How to get a $1,500 loan fast, even with bad credit |

Compare $1,500 loans

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Find quick funding cover a surprise expense.

If you need $1,500 fast and have bad credit, an installment loan might help. While you might be able to get a loan the same day, watch out: It can be expensive.

OppLoans Installment Loans

A direct lender that offers fast funding with lower interest than a typical payday loan.

Opploans logo

  • Loan Amounts: $500–$5,000
  • Loan Term: 9 to 36 months
  • Turnaround Time: 1 business day
  • Must have direct deposit and meet minimum income requirements
Go to Opportunity Financial, LLC's site

Must live in one of the following states: AL, AK, AZ, CA, DE, FL, GA, ID, IL, IN, KS, KY, MI, MO, MS, NV, NM, OH, OK, SC, TN, TX, UT, VA and WI

A connection service that’s been helping people with bad credit get affordable loans since 1998.

Bad Credit Loans Logo

  • Loan Amounts: $500–$5,000
  • Loan Term: 3 to 36 months
  • Turnaround Time: Varies
  • Must have regular income and a checking account in your name
Go to's site

Am I eligible for a $1,500 loan?

You can generally get a loan if you:

  • Have a steady income
  • Are over 18
  • Have an established credit history

You can often get a $1,500 loan if you have bad credit, since most providers work with all credit types.

Compare short-term loan providers

The table below lists a range of short term lenders who offer $1,500 loans.

Updated September 18th, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
Varies by lender
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.
Same business day to 1 business days
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
Get a flexible installment loan with fast funding through one easy online application form.
As soon as next business day
Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.
Get an installment loan from an online tribal lender. Perks for returning borrowers.
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
As early as 1 business day
$1,000+ monthly income after taxes, valid checking account
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Varies by state
1 business day
Regular source of income, bank account, US citizen or permanent resident, ages 18+
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.

Compare up to 4 providers

How do I take out a $1,500 loan?

  1. Compare. Get started with the table above to find a lender that offers $1,500 loans that you can qualify for at a competitive rate.
  2. Apply. You can apply online or in-store if your lender has a branch near you. Click the Go to Site button to get started if you find a lender you like on our comparison table.
  3. Review your terms. Read your loan documents carefully before you sign on to anything. If you’re unsure what something means, ask.
  4. Get your $1,500. If you apply online, you can often get your money in your bank account the next day. In-store, you can get your money in a few minutes.

How much would I pay a month if I get a $1,500 loan?

How much you pay each month depends on two factors: Your APR and your loan term. APRs typically push 100% and come with terms from three to 12 months.

Use our monthly payment calculator to find out how much a $1,500 loan might cost with different rates and terms.

How to find a legit lender

How you compare your options largely depends on whether you’re applying for a payday loan or a standard $1,500 personal loan. Below, we’ve broken down what you need to know.

  • What’s the APR? APR includes both interest and fees and is the best way to compare the total cost of the loan.
  • What’s the term? The longer the term, the lower your monthly payments but the more it’ll cost in the long run.
  • Am I eligible? Some lenders might require you to have a job, have restrictions on borrowers who’ve filed for bankruptcy or only work in a few states.
  • How’s its reputation? Check customer reviews to learn about past customer’s experiences and sites like the Consumer Financial Protection Bureau to make sure it isn’t facing any lawsuits.

How do you know if a lender is legit?

How do I increase my chances of approval?

While there is no definite way to make sure a lender approves your application, it could help your application to keep the following in mind:

  • Make sure you qualify. You won’t get approved if you don’t meet the eligibility requirements.
  • Check your credit report. If you have the time, request a copy of your credit report to check for mistakes — these could be hurting your credit score.
  • Limit your applications. Every time you apply for a loan, it counts as an inquiry on your credit report, which lowers your score.

Factoring in your repayments. It’s important that you have a fair idea of what your repayments will look like before you apply for your $1,500 loan. Once you know how much you have to repay, take into account your existing salary and expenses and then determine if you can afford to make the repayments. You can use a loan calculator to find out how much you might have to repay weekly, biweekly, or monthly.

Benefits and drawbacks of $1,500 short-term loans


  • The opportunity of flexible repayments. Flexible repayment options let you line up your repayments in accordance to when you get paid. By making extra repayments, you can repay the loan ahead of time.
  • Online presence simplifies the process. If a lender is online, the entire process can be streamlined. You will usually be given multiple options during the application process to submit documents, information and track your application’s progress.
  • Bad credit is OK. People who have bad credit can find it difficult to be approved for loans, but there are a multitude of $1,500 loan options available for those with bad credit.


  • Higher rates. It’s common for short-term loans like installment loans to come with triple-digit APRs.
  • Short loan terms and repayment schedules. Most short-term loans require that you repay the entire amount in a few weeks or months, resulting in high repayments.
  • Predatory lenders. Some lenders can be disreputable and set unfair terms, so it’s important to do your research and apply for a loan with a reputable lender.

Cautions to avoid

When you look for a $1,500 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.

Looking a different loan amount or term?

Fixed Term

Fixed Amount

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2 months
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6 months
9 months
12 months
24 months

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Frequently asked questions about $1,500 loans

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4 Responses

  1. Default Gravatar
    BobbyNovember 7, 2018

    If I have no credit history or credit card who could I get a loan with?

    • Default Gravatar
      joelmarceloNovember 7, 2018

      Hi Bobby,

      Thanks for leaving a question on finder.

      Yes, but it could take work to find a lender willing to work with you. You might also need to adjust your expectations if you’re looking for, say, a large bank loan of $100,000.

      With so many lending upstarts competing for your business, an online lender might be a good place to start, especially for smaller loans. Many of these lenders use new technologies and alternative sources of data to determine your creditworthiness. They believe a broader look at your income and financial habits can better predict your creditworthiness than merely relying on your credit score.

      However, more traditional lenders — like banks and credit unions — are typically not willing to take on the risk of a borrower without a credit history. That’s because your credit report reveals to your lender how you’ve handled debt in the past. With no credit history, you’re considered a wild card. These lenders also consider your income, employment status and debt-to-income ratio when reviewing your application.

      Despite lacking a comprehensive credit history, you’ll find several options for getting your hands on a loan if you click here.

      Please send me a message if you need anything else. :)


  2. Default Gravatar
    JulieJuly 5, 2017

    I get paid next month per capita payment I received this for the last 25 years and the rest of my life I need a direct lender who can loan me 1000.00 + but I don’t have a checking or savings account I have to move out by 14th can you please help?

    • Avatarfinder Customer Care
      MayJuly 6, 2017Staff

      Hi Julie,

      Thanks for reaching out.

      If you do not have a bank account, you may like to speak to a lender featured on this page to discuss your loan options and eligibility. Be sure to read the criteria before applying for a loan.


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