Grace Enfield, Content Writer
@grace_enfield
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.
Credit Score Required by Lenders That Offer a $1,000 Personal Loans
| Lender | Loan Range | Credit Score Required |
| $1,000 - $40,000 | 600 | |
| $1,000 - $50,000 | 580 | |
| $500 - $50,000 | 600 | |
| $1,000 - $30,000 | Not disclosed, but does consider those with bad credit | |
| $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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read full answerHow can I get a $1,000 loan?
The best way to get a $1,000 loan is to take out a personal loan from PenFed Credit Union, Upstart, or LendingClub. These lenders offer personal loans of $500 to $50,000, with APRs as low as 5.99%, depending on an applicant's creditworthiness.
How to Get a $1,000 Loan in 6 Steps
- Check your credit score.
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How can I get a $50,000 loan?
The best way to get a $50,000 loan is to take out a personal loan from LightStream, SoFi, or Navy Federal Credit Union. These lenders offer personal loans of $250 to $100,000, with APRs as low as 2.49%, depending on an applicant's creditworthiness.
How to Get a $50,000 Loan in 6 Steps
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