How fast can someone get a 1000 dollar loan?  Most times, if you apply for a loan online (and get accepted), your loan will be received the next business day.  EFT is the fastest way to get this type of loan and you will need a checking account in order for the funds to be electronically transferred to your bank account.  Most times it will take about two days to get approved for this type of loan.  However, it will vary depending on the company and some companies can approve a loan within a matter of minutes.  If you really need a loan fast, then try and apply during early business hours – 9am – so that the company can process the application the same day.

Poor credit history does not affect your approval for a 1000 dollar personal loan, but will affect your chance of obtaining loans for a larger amount. Late payments and not having the ability to pay back a loan will affect future loan approvals.  Also, filing for bankruptcy within the year will affect a customers’ ability to get approved.  Most 1000 dollar payday loan companies will verify your bank account and loan history, but will not dabble in your credit history.

Remember that these loans are intended for short term purposes and that the lending company will expect you to pay the loan back within a short amount of time.  Typically loans of this size will need to be paid back within 14 days (2 weeks).  This means that one should have a repayment plan that focuses on a 2 week window.  Try and plan the loan around your pay period so that you can quickly pay off the loan when the loan comes due.

The first way to get this type of loan is to simply ask family and friends for a loan.  Many people strongly suggest not asking for a loan from family and friends because even a small amount of money that is not repaid back to a family/friend can create ill-will in a relationship.  Only ask a family member as a last resort.  The favorable outcome of getting a loan from a family member is that these loans will be interest free and you can work out more favorable loan repayments.

Bank

A bank is probably the first place to obtain 1000 loans.  Any lending institution should be willing to lend you a 1000 dollar as this amount is a small sum and can usually be paid back with ease.  The only requirement for lending institutions is that your credit is good and that your monthly income is enough to pay off the debt.  This means that you have to have a job of some sort and that the amount that you make per month can cover the monthly payment on the month.  As stated, a bank will lend you this money as it is a small amount.  Just remember that you will need to have some sort of income (and proof of income) in order to be eligible for this loan.

Balance Transfer

1000 dollar loan can be easily obtained by performing a balance transfer.  Balance transfers allow the credit card user to transfer balances from one credit card to another.  In order for this to work, simply apply for the balance transfer and ask for 1000 dollars more than what is actually needed to repay the other credit card.  Once the application is accepted, the credit card company will send you a check that you can deposit into the bank.  Voila $1000 in your pocket!
Remember that loans have to be paid back at some point and that you will have to be prudent in your investigations to see which interest rates are the most favorable.

Cash Advance

As a last resort, a 1000 cash loan can be obtained by performing a cash advance on your credit card.  Cash advances carry an extremely high interest rate and you will start be charged as soon as the money is withdrawn from the card.  However, desperate times equal desperate measure and 1000 dollars can go a long way.