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$9,500 Personal Loans For Good & Bad Credit

Get personalized rates in 60 seconds for a $9,500 personal loan with no impact to your credit score

Where to get an $9,500 Loan

How hard is it to get a personal loan of $9,500k?

The difficulty of obtaining a $9,500 loan can depend on several factors. Factors can include the type of loan and  creditworthiness of the applicant. The two main types of loans are secured and unsecured loans. Secured loans are backed by collateral, and unsecured loans are not. Some may find that secured loans for $9,500 are more available. For example, you may find a $9,500 auto loan, backed by the vehicle being purchased. While $9,500 is not a huge amount of money, it’s a decent amount for a lender to extend, especially without collateral. Unsecured loans are available up to $100,000, depending on credit score. However, most lenders base lending decisions on the creditworthiness of an applicant. Offers are more likely to be returned to borrowers with fair, good, or excellent credit. When in doubt, you can check offers with no credit score impact, or check your credit score to determine eligibility. If your credit score could use improvement, investing time to boost it before applying could increase your chance of approval.

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What are the best $9,500 loans today?

What credit score do I need for a $9,500 loan?

Most lenders on the Acorn Finance platform have a credit score cutoff of 600 or above. With that being said, there are also some lenders such as OneMain Financial that do not have a minimum credit score requirement. Ultimately, lenders are looking to determine the applicant's ability and likelihood of repaying the loan. They can base this decision off past behaviors, income, overall stability, and other factors. If you have concerns about being able to repay a $9,500 loan, the lender may too. While borrowing money can offer relief, it’s a commitment that determines careful thought. To increase your chance of approval, some lenders allow applicants to apply with a co-signer. A co-signer has shared responsibility for repaying the loan. 

How does a  $9,500 loan work?

A $9,500 loan can be secured or unsecured, which can impact how they work. Let’s review how a $9,500 unsecured loan works. 

  1. Get pre-qualified: The first step is getting pre-qualified which essentially means receiving offers based on your information. In some cases, you can receive offers without impacting your credit score. Pre-qualified offers can be contingent upon certain factors such as submitting proof of income. 
  2. Accept offer: Once you’ve found an offer you like, you can accept it. The lender can then collect supporting documentation (if required) and verify your information. If all goes well, you can be approved. 
  3. Receive funding: Once approved, loans can be funded as a lump sum minus any fees. Once you’ve received funds you can spend as needed as long as spending is within loan restrictions. Most unsecured loans have few spending restrictions, but it’s notable to be aware of what they are. 
  4. Repayment: Most unsecured loans are repaid in fixed installments over a predetermined period with interest. Before obtaining the loan, you should know the monthly installment and repayment period. 

What is the monthly payment on a $9,500 personal loan?

Monthly payments on a $9,500 personal loan can vary depending on the loan offer. When comparing offers it’s fairly straightforward to compare payments. However, to understand the variance between payments you’ll need to consider factors such as APR, repayment period, origination fees, and more. Since offers are based on what you qualify for, the best way to estimate what real payments  look like is to check rates. Alternatively, you can use a personal loan payment calculator to estimate payments. For example purposes, here are some sample payments. 

  • Example 1:
    • Loan amount: $9,500
    • APR: 8.99%
    • Repayment period: 5 years
      • Estimated monthly installment: $197/month
  • Example 2:
    • Loan amount: $9,500
    • APR: 8.99%
    • Repayment period: 3 years
      • Estimated monthly installment: $302/month
  • Example 3:
    • Loan amount: $9,500
    • APR: 13.99%
    • Repayment period: 5 years
      • Estimated monthly installment: $221/month
  • Example 4:
    • Loan amount: $9,500
    • APR: 13.99%
    • Repayment period: 3 years
      • Estimated monthly installment: $325/month

Remember, a longer repayment period can help reduce the monthly commitment. However, it can also increase the total cost of borrowing. It’s advisable to find a repayment period with a comfortable monthly payment that allows you to pay the loan off as soon as possible. 

Can I get a $9,500 loan with bad credit?

Obtaining a $9,500 loan with bad credit can prove challenging. To increase your chance of approval, you can try the following.

  • Boost your credit score before applying
  • Apply with a co-signer with good credit
  • Apply for a secured loan (collateral required)

What type of loan can I get for $9,500?

