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Installment Loans in the USA

Installment Loans in the USA

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Compare Top lending companies offering $1,000 - $5,000 unsecured Installment Loans with convenient monthly payments available for bad credit. Get only up-to-date information and reliable reviews fro our happy customers to find the Best Rates from only 5,99% and up to 3 year term  offered by more than 300 Direct Lenders Online or in a Loan Store near your location. APPLY NOW - Instant Same Day Decision is Guaranteed!

* Always check the lender’s rates and fees as they may vary. We give only general information. Be attentive. Borrow responsibly! It’s up to you to make a wise decision.

NEED A LOAN? FIND THE BEST LENDERS ONLINE!

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Compare Installment Loans from Direct Lenders and Other Financial Services Online

Find the best Installment Loans offers choosing among a variety of legit reliable online and in-store lending companies.

TOP RATED COMPANIES

Rates last updated December 16th, 2019
4.2990978487162

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
4.4031746031746

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
4.418505942275

Greenlight Cash

$5000
MAX Loan Amount
Varies by state
MIN APR
Unsecured
Collateral or Guarantor
Available for Bad Credit
4.3877551020408

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
4.2618741976893

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

Credible

Available for Bad Credit

Smaller tax return than you expected? Apply online for quick cash. Apply

Quick and Easy Installment Loans Online

Compare top online companies offering fast cash advance with no faxing, no paperwork, possibly no hard credit check and no teletrack. Filling out a free application form guarantees you instant decision and high approval chances even if you have a bad credit score.

ONLINE COMPANIES

Rates last updated December 16th, 2019
4.2805755395683

Payday Loans USA .online

$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
4.0821256038647

Your Faster Payday

$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
4.2380952380952

Fast Holiday 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 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

LOAN RULES, LAWS AND REGULATIONS.

For your convenience we present all the key details in the table below:

