With Pheabs, you have a number of options if you need money now and we have a number of options with good credit, bad credit, secured or unsecured loans.

Bad Credit Loans — If you have a credit score under 500, we have a number of options for you. This may be an unsecured loan at an APR of 200% to 400% or you may have to use collateral to get the loan you need.

Installment Loans — This helps you get back on your feet by repaying over 3,6, 12 or 60 months in equal monthly payments.

Payday Loans — Perfect for emergencies, receive your money upfront and repay in full on your next payday from work.

Title Loans — Borrow money that is secured against your car. Receive funds in 24 hours, but your vehicle is at risk if you do not repay on time.

Cash Advances — Get an advance on your wages from work, with the option to repay over 1 to 3 months, or longer.

Instant DecisionYes
Loan Duration30 days to 5 years
Rates8% to 200% APR
Bad Credit AcceptedYes
Same Day FundingYes
Secured or UnsecuredBoth

Step 1

Click on ‘Get Started’ and complete our online form in less than 5 minutes. Enter some basic details about yourself and how much you wish to borrow and how long for.

Step 2 – Apply Online

We will connect you with more than 50 direct lenders across the US and Canada and you will receive an instant decision and competitive loan offer on the screen. If you proceed, you will receive an electronic loan agreement to sign with clear terms.

Step 3 – Receive Funds

Your application will undergo further credit and affordability checks and maybe a quick phone call to confirm your details. Once approved, your loan is funded in 1 hour, 24 hours or the next day!

Repayments on a $1500 loan are taken on a set date each month — the date agreed upon by both the borrower and the lender. Many choose dates that are after they have been paid from their job.

The monthly repayments are taken in equal amounts, collected from the borrower’s checking account.

For example: A $1500 loan at 200% APR

Month 1: $675.20

Month 2: $675.20

Month 3: $675.20

Borrowers may also have the option to repay the loan early. If you want to make an early repayment, it’s important to discuss this with the lender, and find out about the terms that apply when wanting to pay this back earlier than initially planned.

How Much Does It Cost To Borrow $1500 Dollars With Pheabs?

Good credit: Borrow $1500 over 3 years, total interest paid $142.68, total $1,642.68, based on APR of 6%

Fair credit: $1500 loan repaid over 3 years, total interest paid $507.00, total $2007.00, based on APR of 20%

Bad Credit: Borrow $1500 repaid over 3 months, total interest paid $525.60, total $2025.60, based on APR of 200%

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f you are looking for a $1500 dollar loan today, Pheabs works with over 50 lenders across the US and Canada, helping to match your loan enquiry with the lender with the highest approval and best rates for your circumstances. This includes the most popular customer areas such as people looking for loans in California, Texas, Florida, Ohio and Illinois.

You have the option to apply from anywhere in the US or Canada and we will connect you with the best lender in your state or a national loan provider too, including credit card provider, personal loan company or payday lender.

borrow 1500 loans

What Is the Eligibility Criteria to Borrow $1500?

When borrowing a $1500 loan with one of our lenders, the following eligibility criteria may apply:

  • Must be 18 years old or over
  • Must be in stable employment with a regular income
  • Must be a U.S. resident
  • Must have a live checking account
  • Must be able to afford repayments

In the past, those with bad credit may have struggled to meet the eligibility criteria for loans with lenders. However, with Pheabs, our trusted panel of lenders consider all types of credit history — including those with a bad credit rating.

Keeping up with repayments on a $1500 loan can in fact also help borrowers to improve their credit rating, helping to build up a healthy past relationship with borrowing. However, it’s also important to note that if you fail to keep up with repayments, this can instead damage your credit score. It’s vital to only take out a $1500 loan if you know you can afford the repayments on this, and intend on doing so.

Yes, there are options available for people looking to borrow $1500 with bad credit histories. Our lenders are always willing to review different credit backgrounds and being employed and with a stable income means that your loan application will always be considered.

In some cases, you may be offered a loan with repayment spread out over a longer period of time, such as 12, 36 or 48 months, giving you the opportunity to get your credit on track and your finances back on their feet. Depending on how poor your credit is, there are also other options available in the form of secured loans, whether it is title loans or home loans, which allow you to leverage collateral to borrow the money you need.

Can I Get a Loan With No Credit Checks?

With an unsecured loan, there are usually credit checks involved since this gives the lender a good indication of your financial position i.e how many loans you have open and how well you have paid previous credit cards and debts. Therefore, if you are looking for a loan with no credit checks, there are very few loans out there that meet this criteria.

However, at Pheabs, we work with such a wide range of lenders and products and we will always be able to present a viable loan option for you. If you think a no credit check loan is for you, you may find that a title loan which is secured against your car is a better fit, because your credit score is less vital here. Other products we may recommend include apps and credit unions which might take a view on no credit.

Pheabs can help you find the best $1500 loans from our trusted panel of lenders to meet your borrowing needs. We understand how tricky it can be to find a loan best suited to your wants and requirements — that’s why we’ve made it quick and simple to find the loans right for you and your circumstances.

We are pleased to offer one of the fastest and most efficient ways to get a loan and borrow money online — using our technology-driven processes to help our happy customers.

For those looking to apply, it’s completely free to use our services. At Pheabs, we don’t have any hidden costs, and you’ll be able to submit our loan request form free of charge. We make commission with the lenders we’ve partnered with if your loan request turns out to be successful.

How Much Does It Cost To Submit an Enquiry With Pheabs?

Submitting a loan request form with Pheabs is completely free. We do not charge any fees for making a loan enquiry through our online form. We do however, earn commission from lenders when loan submissions are successful.

Will Making a Loan Application Impact My Credit Score?

No, submitting a loans request through Pheabs will not impact your credit score. You credit score can be affected from how you manage repayments if your loan request is successful. If you fail to keep up with repayments on a loan, your credit score could be damaged, and you may also accrue late fees. However, if you manage to keep up with your repayments, you can actually help to improve your credit score, which can boost your eligibility for certain types of borrowing in the future.

What Happens if I Miss a Repayment?

If you fail to make a repayment on the scheduled monthly date for it, you could be charged a late fee for this. If you miss repayments, this could also damage your credit score, therefore, it’s always important to ensure you can afford any loan you take out, and speak to the lender if you are concerned about making repayments.

If you voice your concerns with the lender, you may be able to arrange a manageable alternative if you are going to miss the scheduled repayment.

How Long Does It Take To Make a Loan Application?

Our online loan request form takes a matter of minutes to complete. Once you’ve submitted your information, you’ll then receive an instant decision on the screen. If approved, loans could be sent through to your account within 24 hours.

Is Pheabs a Direct Lender?

No, we are not a direct lender, but a broker, introducer or loans connection service. We will match your application with the lender who is most likely to approve you — and by doing so, we have helped thousands of people who may have otherwise not been able to get the loan they need.. There are no fees for using our service, we only take a small fee from the lender if your application is successful.