Apply Online and Borrow $1,000 With Dime Alley For 1 To 60 Months and Get an Instant Decision!
I Need To Borrow $1000 – How Does It Work?
Borrowing $1000 with Dime Alley is super easy, thanks to our three stage process:
Step 1: Apply Online Today
Step 2: Wait To Hear Back From Us
Step 3: Receive your $1,500
How Fast Can I Get a $1,000 Loan?
If you are looking for a quick $1,000 loan, you could receive the funds in your account the very same day you apply for it. When we receive your application, we connect it with one of our regulated lenders who we deem a good fit for you.
We aim to find you a match within 24 hours or sooner, just make sure that you enter accurate information and are available by email or phone straight after you apply for any follow up questions.
What is the Eligibility Criteria for a $1000 Loan?
You can apply for a $1000 loan with us as long as you meet these following four requirements:
- You are over 18 years of age.
- You have an American citizenship.
- You receive a minimum monthly income of $800.
- You have a current account for us to deposit funds into.
We only work with legitimate lenders, making sure you are being offered fair rates.
When you submit apply for a $1000 loan with Dime Alley, you won’t be hit with any hidden fees. If one of our lenders approves your application, we will receive a commission directly from them.
Through our soft search service, we assess your application and credit history without it impacting your credit score.
How Much Does a $1000 Loan Cost?
Good credit: Borrow $1,000 over 12 months, total interest paid $54.99, total $1054.99 based on APR of 10%
Fair credit: $1,000 loan repaid over 12 months, total interest paid $111.61, total $1111.61, based on APR of 20%
Bad Credit: Borrow $1,000 repaid over 12 months, total interest paid $205.55, total $1205.55, based on APR of 36%
Can I Apply for a $1000 Loan with Bad Credit?
Yes, you can get a $1,000 loan with bad credit score or history and we will be willing to take all circumstances into consideration.
Our trusted lenders lend to borrowers with all kinds of financial records. They aim to provide you with the best available rates to you and help you where they can.
We know that it can be stressful securing a loan when your credit history is imperfect, which is why we consider all applications. We try to make stressful times that bit less daunting.
In fact, if you borrow $1000 and pay it off according to the terms of your agreement, your credit history could be improved. This can make it easier to secure loans in the future should you need them.
What to Consider Before Applying to Borrow $1000
Before applying for a $1000 loan with Dime Alley, you should consider the following:
Whether you urgently need the loan.
How you will pay it back.
What will happen if you fail to repay your loan.
Whether you could seek the funds elsewhere, such as from friends or family.
Your credit record will determine the terms you are offered on your loan. The stronger your credit history, the lower interest you are likely to be offered.
Where Can I Get a $1000 Loan?
You can get a $1000 Loan with Dime Alley in all of the 37 states which approve payday loans. These include California, Texas, Alaska, Michigan and Nevada.
In some states, regulation limits how much we can lend. For example, we can only provide loans of up to $300 in California and $1,000 in Delaware.
In some states, the interest on loans are limited, keeping costs manageable for you. For instance, interest is capped in South Dakota at 36% and Illinois at 15.5%.
We don’t operate in the states where payday loans are not authorized, such as New York, New Jersey and Arizona.
Which States Offer $1000 Loans?
$1000 Dollar Loan FAQs
- Can I Get a $1000 Loan with No Credit Check?
- How Much Can I Borrow?
- What is the Repayment Period on my Payday Loan?
- Can I get a $1000 Loan with Bad Credit?
- Is There a Cap on Interest for $1000 Loans?
- Am I Charged a Fee for using Dime Alley?
Dime Alley will consider those looking for no credit check loans, but note that a credit check is usually carried out for all customers.
With Dime Alley, you could find payday loans ranging from $100 to $35,000 – with the amount you can borrow based on factors like your monthly income, credit status and affordability.
Other things come into play too, including your residence (homeowners are often preferred), age and whether you have any other similar loans open too.
Customers can repay over 1 month to 60 months (or equal to 5 years) – this will depend on whether you prefer the payday option which may be just a few weeks or months, or the longer installment option which can be several years to stretch out your repayments.
Payments are usually made in equal monthly installments from the bank account you choose and you always have the option to repay early if you would like to do so.
If you have a bad credit score, don’t worry – you can still get a loan of $1000!
With Dime Alley, all credit histories are accepted. This means that you should still request a payday loan with us even if you have already been turned down by a bank because of bad credit.
Yes – every state has some sort of price cap. This is a maximum rate of interest that your lender is allowed to set on your loan and it varies from state-to-state.
Some states are more strict, such as Colorado, who have a cap of 36% on loans, whereas some are more lenient, such as Nevada, who have a price cap of over 600%.
The price cap on your loan will depend upon the state you reside in.
No! We will never charge fees for using our service.
Instead, we take a fee or commission from the lender if your application is approved and successful. The lenders will charge a daily or monthly interest if your loan is active and this will be presented to you in writing before you proceed.