Written by Alice, Editor · Reviewed by Stephen, Compliance

A $1,000 personal loan through Cash Panda Loans can be repaid in monthly installments, typically over 6 to 24 months, with APRs from 6.99% to 35.99% depending on the lender and your circumstances. Checking your options takes about 2 minutes and won’t affect your credit score.

What a $1,000 loan could cost each month

APR6 months12 months24 months
6.99%$170 / month ($1,020 total)$87 / month ($1,038 total)$45 / month ($1,074 total)
20%$177 / month ($1,059 total)$93 / month ($1,112 total)$51 / month ($1,221 total)
35.99%$185 / month ($1,108 total)$100 / month ($1,205 total)$59 / month ($1,417 total)

Examples assume fixed monthly payments and no fees. The lowest rates are only available to some borrowers. Your actual APR, fees and payment are set by the lender and shown in your loan agreement before you accept.

A longer term lowers your monthly payment but increases the total you repay. At 35.99% APR, choosing 24 months instead of 6 adds about $309 in interest.

Who can request a $1,000 loan

  • You are at least 18 and a US citizen or permanent resident.
  • You have a regular income of at least $1,000 a month.
  • You have an active checking account in your name.
  • You have a valid email address and phone number.

All credit types can submit a request. For a $1,000 loan, lenders mainly look at whether your income is regular and the monthly payment is affordable alongside your other bills.

Can you get a $1,000 loan with bad credit?

You can request one. A lower credit score usually means a higher APR, and some lenders may offer a smaller amount than you asked for. These steps can help:

  • Show steady income. Regular, verifiable income matters more than your score alone.
  • Consider a longer term. At 35.99% APR, $1,000 over 24 months is about $59 a month, compared with $185 over 6 months, though you repay more in total.
  • Check your credit report first. Free reports are available at annualcreditreport.com.
  • Borrow only what you need. If a $500 loan covers it, it will be cheaper to repay.

How it works

  1. Tell us what you need. Fill in one short form with the amount and some basic details.
  2. See your options. Lenders in our network of 100+ lenders review your request. If one can help, you see the APR, payment and term.
  3. Accept and get funded. If you accept, the lender may run a soft or full credit check and deposit funds as soon as the next business day.

Common uses for a $1,000 loan

  • Car repairs or registration costs
  • Medical, dental or vet bills
  • Catching up on rent or utility bills
  • Replacing a broken appliance

Alternatives worth checking first

  • Your bank or credit union. Members in good standing may get lower rates.
  • A payment plan. Medical providers, vets and utility companies often let you spread costs at no interest.
  • A 0% intro APR credit card, if you can repay within the promotional period.

Compare other amounts: $500 loan, $2,000 loan and $3,000 loan. New to borrowing online? Read how to borrow money online.

Frequently asked questions

How much is the monthly payment on a $1,000 loan?

It depends on the APR and term. At 6.99% APR over 24 months it is about $45 a month; at 35.99% APR over 6 months it is about $185 a month.

How fast can I get $1,000?

If a lender approves you and you accept, funds can arrive as soon as the next business day.

Can I get a $1,000 loan with bad credit?

You can submit a request with any credit type. Lenders look at your income and ability to repay, and a lower score usually means a higher APR.

Will checking my options affect my credit score?

No. Checking your options with Cash Panda Loans doesn’t affect your credit score. Lenders may run a soft or full credit check before making a final decision.

Is Cash Panda Loans a lender?

No. Cash Panda Loans is a free loan-matching service that connects you with lenders. The lender sets your rate and terms.

Check your options — it takes about 2 minutes and won’t affect your credit score.