The amount you can borrow depends on several factors: your credit score, income, existing debt obligations, and the lender's maximum loan limits. Understanding these factors before you apply helps you set realistic expectations and find the right lender.

How Much Can You Borrow? By Credit Score

Credit Score RangeTypical Loan AmountTypical APR RangeBest Lenders
720–850 (Excellent)$5,000–$100,0006%–15%SoFi, Marcus, LightStream
690–719 (Good)$3,000–$75,00012%–20%SoFi, LendingClub, Upgrade
630–689 (Fair)$1,000–$40,00018%–28%LendingClub, Avant, Upgrade
580–629 (Poor)$500–$20,00025%–36%Avant, Upstart, Prosper
Below 580 (Bad)$500–$5,00030%–36%OneMain, secured loan options

Key Factors That Determine Your Loan Amount

Credit Score

Higher scores unlock larger loan amounts and lower rates. Most lenders offer their maximum amounts to borrowers with 720+ scores.

Income

Lenders typically allow monthly loan payments up to 15–20% of your gross monthly income.

Debt-to-Income Ratio

Most lenders require your total monthly debt payments to be below 40–45% of gross monthly income.

Employment History

Stable, verifiable employment history increases lender confidence and can unlock higher amounts.

How to Maximize Your Loan Amount

Improve your credit score — Even a 20-point improvement can unlock significantly higher loan amounts and lower rates.
Pay down existing debt — Reducing your debt-to-income ratio is one of the fastest ways to qualify for more.
Add a co-signer — A co-signer with strong credit and income can dramatically increase your borrowing power.
Apply with multiple lenders — Different lenders have different underwriting criteria. Pre-qualifying with 3–4 lenders gives you the best picture of your options.

Frequently Asked Questions

How much personal loan can I get with a 700 credit score? +
With a 700 credit score, you can typically borrow $5,000–$50,000 from most lenders. The exact amount depends on your income and debt-to-income ratio. Lenders like SoFi and LendingClub are good options at this score range.
What is the maximum personal loan amount? +
The maximum personal loan amount varies by lender. SoFi and LightStream offer up to $100,000. Most lenders cap at $35,000–$50,000. The maximum you qualify for depends on your credit score and income.
How much personal loan can I get based on my income? +
A general rule: lenders allow monthly payments of up to 15–20% of your gross monthly income. For a $60,000 annual income ($5,000/month), that's a maximum monthly payment of $750–$1,000, which corresponds to roughly $25,000–$40,000 over 5 years at 15% APR.
Can I get a $50,000 personal loan? +
Yes, if you have a credit score of 680+ and sufficient income. Lenders like SoFi, LightStream, and Upgrade offer loans up to $50,000–$100,000. Use our calculator to estimate monthly payments.
Does pre-qualifying affect my credit score? +
No. Pre-qualification uses a soft credit pull and does not affect your credit score. A hard inquiry only occurs when you formally apply and accept a loan offer.

Related Guides

Personal Loan Calculator → Best Personal Loans 2026 → Personal Loan Requirements → Debt-to-Income Calculator → Personal Loans by Credit Score →

Advertiser Disclosure: WiseIQ may earn a referral fee from some lenders and financial products on this page. This does not influence our editorial ratings or recommendations. Our reviews are independently researched and editorially independent.

Sources & Methodology: WiseIQ's editorial team researches and fact-checks all content using primary sources including the Consumer Financial Protection Bureau (CFPB), Federal Reserve G.19 Consumer Credit Report, myFICO Credit Education, and lender websites for current rates and terms. Last reviewed: April 2026. How we rank products.