A personal loan is a flexible financial tool that can be used for nearly any purpose, from consolidating debt to renovating your home to getting through a financial rough patch.
But because a $60,000 loan is relatively large, lenders may have stricter qualifications — and fewer lenders offer them. We'll show you where to get a $60,000 loan, how likely you are to qualify based on your credit score, and how much it could cost.
Compare rates for $60,000 loans
Advertiser DisclosureThe rates that appear are from companies from which Credible receives compensation. This compensation does not impact how or where products appear within the table. The rates and information shown do not include all financial service providers or all of the displayed lenders' available services and product offerings.
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. We collected thousands of data points on dozens of lenders for personal loans, mortgages, and student loans. Specific criteria vary by loan type, but generally include interest rates, loan terms, eligibility requirements, transparency, funding times, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
Overview
LightStream is one of three Credible partner lenders to offer loan amounts up to $100,000, which makes it ideal for financing large expenses. Plus, rates on LightStream personal loans were the lowest among all Credible partner lenders, on average, for borrowers with good, very good, and excellent credit, according to Credible personal loans data over the past year. There are no origination fees and loans can be used for a wide range of purposes
Funds are available as soon as the same day you apply, and you'll have up to 20 years to repay certain types of loans, including home improvement loans, RV loans, and boat loans.
Unlike most lenders, LightStream does not let you prequalify on its site — but you can prequalify through Credible. LightStream scored better than average in J.D. Power's 2025 U.S. Consumer Lending Satisfaction Study, beating out online lender SoFi by one position.
pros
- Same-day funding available
- High maximum loan amount
- No origination fee
cons
- Good credit required
- No prequalification process
- Not available in Vermont
Repayment terms
2 - 20 years, depending on loan purpose
Eligibility
Available in all states except VT
Time to get funds
As soon as the same business day
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. We collected thousands of data points on dozens of lenders for personal loans, mortgages, and student loans. Specific criteria vary by loan type, but generally include interest rates, loan terms, eligibility requirements, transparency, funding times, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
Overview
LendingClub makes loans to borrowers across the credit spectrum and stands out for its low rates, based on Credible personal loan data. The lender had some of the lowest APRs for borrowers with fair credit (FICO 580 - 669), very good credit (FICO 740 - 799), and excellent credit (FICO 800+), compared to other Credible partner lenders. The lender has a low minimum income requirement, wide availability, and offers a mobile app for streamlined loan management.
LendingClub may charge an origination fee between 3% and 8%.
pros
- Mobile app
- Low minimum income requirement
- High close rate on loans made through Credible
- Available in all states
cons
- Origination fee
- No discounts
Eligibility
Available in all 50 states
Time to get funds
As soon as next-day funding once approved
Loan uses
Debt consolidation, paying off credit cards
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. We collected thousands of data points on dozens of lenders for personal loans, mortgages, and student loans. Specific criteria vary by loan type, but generally include interest rates, loan terms, eligibility requirements, transparency, funding times, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
Overview
SoFi personal loans feature high loan amounts, competitive interest rates, as soon as same-day funding, and long loan terms, plus discounts for autopay and direct pay. Plus, SoFi offers live chat and free financial advice for customers. Unlike many other online lenders, SoFi is an FDIC-insured bank, which means SoFi makes loans directly and does not partner with a third-party to originate loans. It also means that you could have your checking, savings, and loan accounts all in one place.
To qualify for an unsecured loan, it's best to have good credit. But unlike other lenders, SoFi doesn't specify a credit score minimum. It also has optional origination fees — you might elect to pay on to reduce your interest rate. Minimum loan amounts start at $5,000.
pros
- Large loan amounts available
- Autopay and direct pay discounts
- Same day funding
- Long loan terms available
cons
- Not transparent about minimum credit score requirements
- 5,000 minimum loan amount
Fees
Option to pay an origination fee in exchange for a lower rate
Time to get funds
Typically within a few days, given approval and bank account verification, but sometimes within the same day
Loan uses
Solely for personal, family, or household uses
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. We collected thousands of data points on dozens of lenders for personal loans, mortgages, and student loans. Specific criteria vary by loan type, but generally include interest rates, loan terms, eligibility requirements, transparency, funding times, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
Overview
BHG Financial stands out for offering the largest loan amounts — up to $250,000 — of any Credible partner lenders. Simply put, if you need an unsecured personal loan over $100,000, there are very few places to look, but BHG is one. You'll have up to 10 years to repay the loan, but you'll need an annual income of at least $100,000 to qualify and a FICO score that's 660 or higher.
