Where to get a $3,500 loan

If you’re planning to take out a $3,500 loan to consolidate debt, fund a major purchase or advance another financial goal, it’s important to weigh your options.

Traditional personal loans tend to have lower rates than credit cards, so they can be an attractive option. But you’ll want to consider your personal finances and what terms you’re likely to qualify for, as well as how payments will fit into your monthly budget.

We’ll review lenders you may want to consider and guide you through the process of applying for a loan.

Monthly payments for a $3,500 personal loan

Loan durationAverage monthlypayments ($3,500 loan)Poor creditAverage creditGood creditExcellent credit1-12 months13-24 months25-36 months37-48 months
Average monthly loan payments are based on aggregate TransUnion credit report data from Credit Karma members with active personal loans as of December 2022
  • The best $3,500 personal loans
  • How to get a $3,500 loan
  • FAQs about $3,500 loans

The best $3,500 personal loans

Best Egg

Best Egg offers competitive rates for those with good or excellent credit. There are no prepayment penalties on the loan, but you’ll have to pay a one-time origination fee. If approved, you may see the money quickly — Best Egg says about half of its customers receive the funds the next business day.

American Express

American Express personal loans feature no origination fees or prepayment penalties. But you have to be an eligible American Express cardholder to apply, and once you receive an offer, you have to formally accept within three days or the offer is rescinded.

Reach Financial

With a Reach loan you can customize your monthly payment amount, but if you don’t have excellent credit, you’ll likely pay high interest rates. And borrowers going through financial hardship may be able to delay their payments for up to 90 days. But heads-up that a Reach Financial loan may (or may not) come with an origination fee — the lender doesn’t let you know until you apply.

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Wells Fargo

You won’t be charged an origination fee or prepayment penalty. And setting up autopay will qualify you for an interest rate discount. But you must already be a Wells Fargo customer to apply for a loan. And while Wells Fargo offers a rate-estimate calculator, it doesn’t provide the option to prequalify, so your only application option comes with a hard credit check.


The Affirm app is worth considering if you want to make online or in-store purchases and pay for them with four (potentially interest-free) installments. But you might need a down payment, and if you spread out your payments over a longer period, you may face interest.

How to get a $3,500 loan

Before searching for a $3,500 loan, it’s a good idea to check your credit scores and reports. Understanding your credit situation can help give you a sense of your ability to get a $3,500 loan and the kinds of loans that might be available to you.

After checking your credit, you can begin to shop around for a loan. It might be helpful to see what your bank or credit union has to offer, but it’s best to compare potential options from various lenders so you can find the best rates and terms for you.

If a lender offers prequalification, you can see the terms you might be offered without affecting your credit. Just keep in mind that you might need to provide personal information required to run a soft inquiry on your credit reports. And there’s no guarantee your estimated terms will be your final ones.

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Once you’ve researched available loans, you can start to assess the best option for you. Making sure your lender will offer you a loan at your preferred amount is a necessity, but the lender might also have eligibility requirements and state availability restrictions that determine your ability to apply, including your intended use for the funds. You might also want to consider how fast the lender may send you your funds after approval.

Your potential interest rate, the length of the loan and any fees will affect the overall cost. We recommend using a loan calculator to determine how much you might end up paying over the life of the loan.

FAQs about $3,500 loans