State Law statussort descending MIN Loan Amount MAX Loan Amount MIN. Loan Term MAX. Loan Term MIN APR MAX APR Additional fees NSF fee Collateral or guarantor Number of simultaneous loans Cooling off period Rollover Extension, repayment plan Default penalties Bad credit
California legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Oregon legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Massachusetts legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Colorado legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Pennsylvania legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Michigan legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Connecticut legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Rhode Island legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Minnesota legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Delaware legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
South Carolina legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Mississippi legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Missouri legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Florida legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
South Dakota legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Montana legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Georgia legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Tennessee legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Nebraska legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Hawaii legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Nevada legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Idaho legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Texas legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
New Hampshire legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Illinois legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Utah legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
New Jersey legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Indiana legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Virginia legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
New Mexico legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Iowa legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Washington legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Kansas legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
North Carolina legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Kentucky legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Alabama legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Wisconsin legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
North Dakota legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Louisiana legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Alaska legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Wyoming legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Ohio legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Maine legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Arizona legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
District of Columbia legal $1,000 $5,000 6 months 36 months 36% 60% Varied Not stated None, Unsecured Not stated None Varied Varied Not stated No
Oklahoma legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Maryland legal $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Vermont restricted $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
New York restricted $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
West Virginia restricted $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Arkansas restricted $1,000 $5,000 90 days 36 month 225% None, unsecured Yes
Apply online
State Law statussort descending MIN Loan Amount MAX Loan Amount MIN. Loan Term MAX. Loan Term MIN APR MAX APR Additional fees NSF fee Collateral or guarantor Number of simultaneous loans Cooling off period Rollover Extension, repayment plan Default penalties Bad credit
Massachusetts available None n/a None None 23% $20 administrative fee None None, unsecured Not stated None Not allowed Not allowed Criminal actions are prohibited Yes
Pennsylvania available None n/a None None $9.50 for $100 borrowed $1.50 service charge None None, unsecured Not stated None Not stated Not stated Not stated Yes
Georgia available $3000 None Not set Not set 16% 10% of every $100 borrowed None, unsecured Not set None None None Prohibited by law Yes
New Jersey available None None None None 30% None None None, unsecured None None Not allowed Not allowed Not allowed Yes
North Carolina available None None None None 36% Not limited None None, unsecured None None None None None Yes
Arizona available None n/a None None 36% 5% fee None None, unsecured Not stated None Not stated Not stated Not stated Yes
District of Columbia available $0 $0 Not stated Not stated Not stated 24% None None None, Unsecured Not stated None None None Not stated Yes
Maryland available None n/a None None 33% None None None, unsecured None None None None Not stated Yes
California legal None $300 None 31 days 459% 15% of the check $15 None, unsecured 1 None Not allowed Voluntary repayment plan Not stated Yes
Oregon legal None $50,000, not more than 25% of monthly income 31 days 60 days 36% None $20 None, unsecured Not limited 7 days 2 renewals Allowed Not stated Yes
Colorado legal None $500 6 months Not set 20% APR 20% for $0-$300 plus 7.5% for $301-$500 plus 45% for each year, plus monthly fee of $7.50 per $100 up to $30, after first month. $25 None, unsecured One None One rollover Not set Amount of a loan, plus attorney fee in case of a court Yes
Michigan legal None $600 None 31 days 390% $15, verification fee of maximum 15% of every $100 borrowed $25 None, unsecured 2 None Not allowed Repayment plan $15 for installment payback plan Yes
Rhode Island legal None $500 13 days Not stated 260% $10 None None, unsecured 3 a year None One rollover Not stated None Yes
Minnesota legal None $350 None 30 days 390% $5-$15 Only one per loan None, unsecured Not limited None None None Not stated Yes
Delaware legal None $1000 None 60 days Not limited Not limited None None, unsecured 5 loans a year None 4 rollovers for each loan Not stated Not stated Yes
South Carolina legal None $550 None 31 days 390% 15% maximum Not more than $10 of a check None, unsecured Not limited 2 business days after 8 consecutive loans Not allowed Repayment plan once a year Not stated Yes
Mississippi legal None $500 None 30 days 520% $20 on average $30 None, unsecured Not specified, but no more than $500 in total None Not allowed Voluntary repayment plan Not stated Yes
Missouri legal None $500 14 days 31 days can reach 1950% Not stated None None, unsecured Not limited but no more than $500 from a lender None 5 rollovers Not allowed Criminal actions are prohibited Yes
Florida legal None $500 7 days 31 days 419% 10% of every $100 borrowed None None, unsecured Not set None None None Prohibited by law Yes
Tennessee legal None $500 None 31 days 459% 20% plus database fee None None, unsecured 3 but no more than $500 3 days Not allowed Not allowed Criminal actions are prohibited Yes
Nebraska legal None $500 None 34 days 459% $15 $15 None, unsecured None None Not allowed Not allowed Not stated Yes
Hawaii legal $1 $600 14 days 32 days 459% Not more than 15% of the loan $20 None, unsecured One None None None None, prohibited by law Yes
Nevada legal None Not more than 25% of montly income None 35 days Not limited Not limited $25 None, unsecured Not limited None Allowed Allowed Not stated Yes
Idaho legal None $1000 None Not limted Not limited Not limited $20 None, unsecured Not limited but maximum $1000 in total None 3 rollovers and renewals Repayment plans for at least 60 days Not stated Yes
Texas legal Not specified Not specified Not stated 180 days 410% 10% of the loan $30 None, unsecured Not stated None Not stated Not stated 5% collection fee Yes
