Get a $1,500 Loan Online Today
- Guaranteed approval*
- Bad credit accepted
- Online process in minutes
- Secure application
- Fast funding from a direct lender
Why Trust Us?
1F Cash Advance has been providing emergency loans since 2019. We are licensed and operate under state laws. Over 140,305 consumers have already benefited from our services, both online and in stores.
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When an unexpected bill hits and you need $1,500 fast, 1F Cash Advance can help. Our loans offer same-day approval and require no collateral. Funds can be disbursed within one business day, allowing you to cover expenses like rent, medical bills, car repairs, or utilities. Flexible repayment is made easy with simple monthly installments.
How to Apply for a $1,500 Loan
Applying is fast and easy with three simple steps:
Get approved
We perform a soft credit check that doesn’t affect your score and provide your offer instantly.
Receive the money
Sign the agreement to receive the funds within one business day*.
*If you sign the agreement by 10 a.m. on a business day, you may receive the funds the same day.
How to Qualify
You must meet the following requirements:
- Be 18 years old or more
- Be a U.S. citizen or legal resident
- Have a government-issued photo ID
- Provide a valid SSN or ITIN
- Have at least $1,000 as your regular monthly income
- Maintain an active checking account in your name
- Have a working phone number and email address
Repayment Terms and Costs of a $1,500 Loan
Repayment terms for a $1,500 loan typically range from 2 to 24 months, with APRs varying based on your credit score. Borrowers with good credit may qualify for rates between 8% and 12%, while those with lower scores often face rates from 24% to 36%. To illustrate, here are a few example calculations:
| Term | APR | Monthly Payment | Total Paid Over Term |
|---|---|---|---|
| 6 months | 5.99% | $254.39 | $1,526.31 |
| 12 months | 15.99% | $136.09 | $1,633.07 |
| 24 months | 35.99% | $88.56 | $2,125.52 |
You can also estimate your monthly repayment with our calculator.
How to Know if a $1,500 Loan Is Right for You
With many options available both online and in person, consider the following factors to determine if this loan is the best fit for your needs:
The Nature of Your Expense
Determine the exact expense you need to cover. A $1,500 loan is best suited for a single urgent need, such as a broken car transmission, overdue rent, or an unexpected medical bill. The loan is deposited into your account as a single lump sum, allowing you to resolve the issue before late fees accrue or services are disrupted.
The Cost of Borrowing
Consider all costs before signing the agreement. With a 1F Cash Advance, a 12-month loan at 15.99% APR means you’ll repay approximately $1,633 in total. If you extend the loan to 24 months at 35.99% APR, the total repayment rises to roughly $2,126. A longer term combined with a higher APR can significantly increase the overall cost of the loan.
Monthly Payments
With 1F Cash Advance, you repay the loan in equal monthly installments. Terms range from 2 to 24 months, giving you the flexibility to choose the option that best fits your financial situation. For example, a 12-month loan at 15.99% APR costs about $136 per month, while a 6-month loan at 5.99% APR costs around $254 per month. Be sure to include the payment in your budget and confirm you’ll still have enough funds for everyday living expenses.
Annual Percentage Rate
The Annual Percentage Rate represents the yearly cost of a loan, incorporating both interest and mandatory fees into a single standardized figure. For personal loans, APRs typically range from 6% to 36%. Borrowers with poor credit may be subject to rates on the higher end of this spectrum.
Credit Impact
At 1F Cash Advance, we perform a soft credit check, which does not impact your credit score. Our primary focus is your ability to repay the loan. However, a poor credit history may result in significantly higher interest rates. If time permits and alternative options are available, prioritize improving your credit score in order to qualify for lower-interest loans in the future.
Top Loan Do’s and Don’ts
- Do compare offers and APRs. Even a few percentage points difference can save money.
- Do borrow only what you need, not the maximum.
- Do make payments on time to avoid late fees and save interest.
- Do read the full loan agreement. Check for origination fees, prepayment rules, and the number of payments.
- Don't ignore the APR. A 'low monthly payment' over a long term may still result in higher overall interest costs.
