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Personal loans are a great resource if you need cash to help with unexpected expenses, major home renovations, or debt consolidation. But what if you need a lot of money — say, $75,000?
Good news: Some lenders do offer a $75,000 personal loan. To qualify, you’ll need strong credit, steady income, and minimal outstanding debts. Below, we’ll walk you through how you can get a $75K loan and what you can use it for.
Key Points
• Some lenders offer $75,000 personal loans, but these aren’t as common as smaller loans.
• Qualifying for a $75K loan typically requires very good or excellent credit and steady income.
• To find the best loan option, you can get prequalified with multiple lenders and compare rates and loan amounts before applying.
• SoFi offers personal loans up to $100,000 for qualified applicants.
Can You Get a $75,000 Personal Loan?
Yes, you can get a $75,000 personal loan from a few lenders, though personal loans for $75K are less common than smaller personal loans. Many lenders set loan limits at $50,000 or less.
And keep in mind: Just because a bank, credit union, or online lender advertises personal loans as high as $75,000 doesn’t mean you can automatically borrow that much.
Because personal loans are typically unsecured (that is, there’s no collateral on the loan), they represent a greater risk to a lender than loans like mortgages and auto loans, which are backed by homes and cars, respectively. For a lender to grant you a $75,000 personal loan with no collateral, you’ll need a strong credit score and stable, high income.
Smaller loans are typically easier to qualify for than large personal loans, when you have good but not great credit and average income.
$75,000 Personal Loan Rates
According to the Federal Reserve, the average annual percentage rate (APR) for a 24-month personal loan was 11.86% in mid-2026. That said, personal loan rates vary by lender and borrower.
Borrowers with excellent credit and stable income tend to get the lowest interest rates. For instance, well-qualified borrowers can get a personal loan at an APR of as low as 6.99% with SoFi. But rates with many lenders can go as high as 35.99% for borrowers with poor credit.
Because $75,000 personal loans carry more risk than smaller personal loans, like a $20,000 personal loan, rates may be a little higher.
Factors That Affect Your Rate
The size of the personal loan (that is, how much you borrow) certainly has an impact on the personal loan rate, but it’s not the only factor to consider. The loan term (how long you take to repay the loan) can also have an impact.
But your financial situation is by far the most influential factor affecting your rate. This includes your:
• Credit score
• Income and employment status
• Outstanding debts
• Debt-to-income (DTI) ratio
• Bank account transactions
If you have excellent credit, a well-paying job, and few outstanding debts, you’re much more likely to qualify for a low personal loan rate than someone with fair credit, inconsistent and low income, and multiple open lines of credit.
How to Qualify for a $75,000 Personal Loan
To qualify for a $75,000 personal loan, you’ll need to demonstrate to lenders that you’re a responsible borrower. Here’s how:
• Maintain an excellent credit score: Personal loan credit score requirements vary by lender, but getting a $75K loan generally requires better than average credit. Having a very good (740 – 799) or exceptional (800+) credit score is the best way to ensure you get approved for a personal loan as large as $75,000. An unsecured loan for $75K can pose a large risk to lenders; a strong credit score shows lenders that they don’t need to worry because you know how to responsibly repay your debts.
• Reduce or eliminate other debts: Your debt-to-income ratio is a key factor that lenders use when deciding whether to approve you for a personal loan. The ratio is your total monthly debt payments divided by your gross monthly income. A high DTI means that your monthly debt obligations take up a large portion of your monthly income. Lenders usually like to see a DTI ratio below 36%, though some may allow a ratio up to 50% for debt consolidation loans.
• Increase your income: Easier said than done, right? But demonstrating you have a steady job that pays well is a great way to get approved for a larger $75K personal loan. If the timing of your loan is flexible, wait until after an impending promotion or after you’ve established several months of additional income through a legitimate side hustle.
What Can You Use a $75,000 Personal Loan For?
You can use a personal loan for almost anything. Among the most common use cases for personal loans are:
• Home renovations
• Debt consolidation
• Major medical expenses
• Unexpected costs, like car repairs and vet bills
• Cross-country moves
• Family planning (IVF, adoption, fertility treatment)
• Weddings
• Vacations
Make sure you read the fine print of any personal loan you’re considering; there are often a few personal loan exclusions to note, like gambling, house down payments, and college tuition.
