7 Best Lenders for Bad Credit $1,500 Loans

Written By: Eric Williams
Reviewed by: Mike Reyes
Last Updated May 2, 2023

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If you have bad credit, getting a $1,500 loan can be a challenge, especially when you need the money fast to cover an emergency. 

In this article, we’ll introduce you to the 7 best lenders who are willing to work with borrowers with bad credit. From online lenders to brick-and-mortar stores, we’ve scoured the market to find the top lenders that offer $1,500 loans for bad credit. 

Stick around as we stroll you through all the options you have available.

How We Chose the Best Lenders

The “ideal lender” is a lender that offers a generous credit line or limit at the lowest APR (annual percentage rate) and little to no fees.

However, keep in mind that borrowers with bad credit are usually charged higher interest rates compared to borrowers with good credit. With that said, “the lowest APR” is relative to the APRs charged by subprime lenders. 

Additionally, we were skeptical and wary of lenders that had ridiculously huge loan amounts at nearly zero fees and/or interest rates. To discern whether a lender could be regarded as reliable, we did our due diligence and explored review platforms like Trustpilot and Google Business to see how they fared with customers.

Top 7 Lenders for $1,500 Loans for Bad Credit

Before moving on with our top 7 list, please remember that we are not your financial advisors. Don’t just take our word and seal a deal with the first lender we showcase here. When it comes to money decisions, doing your own research is vital.

Without much ado, let’s dive right into our seven picks for $1,500 loans (in no specific order)!


CashNetUSA enjoys an excellent rating on Trustpilot, so it can be safely deemed a dependable funding source. It’s perfect for when you’re met with a surprise bill and have a low FICO score. Depending on where you reside, you can get up to $2,500, repayable in up to 12 months, at APRs ranging from 222% to 600%.

Ace Cash Express

With Ace Cash, you can apply for installment loans of up to $2,000 if you live in Delaware, Missouri, or Texas (up to $1,000 if you’re in Florida) at variable rates of up to 35.99%. They send money via direct deposit or directly to your debit card. You even have the option to receive cash if you fulfill the eligibility criteria. Also, there are no application fees!


OppLoans is yet another excellent funding venue, providing $1,500 installment loans directly in Georgia and Nevada and through various lending partners in over 33 states. Among other benefits, OppLoans charges no origination or application fees. Interest rates can vary depending on the lending partner you’re matched with.

Sound Financial

Sound Financial prides itself on its personalized service and “instant decisions,” with users getting their funds deposited in roughly 90 minutes under the right circumstances. A $1,500 loan comes at 175% to 300% interest, depending on the product and lender you’re matched with. The bonus here is that they also pride themselves on being fully transparent – a somewhat refreshing and much-needed attribute in the subprime space.


Upgrade is a Trustpilot-verified company with excellent reviews on the platform. They can set you up with highly affordable loans of up to 35.99% APR for anything you need: Debt consolidation, home improvement, major purchases, and more. 


Upstart is among the best creditors for people with no credit history, albeit it generally only services people with a score of over 300. With Upstart, you can get a loan with terms up to 5 years, and you may borrow up to a staggering $50,000. So, getting a $1,500 loan should be no problem.

OneMain Financial

OneMain Financial is a reputable provider with excellent ratings. It offers loan amounts of up to $20,000 and even same-day funding (if you gather the proper documentation). In addition, it has no early payoff fees.

How to Apply for a $1,500 Loan with Bad Credit

To apply for a $1,500 loan with most online lenders, you must first prove you are a U.S. citizen or resident and hold a bank account in the U.S.

Companies such as Upstart require customers to upload financial documents such as bank statements to ascertain if they earn more than they lose monthly and whether their net income is enough to make their installment payments.

The application process is typically the same for each of the lenders mentioned here. You’ll be prompted to fill out a form or questionnaire with your personal and financial information and attach proof of income and residency. Afterward, the service will show either the terms and conditions of the loan agreement (APR, fees, and repayment deadline, among others) or a list of lenders with their respective T&Cs.

Once you accept said terms and the application is approved, the money will be transferred over to the bank account of your choice, which should be available on the next business day or even before, depending on the payment method utilized. Some creditors give users the option for debit card funding or even cash pick-ups (such as Ace Cash Express, as related earlier).


We could summarize the main points of this article as follows:

  • Bad credit will not bar you from obtaining a $1500 dollar loan, though you may have to bear some additional burdens down the road.
  • In our estimation, the best lenders in the trade are CashNetUSA, Ace Cash Express, OppLoans, Sound Financial, Upgrade, Upstart, and OneMain Financial.
  • The procedure for obtaining a loan is similar across the lending companies, except for some slight variations.

It bears stressing that you must do your own research and manage your risks accordingly when choosing your lender. Pick the one that fits your specific profile and needs the most.

Lastly, it’s worth mentioning that you can always look for other means to obtain a $1,500 loan, including a credit union, family member, or secured route with a traditional financial institution. Improving your credit score could grant you access to much better offers, although this is admittedly not the easiest or most immediate solution.

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