$1,000 Loans: Compare Every Way to Borrow $1,000
Page last reviewed: October 28, 2026 · Reviewed for accuracy by Betty Walsh
$1,000 sits at the edge of small-dollar borrowing. It's the top of U.S. Bank's Simple Loan, of the first type of credit union payday alternative loan, and of EarnIn's pay-period limit. Above it, you're mostly looking at installment loans. Compare them side by side, then request $1,000 online.
- U.S. Bank's Simple Loan tops out at $1,000 and costs $60
- Credit union PAL I loans go up to exactly $1,000, capped at 28% APR
- At 36% APR over 12 months, $1,000 costs about $100 a month
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Every Way to Borrow $1,000, Side by Side
Costs below are for exactly $1,000. Bank, credit union and app figures come from their published terms; the loan rows are worked examples.
| Option | Cost of $1,000 | Repayment | Who can get it |
|---|---|---|---|
| U.S. Bank Simple Loan | $60 fee (35.65% APR) | 3 monthly payments of about $353.33 | U.S. Bank checking customers with 6+ months of history and recurring deposits |
| Credit union PAL I | Up to 28% APR plus up to $20 | About $180.54 a month over 6 months | Members of at least 1 month |
| EarnIn | Optional tips; Lightning Speed from $3.99 | Up to $200 a day, so $1,000 takes at least 5 days | A regular paycheck; most new users start lower |
| Installment loan at 36% APR | $205.52 in interest | 12 payments of $100.46 | Most credit types; state caps apply |
| Installment loan at 99% APR | $613.04 in interest | 12 payments of $134.42 | Higher-cost lenders; some states cap rates lower |
| Payday loan at $15 per $100 | $150 | $1,150 in one payment, about 2 weeks | Only where state law allows a $1,000 payday loan |
The installment rows assume no fees. U.S. Bank's APR is from its own site.
How Much of the $1,000 You Actually Receive
Many installment lenders take an origination fee out of the loan before you get it. The fee is built into the APR, but it also changes the cash that lands in your account.
| Origination fee | Fee on $1,000 | Deposited to you | You repay |
|---|---|---|---|
| None | $0 | $1,000 | $1,000 plus interest |
| 3% | $30 | $970 | $1,000 plus interest |
| 5% | $50 | $950 | $1,000 plus interest |
| 8% | $80 | $920 | $1,000 plus interest |
Illustrative fee levels. Your loan agreement shows the exact figures as the amount financed and the finance charge.
$1,000 Loan Questions
How can I get a $1,000 loan immediately?
The fastest $1,000 often comes from a bank you already use: U.S. Bank deposits its Simple Loan within minutes of approval. Online installment lenders can approve within minutes too, and the money typically arrives from the same day to a few business days after you sign.
What is the monthly payment for a $1,000 loan?
Over 12 months, about $91.68 at 18% APR, $100.46 at 36% and $134.42 at 99%. Shorten it to 6 months at 36% and the payment rises to about $184.60.
How hard is it to get a $1,000 loan?
It's one of the easier sizes to get approved for, because the payments are small next to most incomes. Lenders still check your income and usually your credit; a weak score mostly raises the price rather than ruling you out.
What is the best way to borrow $1,000?
Go from cheapest to most expensive: a bank small-dollar loan or a credit union PAL if you're eligible, then installment offers compared by their total of payments. A $1,000 payday loan is only possible in a few states, such as Delaware, and costs about $150 for two weeks at $15 per $100.
Do I get the full $1,000?
Not always. If your lender charges an origination fee, it's usually deducted before the money is sent, so a 5% fee leaves you $950 while you still repay $1,000 plus interest.
See what lenders offer for $1,000
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