- In many states, $1,000 is above the payday loan limit, so lenders offer installment loans instead.
- A single-payment $1,000 loan at $15 per $100 would cost $150 for two weeks.
- A credit union PAL can lend up to $2,000 at no more than 28% APR.
Why $1,000 payday loans are less common
States that allow payday lending usually cap single loans, often somewhere between $300 and $1,000. Where $1,000 is allowed, or where lenders use installment loan laws, you can borrow $1,000 but will typically repay over several months.
$1,000 options compared
| Option | Repayment | Approximate cost |
|---|---|---|
| Single-payment payday loan (where allowed) | One payment in 2–4 weeks | $150 per 2 weeks at $15/$100 |
| Installment loan, 160% APR, 6 months | 6 monthly payments | About $500 interest |
| Credit union PAL II, 28% APR, 6 months | 6 monthly payments | About $83 interest + up to $20 fee |
| Credit card cash advance | Flexible | Fee + higher APR from day one |
Approximate figures for illustration; your lender’s disclosure shows exact costs.
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Getting $1,000 the same day
Storefront lenders can sometimes pay the same day. Online lenders usually fund by the next business day; applying early on a weekday with your documents ready gives the best chance of same-day funding. See emergency same-day loans.
Approval for larger amounts
Lenders look harder at income for $1,000 than for $200. Expect to show pay stubs or bank statements, and expect a lower first offer if you are a new customer.
Amounts, fees and terms depend on your state. Some states ban payday loans or cap rates at 36%, so lenders do not offer them there. See payday loan laws by state.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Can I get a $1,000 payday loan?
In some states, yes. In many others, $1,000 exceeds the payday limit, so lenders offer installment loans repaid over months instead.
How much does a $1,000 loan cost?
It depends on the type: about $150 for two weeks at a payday rate of $15 per $100, or hundreds of dollars over several months for a high-APR installment loan. A credit union PAL costs far less.
Can I get $1,000 the same day?
Sometimes, from a storefront lender or an online lender that funds same day. Most online loans arrive the next business day.