$50,000 debt consolidation loans
If you're carrying around $50,000 across a large mix of cards, personal loans or other unsecured debt, a debt consolidation loan combines it into one fixed monthly payment. Whether it saves you money depends on the offer, so here's what to compare.
What to expect when consolidating $50,000
- $50,000 is at or above the maximum many personal lenders offer, so options may be limited. Lenders that offer this amount often ask for more detail about your income and finances.
- Over a long repayment period, interest on $50,000 can add up to a large sum. Weigh a lower monthly payment against the total cost before you pick a term.
- At this size, it can help to compare a consolidation loan with other approaches, such as paying down the highest-cost balance first, before you decide.
- Consolidation only lowers your cost if the new loan's APR and fees come in under what you pay now over a similar time frame.
- Each lender sets its own APR, fees and terms based on your credit history, income and existing debt.
Estimate what consolidating could save
Enter your current balances and their APRs, then the APR and term you want to compare. Both are paid off over the same term.
Estimates only, based on the numbers you enter. Not an offer of credit. Lendara is not a lender.
How checking your options works
When you check your options for a $50,000 debt consolidation loan through Lendara, you answer a few questions about the loan you want, your income and your finances. Checking your options is free. Partners may run a soft or hard credit check depending on the offer; you'll see details before you apply.
If participating lenders have options for you, you can compare them side by side: APR, fees, monthly payment, term and total cost. Nothing is accepted until you choose an offer.
If you decide to apply with a lender, that lender may run a hard credit inquiry, which can affect your credit score. The lender, not Lendara, decides whether to approve you and on what terms.
Frequently asked questions
Do lenders offer $50,000 for debt consolidation?
Some do, but many set their maximum lower. If you see offers for less, compare using one for your most expensive balances.
How much interest would I pay consolidating $50,000?
That depends on the APR, fees and term in an actual offer. Enter your balances and an APR to compare in the calculator above for an illustrative estimate; real offers may differ.
Does Lendara set the terms on a $50,000 loan?
No. Lendara is a free marketplace, not a lender. Participating lenders set their own loan sizes, APRs, fees and terms, and make their own credit decisions.
Related guides
- How to Compare the Total Cost of a Loan (Not Just the Monthly Payment)
Why the lowest monthly payment isn't always the least expensive loan, and a step-by-step way to compare offers by APR, fees, term and the total you'll repay.
- How to Compare Debt Consolidation Loan Offers
How to compare debt consolidation loan offers on APR, origination fees, term length, total cost and prepayment penalties before you consolidate.
- Debt Consolidation Basics
What debt consolidation is, how it generally works, and questions worth asking before you combine multiple balances into one.
Lendara is not a lender and does not make credit decisions. Lendara is a free online marketplace that connects you with participating lenders, who set their own eligibility rules, rates, fees and terms. Lendara may receive compensation from partners, which may affect which offers appear and their order.