Installment loans are ideal for individuals who need quick cash in the amounts from $1,000 to $5,000 on average. If you are one of them, you probably have a few questions and aren’t sure where to apply for the loan. Before going any further, it is best advised for you to learn the following information about getting an installment loan in the US, and compare the top lenders near you or online for the best deal. In case you need a smaller amount apply for a short-term Payday Loan. Funds up to $35,000 are available within Personal Loans.

Loans for ANY  NEEDS
APR from 4.99%

Contents:

What is an Installment Loan: amounts and terms?

Calculate the cost of Online Installment Loans. 

How to get up to $5,000 Installment Loan from direct lenders online. 

Installment Loans from direct lenders only or brokers.

Do direct lenders guarantee instant approval?

No credit check Installment Loans from direct lenders. 

Direct Lenders requirements. 

Personal Installment Loans for People with Bad Credit Score.

Unsecured Installment loans with no collateral or guarantor.

Compare rates and fees from the best direct lenders online. 

What is an Installment Loan: amounts and terms? 

An installment loan is simply any personal cash advance which you pay off by making installments, the same fixed payment every single month, during a certain time.2 The set amount of time can vary for different types of installment loans. Usually it is 6 – 36 months, and you make the same payment every month, until it matures, and it matures at the last month. Just as the payment time depends on the type of loan, the amount will also depend on what kind of loan you’re getting. In most cases direct lenders offer a $1,000-$5,000 unsecured loan with convenient monthly payments (usually from 6-60 months), that is available for both good and bad credit history.

Read more:

You can use Installment Loans for any personal needs you have:

  • unexpected expenses
  • unusual cash flow
  • exceeding income
  • planned purchase.

The most frequent purposes of applying for quick funds are:

 

Calculate the cost of Online bad credit Installment Loans. 

Your loan is paid in fixed equal amounts every month. Thus the amount is amortized and includes a certain principal and interest rate that could be calculated and the costs spread over a period of months. This system adds some interest and principal into every monthly installment. By using our calculator you can know where each dollar goes towards interest and towards the monthly payment. The interest rate on the loan is chosen by the lender. Not only should you know about interest rates, but you must understand what APR is. Annual Percentage Rate (APR) includes not only the interest rate but also any additional fees, which is why it intends to be higher, and adds a new loan amount. By using the fixed interest rate percentage, calculations show a new monthly payment amount, which is then divided by the original loan amount and you finally discover the APR. Thus the APR shows the actual cost of funds over the loan term, which can be used to compare with other company’s rates (you can do this on our site).3

Check out a representative example of Installment Loan calculation:

Though it may seem rather high, it shouldn’t bother you much. The terms are not so long, and if you repay on time the total cost won’t ruin your budget. In case you want a small cash advance for a short period, a month for example, - apply for $100 - $1,000 Payday Loan which you’ll be de as soon as your next paycheck.

You should mind that lenders can set out an origination fee as a compensation for themselves, for laying out the loan for you. This is known as a commission-based payment It could be less then 1% of your loan. Please read the loan issuer’s conditions and rules before signing into any payment. You can easily calculate your monthly payments and APR in the following calculator.

How to get up to $5,000 Installment Loan from direct lenders online. 

In the US, up to 35% of people have Bad Credit ratings1. The good news is most direct lenders rely on your poor credit history and you can easily get approved for an installment loan up to $5000 with much lower APR. Just simply apply online on our site and get your funds as fast as the next day. Our instant approval online is guaranteed. We don’t only offer a quick way to apply for a loan, but also offer an array of top lenders near you and online.

Installment Loans from direct lenders only or brokers. 

Choosing an Installment Loan you can apply to a direct lender, a broker, an agent of a broker or an advertising referral service. What is the difference and which one is better? Brokers are agents who receive your information and pass it on to direct lenders which they think will guarantee and approve your loan. In most cases they charge a borrower a little fee. Or there’s also an opportunity to make your monthly payments to the lender via the broker. An additional application process may be included. Direct lenders are much easier to deal with. They can provide you with the best answers to any question you have defining what is best for you, while as brokers won’t always answer your questions. Talking with a direct lender saves your personal time. Whether you are choosing a broker or a direct lender, you should check out for the best loan terms and interest rates and conditions before applying.

Do direct lenders guarantee instant approval for Installment Loans? 

A lot of people are wondering why some companies don’t approve their loans. The thing is that direct lenders present installment loans with lower interest rates and a small amount of cash ($1,000-$5,000), therefore in some cases you can avoid hard credit check and other longtime paper work. That’s why you are most likely to be approved and the application procedure not to be delayed.

No credit check Installment Loans from direct lenders. 

When you qualify for an Installment Loan, it’s necessary both for you and the lender to evaluate how risky you are. 90% of lenders rely on the FICO (Fair Isaac Corporation) score.4 It’s based solely on your credit report and is determined by such factors as payment history, current level of indebtedness, types of credit used, length of credit history and new credit accounts. It ranges between 300 and 850. Direct lenders tend to offer higher approval rates than traditional lenders such as banks and credit unions. In some cases a soft credit check or even no credit check will be required. They’ll determine your creditworthiness checking your income, employment history, etc. And if they perform a hard inquiry, you’ll be informed of this beforehand.

What are the requirements to qualify for Installment Loans?