Loan amounts start at $20,000, so look elsewhere for small loans. And BHG charges a modest origination fee between 3% and 4%, depending on your financial profile. Loan funds are available within five to 14 days of loan approval and must be used for debt consolidation or credit card refinancing.
pros
- Eligible applicants can borrow up to $250,000
- Considers borrowers with fair credit
- Long repayment terms
cons
- Not available in CT, ID, IL, LA, MD, ME, MT, ND, and VT
- No discounts
- Minimum annual income requirement of $100,000
- Funding takes at least five days
Fees
Origination fees, late fees, other fees may apply
Eligibility
Available in all states except CT, ID, IL, LA, MD, ME, MT, ND, and VT
Loan uses
Debt consolidation, credit card refinancing
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. We collected thousands of data points on dozens of lenders for personal loans, mortgages, and student loans. Specific criteria vary by loan type, but generally include interest rates, loan terms, eligibility requirements, transparency, funding times, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
Overview
LightStream is one of three Credible partner lenders to offer loan amounts up to $100,000, which makes it ideal for financing large expenses. Plus, rates on LightStream personal loans were the lowest among all Credible partner lenders, on average, for borrowers with good, very good, and excellent credit, according to Credible personal loans data over the past year. There are no origination fees and loans can be used for a wide range of purposes
Funds are available as soon as the same day you apply, and you'll have up to 20 years to repay certain types of loans, including home improvement loans, RV loans, and boat loans.
Unlike most lenders, LightStream does not let you prequalify on its site — but you can prequalify through Credible. LightStream scored better than average in J.D. Power's 2025 U.S. Consumer Lending Satisfaction Study, beating out online lender SoFi by one position.
pros
- Same-day funding available
- High maximum loan amount
- No origination fee
cons
- Good credit required
- No prequalification process
- Not available in Vermont
Repayment terms
2 - 20 years, depending on loan purpose
Eligibility
Available in all states except VT
Time to get funds
As soon as the same business day
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. We collected thousands of data points on dozens of lenders for personal loans, mortgages, and student loans. Specific criteria vary by loan type, but generally include interest rates, loan terms, eligibility requirements, transparency, funding times, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
Overview
LendingClub makes loans to borrowers across the credit spectrum and stands out for its low rates, based on Credible personal loan data. The lender had some of the lowest APRs for borrowers with fair credit (FICO 580 - 669), very good credit (FICO 740 - 799), and excellent credit (FICO 800+), compared to other Credible partner lenders. The lender has a low minimum income requirement, wide availability, and offers a mobile app for streamlined loan management.
LendingClub may charge an origination fee between 3% and 8%.
pros
- Mobile app
- Low minimum income requirement
- High close rate on loans made through Credible
- Available in all states
cons
- Origination fee
- No discounts
Eligibility
Available in all 50 states
Time to get funds
As soon as next-day funding once approved
Loan uses
Debt consolidation, paying off credit cards
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. We collected thousands of data points on dozens of lenders for personal loans, mortgages, and student loans. Specific criteria vary by loan type, but generally include interest rates, loan terms, eligibility requirements, transparency, funding times, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
Overview
SoFi personal loans feature high loan amounts, competitive interest rates, as soon as same-day funding, and long loan terms, plus discounts for autopay and direct pay. Plus, SoFi offers live chat and free financial advice for customers. Unlike many other online lenders, SoFi is an FDIC-insured bank, which means SoFi makes loans directly and does not partner with a third-party to originate loans. It also means that you could have your checking, savings, and loan accounts all in one place.