Secured loans and unsecured loans can be offered for $9,500, depending on credit score and qualifications. An example of an unsecured loan for $9,500 is a personal loan. Personal loans are available up to $100,000, depending on credit score. The minimum and maximum loan amounts can vary by lender, as can the requirements to qualify. An example of a secured loan for $9,500 is an auto loan. The auto loan is backed by the vehicle being purchased. The funds are allocated directly toward the vehicle, rather than being funded to spend as needed. Secured loans can be more restrictive. In addition, if you fall behind on payments or default, the collateral can be seized by the lender. 

Will a $9,500 loan affect my credit score?

A $9,500 can impact your credit score positively and or negatively. If you make on time payments you can see your credit score improve from the loan. In addition, your score can benefit once the loan is successfully paid off on time or early. However, even with on time payments you may notice your credit score drop when you initially take out the loan. This can be caused by a hard credit pull and increased debt. If you fall behind on payments or default, you can continue to see your score decline. 

Can I get a $9,500 loan from an online lender?

Online lenders are popular sources for personal loans. With less overhead and more competition, consumers often find the marketplace is more favorable. Online lenders may have less strict requirements and competitive offers. When sharing information online, it's important to validate the source. At Acorn Finance, we’ve created a network of top national lenders that consumers can receive real offers from. Take advantage of our secure platform to check rates in seconds with no credit score impact.

Can I increase my chances of approval for a $9,500 loan?

There are ways to increase your chance of approval for a $9,500 loan. Let’s review. 

  1. Boost your credit score: Taking action to resolve accounts in collections or behind on payments, build credit with secured credit cards and other tools, and so forth can positively impact your credit score. Checking your credit score is a good place to start to determine how you can improve your score. Credit monitoring services or even your primary bank can help assist with recommendations for improving credit. The better your score, the more likely you are to receive loan offers. 
  2. Apply with a co-signer: Some lenders allow applicants to apply with a co-singer. Ideally, the co-signer should have a good credit score and solid income. 
  3. Check more offers: Just because you don’t qualify for one lender, does not mean you won’t qualify for another. Checking offers from more lenders can help you find a lender that can help. Be mindful though that checking offers may impact your credit score. You can check with the lender or platform before applying to find out if there's a credit score impact for getting pre-qualified. 

Why choose Acorn Finance for $9,500 loans?

Acorn Finance is a secure platform that simplifies the process of checking loan rates. Our network of top national lending partners can compete for your business, putting you in the driver seat. Simply input your information and check rates in seconds with no credit score impact. Offers are available up to $100,000, depending on credit score. With top national lenders such as OneMain Financial, SoFi, LightStream, and more, you can find the right loan offer without the hassle. 

See Also:

$3,500 Loans
$8,500 Loans
$500 Loans

Where can I get a personal loan for $9,500?

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What can I do with a $9,500 personal loan?

A $9,500 personal loan has a number of uses, including (but not limited to):
Home improvement Buying a car Wedding costs
Debt consolidation Medical bills Startup business costs

Still have questions?

Pros 

  • Fixed monthly payments
  • Funded as a lump sum
  • Few spending restrictions
  • Funding in as little as 1-2 business days (although funding times can vary)
  • Get prequalified in seconds 
  • Opportunity to build/boost credit score

Cons

  • Interest and fees
  • Taking on debt
  • Risk of impacting credit score if payments are missed or loan is defaulted on
  • May not be enough money to cover expenses 

Why choose Acorn Finance for comparing $9,500 Personal Loans?

Comparing loan offers empowers consumers to make better-educated financial decisions. The reason it’s a step often skipped is because consumers don’t always consider how big of a business lending is. They get an offer and don’t want to lose it, so they move forward with the offer. Additionally, the truth is that comparing loan offers is a big chore. Doing so, though, can save you money and set you up for success moving forward. 

At Acorn Finance, you can check rates in a matter of seconds with no credit score impact. Take advantage of our convenient portal with vetted and trusted top lending partners. With well-known names, you can expedite your way to finding the right $9,500 dollar personal loan. Additionally, we eliminate the frustration of sifting through the internet, verifying lenders, and researching for hours. Whether you are ready to take out a loan today or just shopping around - you have everything to gain by checking offers at Acorn. Plus, you can sign in and return to them at a later date if the offers are still available. Our lending partners can fund loans in as little as 1-2 business days, although funding times can vary, so when you’re ready to accept an offer, they are ready to help. Upon accepting the offer, you can complete the application and approval process with the lender of your choice. 

