Updated 06 March 2024
Fact checked
How to get a $10,000 personal loan
If you need extra cash, many banks, credit unions, and online lenders offer $10,000 personal loans. Whether you need to consolidate debts, fund a major purchase, or cover medical bills, you can use the funds for almost anything.
To find the best deal that matches your needs, it helps to understand your options on how to get a $10000 personal loan. Compare lenders and calculate your estimated repayments below.
Personal loans have an annual percentage rate (APR) varying from around 3% to 36% APR. The interest rates you can receive will depend on a range of factors, such as your credit score, income, and debt-to-income ratio. On a loan of $10,000 over 5 years, the cost could vary between $10,781 and $21,680. The interest cost is between $781 and $11,680.
How much are the payments on a $10,000 personal loan
Indicative costs when you borrow $10,000 over 36 months:
- Origination or administration fee: 0% up to 8% of the loan amount
- Interest rate (APR): 2.8% to 28.90%
- Monthly repayments: Between $290 and $419
- Total cost on a $10,000 personal loan: Between $10,438 and $15,066
The above shows that the interest rate greatly impacts your overall cost of the loan.
The amount you will have to repay monthly on your personal loan will differ for each lender. The interest rate for your loan is based on your credit score and the length of your loan. For example, the longer the loan term, the smaller the monthly payment, but it costs more. Additionally, different lenders have varying administration fees.
What can I borrow $10000 for?
You can use a personal loan for a variety of large expenses. However, check with the bank, credit union, or lender for any exceptions of where you can use the funds. Typically, $10k personal loans can be used for:
- Home renovations
- Debt consolidation
- Medical bills
- Emergency expenses
- Holidays and vacations
- Major life events
- Car expenses
Where to get a $10,000 personal loan
Multiple credit unions, online lenders, and traditional banks offer $10k personal loans. So, before you decide, compare offers from different lending institutions to find which one suits your goals and situation the most.
Credit unions
Credit unions tend to look past credit scores and offer lower interest rates compared to traditional banks. Typically, they look at your membership standing, only require minimal fees, and offer rewards and discounts to qualified members. But to get a personal loan from a credit union, you need to be eligible for membership first.
Online lenders
If you’ve been turned down by traditional lenders, you may have more luck with online lenders. They are convenient and accessible options for personal loans since they often consider factors other than your credit score when reviewing your application. Online lenders also tend to approve and send funds quickly, so they’re great choices if you need a fast personal loan.
Banks
Traditional banks typically have stricter lending criteria and higher credit requirements compared to credit unions and online lenders. So, a personal loan from a bank may be convenient if you have good to excellent credit. Plus, if you have an existing account with a specific bank, it may help you easily qualify for a loan and even a discount.
$10000 Loan Payment Calculator
Estimated Month Repayments
Repayment Period
12 months
to 84 months
Loan Amounts
$3,000
to $10,000
Checking and savings accounts and credit cards for your everyday business expenses and cash management.
Estimated Month Repayments
Repayment Period
12 months
to 12 months
Loan Amounts
$1,000
to $20,000
ECU offers extraordinary products & services that make life just a little easier.
Estimated Month Repayments
Repayment Period
12 months
to 120 months
Loan Amounts
$300
to $20,000
Your Credit Union will help you with the financing of an unexpected expense, debt consolidation, or anything you want or need.
Estimated Month Repayments
Repayment Period
24 months
to 84months
Loan Amounts
$5,000
to $100,000
SoFi Personal Loans could help you save thousands. With low personal loan interest rates and a fixed monthly payment, you can get loans to pay off credit cards, pay off high interest debt, or make a major purchase. It only takes minutes to apply.
Estimated Month Repayments
Repayment Period
12 months
to 84 months
Loan Amounts
$3,000
to $10,000
Checking and savings accounts and credit cards for your everyday business expenses and cash management.
Estimated Month Repayments
Repayment Period
24 months
to 60 months
Loan Amounts
$3,000
to $50,000
Receive funds as soon as today with an HSBC Personal Loa
Estimated Month Repayments
Repayment Period
36 months
to 84 months
Loan Amounts
$2,500
to $35,000
Get your personal loan interest rate and monthly payment with no impact to your credit score. To get started, simply enter the amount and length of the loan you want.
