Getting $1500 Now
If you are interested in an installment loan to get your $1500, the process is very simple. Just fill out the short quote form above. In just a matter of minutes, you can have an offer in front of you from one of our lenders in the network. If you accept your offer ,after a careful review, you can get your money as soon as the very next business day.
Why Work With Loan Monkey?
Loan Monkey is not a direct lender and that is a good thing. With a direct lender, you have one shot at approval. Get denied and the game is all over. With us, you fill out one short quote form and your information is potentially seen by dozens of lenders. It goes from lender to lender until one is found that wants to make you an installment loan offer. It could not be easier to get the money that you need.
About $1500 Installment Loans
As with any financial situation, you need to take a look at every aspect of the situation you are looking to get into. Loans have fees and terms that you must understand fully before you sign. Here are some things that you need to note.
Every lender has different fees and interest rates and those will vary depending on your particular credit situation. Be sure to note fees like origination fees, contract fees and pay attention to the interest rate. Look at the total cost of the loan and determine if all of the fees and interest are worth it.
Terms as with anything else can also vary. Terms are typically set by the amount that you borrow, so the more that you borrow, the longer you will typically have to pay the loan. When you receive a loan offer, your lender will give you the loan term as well as the actual monthly payment. Be sure that this will fit into your budget.
The requirements needed to get a loan will also vary from lender to lender. Do not worry, with our network, you can get a loan even if you have bad credit. Documentation needed is typically very minimal but your lender may need to contact you by phone and might request a document or two.
Should I Take Out A $1500 Loan?
You need to make that decision yourself. Only you can truly analyze your financial situation. Here are some things to consider though.
Are the loan fees and interest worth it?
If this is for a non emergency, you need to consider whether it would be better to just save up the $1500 or if you can tolerate the fees. If it is an emergency expense, is there a cheaper way to get the money?
Do you have another source of income?
$1500 is hard to come by but who knows, you might have a rich relative. If you do, that would be a far better option than taking out an expensive loan.
Can you do without the money?
If the cost of the loan ends up being high and the money is needed for something that is not an emergency, you might be better off doing without. Loans for unnecessary expenses are seldom a good idea.
More Installment Loan Questions
Is there any collateral needed?
No, an installment loan through our network of lenders in an unsecured loan.
What makes an installment loan different than a payday loan?
Installment loans give you longer to pay the money back. Instead of having to pay the loan back entirely on your next payday, you have more time. You will be allowed to make monthly payments until the loan is paid back.
What do I need to apply?
You need only a few things to meet basic requirements. You will need a source of income, you must be at least 18 years old, you must have a valid social or tax id number and you must have a checking account. Some lenders may have more requirements but with our network, chances are good that you will be matched to a lender.
Do I need to be employed?
No, you do not have to have a job but yo must have some sort of regular income.
What is an example of an installment loan?
In a typical installment loan, a lender will allow you to borrow a set amount of money. They will deposit the money directly into your account. They will then take out monthly payments until the loan is paid in full.
Can you get an installment loan with bad credit?
Yes, if you have a source of income and a checking account, you can get a loan even with bad credit. This is why it is important to use a network like ours. More lenders increases your chances of approval.
Can you pay off a $1500 installment loan early?
Absolutely and it will typically save you a lot of money in interest. Check with your particular lender however to see if there are any pre-payment fees.
Can I get an installment loan with a 550 credit score?
In many cases, yes. In any way it does not hurt to get a quote. There is no cost to you, it takes just a few minutes and our large network of lenders improves your shots of getting approved.
Review of $1500 Loan
- From Author
If you need $1500 or more, this article will give you some choices that might get you the money that you need. Choices are given in order and with detail