The interest rate on a $25,000 loan from a major lender could be anywhere from 7.49% to 35.99%. It’s difficult to pinpoint the exact interest rate that you’ll get for a $25,000 loan since lenders take many factors into account when calculating your interest rate, such as your credit score and income. If you have a high credit score and income, you will likely get a low interest rate on a $25,000 loan.
LightStream has the lowest interest rates for a $25,000 loan, starting at $5,000. LightStream isn’t your only option, though. Below you can see the best $25,000 personal loans and the interest rates associated with them.
Best $25,000 Personal Loans
| Company | Loan Amounts | APRs |
| LightStream | $5,000 - $100,000 | 7.49% - 25.99% |
| Upstart | $1,000 - $50,000, typically | 6.4% - 35.99%, typically |
| Best Egg | $2,000 - $50,000 | 8.99% - 35.99% |
| SoFi | $5,000 - $100,000 | 8.99% - 29.99% Fixed APR with all discounts |
| Wells Fargo | $3,000 - $100,000 | 7.49% - 23.24% |
Some lenders will let you pre-qualify to see your potential rates before you apply. To pre-qualify with multiple lenders at once, check out the free pre-qualification tool on WalletHub.
Upstart disclosure: Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000).
The full range of available rates varies by state. A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 21.58% and a 9.84% origination fee of $984, for an APR of 26.82%. In this example, the borrower will receive $9016 and will make 60 monthly payments of $275. APR is calculated based on 5-year rates offered in December 2023. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
This answer was first published on 07/08/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
The monthly payment on a $25,000 loan ranges from $342 to $2,512, depending on the APR and how long the loan lasts. For example, if you take out a $25,000 loan for one year with an APR of 36%, your monthly payment will be $2,512.
How much would a $25,000 loan cost per month? ›
The monthly payment on a $25,000 loan ranges from $342 to $2,512, depending on the APR and how long the loan lasts. For example, if you take out a $25,000 loan for one year with an APR of 36%, your monthly payment will be $2,512.
What are interest rates for 25000? ›
In this guide
- Under £3,000: from 13.5% APR.
- £3,000 – £4,999: from 9.7% APR.
- £5,000 – £7,499: from 7.2% APR.
- £7,500 – £15,000: from 6% APR.
- £15,001 – £20,000: from 6% APR.
- £20,001 – £25,000: from 6.1% APR.
- Over £25,000: from 6.4% APR.
Typically, a desirable credit score for a $25,000 personal loan is around 670 and above, but some lenders work with those who have scores from 580 and up.
How long does it take to pay off a $25,000 loan? ›
$25,000 at 20%: Your minimum payment would be $666.67 per month and it would take 437 months to pay off $25,000 at 20% interest. You would pay $41,056.85 in interest over the life of the debt.
How to pay off a $25,000 loan fast? ›
5 Ways To Pay Off A Loan Early
- Make bi-weekly payments. Instead of making monthly payments toward your loan, submit half-payments every two weeks. ...
- Round up your monthly payments. ...
- Make one extra payment each year. ...
- Refinance. ...
- Boost your income and put all extra money toward the loan.
Average online personal loan rates
| Borrower credit rating | Score range | Estimated APR |
|---|
| Excellent | 720-850. | 11.85%. |
| Good | 690-719. | 14.12%. |
| Fair | 630-689. | 18.05%. |
| Bad | 300-629. | 22.68%. |
Answer and Explanation:
| Beginning balance of the loan | $25,000 |
|---|
| Interest rate | 7% |
| Interest for the first month = $25,000 x 0.07 x 1/12 | $146 |
| Payment for the first month | $495 |
| Principle paid in the first month = $495 - $146 | $349 |
Lowest interest rates charges by banks on their personal loans:
- Karur Vsya Bank:Interest rate on secured loan is 11 percent per annum and 13 percent per annum on unsecured personal loans. ...
- Yes Bank: Yes Bank charges an interest rate that starts with 10.49 percent per annum. ...
- Milestone Alert!
Current mortgage and refinance interest rates
| Product | Interest Rate | APR |
|---|
| 30-Year Fixed Rate | 7.01% | 7.06% |
| 20-Year Fixed Rate | 6.77% | 6.83% |
| 15-Year Fixed Rate | 6.45% | 6.52% |
| 10-Year Fixed Rate | 6.38% | 6.46% |
5 more rowsYou can borrow from $1,000 to $100,000 or more with a 700 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.
Is $25,000 a high credit limit? ›
Yes, $25,000 is a high credit card limit.
What is a very good credit score? ›
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
How to pay off 25K in a year? ›
The snowball method simply means paying off your debts from smallest to largest dollar amount rather than by highest to lowest interest rates. Make the minimum payments each month on all of your debts, but attack your smallest one with a vengeance until it is gone! Then move onto the second smallest, and so on.
Why does it take 30 years to pay off $150,000 loan? ›
Answer and Explanation:
The interest rate on a loan directly affects the duration of a loan. Note: The interest rate is calculated using the hit and trial method. Therefore, it takes 30 years to complete the loan of $150,000 with $1,000 per monthly installment at a 0.585% monthly interest rate.
What would be the interest due on a loan of $25,000 borrowed at 7% for a period of three years? ›
On a loan of $25,000 taken out at 7% for a three-year term, interest would be owed in the amount of $5,250.
What is the monthly payment on a $25 000 car loan? ›
Example: A six year fixed-rate loan for a $25,000 new car, with 20% down, requires a $20,000 loan. Based on a simple interest rate of 3.4% and a loan fee of $200, this loan would have 72 monthly payments of $310.54 each and an annual percentage rate (APR) of 3.74%.
How much would a $25,000 mortgage cost per month? ›
Increasing your borrowing
| Mortgage Amount | Monthly Repayments | Overall Repayments |
|---|
| £25k | £146 | £43,844 |
| £30k | £175 | £52,613 |
| £35k | £205 | £61,382 |
| £40k | £234 | £70,151 |
2 more rowsMar 8, 2024
A $20,000 loan at 5% for 60 months (5 years) will cost you a total of $22,645.48, whereas the same loan at 3% will cost you $21,562.43. That's a savings of $1,083.05. That same wise shopper will look not only at the interest rate but also the length of the loan.
