Credit 1500 USD: Small credit at the best rate
Do you need a 1500 USD loan? Do not rush because the rates can be very different from one lender to another. We have analyzed the different possibilities of obtaining a loan of 1500 USD at the best rate.
Credit 1500 USD: where to find this cheap little credit?
A 1500 USD credit rather falls into the category of small credit. Indeed, on average in France the most requested credit is a credit 10,000 USD. For a small loan of 1,500 USD, the credit organizations do not fight.
While they will receive less money than for a 10,000 USD loan, they invest just as much in advertising. The margin is therefore much smaller. This is the reason why, the rates are less attractive for a credit 1000 USD to 2000 USD than for a conventional loan higher than 5000 $. Credit organizations therefore prefer to focus on a 1500 USD credit offer integrated into a revolving credit solution.
Best loan offer 1500 USD
As we have just seen, it is impossible to find a good offer (often just an offer) of 1500 USD credit in the form of repayable credit. The offers that exist are revolving credit offers without proof of use. And on the subject, some offers really stand out. Here for information the best revolving credit organizations, namely those generally offering the best rates and / or accepting the most easily the files.
Thanks to our credit comparison tool, you will find the ranking of the best 1500 USD credit offers. In addition, you will benefit from an evaluation of your file without obligation. This will give you an orientation on the possibilities of obtaining real credit.
What about store credit?
Obviously, you can think of store credit for your 1500 USD credit. Why not, especially since some offers can be really attractive. However, it is important to know a few things:
- Store credit cards are linked to revolving credit
- The revolving credit rate is generally between 15% and 20%
- Special operations are only valid in store
If your need is very specific and you can buy everything in one place, you can find out on the store card and find out if there is a credit promotion. If this is not the case and you need money for several reasons, it will not be possible to benefit from credit promotions.
Indeed, even multi-brand cards such as the Aurore card or store cards in bank card version almost never offer credit promotion outside the store that opened the card. To conclude, take a store loan to get the best offer of 1500 USD credit, it is possible but there are conditions. It is especially not possible to get money on your account, unlike applying for credit online.
Credit 1500 $ or bank overdraft?
Banks are reluctant to grant small loans, but why? There are two main reasons:
- They make more money by leaving their customers uncovered
- The cost of management and time is not worth the effort, since the interest is minor on such a small amount
Bank overdraft is very expensive for customers. It also generates additional costs at certain banks, which can increase the bill. It is better to favor a real 1500 USD loan than to remain overdrawn and to increase your overdraft limit.
Conditions for a 1500 USD loan
The conditions for obtaining your 1500 USD credit remain the same as for a larger amount of credit. The following supporting documents must therefore be provided:
- Proof of identity
- Proof of address
- Proof of income (salary slip at least, sometimes the tax notice)
- Bank proof (RIB)
Finally, just because the 1500 USD loan is a small loan does not mean that organizations will be much more flexible. The acceptance criteria are undoubtedly lightened, but one cannot imagine being able to obtain it without a stable financial situation.