Apply Installment Loans Online

Installment Loans Online Up To $5000

When you need emergency funds and can't borrow money from a bank it's a good idea to apply for online loans from direct lenders. Online installment loans are one of the most convenient options due to lower interest rates and flexible terms. Applying takes a few minutes and once approved, you have a good chance to get the money on the same business day.

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Top Rated Installment Loan companies

MoneyForHoliday

$2,500MAX Loan Amount

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$5000MAX Loan Amount

250%Minimum APR

None, UnsecuredCollateral

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What are online installment loans?

Online installment loans are one of the most affordable loan types to get emergency money. They perfectly suit you if you need cash for a home renovation, a wedding, a car repair, any other urgent bills. Nowadays, you can easily get an installment loan online or in a store nearby with a simple application form. Typically, it takes only a few minutes for a lender to process your loan request and approve it even if you have bad credit.

Installment loan definition

A personal installment loan is cash advance which you borrow as a set amount of money from a direct lender, and repay it with interest in fixed payments called installments, most customers prefer online installment loans rather than short term cash advance, credit cards or loans from a bank due to their high availability even for poor credit and absence of hard credit checks.

Installment loans payments are usually monthly, weekly, bi-weekly, or according to any other schedule convenient for you. Interest rates are lower than for payday loans or cash advance. So, getting an online installment loan with flexible terms over a few months can make them more affordable.

How installment loans work

Installment loans let you borrow up to $5000 and pay it back in installments over the term of a few months or even years. They can be also called personal installment loans and work the same way as personal loans:

You apply for an installment loan online or in a store with a simple application form
If you qualify, the lender provides a guaranteed instant approval for the necessary loan amount
And you get the money deposited into your banking account within 1 - 2 business days

What can i use an installment loan for?

One of the benefits of an installment loan is any purpose of usage. Direct lenders don't restrict the way you're going to use an installment loan. You buy something, play urgent bills, use it for debt consolidation, car repair, home redecoration, etc.

Just to make sure that's your reason is really borrowing an installment loan paying extra interest for it.

Can i get an Installment loan with bad credit?

You surely can get online installment loans even with a poor credit score. But you should be careful and compare all the options before choosing a bad credit installment loan. Many lenders can offer guaranteed installment loans for bad credit, but charge too high interest rates for their product.

Check the rates and pre-qualify online before making a decision. It will help you to save your time and money, and eventually find the best loan solution.

What to consider applying for Installment loans online

Choosing an installment loan for emergency financing, make sure you take into account the following factors:
Competitive interest rates and affordable monthly payments
Soft or hard credit check done by direct lender
Lender’s requirements which should include no collateral, no hard credit check, no faxing, no penalty fees, etc.
The duration of a loan
Legal status of a lender
No minimum credit score requirement

We charge no early pre-payment penalties, no hidden fees, no additional finance charges. Bad credit is ok. Applying is easy and financing is really fast.

Installment loans Pros and Cons

Making any life decision, wish you would consider all the pros and cons. Speaking about online installment loans, it's necessary to mention that they have more advantages then drawbacks. Among the most important benefits of bad credit installment loans are:

They are a good way to raise your credit score
You get the money fast for any emergency
You can apply 24/7 online with a quick and easy loan request
Direct lenders guarantee approval even for bad credit borrowers
Most lenders don't do hard credit checks
No collateral is required
You repay the loan with flexible monthly installments
Interest rates are lower than for other types of cash advance
Longer terms provide you with at convenient affordable loan repayment
It's safe and secure to apply for installment loans online
You can get your cash same business day

Ready to make a decision? Start your installment loan application now to get the money within 24 hours.

Frequently asked questions

What is an Installment Loan?

An Installment Loan is a long term personal loan that gives you the opportunity to get the money you need. Approval on the day of application is guaranteed. The loan repayment period varies from 2 to 24 months depending on the state of residence. You can apply for an Installment Loan both online and offline.

What is an Installment loans eligibility criteria?

In order to apply and be approved, you need to meet certain criteria. The main ones are:

Recent proof of income
Government issued ID
Active bank account
Social security number
Email and contact phone number

What are the repayment terms for the Installment Loan?

Since the Installment Loan is long term, the repayment terms may also vary. Usually, it ranges from 12 months to 2 years. The loan repayment period depends on the lender, the loan amount and the state of residence.

Can I repay the Installment Loan in advance?

Yes, most installment lenders provide an opportunity to repay the loan in advance without commissions and fines. Thus, if you want to reduce your interest on the installment loan, repay the loan earlier.

Can I be approved for an Installment Loan with bad credit?

Yes, you can get an Installment Loan even with a bad credit history, but you will have to pay a lot of interest on your loan. Thus, the direct lender receives additional guarantees of your reliability.