Taking out a $75,000 loan to pay for a vacation or wedding is likely not a good idea, as the personal loan origination fees and interest rates will make those one-time events a major expense for several years. Instead, a $75K loan could be great for consolidating higher-interest debt or making major home improvements that boost the resale value of your home.
How to Apply for a $75,000 Personal Loan
Here’s how to apply for a personal loan for $75,000:
1. Research multiple lenders: Most lenders, including SoFi, allow you to prequalify for a personal loan without impacting your credit. This will let you see which lenders are willing to lend you $75,000 and which of those offers the lowest overall APR. “Fees can affect the upfront and overall cost of both personal and business loans, so it’s a good idea to be clear on what you’re paying. Some of the more common fees you might see with both types of loans include origination, application, packaging, and underwriting fees, and late payment and prepayment penalties,” says Brian Walsh, CFP® and Head of Advice & Planning at SoFi.
2. Gather your documents: Once you select a lender, you’ll need to actually apply. You can do this in person with some banks and credit unions, but most lenders let you apply online. You’ll need to have several documents ready when applying online or in person, including:
a. Proof of identification (government-issued ID, like a driver’s license or passport)
b. Proof of address (like a utility bill in your name)
c. Proof of employment and income (like a recent paystub or tax return)
3. Fill out the application: The process, whether online or in person, should be straightforward. Just fill in the requested information and agree to the hard credit inquiry. Make sure you temporarily thaw your credit report (if it’s frozen) before applying. Then wait to see if you’ve met all the personal loan requirements.
4. Review the loan offer: If approved, review the loan offer to make sure the loan amount ($75,000 in this case), loan term, interest rate, and fees are all what you expected. If everything looks good, you can sign the document.
5. Receive your funds: Many lenders offer same- or next-day funding for personal loans. As soon as you receive the money, set up automatic payments with the lender to ensure you never miss a payment.
The Takeaway
Getting a $75,000 personal loan is possible, but you’ll need to find a lender that makes personal loans in that amount and then meet credit score, DTI ratio, and other requirements. (SoFi makes personal loans of up to $100,000 for qualified applicants.)
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.
FAQ
What credit score do you need for a $75,000 personal loan?
Credit score requirements for a $75,000 personal loan vary by lender, but you’ll generally need very good or excellent credit to qualify. While some lenders offering $75K loans have minimum credit score requirements in the low- to mid-600s, you typically need better credit (700 or higher) to qualify for the lowest rates and the highest borrowing amounts.
How much would a $75,000 personal loan cost per month?
How much a $75,000 personal loan costs per month depends on the loan term and the APR. You can use SoFi’s personal loan calculator to see how changing the loan term and interest rate impact your monthly payment. For instance, a $75,000 personal loan repaid over 36 months at an interest rate of 12.00% results in a monthly payment of $2,491. But a $75,000 loan repaid over 60 months at a rate of 15.00% costs $1,784 per month.
How long does it take to get a $75K personal loan?
Some lenders offer same-day funding for personal loans, including $75K loans. Assuming you apply and get approved early in the day, you could theoretically have the loan funds later that day. Other lenders may offer next-day funding or funding within a few business days.
Can you get a $75,000 personal loan with bad credit?
It will likely be difficult to get a $75,000 personal loan with bad credit. Some companies specialize in lending to borrowers with poor credit and offer loans as high as $75K, but qualifying can still be challenging, and interest rates will likely be incredibly high.
Is a personal loan or home equity loan better for borrowing $75,000?
In some cases, a personal loan is better than a home equity loan for borrowing $75,000. For instance, if you need the money as soon as possible, a personal loan is the better option, as home equity loans can take multiple weeks to fund. Personal loans also don’t require any collateral; if you don’t own a home or don’t want to risk your home, go with a personal loan. However, home equity loans typically have lower interest rates than personal loans because they’re backed by your home. That makes them more affordable. Choosing a home equity loan, which uses your home as collateral, may also improve your chances of approval for a loan as large as $75,000.
Photo credit: iStock/DrazenZigic
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