Guide to Large Personal Loans: $100k+

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What Is a Large Personal Loan?
When to Consider a $100k+ Personal Loan
Why Are Large Personal Loans Harder to Get?
How Are Large Personal Loans Different From Other Personal Loans?
Finding a Large Personal Loan Lender
1. Compare rates
2. Compare terms
3. Compare monthly payments
4. Compare total repayment costs
How to Qualify for Large Personal Loans $100,000+
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
Demonstrate repayment ability
Managing the Loan
Loan repayment terms
Impact on Credit Score
Additional Considerations
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
Photo credit: iStock/ilkercelik
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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 served 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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