Estimated Month Repayments
Repayment Period
36 months
to 72 months
Loan Amounts
$3,500
to $40,000
Backed by over 150 years of financial expertise, Marcus by Goldman Sachs was designed to help you make the most of your money.
Estimated Month Repayments
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $100,000
If you have a major expense on the horizon, and don't want to pay for it with other options such as a home equity loan, a personal loan may be the ideal choice.
Estimated Month Repayments
Repayment Period
24 months
to 36 months
Loan Amounts
$500
to $20,000
It's easy to apply and you'll be able to budget better because your monthly payments won't change. We also offer a variety of repayment options.
Estimated Month Repayments
Repayment Period
36 months
to 60 months
Loan Amounts
$1,000
to $40,000
Pay down high-interest debt, consolidate credit card balancesand save more than $1,000.* With single monthly payments, lower fixed interest rates, and no prepayment penalties, a personal loan from LendingClub Bank can help you simplify your finances and take control of your debt.
Estimated Month Repayments
Repayment Period
6 months
to 84 months
Loan Amounts
$2,500
to $20,000
A personal loan can provide the money you need to help cover unexpected expenses and more. It's often a good alternative to using a higher interest credit card. We offer flexible terms and no application or early repayment fees.
Estimated Month Repayments
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $20,000
Achieva has a wide range of loans at affordable rates. Our local team will help you apply and get the money you need for a vehicle, boat, motorcycle or RV loan.
Estimated Month Repayments
Repayment Period
12 months
to 60 months
Loan Amounts
$2,000
to $30,000
For everything from consolidating debt to preparing for life's big moments, Citi can help you achieve your goals.
Estimated Month Repayments
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $20,000
Get financing for a wide range of needs from a loan that's truly personal. We're your neighbors and want to see you living life to the fullest. A personal loan helps you fund summer fun, gets your dream project off the ground, or gives you something to fall back on when emergencies occur.
Estimated Month Repayments
Repayment Period
12 months
to 84 months
Loan Amounts
$2,000
to $75,000
We help you find the personal loan that better suits your financial needs. We want to help you understand your options and make the best decision.
Estimated Month Repayments
Repayment Period
24 months
to 60 months
Loan Amounts
$2,000
to $35,000
Too many payments at different rates and schedules?that's bad for the mind and spirit. Avant can help you consolidate them into one single monthly payment.
Estimated Month Repayments
Repayment Period
12 months
to 60 months
Loan Amounts
$300
to $25,000
Your Credit Union will help you with the financing of an unexpected expense, debt consolidation, or anything you want or need.
Estimated Month Repayments
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $20,000
Arvest offers several specific loans and credit options, but if you don't think that's what you're looking for, we also offer a few miscellaneous financing tools for more general purposes. If you're not sure if any of the loans or credit options are right for you, answer a few simple questions and we can help you decide what you need.
Estimated Month Repayments
Repayment Period
12 months
to 60 months
Loan Amounts
$500
to $20,000
Take advantage of available credit on your Chase credit card to get a flexible, lower-APR loan, with funds deposited directly into your bank account.
Estimated Month Repayments
Repayment Period
6 months
to 60 months
Loan Amounts
$1,000
to $20,000
To positively and meaningfully impact our customers by providing financial products and services that are easy to obtain and convenient to use, while at the same time creating and maintaining a positive presence in communities that we serve.
Estimated Month Repayments
Repayment Period
12 months
to 60 months
Loan Amounts
1000
to $20,000
A mortgage for your new home, a credit card for the everyday items, and a home equity line of credit for the unknown. FirstBank has you covered so you can take on life.
Estimated Month Repayments
Repayment Period
12 months
to 60 months
Loan Amounts
2500
to $25,000
Flexible terms. Affordable rates. Just two ways we can help you make that special purchase or help you cover unanticipated expenses.
Estimated Month Repayments
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $20,000
A Personal Loan or Line of Credit[1] will provide you access to the money you need to consolidate debt, make home improvements, pay for unexpected expenses and more
Estimated Month Repayments
Repayment Period
12 months
to 60 months
Loan Amounts
$3,000
to $50,000
A personal loan from SouthState offers quick approval for a big purchase, debt consolidation or unexpected expenses.
Estimated Month Repayments
Repayment Period
36 months
to 60 months
Loan Amounts
$2,000
to $50,000
Get the money you need to do the things you want. From vacation to renovation to debt consolidation - we have solutions to help you access many of life's opportunities.
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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.
