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With just a little basic information, you can get a quote. It literally just takes a few minutes to complete the form and they you might have an offer from one of our lenders. Even if you have bad credit. Best of all, it is free and you are under no obligation.
Getting Money ASAP
If you need a 1500 dollar loan, 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.
Even with bad credit, you may be able to qualify for a loan from 500 dollars to fifteen thousand dollars. The lenders in our network are used to working with people with less than perfect credit, so do not pre-judge yourself.
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. If you have fair credit or even bad credit, it is far easier to get an approval with a loan network.
About 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.
You can probably not afford to pay back the $1500 all at once so make sure that the terms work for you.
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 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 dollars 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.
Can you afford to pay back the loan?
Fit the loan payment into your budget and see if it fits. If not, you need to seek out another alternative or you may be geting yourself in worse trouble
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 you must have some sort of regular income. This income can be anything that you get at regular intervals, even government benefits like social security.
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 an 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.
Other Ways To Get Money By Tomorrow
If you need 1500 dollars by tomorrow, the easiest solution is a loan but there might be other options. Here are some choices to consider.
- Sell something.
Selling property to get cash the next day is tough, but possible if you are resourceful and have the right stuff. Things like video games, designer purses and other hot high dollar ticket items will go quick if you price them right and in the right place.
Forget about Craigslist, too many scammers and time wasters. Instead, list your items on eBay with a “buy it now” option and prices about 10 percent less than the closing prices on comparable auctions. If it is a high traffic item, people will see the value and snap it up. Then they will pay you instantly on PayPal and you can use their instant deposit feature to get your money immediately.If you sell enough stuff, you can get 1500 dollars or more by tomorrow.
- Borrow from friends and family.
Hopefully you have a good friend and family base to draw from. Asking for 1500 dollars from one person is probably not going to happen. Instead, ask for several hundred dollars from several people.
If you are desperate for money, look far and wide and use the power of services like Zelle to accept instant payments. With a little luck, you can get all of the money that you need by tomorrow.