Yusra3
VIP Contributor
The maximum personal loan amount you can borrow varies greatly depending on the lender and your creditworthiness. Most lenders cap their personal loan limits between $30,000 to $100,000 for those with excellent credit. However, some major banks and lenders may offer personal loans up to $150,000 for well-qualified borrowers. Factors like your income, employment status, existing debts, and credit score play a major role in determining your maximum loan amount. Lenders view higher loan amounts as riskier, so you'll generally need a credit score over 720 and provable income to qualify for a six-figure personal loan. Building an excellent credit profile, having low debt-to-income ratios, and providing collateral can help you access the largest unsecured personal loan amounts. Online lenders tend to have lower maximums around $40,000 compared to banks and credit unions..
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