$1,000 loan

When a $1,000 loan makes sense

$1,000 is a bigger commitment: major car work, a dental bill, first month's rent. First-time borrowers are often approved for less than they request, so have a plan for a smaller figure.

A short-term loan fits a one-time cost you can repay from the next few paychecks. It is a poor fit for a bill that comes back every month.

What $1,000 can cost

Cost depends on the APR and how long you take to repay. The table uses example APRs. Eagle Advance does not publish its range and shows your rate in the loan agreement.

Try your own numbers in the payment calculator.

Getting $1,000 from Eagle Advance

Eagle Advance lends $100 to $1,500, so $1,000 is inside Eagle Advance's $100 to $1,500 range. The lender decides the approved amount from your application. You need 90 days of steady income, a checking account in your name, and to be 18 or older and a U.S. citizen or permanent resident. Approved before 4:00 p.m. PST on a weekday, funding is typically the next business day.

Options to check first

A PAL I loan from a federal credit union goes up to $1,000 and a PAL II up to $2,000, both at no more than 28% APR. Personal loans from online lenders also start around this size for fair credit.

A simple repayment plan

1. Write down the total of payments from the agreement, not just the payment size.
2. Divide $1,000 by the paychecks you have before the last due date, and see whether your budget holds.
3. Put any extra toward principal early. Eagle Advance asks for 2 business days' notice for extra payments.
4. Do not borrow again to cover a payment.