Check your Approval Odds for a $1,700 loan

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Where to get a $1,700 loan

Updated:

2 min read
This date may not reflect recent changes in individual terms.

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A $1,700 loan can help you consolidate debt, fund a home improvement project or finance a major purchase.

The right personal loan can offer competitive rates, minimal fees and a reasonable timeline for repayment. But not all personal loans feature great terms, and it can be hard to find the lender that’s the right fit for your needs.

We’ve picked out some of the best lenders that offer $1,700 loans and put together some tips to help guide you through the process of applying.

Monthly payments for a $1,700 personal loan

Loan durationAverage monthly
payments ($1,700 loan)
Poor creditAverage creditGood creditExcellent credit
1–12 months$178.68$166.24$154.55$151.29
13–24 months$153.22$139.75$124.07$96.73
25–36 months$83.05$74.93$70.37$64.86
37–48 months$81.14$74.30$56.62$48.00

Average monthly loan payments are based on aggregate TransUnion credit report data from Credit Karma members with active personal loans as of December 2022


The best $1,700 personal loans

Upgrade

Upgrade offers some flexible loan terms and amounts, and you’ll have the option to prequalify. The lender doesn’t charge prepayment penalties (which is good if you pay your loan off early), but it does charge an origination fee that will add to your costs.

Alliant Credit Union

Alliant Credit Union might be a solid choice if you’d like a personal loan with flexible repayment terms and the potential for a same-day loan. (Depending on your bank, there may be a wait before you can access your cash.) But you must meet certain membership criteria to join this credit union and apply for a loan.

OneMain Financial

OneMain offers flexible repayment terms, and you can use its loan and payment calculator to estimate your potential monthly payments. There are lots of fees with this lender though, including origination fees, late payment fees, nonsufficient funds fees and governmental fees. OneMain’s starting interest rates are relatively high compared to traditional lenders — you may find a better deal elsewhere if you’ve got good credit.

OppLoans

OppLoans may be on your radar if you need fast cash and can’t wait until your next paycheck. Depending on when you apply, you could get your money by the same business day. But its maximum borrowing limit is low, and you’ll likely have to settle for an extremely high interest rate. It’s also worth noting that OppLoans has a poor track record with government regulators, so be sure you understand your terms with this lender before signing on the dotted line.

PNC Bank

A PNC Bank personal loan might be worthwhile if you need a personal loan and have good credit or can apply with a co-applicant with a solid credit history. But it’s not available in every state, and you’ll need to borrow a larger sum of money to lock in the lowest rate.

How to get a $1,700 loan

Applying for a $1,700 loan can take some work, but it’s worth the effort if you can save money by consolidating debt at a lower rate or finance a necessary purchase.

Start by collecting basic information about your finances, such as …

  • W2s
  • Recent paystubs
  • Identification/Social Security number/driver’s license
  • Desired loan amount
  • Monthly expenses, such as housing costs and debt
  • Information about any collateral you want to use 

From there, it’s a good idea to apply for prequalification. This lets you preview your potential rate without a hard credit inquiry. It will also give you a good idea of which lender may be the best fit for you.

Once you decide to move forward and officially apply though, the lender will likely perform a hard credit inquiry that can have a temporary effect on your credit scores. 

If you apply for a personal loan, you may be able to access money within a few days.

FAQs about $1,700 loans

Can I get an instant loan online?

Some lenders offer same-day loans that provide funding within hours of approval. But same-day funding is not guaranteed, and even the fastest loans can take hours to transfer the funds to your account. The exact timing will depend on your bank.

How hard is it to get a $1,700 loan?

$1,700 loans may be available to borrowers with different kinds of credit histories, but each lender will have its own requirements for approval. It’s worth keeping in mind that the best loan terms usually go only to people with excellent credit. If a lender advertises rates starting in the single digits, try to find out their full range of available rates and fees to get a better sense of their offerings.

Can you get a $1,700 loan with no credit?

$1,700 loans may be available to people with no credit or bad credit, these options likely will come with higher interest rates, fees, or even the need to provide collateral to get approved. If you don’t have a strong credit history, lenders might consider you a risk and structure your loan terms with that in mind. It’s a good idea to apply to prequalify with various lenders so you can shop around and compare potential offers without a hard credit inquiry that can temporarily hurt your credit scores.