Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
Get a $1,000 loan
Compare personal loans and installment loans for applicants with good, bad or no credit.
Not all lenders offer $1,000 loans, but there are a handful of options for all credit types — even if you have no credit score at all. We compared over 260 personal loan providers, payday lenders and connection services to help you find the right $1,000 loan for your needs.
8 lenders that offer $1,000 loans for bad credit or no credit
These personal and installment loan providers offer $1,000 loans to people with credit scores below 580. With Stilt and Boro, you don’t need a credit score to qualify — even if you have no credit profile.
But watch out for high interest rates on installment loans, which can top 300% in some cases.
Provider | Requirements | Best for | Finder rating | |
---|---|---|---|---|
Net Credit |
| Credit scores under 550 | ★★★★★ | |
Monevo |
| Comparing personal loans | ★★★★★ | |
Boro |
| College students with no cosigner | ||
Stilt |
| Nonresidents and recent immigrants | ★★★★★ | |
LoansUnder36 |
| Finding a loan with an interest rate under 36% | ★★★★★ | |
Opploans |
| Installment loans that can improve your credit | ★★★★★ | |
Fast5Kloans |
| Comparing payday and installment loans | ||
MoneyLion |
| Repeat borrowers | ★★★★★ | Read more |
7 lenders that offer $1,000 loans for good and fair credit
These providers offer $1,000 loans to people with credit scores above 580. Generally, the higher your credit score, the lower the rate you’ll qualify for.
Provider | Min. credit score | APR | Finder rating | |
---|---|---|---|---|
Upstart | 5.4% to 35.99% | ★★★★★ | ||
Upgrade | 600 | 5.94% to 35.97% | ★★★★★ | |
LendingClub | 600 | 6.34% to 35.89% | ★★★★★ | |
Credible | 580 | 3.99% to 35.99% | ★★★★★ | |
Fiona | 670 | 4.75% to 35.99% | ★★★★★ | |
PNC Bank | Not stated | 6.39% to 28.74% | ★★★★★ | Read more |
Laurel Road | 680 | 7% to 23.25% | ★★★★★ | Read more |
5 steps to get a $1,000 loan
- Make sure you’re eligible. Lenders look at factors like where you live and your income when you apply for a loan.
- Compare lenders. Use the table below to find a lender that offers $1,000 loans you can qualify for.
- Apply. Found a lender you like? Choose the Go to Site button on our table to get started on the application.
- Review your offer. Lenders will contact you within a few minutes with an offer if you’re approved. Read carefully before signing anything.
- Get your $1,000. Typically, your money is deposited into your account as soon as one business day.
Calculate how much your loan will cost
How much your loan costs depends on the APR and the loan term.
Installment loans might work with bad credit borrowers, but they’re expensive. It’s common for rates to top 100% and usually you have between three and 12 months to repay an installment loan. A shorter loan term might give you higher monthly repayments, but it’ll help you save on interest.
Use our calculator below to figure out how much a $1,000 loan will cost you.
Monthly repayments calculator
See how much you'll pay
Your loan
|
---|
Loan amount |
$
|
Loan terms (in years) |
|
Interest rate |
%
|
Fill out the form and click on “Calculate” to see your estimated monthly payment.
or
Compare $1,000 loans nowBased on your loan terms
Principal | $ |
---|---|
Interest | $ |
Total Cost | $ |
4 ways to borrow $1,000 with a score below 580
If your FICO score is below 580, consider the following options to get the money you need:
- Personal loan providers — 36% max APR, 2- to 7-year terms
Some lenders specialize in bad credit, and if you qualify, this is often the least expensive option for a loan. - Credit unions — 28% max APR, 1- to 6-month terms
If you’re willing to become a member, federal credit unions sometimes offer payday alternative loans as high as $1,000 - Installment loan providers — 300%+ APR, 3- to 18-month terms
Installment loans are easier to qualify for than a personal loan and, in some cases, can be a faster option, but you’ll pay high interest and fees. - Title loan providers — 100%+ APR, funded in 30 minutes
These lenders use your car as collateral to help you qualify and often require an in-person application, but you can get funded in as little as 30 minutes, if you’re willing to pay triple-digit interest rates.
No-credit-check loans are more expensive
Apply for a $1,000 personal loan with no credit check with lenders like Stilt that use employment data instead of your credit score. Some installment loan providers also offer no credit check loans.
