Borrowing 500,000 is not one of the most common amounts you can borrow. This, together with the fact that it is a fairly large loan amount, you probably have to take out a loan that has some kind of collateral to be able to get the money
You may need to borrow USD 500,000 for a house. If that is the case then it is the question of a mortgage that you should apply for. If you want to know more about mortgages, you can go to our special page about mortgage loans and find all information about this type of loan. We have almost 30 articles here on the site about mortgages, so we address most of this.
Since mortgages are the most common form of loan when half a million USD is to be borrowed, you can also find a little further down on this page some quick information about the lenders that you otherwise find on our comparison page.
Other ways to borrow USD 500,000
If you are not going to borrow USD 500,000 for a home, you still have the option to take out a loan with a house that you already own as collateral. If you do not have a house, you will probably find something else that you can offer as collateral for your loan. It is true that the usual unsecured loans, which you usually call private loans, usually only extend up to about USD 350,000.
Sure, you can borrow USD 250,000 from two different lenders, provided you pass the credit checks. But you have to be pretty careful about this as the monthly cost will be over USD 6,000 even if the interest rate is not very high and you are repaying at 13 years. If you are unsure if your finances can handle this strain, this is not a good option.