It’s hard to account for all the possible expenses that arise, so getting emergency funds online may be lifesaving. ASAP Finance offers quick and easy solutions to your urgent financial issues. With us, you can get money the same day even with a bad credit score. From payday loans to a $1,400 loan with monthly payments, we can help you find a small personal loan that suits your situation.
Reasons for a $1,400 Loan
Here are some common situations where a $1,400 loan through ASAP Finance can save the day:
- Healthcare. A small personal loan is a good way to pay for urgent treatment that can't be covered by your insurance or savings.
- Car Repairs. A $1,400 loan can cover minor car repairs and get your vehicle back on the road.
- Home Repairs. A loan with ASAP Finance can help you cover some home repairs that need to be done quickly.
- Emergency Trip. Last-minute trips outside of your state or even country can be expensive but can be financed through a $1,400 loan.
- Appliance Purchase. You can count on urgent financial assistance from ASAP Finance if you need to replace important appliances like a refrigerator or AC.
How to Get a $1,400 Personal Loan
A $1,400 personal loan via ASAP Finance offers a simple way to get quick cash. Everything can be done online so the process is not only easy but also extremely convenient. Here's how to apply and what to expect afterwards:
Loan Request. Fill out an application form on the website with your personal information, such as your name, DOB, bank account details and contact information.
Decision. It will only take a couple of minutes to get a response. If you're approved, carefully review the terms and conditions and confirm the loan.
Funding. You will receive a direct bank transfer within 1 business day.You may also get the funds on the same day if you apply before 10:30 AM on a working day.
Payments. You need to make your payments on time according to your agreement. Ensure there are sufficient funds in your bank account on the due date since you will be charged automatically.
Eligibility Criteria for a Loan with ASAP Finance
Before you apply, ensure you meet the basic eligibility criteria. Every applicant should:
- Be at least 18 years old.
- Have a valid government-issued ID.
- Be a citizen of the US or hold a permanent resident status.
- Have an active bank account.
- Have a stable monthly income of at least $1,000.
Keep in mind that these requirements might vary depending on your location. For example, some states require you to have no outstanding debt to qualify for a small personal loan.
$1,400 Loan: Interest Rates and Monthly Payments
Here are some examples to help you better understand what your $1,400 loan cost might be with ASAP Finance:
| Amount | Period (months) | Interest | Monthly Payments | Total Due |
| $1,400 | 2 | 16% | $714.03 | $1,428.06 |
| $1,400 | 6 | 19% | $246.43 | $1,478.60 |
| $1,400 | 16 | 36% | $111.46 | $1,783.28 |
Keep in mind that these are just examples and your actual terms might be different.
Understanding The Loan Cost
Your exact loan cost mostly depends on your credit score, state, salary and debt-to-income ratio. A higher FICO rating and income typically means you can get a bigger amount with a lower rate.
However, the interest is not the only thing that affects your total loan cost. A longer repayment period means you'll pay more in total although your monthly payments will be lower.
How to Get Approved for a $1,400 Loan with Bad Credit
The best way to improve your chances of approval with bad credit is to show that you have a high income. This is not limited to pay stubs. If you receive money regularly from self-employment, investments, or rent, be sure to mention it on the application form.
Besides that, you could look into secured loan options since they typically have lower credit score requirements. Having a co-signer with a good rating can also help get approved since both of your credit reports will be reviewed when you apply.
Alternatives to Small Personal Loans
If you think a small loan will not work for you but still need emergency cash, consider the following alternatives:
- Friends and Family. Borrowing from someone you know typically means you can get flexible repayment terms and no interest.
- Selling Unneeded Things. Look through your possessions and post whatever you no longer need on online marketplaces like eBay and Craigslist.
- Pawn Shops. As a last resort, you could get a pawn shop loan by using your valuable asset as collateral. Be careful, as you risk losing your item if you don't repay the loan.
FAQ
01
Does getting a small personal loan hurt your credit?
A small personal loan does not hurt your credit score unless you miss your payments.
02
What credit score is needed for a $1,400 loan?
There is no minimum score needed for a $1,400 loan through ASAP Finance. You only need to have a stable monthly income to qualify.
03
How fast can you get an emergency loan?
You can get approved in under an hour and receive your funds within 1 business day. Same day funding may be possible if you get approved before 10 AM on weekdays.
04
Where to borrow $1,400 quickly?
You can get a $1,400 loan from a bank, credit union, or an online lender. Loans offered online can be obtained within 1 business day, making them almost ideal for emergency money needs.
05
Can you get a $1,400 loan with no credit?
We do not perform hard credit checks so your score or lack thereof do not matter.
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