When it comes to the needed qualifications, a lot of people start doubting if they are eligible to apply. There are no impossible obligations that are needed to be met, they are simple and straightforward. To be qualified for a direct loan you must meet the following requirements:

  • Must be between the ages of 18 and 65 years old
  • Reside in the United States as a US citizen
  • Work in the US
  • Have a valid bank account under your personal name to repay the loan
  • Have a stable income (in some cases it could be $1000 + after taxes)

Personal Installment Loans for People with Bad Credit Score. 

If you are planning on getting an installment loan with bad credit – don’t worry, we have a solution for you! You can compare the top direct lenders online or find their in-store locations near you, that won’t rely their approval on your credit history.

You can get the necessary funds with no hassle, just apply online and we will provide you with the best lender. Besides, applying doesn’t affect your credit anyhow. Mostly the lender won’t bother on scanning your credit. You can apply for a loan with no credit or bad credit without having a credit check online, while most banks and other traditional lenders don’t approve people with bad credit.

Read more:

You can even use an Installment Loan as well as other Personal Loans in order to improve your credit history. 

Unsecured Installment loans with no collateral or guarantor.

Lets make it straight – a guarantor is a person or a firm that acts as a third party that guarantees that the first party’s (the principal) promises are met by the second party (client or lender) and makes sure that no defaults occur, meaning that the principal fails to fulfill the loan terms. On the other hand, a collateral is when a borrower pledges something to the lender as a way to somehow secure the loan, and if the client doesn’t fulfill the monthly payments (a default) – the lender seizes the collateral to recoup the losses.

Do our lenders require any guarantor or collateral? The answer is no.

The installment loans from $1,000 to $5,000 that our direct lenders offer are unsecured. Usually installment debts require collateral when loans are meant for homes, cars and so on. Our direct lenders don’t ask you for a guarantor either. Make sure you read the conditions and additional requirements before signing into any loans.

Compare rates and fees from the best direct lenders online. 

You know a few lenders in town or in state? A few people have told you where they got the best deals on loans online? Hold on a sec, don’t hurry. Let’s say that not all lenders may approve, and not all are that good in interest rates. And lets say that your friends have individual situations, and different purposes in getting loans. The good news is that you have come to the right place. Why? We will make your situation ideal for you. Get only up-to-date information and reliable reviews from our happy customers, and find the best rates from only 5,99% and up to a 3 year term offered by more than 300 direct lenders online or in a loan store near your location. Not only do we compare rates and fees from the best direct lenders online, but we give you the chance to review each top lender and choose what’s best for you.

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Rates last updated June 19th, 2019
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LEND YOU

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

6.63%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

LendYou.com is the easy way to find the cash you need when you need it. You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. LendYou.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for… LendYou may be able to connect you with a lender that can help.

The loans you need, when you need them.   

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Check Into Cash

$3,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

Varied by state
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Check Into Cash is a national leader in direct lending, providing customers with affordable, short-term, small dollar credit solution such as Payday Advances, In-Store Cash Advances, Online Payday Loans, Title Loans, Title Pawns,Check Cashing, Western Union®, walk-in Bill Pay, and reloadable prepaid U.S. Money Cards both online and in their in-store centers nationwide. They offer reliable service, affordable rates, simple requirements and convenient repayment. Compare the reviews on Check Into Cash and their products, fins out all you need about this company and apply for the service you need.

Bad Credit Loans

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

5.99%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, secured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

BadCreditLoans.com has been in the business of helping people since 1998. We make it simple for consumers to get the funds they are looking for online.

We offer: 

  • Bad Credit Personal Loans
  • Bad Credit Business Loans
  • Bad Credit Credit Cards
  • Bad Credit Mortgage Loans
  • Bad Credit Home Loans
  • Bad Credit Student Loans
  • Bad Credit Auto Loans
4.8333333333333

Personal Loans .com

$35,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It is often limited to a certain sum but it may vary depending on the lender and his requirements.

5.99%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

PersonalLoans.com provides an easy and convenient way for consumers to be connected with a Personal Loan up to $35,000 through the network of lenders and lending partners. Through PersonalLoans.com, you can get needed loan funds quickly, in as little as just one business day. You don’t have to pay back these funds quickly, however, as the repayment time frame ranges from 90 days to 72 months depending on the terms of your loan. For shorter-terms loans offered, such as installment loans, the repayment time frame may be less than six months.

4.7692307692308

Jora Credit

$2,600
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

170%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Jora Credit is a Lender that operates under the state specific rules for the states that it services. They are committed to the lending of responsible credit products to eligible applicants in need of emergency credit. Jora offers a simple, reliable way for customers to get a loan, and have the flexibility to repay it over a duration of time that makes sense for their lives and budget. Jora provides loans as soon as the next business day. Apply today and get $500 to $2,600 as soon as tomorrow. Get a Loan Fast!

Loan By Phone

$3000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

Varied by state
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Online cash advance is really quick, easy, and confidential with LoanByPhone. They offer Payday Loans, Installment Loans and Line of Credit for both good and bad credit score customers. An easy, online application that takes only minutes to complete will help you get the approval and necessary funds as soon as possible. LoanByPhone makes the loan process really easy and mobile. Ypu can apply on the go, get funds quickly, and manage your account, all from the device at your fingertips.

Without a broker, you will be able to quickly apply online within minutes, simply by using your personal information. It’s reliable and easy to use. We are glad to offer our services, and can answer any question you have just by sending us your question via email just below.