$50,000 Loans: Find the Best in 2025
— Comparison updated Jun 2025
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All unsecured personal loans through Upstart offer a fixed rate and range between 6.6% - 35.99% APR based on 5-year rates offered in March 2025. The lowest rates are only available to the most qualified applicants. 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.
Looking for a substantial personal loan? This guide explores $50,000 loans, providing you with essential information to make an informed decision.
Our top loan options for $50,000 loans combine competitive rates, flexible terms, and excellent customer service.
While these are our top picks, remember that the best loan for you depends on your unique financial situation. We encourage you to compare multiple options before making a decision.
Ready to explore your loan options? Use our LoanFinder™️ tool to compare personalized offers from multiple lenders in minutes.
In-Depth Analysis of $50,000 Loan Top Options
Let's dive deeper into our top two picks for $50,000 loans: Upstart and Upgrade. Both offer competitive rates and unique features that cater to different borrower needs.
Upstart is an online lending platform that uses artificial intelligence to evaluate loan applications. This innovative approach allows them to consider factors beyond traditional credit scores, potentially offering better rates to a wider range of borrowers.
Upstart offers several advantages, but it's important to consider potential drawbacks as well:
How Much Would a $50,000 Loan With Upstart Cost?
The table below illustrates the potential cost of a $50,000 loan from Upstart, assuming the minimum APR of 7.80% and no origination fee:
| Upstart: $50,000 Loan | Origination Fee (0%) | Monthly Payment (APR 7.80%) | Total Payment |
|---|---|---|---|
| 12 months | $0 | $4,338.43 | $52,061.16 |
| 24 months | $0 | $2,258.62 | $54,206.88 |
| 36 months | $0 | $1,563.52 | $56,286.72 |
| 48 months | $0 | $1,216.98 | $58,414.04 |
Remember, taking out a $50,000 loan is a significant financial decision that comes with risks. This table is just an example, and your actual loan offer may vary based on your individual financial situation and creditworthiness.
Upgrade is an online lender that offers personal loans with a focus on flexibility and accessibility. They're known for allowing joint applications and providing options for borrowers with fair credit.
Here's what stands out about Upgrade:
How Much Would a $50,000 Loan With Upgrade Cost?
Here's an example of what a $50,000 loan from Upgrade might cost, assuming the minimum APR of 9.99% and an origination fee of 1.85%:
| Upgrade: $50,000 Loan | Origination Fee (1.85%) | Monthly Payment (APR 9.99%) | Total Payment |
|---|---|---|---|
| 12 months | $925 | $4,402.78 | $53,758.36 |
| 24 months | $925 | $2,321.77 | $56,647.48 |
| 36 months | $925 | $1,625.31 | $59,536.16 |
| 48 months | $925 | $1,277.97 | $62,467.56 |
It's crucial to understand that this table provides an estimate. Your actual loan terms may differ based on your credit profile, income, and other factors. Always carefully review the terms of any loan offer before accepting.
How to Get a $50,000 Loan
In this section, we'll explore the typical requirements for a $50,000 loan, what to consider before applying, and the application process itself.
What To Consider Before Applying for a $50,000 Loan
Before you apply for a $50,000 loan, evaluate these factors:
Purpose of the loan: Ensure it's for a necessary expense or investment
Your ability to repay: Can you comfortably afford the monthly payments?
Interest rates: Compare rates from multiple lenders
Loan terms: Look at repayment periods and any fees
Impact on your credit: A large loan will affect your credit utilization ratio
Alternatives: Consider if there are other ways to meet your financial needs
Consider this before applying
Before submitting your application, make sure you've thoroughly reviewed your budget and considered the long-term impact of taking on this debt. Also, be prepared for a hard credit inquiry, which may temporarily lower your credit score.
Alternatives to a $50,000 Personal Loan
If a $50,000 personal loan isn't the right fit, consider these alternatives:
Home equity loan or HELOC: If you're a homeowner, these options may offer lower rates
401(k) loan: You can borrow from your retirement savings, but be cautious of potential penalties
Peer-to-peer lending: These platforms might offer competitive rates
Credit card balance transfer: For debt consolidation, a 0% APR balance transfer card could be an option
Negotiate with creditors: If you're consolidating debt, try negotiating with your current creditors first
What To Do Now
Finding the right $50,000 loan requires careful consideration and comparison. Use our LoanFinder™️ tool to easily compare personalized loan offers from multiple lenders.
Remember, this guide is for informational purposes only. It's always a good idea to consult with a financial advisor before taking on a significant loan. They can help you understand the long-term implications and ensure you're making the best decision for your financial future.
Disclosures
1. Your loan amount will be determined based on your credit, income, and certain otherinformation provided in your loan application. Not all applicants will qualify for the fullamount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000).
2. Although educational information is collected as part of Upstart's rate check process,neither Upstart nor its bank partners have a minimum educational attainmentrequirement in order to be eligible for a loan
3. The full range of available rates varies by state. A representative example of paymentterms for an unsecured Personal Loan is as follows: a borrower receives a loan of$10,000 for a term of 60 months, with an interest rate of 18.60% and a 8.51%origination fee of $851, for an APR of 23.07%. In this example, the borrower will receive$9149 and will make 60 monthly payments of $258. APR is calculated based on 5-yearrates offered in December 2024. There is no downpayment and no prepayment penalty.Your APR will be determined based on your credit, income, and certain otherinformation provided in your loan application. Not all applicants will be approved.
4. If you accept your loan by 5pm EST (not including weekends or holidays), you willreceive your funds the next business day. When the funds will be available to you willdepend on your bank’s transaction processing time and policies.
5. While most loans through Upstart are unsecured, certain lenders may place a lien onother accounts you hold with the same institution. There may be an option to secureyour personal loan through Upstart with your vehicle, which will require a lien to beplaced on the vehicle. It is important to review your promissory note for these detailsbefore accepting your loan.
6. When you check your rate, we check your credit report. This initial (soft) inquiry will notaffect your credit score. If you accept your rate and proceed with your application, wedo another (hard) credit inquiry that will impact your credit score. If you take out a loan,repayment information may be reported to the credit bureaus.
Frequently Asked Questions About $50,000 Loans
What credit score do I need for a $50,000 loan?
Most lenders require a credit score of at least 680 for a $50,000 loan. However, some lenders may consider scores as low as 600, especially if you have a strong income or are willing to secure the loan with collateral.
How long does it take to get approved for a $50,000 loan?
The approval process can vary from a few minutes to several days, depending on the lender. Online lenders often provide the fastest approvals, sometimes within minutes of applying.
Can I use a $50,000 loan for any purpose?
In most cases, yes. Personal loans are typically flexible and can be used for various purposes, including debt consolidation, home improvements, or major purchases. However, some lenders may have restrictions, so it's best to check with the specific lender.
What happens if I can't repay my $50,000 loan?
Failing to repay a $50,000 loan can have serious consequences, including damage to your credit score, potential legal action, and difficulty obtaining credit in the future. If you're struggling to make payments, contact your lender immediately to discuss potential options like loan modification or forbearance.
Are there any alternatives to getting a $50,000 loan?
Yes, alternatives include home equity loans, 401(k) loans, peer-to-peer lending, or using a credit card balance transfer for debt consolidation. Each option has its own pros and cons, so carefully consider your financial situation before deciding.
How does a $50,000 loan affect my credit score?
Initially, applying for a $50,000 loan may cause a small, temporary dip in your credit score due to the hard inquiry. Over time, making regular, on-time payments can positively impact your credit score. However, missing payments or defaulting on the loan will significantly harm your credit.
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