Editor's choice: OppLoans Installment Loans
- Easy online application
- Quick approval
- Long repayment terms
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.
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.
The table below lists a range of short term lenders who offer $1,500 loans.
How much you pay each month depends on two factors: Your APR and your loan term. Traditional personal loans cap APRs at 36%, while alternative short-term loans typically push 100% APRs and come with terms from 3 to 18 months.
Use the monthly payment calculator to find out how much you’ll pay with different rates and terms.
|Loan terms (in years)|
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.
While depends on the lender, but you generally qualify for a $1,500 loan if you meet the following criteria:
Not all lenders offer loans as low as $1,500 you might come across a predatory company in your search. Ask yourself the following questions to make sure you’re working with a lender that’s legit.
No legitimate lender will guarantee that you’ll get approved before looking at an application. Most will at least check your income at least to make sure you can afford repayments before making an offer. Taking out a loan that you can’t afford sets you up to miss repayments and get caught in a cycle of debt.
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:
|24 months||Compare more|
Enjoy 2% APY on balances up to $2,499.99 and 0.1% to 1% APY on balances over that.
Equifax launched a new product that lets you volunteer your bank account information when you apply for a loan. Here’s how you could benefit.
This connection service is transparent about rates — but asks for lots of personal information before you know where it’s going.
Here’s how many points it takes to nab that Amazon gift card.
Check out the top 50 American car models, and find out what makes them American.
Refinancing with another lender or even switching repayment plans can free up room in your budget and even save on the total cost.
Nonprofits can offer inexpensive paths to debt freedom with fewer risks than debt settlement companies.
Get a small business loan for your company up to $400,000, but watch out for high costs.
Handy folks near and far can earn points when they sign up for Ace Rewards — but only at participating locations.
This digital checking account teaches your teen healthy money habits through interactive quizzes and an intuitive mobile app.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.