New Hampshire legal None $500 7 days 30 days 36% Not stated None None, unsecured 1 60 days Not allowed Not allowed Criminal actions are prohibited Yes
Illinois legal None $1,000, or25% gross monthly income 13 days 120 days 403% Not more than $15.50 for $100 borrowed $15 None, unsecured 2 7 days Not allowed 55 day repayment plan None Yes
Utah legal None None None 10 weeks Not limited Not limited $15 None, unsecured Not limited 1 day Not allowed Once a year repayment plan None Yes
Indiana legal None $550 14 days 30 days 390% 15% of every $100 borrowed $20, once None, unsecured One from lender, two from different lenders 7 days after 6 consecutive loans None 3 extensions, repayment plan None Yes
Virginia legal None $500 2 repayment periods Not stated 687.76% $5 verification fee $25 None, unsecured 1 1 day Not allowed One repayment plan in 4 equal installments Not stated Yes
New Mexico legal None $2500, not more than 25% of monthly income None 35 days 416% $0,50 jf every $100 verification fee $15 None, unsecured Not limited, but not more than 25% of gross mothly income in total None Not allowed Repayment plan for over 130 days Not stated Yes
Iowa legal None $500 None 31 days 433% $16.67 for every $100 borrowed for a fortnight $15 None, unsecured 2 None None None Criminal actions are prohibited Yes
Washington legal None $700 None 45 days 390% 15% Not stated None, unsecured 8 loans a year None Not allowed Repayment plan for 90-180 days Criminal actions are prohibited Yes
Kansas legal None $500 7 days 30 days 390% $15 for every $100 borrowed One per loan None, unsecured 1 Not stated None None Not stated Yes
Kentucky legal None $500 14 days 60 days 459% 1$ database fee Only one for every defaulted loan None, unsecured 2 None Not allowed Not allowed Criminal actions are prohibited Yes
Alabama legal $100 $500 10 days 31 days 300% Not more than 17.5% of the loan $30 None, unsecured One 1 business day One rollover Repayment plan 3% a month from the default date Yes
Wisconsin legal None $1500, not exceeding 35% of your monthly income Not stated 90 days Not stated Not stated $25 None, unsecured Not limited 24 hours 2 Not stated None Yes
North Dakota legal None $500 None 60 days 520% 20%, plus database fee $20 None, unsecured Not stated 3 days one rollover Not allowed Criminal actions are prohibited Yes
Louisiana legal None $350 None 60 days 780% $10 documentation fee, 16,75% of every $100 borrowed One per loan None, unsecured Not limited None Not allowed Repayment plan once a year 36% per year Yes
Alaska legal None $500 14 days Not stated 520% $5 origination fee $30 None, unsecured Not limited None 2 Repayment plan Finance charge for every new repayment period Yes
Wyoming legal None Not limited None 1 month 780% 20% maximum but not more than $20 None None, unsecured Not limited None Not allowed Repayment plan of 4 installments Not stated Yes
Ohio legal None $500 None 31 days 28% None None None, unsecured 1 90 days Not allowed One repayment plan Maximum $20 collection charge Yes
Oklahoma legal None $500 12 days 45 days 390% 15% maximum $25 None, unsecured 2 2 business days after 5 consecutive loans Not allowed Repayment plan made up of 4 installments Not stated Yes
Vermont prohibited Payday Loans are prohibited Small loan rate cap 18% per year None, unsecured Yes
New York prohibited Payday Loans Prohibited Small loan rate cap 25% per year None, unsecured Yes
West Virginia prohibited Payday Loans Prohibited $2,000 Small loan rate cap 31% per year None, unsecured Yes
Arkansas prohibited Payday Loans Prohibited Payday Loans Prohibited Small loan rate cap: 17% annually None, unsecured Not allowed Yes
Connecticut restricted None n/a Not stated Not stated 30.03% $17 interest None None, unsecured Not limited None None None Not stated Yes
South Dakota restricted None $500 Not stated Not stated 36% None Not stated None, unsecured Not stated Not stated 4 renewals Not stated Not stated Yes
Montana restricted $50 $300 None 31 days 36% None $30, only one None, unsecured 1 None Not allowed Not allowed Not allowed Yes
Maine restricted None $2,000 None None 30% None None None, unsecured Not stated None None None Not stated Yes
Find out more Apply online
State Law statussort descending MIN Loan Amount MAX Loan Amount MIN. Loan Term MAX. Loan Term MIN APR MAX APR Additional fees NSF fee Collateral or guarantor Number of simultaneous loans Cooling off period Rollover Extension, repayment plan Default penalties Bad credit
California legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Oregon legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Massachusetts legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Colorado legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Pennsylvania legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Michigan legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Connecticut legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Rhode Island legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Minnesota legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Delaware legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
South Carolina legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Mississippi legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Missouri legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Florida legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
South Dakota legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Montana legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Georgia legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Tennessee legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Nebraska legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Hawaii legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Nevada legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Idaho legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Texas legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
New Hampshire legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Illinois legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Utah legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
New Jersey legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Indiana legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Virginia legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
New Mexico legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Iowa legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Washington legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Kansas legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
North Carolina legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Kentucky legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Alabama legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Wisconsin legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
North Dakota legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Louisiana legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Alaska legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Wyoming legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Ohio legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Maine legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Arizona legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Oklahoma legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Maryland legal $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
District of Columbia prohibited $5,000 $35,000 6 months 72 months 6% 24% Not stated Not stated None, Unsecured Not stated None Varied Varied Not stated No
Vermont restricted $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
New York restricted $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
West Virginia restricted $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Arkansas restricted $1,000 $35,000 90 days 60 month 450% None, unsecured Yes
Find out more Apply online

