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If you’re wondering how to get a $10,000 loan, you’ve come to the right place.
Many of us have taken advantage of a personal loan, either for emergency expenses, a big event or through our student loans. Personal loans are typically unsecured and non-revolving.
When deciding on the best personal loan for your situation, many factors come into play. For example: how much are you hoping to finance? Additionally, how large a payment can you reasonably afford within your budget? The length of prepayment can also vary, depending on the lending institution.
How much you can borrow, and the interest rates you will pay, will depend on your credit score. For those rebuilding their credit, the interest rates will be higher and the loan amounts might also be smaller initially. There are also institutions who will report your on-time payments, which helps you rebuild your credit.
Compare lenders offering loan amounts more than $10,000
The personal loan companies in the table below compete for your business through Credible. You can request rates from all of these partner lenders by filling out just one form (instead of one form for each), and without affecting your credit score.
| Lender | Fixed rates | Loan amounts | |
|---|---|---|---|
 | 9.95% - 35.99% APR | $2,000 up to $35,000** | Get Rates |
*If approved, the actual loan terms that a customer qualifies for may vary based on credit determination, state law, and other factors. Minimum loan amounts vary by state. **Example: A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33. |
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 | 5.99% - 29.99% APR | $2,000 up to $35,000 | Get Rates |
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 | 6.99% - 29.99% APR | $10,000 up to $35,000 | Get Rates |
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 | 6.95% - 35.89% APR | $1,000 up to $40,000 | Get Rates |
LendingClub personal loans review †Based on a majority of borrowers from LendingClub's marketing partners who were issued loans between 1/1/19-12/13/19. The time it takes for your loan to be funded may vary. |
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 | 15.49% - 34.99% APR | $2,000 up to $25,000 | Get Rates |
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 | 4.99% - 16.79% APR | $5,000 up to $100,000 | Get Rates |
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 | 6.99% - 28.99% APR1 (For NY residents: 6.99% - 24.99% APR) | $3,500 to $40,0002 | Get Rates |
1Rate reduction available for AutoPay. 2You may be required to have some of your funds sent directly to pay off outstanding unsecured debt. 3After making 12 or more consecutive monthly payments, you can defer one payment as long as you have made all your prior payments in full and on time. Marcus will waive any interest incurred during the deferral and extend your loan by one month (you will pay interest during this extra month). Your payments resume as usual after your deferral. Advance notice is required. See loan agreement for details. |
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 | 5.99% - 24.99% APR | $5,000 up to $35,000 | Get Rates |
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 | 6.95% - 35.99% APR | $2,000 up to $40,000 | Get Rates |
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 | 5.99% - 21.11% APR | $5,000 to $100,000 | Get Rates |
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 | 7.99% - 35.97% APR | $1,000 up to $50,000 | Get Rates |
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 | 6.14% - 35.99% APR4 | $1,000 to $50,0005 | Get Rates |
4The full range of available rates varies by state. The average 3-year loan offered across all lenders using the Upstart platform will have an APR of 20% and 36 monthly payments of $35 per $1,000 borrowed. There is no down payment and no prepayment penalty. Average APR is calculated based on 3-year rates offered in the last 1 month. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved. 5Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Loans are not available in West Virginia or Iowa.The minimum loan amount in MA is $7,000. The minimum loan amount in OH is $6,000. The minimum loan amount in NM is $5,100. The minimum loan amount in GA is $3,100. 6If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law. |
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How to get a Personal loan for $10,000 or more
Here are some lending institutions and the limits on what they will lend.
Banks and credit unions
These institutions offer personal loans, along with checking, savings and other secured and unsecured loans. A personal loan may also be available through a line of credit, which can be revolving.
The limits vary from institution to institution, but whether you are looking for a $2,000 personal loan, a $4,000 loan, or a $10,000 loan, banks and credit unions are often willing to accommodate you.
Wells Fargo, for example, says it will lend from $1,000 to $100,000. Most banks do not include a prepayment penalty, although there may be an origination fee.
The interest rates are usually fixed and are often some of the lowest available, with a specific payment over the life of the loan. Another plus is that your personal bank may offer discounts based on your current relationship.
Payday loans
These loans are directly tied to your income. Thus, the loan amount could be higher based on your take home income every month. If you are looking for a $10,000 loan, you probably won’t have any luck with a payday lender. Generally, payday loans are capped at $1,000, but limits vary from state to state.
Interest rates on payday loans are significantly higher than other personal loans — it can work out to 400 percent annual interest.
There are no interest reductions for early prepayment. The lending period is limited to the next payday, or no more than 30 days, but typically averages two weeks. These types of loans are usually considered an emergency option, but not a cheap way to reduce other debt.
Online loans
You can shop the websites of online lenders or brokers 24 hours a day, seven days a week. Brokers may have a group of lenders or investors who provide the funds. Whether you’re looking for a $2,000 loan or a $10,000 loan, you may be able to find it online.
An example is Prosper, which offers marketplace or peer-to-peer lending.
Prosper offers fixed-rate, fully amortizing personal loans from $2,000 to $35,000, with terms of 3 or 5 years, depending on Prosper’s rating Loan terms of 3 and 5 years are available, depending on the loan amount and your “Prosper Rating” — an evaluation of how likely you are to repay the loan.
As would be expected, interest rates for borrowers with better credit can be significantly lower than those with poor credit.
But borrowers who have been turned down by traditional lending institutions may have more luck getting approved by online lenders, who sometimes use alternative methods of evaluating borrower risk. While some will turn down those with bad credit scores, others are more open to lending to “risky” borrowers — for a price.
Online lenders will want to see proof of income, and perhaps length of employment. The APR can be high on smaller loans, but may be discounted for larger loans. The loan term is dependent upon the lender. There may also be prepayment penalties for early payoff of the loan.
With all of these loan options, the money is usually available to the borrower within 24 hours or less, by means of cash or direct deposit. It’s important to do your research to find the best interest rate and terms available based on your credit score and other factors as defined by the lender.
For those rebuilding credit, try to find a personal loan that will report your timely payments and thus give your score a boost.
Ready to find your personal loan? Credible makes it easy to find the right loan for you.
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About Rates and Terms: Rates for personal loans provided by lenders on the Credible platform range between 3.99% - 35.99% APR with terms from 24 to 84 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 8%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 11.51%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 12, 2019, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.