- Don't take out multiple short-term loans at once; it's better to consolidate them into a single, manageable loan.
- Don't sign up if you can't keep up with the payments. Defaulting can damage your credit and lead to debt collection efforts.
Why Choose 1F Cash Advance
Streamlined Process
A mobile form, instant decisions, and same-day deposits reduce delays and keep paperwork off your desk.
Transparent Pricing
Every fee appears before you accept. No hidden add-ons, no surprise “processing” charges, and clear due dates.
Local Compliance
We follow DFPI regulations and shield every application with 256-bit SSL encryption.
Alternative Options for $1,500 Loans
There are a few more options to get $1,500 quickly and safely:
Student Loan
If you are in college or about to start, you can use a federal student loan to cover a $1,500 school-related expense. The current fixed rate for undergraduates is 6.39 %. Private student loans range from 3.45% to 17.99%. Many private lenders offer a 0.25% interest rate reduction if you set up automatic payments. The funds are sent directly to your college, not to you, and repayment begins six months after graduation.
Small Business Loan
If you run a small business and need $1,500 for inventory or day-to-day expenses, you could consider a micro-SBA 7(a) loan or a short-term loan from your bank. Banks currently charge interest rates ranging from 6.5% to 11.7%, while SBA microloans carry rates between 8% and 13%. The funds are deposited into your business checking account, and you can repay the loan over a period of six months to six years.
Credit Card Cash Advance
Most major credit cards allow cash withdrawals up to your available cash advance limit–often enough to cover around $1,500. Expect an immediate fee of 3% to 5%, along with a higher interest rate averaging approximately 24% APR. If you repay the balance within one billing cycle, the advance may cost less overall.
Payday Alternative Loan
Federal credit unions offer PALs of $200 to $2,000, which can serve as a substitute for a $1,500 emergency fund. By rule, PAL interest tops out at 28% APR; application fees may not exceed $20, and borrowers are limited to taking only three PALs within six months. Terms range from one to twelve months, with fully amortizing payments and no rollovers.
Knowing Your Rights as a Borrower
You have legal protections when borrowing money, and you should know your rights:
- Truth in Lending Act (TILA). Federal law requires lenders to disclose your APR, finance charge, total payments, and fees before you sign the agreement.
- Consumer Financial Protection Bureau. The CFPB enforces lending laws and protects consumers. Its website offers guides on small loans, APR limits, and fair lending rights.
- State laws and caps. Many states limit the maximum APRs and fees that can be charged. Over 40 states have adopted caps of around 36% for small loans.
- Military Lending Act. If you’re an active-duty military member or a dependent, federal law caps the APR at 36% on most consumer loans.
- Fair credit and anti-discrimination. Lenders are prohibited from discriminating based on race, religion, age, or gender. They must evaluate all applicants equally.
- Repayment rights. If you’re struggling, some states and lenders offer hardship or extended payment plans for payday loans. You have the right to request alternative options.
FAQ
Can I qualify for a $1,500 loan with bad credit?
Yes. 1F Cash Advance prioritizes income and payment history first, so you can qualify even if your credit score is poor. However, expect a higher APR if your credit is bad.
Can I get a $1,500 loan now with no job?
Steady income is required. If you don’t have a traditional job, you might still qualify for a loan with alternative sources of income. It helps if you can prove it with bank statements or pay stubs.
Will applying hurt my credit?
No, there is no hard credit check, which does not impact your credit score. The primary goal is to ensure you're able to repay the loan.
How long do I have to repay the loan?
Repayment periods vary by state. In most cases, $1,500 loans come with terms ranging from 2 to 24 months. The loan agreement you sign will specify your exact repayment schedule.
Can I receive the money today?
You'll receive your funds within 24 hours after instant approval. Loans submitted before the cutoff time (10 am local time) can be received on the same day. You'll get a direct deposit notice once the money is sent.
*Approval is guaranteed only if the borrower meets all lender eligibility requirements, which may include credit, income, and identity verification. Meeting these criteria does not guarantee approval from all lenders.