To qualify for an unsecured loan, it's best to have good credit. But unlike other lenders, SoFi doesn't specify a credit score minimum. It also has optional origination fees — you might elect to pay on to reduce your interest rate. Minimum loan amounts start at $5,000.
pros
- Large loan amounts available
- Autopay and direct pay discounts
- Same day funding
- Long loan terms available
cons
- Not transparent about minimum credit score requirements
- 5,000 minimum loan amount
Fees
Option to pay an origination fee in exchange for a lower rate
Time to get funds
Typically within a few days, given approval and bank account verification, but sometimes within the same day
Loan uses
Solely for personal, family, or household uses
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. We collected thousands of data points on dozens of lenders for personal loans, mortgages, and student loans. Specific criteria vary by loan type, but generally include interest rates, loan terms, eligibility requirements, transparency, funding times, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
Overview
BHG Financial stands out for offering the largest loan amounts — up to $250,000 — of any Credible partner lenders. Simply put, if you need an unsecured personal loan over $100,000, there are very few places to look, but BHG is one. You'll have up to 10 years to repay the loan, but you'll need an annual income of at least $100,000 to qualify and a FICO score that's 660 or higher.
Loan amounts start at $20,000, so look elsewhere for small loans. And BHG charges a modest origination fee between 3% and 4%, depending on your financial profile. Loan funds are available within five to 14 days of loan approval and must be used for debt consolidation or credit card refinancing.
pros
- Eligible applicants can borrow up to $250,000
- Considers borrowers with fair credit
- Long repayment terms
cons
- Not available in CT, ID, IL, LA, MD, ME, MT, ND, and VT
- No discounts
- Minimum annual income requirement of $100,000
- Funding takes at least five days
Fees
Origination fees, late fees, other fees may apply
Eligibility
Available in all states except CT, ID, IL, LA, MD, ME, MT, ND, and VT
Loan uses
Debt consolidation, credit card refinancing
Where to get a $60,000 loan
Traditional banks, credit unions, and online lenders may offer $60,000 loans. However, many lenders cap loans at $50,000 — or even lower. As a result, you’ll have fewer options when seeking a $60,000 loan.
The good news is there are still a handful of online lenders that offer $60,000 loans, including the following Credible partners. Other lenders offering $60,000 loans include Wells Fargo, Navy Federal, USAA, and Alliant.
Advertiser Disclosure
We receive compensation from the companies below if you purchase a product. Amount of compensation does not impact the ranking or placement of a particular product. Not all available financial products and offers from all financial institutions have been reviewed by this website. This content is not provided by Credible or any of the Providers on the Credible website. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by Credible.
Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. We collected thousands of data points on dozens of lenders for personal loans, mortgages, and student loans. Specific criteria vary by loan type, but generally include interest rates, loan terms, eligibility requirements, transparency, funding times, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
Loan Amount
$5,000 to $100,000
Advertiser Disclosure
We receive compensation from the companies below if you purchase a product. Amount of compensation does not impact the ranking or placement of a particular product. Not all available financial products and offers from all financial institutions have been reviewed by this website. This content is not provided by Credible or any of the Providers on the Credible website. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by Credible.
Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. We collected thousands of data points on dozens of lenders for personal loans, mortgages, and student loans. Specific criteria vary by loan type, but generally include interest rates, loan terms, eligibility requirements, transparency, funding times, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
Loan Amount
$5,000 - $100,000
Min. Credit Score
Does not disclose
Advertiser Disclosure
We receive compensation from the companies below if you purchase a product. Amount of compensation does not impact the ranking or placement of a particular product. Not all available financial products and offers from all financial institutions have been reviewed by this website. This content is not provided by Credible or any of the Providers on the Credible website. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by Credible.
Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. We collected thousands of data points on dozens of lenders for personal loans, mortgages, and student loans. Specific criteria vary by loan type, but generally include interest rates, loan terms, eligibility requirements, transparency, funding times, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
Loan Amount
$1,000 to $60,000
Advertiser Disclosure
We receive compensation from the companies below if you purchase a product. Amount of compensation does not impact the ranking or placement of a particular product. Not all available financial products and offers from all financial institutions have been reviewed by this website. This content is not provided by Credible or any of the Providers on the Credible website. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by Credible.
Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. We collected thousands of data points on dozens of lenders for personal loans, mortgages, and student loans. Specific criteria vary by loan type, but generally include interest rates, loan terms, eligibility requirements, transparency, funding times, repayment options, fees, discounts, customer service, cosigner options, and more.
Read our full methodology.
Loan Amount
$20,000 to $250,000
Approval estimates for $60,000 loans
We looked at how likely potential borrowers were to qualify for a $60,000 loan based on a year's worth of prequalification data from the Credible personal loan marketplace. Prequalification is not an offer of credit or a guarantee of approval. But a high prequalification rate for your credit score tier could indicate a higher chance of being approved for a $60,000 loan.
Data are for borrowers who used the Credible marketplace from August 2024 through July 2025 to shop for a $60,000 loan. Source: Credible
Top loan purposes of $60,000 loans
Most people who got a $60,000 loan through Credible used it for debt consolidation or credit card refinancing.
Loan purposes are for closed $60,000 loans (+/- $2,500) from August 2024 through July 2025 with average borrower TransUnion V9 credit scores. Source: Credible
What to consider before taking out a $60,000 loan
Here’s what you should consider before applying for a $60,000 loan.
- Know your credit history: Because $60,000 is a relatively large amount for a personal loan, fewer lenders offer $60,000 loans. This means it could be harder to qualify for a $60,000 loan than a $50,000 loan, which many more lenders are willing to fund. You’ll typically need good or excellent credit (a FICO score of 670 or higher) and may need to meet certain income requirements. You should also make sure there are no delinquent accounts or recent missed payments on your credit report. You can visit AnnualCreditReport.com for free credit reports. You can also get your free credit score from Credible.
- Check your budget: Personal loan terms typically range from as short as 1 year to as long as 7 years. As a result, even with a long loan term, you should expect a large monthly payment. Check your budget ahead of time to ensure you can fit the payment in with your other expenses.
- Run the numbers to ensure a personal loan is the right option: Personal loans are flexible and can be used for many purposes, but it’s important to consider all of your options before borrowing. Consider whether home equity loans or lines of credit, for example, might be more cost-effective. Just remember that those loans are secured by your home, so you could face foreclosure if you can’t make payments.
- Compare your options: Shop around and compare your options before choosing a loan. Many lenders allow you to prequalify, which won’t impact your credit score.
Learn More: Where Can I Get a Personal Loan?
Get your financial goals on track
Free credit score, automatic debt tracking, and goal setting all in one place.
Get StartedPros and cons of a $60,000 loan
A $60,000 personal loan can be an excellent solution for some situations, but be aware of the benefits and risks before borrowing:
Pros
- Can be used for almost anything
- Lower APRs
- No collateral required
- Positive impact on credit
Cons
- Fewer lenders to choose from
- Requires fair or better credit
- Higher monthly payments/longer repayment term
- Negative impact on credit
Pros:
- Can be used for almost anything: One of the key benefits of personal loans is they can be used for nearly any legal purpose. Though some lenders have some restrictions, you can typically use them for debt consolidation, large purchases, financial emergencies, and more.
- Lower APRs: Personal loans generally have far lower annual percentage rates (APRs) than credit cards. The APR represents the total cost of borrowing on an annual basis, and accounts for the interest rate and any upfront fees the lender charges. Whether you’re making a large purchase or consolidating credit card debt, you could save a lot by choosing a personal loan over a credit card.
- No collateral required: Personal loans are typically unsecured, which means they don’t require collateral.
- Positive impact on credit: A personal loan can help your credit over time if you make on-time payments. If you’re consolidating credit card debt, you could see a jump within one month of using the loan to pay off your balances. However, most lenders conduct a hard credit pull when you apply which could initially ding your score by a few points.
Cons:
- Fewer lenders to choose from: There are only a handful of lenders that offer personal loans of more than $50,000. This could make it more difficult to find one that fits your needs.
- Requires fair or better credit: It's best to have good or excellent credit to qualify, though around 30% of applicants with fair credit were able to prequalify for a $60,000 loan, according to Credible personal loans data. Some lenders offer personal loans to borrowers with bad credit, but they generally don’t offer loans as high as $60,000.
