A $1,000 loan — your call on how to repay it.
Clear it on payday, or spread it over three to twelve months. Same amount, two very different costs. Here's both, side by side, before you decide.
One payment or monthly? Toggle and compare.
- $150 flat fee ($15 per $100) — shown before you sign
- Same-day funding possible before 10 a.m.
- No monthly interest, nothing after payday
- Your next paycheck is $1,150 lighter
- Only where your state allows $1,000 short-term loans
- Rolling over repeats the $150 fee
- Fixed payment, no surprise on payday
- No prepayment penalty — pay it off in 2 months if you can
- Available in most states, often reported to bureaus
- Costs a bit more in total than one on-time payday payment
- Next-business-day funding, not same day
$1,000 by term
| Repay over | Payment | Cost | Funding |
|---|---|---|---|
| One payment (short-term) | $1,150 | $150 fee | Same day possible |
| 3 months (installment) | $350.13 / mo | $50.39 interest | Next business day |
| 6 months (installment) | $181.54 / mo | $89.27 interest | Next business day |
| 12 months (installment) | $97.48 / mo | $169.79 interest | Next business day |
Short-term fee assumes $15 per $100; installment assumes 29.99% APR and no origination fee. Your lender's agreement shows exact figures.
What $1,000 usually covers
- Brakes, alternator, starter$500 – $1,000
- Dental work or a deductible$600 – $1,200
- Rent gap$500 – $1,000
- Furnace or plumbing repair$300 – $1,200
- Vet treatment$500 – $1,000
$1,000 loan FAQ
How fast can I get a $1,000 loan?
Decisions in minutes; funds by the next business day. Same-day is possible for short-term loans signed before 10 a.m. local time.
Should I repay $1,000 in one payment or over months?
If your next paycheck can absorb $1,100–$1,150 without leaving you short, one payment is cheapest in dollars. If not, a 3–6 month installment loan costs more in total but protects your next month.
What income do I need for $1,000?
Lenders typically look for around $1,000–$1,200 a month in verifiable income for this amount, with the loan payment fitting comfortably inside it.
Can I get $1,000 with bad credit?
Yes. No minimum score is required. With fair or poor credit, expect a short-term offer or an installment loan at the higher end of the APR range.
Is $1,000 available in every state?
As an installment loan, in most states. As a short-term loan, only where the state cap allows $1,000 (several cap at $500). The form shows what's available for your address.
Request $1,000 — pick the repayment that fits.
Soft credit check, offers in minutes. Choose payday or monthly on the agreement.