But these loans tend to be more expensive than financing from a lender that checks your credit score. Most bad credit personal loan and installment loan providers will consider you for a loan even if you have a few bad credit listings on your file.
Check the eligibility criteria listed for both bad credit and no credit check lenders and see which one best meets your needs.
Compare lenders that don’t check your credit
5 factors to compare $1,000 loans
How you compare your options largely depends on whether you’re applying for a payday loan or a standard $1,000 loan. Below, we’ve broken down what you need to know.
- Eligibility. Don’t waste your time applying for a loan you can’t qualify for. Check your eligibility first.
- Interest rate. Installment loans are generally expensive, but some providers offer more competitive APRs than others.
- Loan terms. Try to find the shortest term that you can comfortably afford to save on interest.
- Fees. While fees are included in the APR, be aware of the charges you might have to pay up front.
- Lender reputation. See what other borrowers have to say by reading reviews on sites like Trustpilot and the Better Business Bureau.
How do you know if a lender is legit?
3 ways to increase your chances of approval
While there’s no definite way to make sure a lender approves your application, it could help to keep the following in mind:
- Establish eligibility criteria. Review the list of loan eligibility requirements available on each Finder loan review page before you apply. Call the lender if you have doubts about eligibility.
- Go through your credit report. Get a free copy of your credit report online before you apply. Understanding your credit history will put you in a better position to know what loans you can and can’t apply for.
- Limit your applications. Every time you apply for a loan, it counts as an inquiry on your credit report, which can lower your score.
3 things to avoid
When you look for a $1,000 loan, bear in mind that it can come with associated risks:
- Avoid taking on more debt than you can handle and exercise caution throughout the loan process.
- A short repayment period and high fees translate into high repayments.
- You can avoid high interest rates by comparing multiple lenders. Remember to consider all costs, including financing fees if applicable.
Compare more lenders that offer $1,000 loans
Check the websites of any providers you’re interested in to confirm they operate in your state of residence.
More guides on Finder
-
Best cash advance apps to get you to next payday
Compare the 8 best cash advance apps for low fees, high limits and more.
-
Apps like FloatMe
If this app’s $50 limit is too low, alternatives like B9, Earnin and Branch may be a better fit.
-
6 cash advance apps that work with Chime
Many pay advance apps don’t work with this online bank — but here are six that do.
-
Cash advance apps for instant money in 2022
Get at least $25 in as little as 20 minutes with these five apps for instant money.
-
A to Z list of cash advance apps
A comprehensive list of cash advance apps that our experts have reviewed, including Brigit, Dave and Earnin.
-
How to borrow money from Cash App in 2022
Select Cash App users can get a short-term loan for up to $200.
-
Apps like Possible Finance
Choose from 5 options to find the best pay advance solution. Top names like Dave and Brigit are joined by 3 other pay advance apps.
-
Apps like MoneyLion
MoneyLion is a pay advance app stacked with features — and hefty fees to match. We’ve lined up 6 alternatives to help you go easy on your wallet.
-
Apps like Lenme
If you’re considering using Lenme for a pay advance but its negative reviews are holding you back, we’ve lined up 7 alternatives that could offer more reliability and transparency.
-
5 apps like Klover
Get access to the money you’ve already earned with one of these secure options.
Ask an Expert
I have emergency dental work that needs to be done dont know how much.What type of loan should I apply for?
Hi BidRed,
Thanks for your question.
If you want to borrow money for a dental procedure, you may consider getting a dental loan. On this page, you may compare dental loans. Kindly review the eligibility criteria and the terms and conditions of the loan before submitting your application.
Alternatively, you may also consider comparing emergency loans.
Cheers,
Anndy
Can I get a loan with out having a checking or saving
Hey Dustin,
Thank you for reaching out to us.
Yes, it’s possible and you can check out this page on No Bank Account Loans.
As finder is an online comparison service and is not a product issuer, it would be best to get in touch with a lender featured on our pages to discuss your eligibility or options.
Also, you may have to check if payday loans are legal in your state.
Before applying, please ensure that you meet the eligibility criteria and requirements and to read the details, as well as the relevant Product Disclosure Statements/ Terms and Conditions of the option before making a decision and consider whether the product is right for you.
I hope this helps.
Cheers!
Maria