Grace Enfield, Content Writer
@grace_enfield
The smallest personal loan you can get is $250 from Navy Federal Credit Union. The company has an APR range of 7.49% - 18%, repayment periods of Up to 60 months (up to 180 for home improvement) and an origination fee of $0. You do have to be part of the military community to qualify, though.
The minimum loan amount available from most other major loan providers ranges from $1,000 to $3,500. You might be able to find loan offers for $250 or less from some smaller companies, but we don’t recommend them because they tend to have very high interest rates and fees.
Smallest Personal Loans
| Company | Loan Amount | APR | Origination Fee |
| $250 - $50,000 | 7.49% - 18% | $0 | |
| $300 - $15,400 | 10.07% - 35.95% | Depends on the customer | |
| $500 - $10,500 | 34% - 155% (varies by state) | 1% - 5% (varies by state) | |
| $500 - $4,000 | 59% - 160% | $0 | |
| $500 - $5,000 | 60% - 299% | None | |
| $500 - $3,000 | 99% - 300% | $0 | |
| $500 - $4,000 | 99% - 349% | None | |
| $500 - $5,000 | 349% - 599% | None | |
| $500 - $50,000 | 7.74% - 17.99% | $0 | |
| $1,000 - $40,000 | 8.05% - 35.89% | 1% - 6% |
To see more of the top-ranked offers, check out WalletHub’s complete picks for the best small personal loans.
If you're having trouble finding a small enough loan from a major loan provider, you should look into alternatives. Using a credit card or getting a loan from a friend or family member may be a better option for you.
People also ask
Where can I get a 500 dollar loan?
The best places to get a $500 loan are local credit unions or friends and family. A credit card is another good option for borrowing $500 for personal reasons. Credit cards with $500+ credit limits are usually available to people with good credit or better (though people with fair credit might have a chance). Unfortunately, the most popular and best-rated lenders on the market don’t offer personal loans below $1,000. And many of them won’t...
read full answerCan you get a personal loan for less than $1,000?
Yes, you can get a personal loan for less than $1,000 from select credit unions and online lenders. The best lender for personal loans under $1,000 is Navy Federal Credit Union because it offers loans starting at $250 with APRs of 7.49% - 18% and repayment periods of Up to 60 months (up to 180 for home improvement). To qualify for a loan, you must be a member of the credit union, which is open to active and former military members and their family.
Navy Federal Credit Union isn’t the only reputable...
read full answerWhere can I borrow a small amount of money?
You can borrow a small amount of money from banks, credit unions or online lenders, some of which offer as little as $250. Other options include getting a paycheck advance from a service such as Dave or Earnin, or getting a loan from a trusted friend or family member.
Payday loans and auto title loans can offer small amounts of money, as well. However, these loans often have expensive fees and very short repayment...
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