Guide to Large Personal Loans: $100k+

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Why Are Large Personal Loans Harder to Get?
Finding a Large Personal Loan Lender
1. Compare Rates
2. Compare Terms
3. Compare Monthly Payments
4. Compare Total Repayment Costs
Qualifying for Large Personal Loans
Credit Score
Poor credit scores range from 280 to 559
Fair credit scores range from 560 to 659
Good credit scores range from 660 to 724
Very good credit scores range from 725 to 759
Excellent credit scores range from 760 to 850.
Get the Required Documentation
Recent pay stubs, W2s, or tax returns to verify your employment and sources of income
Utility bills to verify your residential address
A copy of your driver’s license or Social Security card to verify your identity
Pros and Cons of $100k Personal Loans
What Are Large Personal Loans Used for?
Can You Get a Large Personal Loan With Bad Credit?
Alternatives to Large Personal Loans
Personal Lines of Credit
Home Equity Loans
Home Equity Lines of Credit
The Takeaway
Frequently Asked Questions
About the Author
Sulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and currently serves as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.
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