Contents:

What is an Installment Loan?

What is the Difference between Personal, Installment and Payday loans?

Bad Credit Installment Loans.

NO Credit Check Installment Loans.

How you get an Installment Loan.

Secured vs Unsecured Installment Loans.

Installment Loan Calculator: rates and cost.

Instant Approval Installment Loans.

Online and in-store Installment Loans.

What is an Installment Loan?

Compacom.com service offers you to compare and find the best Payday Loan, Installment Loan and Personal Loan companies both online and in-store. There are more than 300 direct OLA certified lenders on the website. Borrowers looking for average amount cash advance should pay attention to Installment loans. They vary in the amounts from $1000 to $5000 and are given for 2-36 months requiring neither a guarantor nor collateral and paid back in fixed equal installments, usually monthly.

It’s usually unsecured, i.e. doesn’t require any guarantor or collateral which makes it even easier and faster to get 1.

Installment Loans - National Consumer Law Center (pdf)

What is the Difference between Personal, Installment and Payday loans?

To choose the loan most profitable in your particular situation you must understand the difference between Payday, Personal and Installment types of cash advance 2. Installment Loans are given in the amounts ranging from $1000 to $5000 for the period of 6-60 months and paid off in scheduled monthly parts. If your financial needs are more serious, apply for a Personal Loan. They are characterized by long terms and rather high amounts of cash advance, up to $35,000. If $1000 is enough to cover your needs and you feel the ability to repay it with your next paycheck – apply for a Payday Loan.

Just to give you some brief information and a chance to compare we present the following table:

  Installment loans Personal loans Payday loans
Legal status legal legal Legal in 27 states, with some restrictions in 9 states
Amounts $1000 - $5000 $5000 - $35,000 $100 - $1000
Terms 6-60 months 6-60 months 14-30 days
Repayment In fixed arranged repayments In fixed arranged repayments With a next paycheck
Rates and Fees 5.99% to 35.89% APR , 5% origination fee 5.99% to 35.89% APR , 5% origination fee 300%-750% APR, 10-15% fee for every 100$ borrowed
Collateral or guarantor Not needed Not needed in most cases Not needed

As you can see, Installment Loans are different from personal only by the amount, having the same terms and other conditions. The difference with Payday cash advance is much bigger. It concerns both sums and terms. Payday APR is rather higher while the repayment period considerably shorter. So it’s up to you to decide how much you need and when you can pay it off and we’ll be glad to help you get the money.

The Advantages of Installment Loans
  • You can’t but agree that when one needs money, he wants it fast and safe. And we understand it better than anyone else. So we do our best to offer convenient reliable service for the borrowers. Applying for an Installment Loan with us you get:
  • The unique opportunity to compare more than 300 lending companies both online and in-store.
  • Fast and easy application process. It takes just 60 seconds to fill out an application form, which is instantly processed.
  • Easy approval, even for the borrowers with bad or poor credit score. 80% of our clients get their money the next business day without doing any paperwork, faxing, doing credit reports, etc.
  • Profitable interest rates and other conditions which are legally followed by all our partners. They are all fixed in the written agreement. You get its copy. Study it carefully before signing a contract.
  • Convenience of solving your financial problems with one click sitting on a comfortable chair at home. Our 100% online service makes it possible to avoid looking for cash stores, driving, etc.
  • Safety and confidence. You can be sure that all your personal information is protected. All our direct partners are verified as reliable and efficient.
  • No influence on your credit score. There is usually no hard check of your credit history, no credit report requirement, so taking an Installment Loan won’t harm your score.
  • Fully committed service. We work 24/7 and offer loans in all the states.

Bad credit Installment Loans. 

When it’s decided whether ti approve you for an Installment loan, it’s necessary to learn how risky you are. To measure it the lenders check your credit score. “A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual”.5

90% of lenders rely on FICO (Fair Isaac Corporation) score. 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 and divides all the borrowers into 5 groups 3:

Credit title Poor Fair Good Very good Exceptional
Credit score 300-579 580-669 670-739 740-799 800+
What does it mean? You may be rejected. Or you may need to pay a fee or a deposit. To get approved may be rather difficult and the rates are likely to be higher You are an “acceptable” borrower You may get better interest rates from lenders You will be easily approved for a loan

The majority of our service visitors are the US residents with a Fair or Poor FICO Credit Score. Such people are not eligible for a loan from banks, credit unions or other official organizations. For our lenders your credit history is not the only important criterion. Your application for an Installment Loan, as well as a Payday Loan or Personal Loan will be considered in any case.

