What are the best $1,000 Installment loans? This question is about Best Installment Loans of April 2023

The best $1,000 installment loans are from PenFed Credit Union. The company offers loan amounts of $500 - $50,000, an APR range of 7.74% - 17.99%, repayment periods of 12 - 60 months and funding as soon as 1 business day after you apply. The loan amount you receive will depend on your credit score and your debt-to-income ratio, among other factors. Best $1,000 Installment Loans Lender Loan Amounts APR Repayment Period PenFed Credit Union $500 - $50,000 7.74% - 17.99% 12 - 60 months Upstart $1,000 - $50,000 5.35% - 35.99% 36 , 60 months Oportun $300 - $15,400 10.07% - 35.95% 6 - 46 months LendingClub $1,000 - $40,000 8.05% - 35.89% 36 or 60 months PNC $1,000 - $35,000 5.99% - 32.24% 12 - 60 months To see more loan options, check out WalletHub’s picks for the best installment loans overall. Then, you can estimate your rates and approval odds with our free pre-qualification tool.

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What are the best $1,000 Installment loans?

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This question is about Best Installment Loans of April 2023

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Grace Enfield, Content Writer

@grace_enfield • 03/17/22 This answer was first published on 03/17/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The best $1,000 installment loans are from PenFed Credit Union. The company offers loan amounts of $500 - $50,000, an APR range of 7.74% - 17.99%, repayment periods of 12 - 60 months and funding as soon as 1 business day after you apply. The loan amount you receive will depend on your credit score and your debt-to-income ratio, among other factors.

Best $1,000 Installment Loans

Lender	Loan Amounts	APR	Repayment Period
PenFed Credit Union	$500 - $50,000	7.74% - 17.99%	12 - 60 months
Upstart	$1,000 - $50,000	5.35% - 35.99%	36 , 60 months
Oportun	$300 - $15,400	10.07% - 35.95%	6 - 46 months
LendingClub	$1,000 - $40,000	8.05% - 35.89%	36 or 60 months
PNC	$1,000 - $35,000	5.99% - 32.24%	12 - 60 months

To see more loan options, check out WalletHub’s picks for the best installment loans overall. Then, you can estimate your rates and approval odds with our free pre-qualification tool.

Answer Question

What credit score do I need to get a $1,000 personal loan?

You will likely need a credit score of at least 580 to get a $1,000 personal loan. Most lenders that offer personal loans of $1,000 or more require bad credit or better for approval, along with enough income to afford the monthly payments. Other common loan requirements include being at least 18 years old; being a U.S. citizen, permanent resident or visa holder; and having a valid bank account. ... read full answer

Credit Score Required by Lenders That Offer a $1,000 Personal Loans

Lender	Loan Range	Credit Score Required
LendingClub	$1,000 - $40,000	600
Upstart	$1,000 - $50,000	580
PenFed	$500 - $50,000	600
LoanMe	$1,000 - $30,000	Not disclosed, but does consider those with bad credit
OppLoans	$500 - $4,000	Not disclosed

Some lenders will consider people with bad credit for a$1,000 personal loan, but it may be difficult to get approved for an amount above the lender's minimum unless you have a lot of income. Your chances of approval do get better the higher your credit score is above the minimum requirement, though.

The best way to see your odds of approval and what rates may be available to you is to add your desired loan amount to WalletHub’s free pre-qualification tool. This tool won’t hurt your credit score.

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