Pros and cons of lenders $9,500 loans:

LightStream

Minimum qualifications: 

  • Minimum credit score requirement of 660 or above 
  • Minimum income requirement of $50,000/year

Pros:

  • No origination fees
  • Funding as soon as one business day on approved loans, although funding times can vary
  • Competitive loan offers
  • Allows co-signer
  • Large personal loans available 
  • Flexible repayment periods up to 12 years

Cons:

  • Strict qualification requirements
  • No access to pre-qualify through the LightStream website (When applying directly, you can get pre-approved but not pre-qualified, therefore, you may be subject to a hard credit pull. To get pre-qualified with LightStream, check offers through Acorn Finance to see if you qualify.)
  • No direct payment to creditors for debt consolidation loans

SoFi

Minimum qualifications:

  • Minimum credit score requirement of 680 or above 
  • Minimum income requirement of $50,000/year

Pros:

  • Flexible loan amounts and repayment terms
  • No origination fees
  • Competitive interest rates
  • Funding as soon as one business day on approved loans, although funding times can vary
  • Allows cosigner applications
  • Unemployment protection available

Cons:

  • High credit score requirement
  • Approvals may take 3 days or more

Best Egg

Minimum qualifications:

  • Minimum credit score requirement of 600 or above 
  • No minimum income requirement 

Pros:

  • Fair credit scores can qualify
  • No minimum income requirement
  • Same or next day funding available, although funding times can vary

Cons:

  • Not available in some states
  • Origination fees between 0.99% and 6.99%
  • Higher APRs

Prosper

Minimum qualifications:

  • Minimum credit score requirement of 600 or above 
  • No minimum income requirement 

Pros:

  • Low threshold for credit score
  • No minimum income requirement
  • Flexibility to change payment dates
  • Offers peer-to-peer lending

Cons:

  • Long funding times
  • Origination and late fees may apply
  • No rate discount for autopay is available
  • Restrictive repayment periods
  • Funding may take about 5 business days 

Upgrade

Minimum qualifications:

  • Minimum credit score requirement of 560 or above 
  • No minimum income requirement

Pros:

  • Low credit score requirement
  • No early payoff penalty
  • Joint applications allowed
  • Funding as soon as one business day on approved loans, although funding times can vary

Cons:

  • Origination fees between 2.9% to 8%
  • Higher APRs, especially for subprime borrowers

Axos Bank

Minimum qualifications:

  • Minimum credit score requirement of 700 or above 
  • Minimum income requirement $48,000/year

Pros:

  • Low origination fees
  • Mobile app to manage loans
  • Fast funding times
  • Funding as soon as one business day on approved loans, although funding times can vary

Cons:

  • High credit score requirement
  • Origination fee up to 2%

OneMain Financial

Minimum qualifications:

  • Minimum credit score requirement of 600 or above 
  • Minimum income requirement $7,200/year

Pros:

  • Low credit score requirement
  • Offers secured loan option
  • Low income requirement
  • Flexibility to choose your payment date
  • Fast funding times

Cons:

  • High interest compared to similar lenders
  • Origination fee between 1% – 10% (or flat fee up to $500 depending on state)

LendingPoint

Minimum qualifications:

  • Minimum credit score requirement of 600 or above 
  • Minimum income requirement $30,000/year

Pros:

  • Low origination fees
  • Relaxed credit score and income requirements
  • Same or next-day funding is available, although funding times can vary

Cons:

  • No joint applications
  • High loan costs
  • Short repayment periods 

Check rates from these top lenders and more at Acorn Finance!

Lenders outside the Acorn network to consider:

Lending USA

LendingUSA is best for one-time purchases or uses, such as cosmetic surgery financing, pet financing, funeral financing, and more. LendingUSA offers loans for a variety of industries. Loans can be obtained through the LendingUSA website or through a merchant partner that refers to LendingUSA. Additionally, if you pay your loan off within six months, no interest will be charged to the principal. With fast approval decisions and loans as small as $1,000 available, Lending USA is another lender to consider for a $9,500 personal loan. 

Reprise Financial

Reprise Financial can help borrowers find personal loan offers that meet their needs. In order to help borrowers obtain funds quickly, Reprise works to streamline the personal loan process. With customized payment options and fixed rates, check personal loan offers at Reprise Financial. 

Universal Credit

For borrowers with bad credit, Universal Credit may be your golden ticket to the funds you need. With a minimum credit score requirement of only 560, Universal Credit is a top choice for subprime borrowers. While loan costs may be higher, they usually are when it comes to borrowing money with bad credit.

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