The lender can check your credit report but just in order to decide on the amount you are able to borrow and pay off. Sometimes installment cash advances can even help you to consolidate your debts, pay some urgent bills and improve your credit score.

            

     FICO credit score.               Raise your FICO score.         Loans to improve your credit.

NO Credit Check Installment Loans. 

Every time you apply for a loan, you are subject to a credit check. It’s not a must but is included into the lender’s rights. As they consider your application they firstly will inquire some information from you on the phone or the Internet concerning your income, liabilities and assets. If these data satisfy their approval conditions, they may request a credit check which will be the key factor whether to give you a loan or not.

Credit checks, or inquiries can be soft and hard. It’s soft in case you check your own credit score or the lender preapproves you for a loan. If it’s already the matter of making a lending decision, it’s hard inquiry. They usually occur when you apply for any kind of loan 4.

Soft inquiries can occur without your permission, but don’t worry – they won’t affect your credit in any way. Hard inquiries are made only with your allowance. It’s usually a typical part of a lending process. They can slightly lower your credit score and will stay on your report for two years. Payday and Installment loans are usually granted without hard check, thus not affecting your credit history.

How you get an Installment Loan:

"Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame". Muhammad Yunus

 

 

That's why if you can't get approved for a loan by a bank or credit union or other traditional financial institution, a good option is bad credit unsecured Installment Loan. All the process of taking an installment cash advance is very simple, safe and convenient. It consists of several steps and takes less than 24 hours from applying for a loan to getting it. Using Compacom you have two main options:

1. Choose the amount you need, it will mainly determine whether Payday Loan, Installment Loan or Personal loan will suit you better, compare all the direct partners offering this kind of cash advance, learn their rates, terms and fees and choose the most suitable, reliable and profitable from your point of view.

 

 

2. Fill out a simple free application form online and get instantly connected with more than 300 direct lenders both online and in-store to get their approval and have the money deposited into your account in less than 24 hours.

 

 

 

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000
  • Both ways are easy, quick and safe.
  • Application doesn’t involve any obligations to accept a loan.
  • There is no prepayment, it’s absolutely free.
  • Be sure all your personal information is protected.

In order to get $5000 Installment Loan you just need to meet some simple requirements of our direct lenders. They are:

  • Being over 18,
  • Being the resident of the United States,
  • Working in the US,
  • Having a valid bank account under your personal name,
  • Having a stable income.

What is really cool about Installment Loans is that all of them will be considered and for those of you who have a Bad Credit history there’s a definitely good chance of being approved. Besides applying doesn’t affect your credit anyhow.

Secured vs Unsecured Installment Loans. 

All loans sre devided into secured and unsecured depending on whether you back it up with some guarantor or collateral. 

Installment Loans are absolutely unsecured. They are lent without any collateral, which may be required in case of a mortgage or a car loan to pledge a security for loan repayment. Our direct lenders don’t ask you for a guarantor either. You don’t have to feel embarrassed asking friends or relatives to sign up for you. You don’t have to ask your friends or relatives to sign up for you. Still you need to be careful and read the agreement carefully before signing as some companies may have different conditions.

Installment Loan Calculator: rates and cost. 

"No loan is free. The costs are in your loan somewhere, maybe rolled into the amount to be refinanced or even coming at a higher interest rate".

Barbara Corcoran

 

Installment Loans are one of the most convenient cash advances to pay off. The amounts are rather small, and they are distributed over a reasonable period of time. You repay the loan in arranged fixed installments. You are always prepared for these expenses, so it’s easier for you to calculate the budget and to make sure you’ll be able to make the payments on time. Use our calculator to find out the total cost of your INstallment Loan:

