up to 30 years. The loan terms available can
vary depending on the lender and what you qualify for. To afford a $70,000 loan, you may need a longer loan term.
However, this can result in high interest charges. The shorter the loan term, the cheaper the loan cost. While a
3-year or 5-year loan term might come with a high monthly payment, it’s not impossible to repay a $70,000 loan within
these terms. In some cases, borrowers prefer to go with a longer loan term with the intention of paying the loan off
early. If you can pay a personal loan off early, you can save money on interest. However, if finances are tight some
months, you are committed to a lower monthly payment. Whatever term you decide to go with, always make sure that you
can afford the monthly payment. If you start missing payments, the penalties and fees you may be charged could greatly
extend the amount of time it takes you to pay off the $70,000. The more time it takes, the more money it is going to
cost you.

Monthly payments can extend past $2,000 if you are exploring 36-month personal loans. If you take out $70,000 for
36-months at a 7% interest rate, you could see monthly payments of around $2,161. Your total interest paid at the end
of the 36-month period would be close to $7,810. If you can afford the monthly payments, then $7,810 is not a terrible
amount of interest on a $70,000 loan.

Even if you push that loan period out to 5-years or 60-months, you could significantly drop the monthly payment down
to a reasonable $1,386 a month and pay around $13,165 in overall interest. A 7-year loan for the same amount and same
interest rate would get your payment closer to $1,056 a month, but the overall interest would tally up to around

Some lenders may let you push the loan out even further. At Acorn Finance, our lending partners can offer loan terms
up to 12 years. If you take out $70,000 over 12-years at a 7% interest rate, your monthly payments may only be around
only $720 a month, but you will have paid over $33,000 in interest when all is said and done. The interest paid might
be worth it to you, depending on how badly you needed the money or what the money was worth to you. If you are making
home improvements, you may be willing to pay more to borrow money in hopes of recouping most of your investment.

If you want to borrow $70,000 with an unsecured personal loan, you will likely need excellent credit and plenty of
income to qualify. If you are unable to lock in a competitive interest rate, you may want to go back to the drawing
board. Borrowing an amount like $70,000 deserves careful thought and plenty of research. While there are several
reasons why a personal loan can be better for borrowers, you may be able to keep loan costs lower with an alternative
option. A majority of lenders offer personal loans but only a handful can offer personal loans up to $70,000. At Acorn
Finance, you can check personal loan offers up to $100,000, depending on your credit score.

No matter how much you decide to borrow in an unsecured personal loan, you should strive to lock in the lowest
interest rates possible. Doing so can sometimes mean the difference of thousands of dollars.

Before you apply for a $70,000 loan, you should check your credit report to see if there are any items that you could
take care of right away that would increase your credit score. You might want to clear a debt or two that may be
sitting in collections. You may want to pay down as much credit card debt as you can. Any step you take could increase
your credit score and therefore allow you to qualify for lower interest rates. Even a bump in credit score of 25 to 50
points could make a big difference to push you into the next credit rating and help you find lenders with even lower
interest rates.

Is a $70,000 personal loan worth it?

There are many circumstances where taking out an unsecured personal loan for $70,000 may be
worth it. There are many circumstances where it will not be worth it. Most of it depends on your credit score, the
interest rate you can qualify for, and the length of the loan repayment period that you go with. When you get into the
higher interest rates, there are times where you may be signing up for a loan that will end with you paying more in
interest than the principal of the loan. That is why it is extremely important that you use a loan calculator to
determine not only what your monthly payments will be based on a loan’s terms, but how much you will pay in interest
over the life of the loan.

What can I do with a 70k personal loan?

A 70k personal loan can be used for a variety of purposes. Whether you need to make home
improvements or finance a wedding, you can use a personal loan. Most lenders do not have spending restrictions, thus
allowing borrowers to spend the funds however they would like. If you have several upcoming projects or expenses, you
may prefer to use one personal loan to afford them all. Before borrowing $70,000 you should know how it will be spent.

What is the best way to get a 70k personal loan?

The first step toward securing the best personal loan is to compare offers. If you have a good relationship with a
local bank or credit union you may want to see what they can offer. Banks and credit unions may be able to offer more
lending products compared to online lenders. If you want to use a personal loan, you may need to use an online lender
to find personal loan amounts up to $70,000. At Acorn Finance you can get prequalified for $70,000 with no impact on
your credit score. With a top rated network of lenders, you can receive multiple personal loan offers and compare them
all in one place.

Browse each of the lenders to see what kind of terms, interest rates, and special features they can offer you for your
loan. When you find an offer that looks good to you, you can then work out all the final details directly with the
Once the loan is approved, you could see the money deposited into your bank account in as little as one business day,
although funding times may vary.

Can I get a personal loan for $70,000 online?

Yes, you can get a personal loan for $70,000 online. Online lending has surged in popularity in
the last several years due to its simplicity and the options that it gives borrowers. Taking advantage of platforms
such as Acorn Finance allows borrowers to compare offers from several lenders all at the same time. Platforms such as
Acorn Finance make the online loan process ultra-convenient and it shifts the power back into the hands of the
borrower who is free to choose their lender based on incentives and lower interest rates. In some cases, you can
complete the loan process from start to finish online.

Closing Thoughts

If you find yourself saying, “I need a $70000 loan,” you probably have a big purchase coming up soon. If you want to
borrow $70000, the best place to start your search is on Acorn Finance. As you know, the process of securing a loan of
this amount is something to take seriously. For this reason, let the many different lenders of Acorn Finance compete
for your business.

Acorn Finance has trustworthy lending partners that can offer APRs as low as 3.99% 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 70k personal loan offers. . . get started online today!


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