How Big of a Personal Loan Can I Get With a 750 Credit Score?

A credit score of 750 is considered excellent by most lenders. This high credit score means you should be able to qualify for sizable personal loans with good terms from many lenders. But how big of a personal loan can you really get approved for with a FICO score of 750?

The short answer is that with a credit score of 750 you can likely get approved for a personal loan up to $100000. However, the maximum loan amount you can qualify for depends on several factors beyond just your credit score.

In this article, we’ll explain what goes into determining the maximum personal loan amount you can be approved for with a 750 credit score. We’ll also provide tips for getting the largest loan possible and list some top lenders to consider.

What Determines How Big of a Personal Loan You Can Get?

While your credit score plays a major role, lenders look at several factors when deciding the maximum amount to approve you for with a personal loan, including

• Income – Lenders want to see you have enough income to comfortably afford the loan payments. Many have minimum income requirements

• DTI stands for “debt-to-income ratio.” Lenders use this number to figure out if you have too much debt. A lower DTI helps you qualify for more.

• Employment History – Steady, verifiable employment helps reassure lenders you can repay the loan. Gaps in work history can lower loan limits.

• Credit History Length – A longer credit history with proper use of credit helps. Too “thin” of a credit file may decrease approval amounts.

• Collateral: For secured loans, the loan amount is based on the value of the collateral you put up.

• Relationship with Lender—Customers who have already borrowed from the lender often get faster approvals. New customers face lower caps.

So while a 750 credit score is excellent, other factors impact just how big of a personal loan you can get approved for. But with a 750 score, you should be able to qualify for up to $100,000 from many lenders if the rest of your financial profile is also strong.

Tips for Getting the Biggest Personal Loan With a 750 Credit Score

If your goal is to get approved for the largest personal loan possible with a 750 credit score, here are some tips that can help:

• Shop lenders that offer loans up to $100K – Many top online lenders now offer personal loans up to $100,000 for those with excellent credit and financials.

• Pick longer loan terms – You can usually borrow more if you choose a 5-year repayment term versus 3 years.

• Show proof of income. Lenders will feel more comfortable lending you more money if you show them pay stubs or tax returns.

• Have assets or collateral – For secured loans, pledging assets worth over the loan amount allows bigger loans.

• Pay down existing debts – Lowering your DTI ratio allows you to qualify for more, since you have less current debt.

• Become an existing customer – Having accounts with a lender already can get you higher approval limits as an existing client.

• Request a co-signer – Adding a co-signer with good credit may allow you to borrow larger amounts, by factoring in their income and credit profile too.

Taking some of these steps can help maximize the chances you’ll be approved for the largest personal loan amount possible for someone with a 750 credit score.

Top Lenders for Big Personal Loans With a 750 Credit Score

Many traditional banks cap personal loan amounts at $25,000 or $35,000. But newer online lenders now offer personal loans up to $100,000, even with just a 750 credit score.

Here are some top lenders to check first when trying to get the biggest personal loan possible with a 750 FICO score:

• Lightstream – Offers personal loans from $5,000 to $100,000 for those with good credit. No fees.

• SoFi – Personal loans up to $100,000. Excellent rates for 750+ credit scores. No origination fees.

• Upgrade – Up to $50,000 with APRs starting as low as 6.94%. Quick funding.

• LendingClub – Loans up to $40,000. Note: There is a 2-6% origination fee.

• Prosper – Borrow up to $40,000. Competitive fixed rates and no prepayment penalties.

• Best Egg – Personal loans up to $50,000 with APRs starting at 5.99%. No origination fees.

• Marcus – Offers personal loans up to $50,000 for those with excellent credit history. No fees.

The maximum amounts from these lenders can give you a sense of what kind of personal loan size may be possible with your 750 credit score. You’ll increase your chances by having a strong financial profile in addition to your excellent credit.

How Much Will You Actually Be Approved For?

While a 750 FICO score may make you eligible for up to $100,000 from some lenders, the actual loan amount you are approved for could be lower. That’s because lenders will look at your entire financial picture, not just your credit score, when deciding on approval amounts.

Some key factors that influence personal loan approval limits include:

• Debt-to-Income Ratio – Keeping your DTI below 40% improves approval odds.
• Income Verification – Proof of income impacts maximum loan size.
• Employment History – Length of employment time can influence amounts.
• Credit History – Deep credit reports with mix of accounts help.
• Existing Assets – Liquid assets and collateral you pledge also matter.

My company typically recommends requesting a 25-50% higher loan amount than you may actually need. This allows some room for the lender to potentially offer you a lower approval amount than the maximum you applied for, but still enough to get the funds you require.

Pre-qualifying for personal loan rates also lets you see potential approval amounts, with no ding to your credit score. This can give you an idea of how much you may realistically get approved for based on the lender’s review of your full profile.

Summing It Up

A FICO credit score of 750 is a great score that positions you well to potentially qualify for up to a $100,000 personal loan, especially from some of the top online lenders. However, approval amounts can vary based on income, assets, debts, and other factors lenders examine.

Those with 750+ credit have excellent odds of approval for sizable personal loans. But make sure to also optimize the rest of your financial profile. Pre-qualify with multiple lenders to improve your chances of getting approved for the maximum personal loan amount possible.