- Higher monthly payments/longer repayment term: A $60,000 loan will result in significantly higher monthly payments than a smaller loan. As a result, you may need to choose a longer repayment term, which could tie up resources you might use for other life goals like saving or home improvements.
- Negative impact on credit: Though a personal loan can improve your credit score if managed responsibly, it can also hurt it, especially in the short term. Not only will most lenders perform a hard inquiry when you apply, but you’ll also be adding a new account with a high balance to your credit report.
How much will a $60,000 loan cost?
The cost of a $60,000 loan depends on your interest rate, upfront fees, and the repayment term you choose. Your interest rate can be affected by several factors, including your credit score, debt-to-income ratio (DTI), and more. However, the most important factor is your credit score. The higher your credit score, the lower the interest rate, in most cases.
A good credit score can save you hundreds of dollars per month in interest, especially on a large loan, potentially saving you tens of thousands of dollars over the life of the loan.
Cost comparison: $60,000 loans at different APRs
The graph below illustrates how different APRs will affect how much you'll pay over the life of the loan.
Expert editor insight: “As the loan amount you need to borrow increases, so does the dollar amount of interest you'll pay. For large loans, like a $60,000 loan, aim to keep interest costs down by choosing the shortest repayment term you can afford. Your monthly payment will be higher, but your APR will likely be lower and you'll pay interest for a shorter period of time — drastically reducing costs.”
— Meredith Mangan, Senior Personal Loans Editor, Credible
Personal loans calculator
If you decide to take out a personal loan, use a personal loan calculator to determine interest charges over time.
How to get a $60,000 loan
Getting a $60,000 personal loan takes a few relatively simple steps. Here’s how to get started:
- Check your credit score: As mentioned, it's best to have good or excellent credit to qualify for a $60,000 personal loan. If you can't qualify on your own, consider getting a joint loan with a co-borrower with good credit. LightStream allows you to apply with co-borrower.
- Get prequalified: Most lenders let you prequalify for a loan to gauge eligibility and estimate your rate without impacting your credit. Keep in mind that prequalification doesn’t guarantee approval, is not an offer of credit, and your final rate may differ. You can prequalify with all the lenders on this page by clicking “Check Rates” above.
- Complete your loan application: You’ll have to provide your contact information, Social Security number, information about your employment, income, and more. Once you submit the application, most lenders will perform a hard credit inquiry, which can temporarily lower your credit score.
- Additional documentation: Your lender may ask for additional information, such as tax statements or other proof of income.
- Receive your loan funds: Depending on the lender, your loan application could be approved right away. Some lenders are able to provide funds the same day you're approved provided you sign all necessary documentation by the lender's same-day funding cutoff time. But most deliver funds within a few business days.
Learn More: How Long Does It Take To Get a Personal Loan?
FAQ
How hard is it to get a $60,000 loan?
Open
$60,000 is a relatively large amount for a personal loan, meaning lenders may have stricter eligibility requirements to qualify.
The ease with which you can get a loan for $60,000 depends on several factors, including your credit score and the lender you choose. Make sure you meet the lender's minimum credit score requirement before applying.
Read more: What Are the Requirements for a Personal Loan?Can I get a $60,000 loan with bad credit or no credit history?
Open
In most cases, you won’t be able to get a $60,000 loan with bad credit or no credit history. While some lenders offer loans to borrowers with bad credit, loan amounts are generally lower than $60,000.
As a result, you’ll either need good credit or a cosigner with good credit to qualify. Consider improving your credit before applying for a large loan.
How long will it take to pay off a $60,000 loan?
Open
Some lenders offer repayment terms up to seven years. But you could choose a shorter loan term to pay off your loan more quickly or pay it off early. Most lenders, including all Credible partner lenders, do not charge prepayment penalties.
Keep in mind that a shorter loan term will likely result in a higher monthly payment but a lower interest rate. In order to avoid missing payments and hurting your credit, choosing the shortest term with a payment you can comfortably afford.
Meet the expert:
Erin Gobler
Erin Gobler has covered personal finance for more than 10 years, with expertise on mortgages, student loans, and credit cards. Erin's work has been featured by Fox, Business Insider, GOBankingRates, Newsweek Vault, and CNN.