Personal Loan Calculator

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Select the amount for the loan you want in order to get the principal, which is the basis that we use to calculate the interest and the total cost of the cash advance.
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The number of days within that you will be ready to repay the loan. It’s used to count the total cost of cash advance by multiplying the time period by the amount of interest.
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To calculate the total cost of your loan, we take the minimal average APR legal in all States, which is 36%. This figure is only a representative, providing you with general information on how much the loan may cost. To find out a more accurate total, fill in the Annual Percentage Rate required by the lender you want to apply to.
Every Payment (Installment) =

per month for year(s) at % APR

* It’s the amount of money you’ll need to pay every month (or other agreed period) according to your repayment plan.
Total Paid After Payments =
Total Interest Paid* =
* The total amount of interest over all the period of the loan.
This calculation is just a representative example and is for illustration purpose only. The rate is also just a representation of what a loan may cost and may differ from the rate you’ll be offered by the lender. Their rate will be based on their vision of your personal financial situation. All the calculations are provided as guides only. They don’t guarantee 100% the same cost you are going to be charged but they do help you understand the overpay much better. Unless you change the APR, the calculations will be based on the average or lowest rate represented by most lenders for each loan type. You’ll find the accurate interest rate as well as the real cost of your cash advance after you get approved before you sign the agreement. It will depend on many factors including the amount, the term of the loan, your credit score and the lender’s conditions. Interest rates are not fixed figures and are subject to change at any time. As soon as you fill out an application and get approved all the details concerning the rates and terms will be sent to you.

Paying off in advance is not a problem either. There are no prepayment penalties or additional fees. Just on the contrary, doing so you can make your debt smaller.

Lorraine Charlton, Debt Expert at Citizens Advice, has the following advice: 

a) Work out how much you owe;

b) Prioritise your debts;

c) Work out how much you can pay;

d) Pay urgent debts;

e) Consolidate your outstanding loans;

e) Pay non-urgent debts. 

If you have some problems and miss a payment or default a loan it can harm your credit score. You may get under some penalties, or even get under control of some debt collecting agencies. They are forbidden to take any criminal actions against you but still it can be unpleasant to receive their constant phone calls. Be careful! Remember, your rights are reserved. For any question or complaint contact the Consumer Protection Financial Bureau (CPFB) 5 (855) 411-2372.

Instant approval Installment Loans. 

Applying for a bad credit Installment Loan you expect to get approval and get it fast. You are ready to pay higher interest rates as you badly need the money quick and without any additional requirements, checks, paperwork, etc. Approval for an Installment Loan is easier to get online from a direct lender or broker than from traditional banks and credit unions, but we can’t say it’s 100% guaranteed. We offer the best way – fill out a free Compacom form right now and in some minutes, you’ll learn if you qualify for a loan.

Online and In-store Installment Loans. 

If you want to apply for an Installment Loan, you have two main options: search for the nearest Cash Store or switch on the computer and surf the Internet. It’s up to you to decide which way to choose: to do the paperwork, drive a car, wait in traffic jams or lines and look for the store or get up to $5000 Installment loan in a few clicks from the comfortable armchair in your house.

Using our service you get access to more than 300 direct lenders both online and in-store, all of them verified by time and thousands of clients. We work only with reliable authorized partners. We serve American residents in all the states 24 hours 7 days a week.

When shopping for the best most profitable Installment Loan, we would advise you to compare different lenders. We give you this opportunity absolutely for free. You should pay your attention to:

  • Interest rates
  • Fees
  • APR
  • Prepayment penalties
  • Automatic rollovers
  • Debt collecting

All these criteria are described in each lender’s description in detail. Besides you get their contacts if you still have any questions. With us you can be sure to get matched with the most reliable lender with the lowest rates and fees. Borrowing with the help of our company is quick and easy from start to finish. Apply now – fill out a one-minute application form – wait 2 minutes for it to be processed and sent to the lender – get money in less than 24 hours.

Frequently Asked Questions.

What are the Terms and Amounts of an Installment Loan?

The maximum amount of an Installment Loan is $5000. It’s usually more than enough for an average American to make any urgent purchase and pay the bills.

In case you need more, we suggest taking a Personal Loan of $5000 -$35,000.

For the minor expenses borrow a Payday cash advance. It’s up to $1000 and paid back within a month with your next paycheck.

The repayment period of Installment Loans ranges from 6 to 60 months. It’s one of the most convenient loans to pay off because the payments are fixed and egually arranged into small monthly sums. Besides there are no prepayment penalties. So if you want to reduce the fees you can give the money back in advance. But better check these conditions in the agreement before signing.

How do I Qualify for an Installment Loan?

In order to get $5000 Installment Loan you just need to meet some simple requirements of our direct lenders. They are:

  • Being over 18,
  • Being the resident of the United States,
  • Working in the US,
  • Having a valid bank account under your personal name,
  • Having a stable income.

What is really cool about Installment Loans is that all of them will be considered and for those of you who have a Bad Credit history there’s a definitely good chance of being approved. Besides applying doesn’t affect your credit anyhow.

 

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