In the USA small Installment Loans are considered bad credit cash advance of the small amount borrowed to cover any unexpected expenses and paid back in equal installments within several months or years. It’s usually unsecured by any collateral, and consequently quick and easy. Most direct lenders offer Installment Loans online and in-store both to good and bad credit borrowers, even without doing a hard credit check.
To take out a small Installment Loan in the fastest and most convenient way it’s better to apply online:
These steps are similar for most online direct lenders. But be careful to choose a legit lending company operating according to the state’s laws and regulations.
The amounts of Installment Loans may be subject to the state’s laws and regulations. But mostly they depend on the lender, his requirements, your needs and your credit score. On average, small Installment Loans online range from $500 to $3000. Be careful to request not more than you can afford. Otherwise, you risk not paying it back on time.
As we’ve mentioned before, bad credit score is not a problem for getting approved for an Installment Loan online and in a store. If you meet simple requirements, you are eligible for a small Instalment Loan even if you have a poor credit score. However, the worse your rating is the higher APR you may be charged. So, it’s better to try to improve your score and do your best to pay all the loans back on time.
There’s a variety of online direct lenders as well as brokers and matching services offering Installment Loans online as well as at physical locations near you. Choosing a suitable one pay attention to their license, legal status, lending experience and customer reviews. Read all the details of the cash advance carefully before signing the agreement
The only requirements of most Installment Loans online direct lenders are:
The eligibility criteria may vary depending on the lender. Check it out while qualifying for an Installment Loan.
Do you want to know how to guarantee same day Installment Loan? Apply online, prepare all the necessary documents including the proof of income, ID and others and drive to the nearest cash store. You can find the locations, addresses and other general information on the lenders nearby on the Internet. Or you can try to submit a loan application for a small Installment Loan online before 11 am and the bank may be able to deposit the money into your account same day.
As your credit score is not so important for the majority of small Installment Loans online direct lenders, they can approve you for the funding with no credit check. It means they are not going to do a hard inquiry to determine your creditworthiness. Your income will be enough information to provide you with cash advance.
A good alternative to small Installment Loans may be a short-term Payday Loan online. It’s available in the amounts of $100 - $1000 but the repayment terms are usually 14 – 30 days. Borrowers with bad credit also can get approved for this type of cash advance. Besides, you may consider Personal Loans, Car Title Loans and more.
| Loan Amount | Interest Rate | Loan Term |
|---|---|---|
| Up to $1,000 | Vary by state | Up to 1 month |
| Loan Amount | Interest Rate | Loan Term |
|---|---|---|
| Up to $5,000 | Starting at 5.99% APR | From a few months up to 3 years |
| Loan Amount | Interest Rate | Loan Term |
|---|---|---|
| Up to $5,000 | MIN 5.99% APR | From a few months up to 3 years |
| Loan Amount | Interest Rate | Loan Term |
|---|---|---|
| $1,000 - $5,000 | From 5.99% APR | 3 months - a few years |
| Loan Amount | Interest Rate | Loan Term |
|---|---|---|
| Up to $35,000 | Varies by lender | Up to 3 years |
| Loan Amount | Interest Rate | Loan Term |
|---|---|---|
| $1,000 - $5,000 | Start at 4.99% APR | 1 - 12 months |
| Loan Amount | Interest Rate | Loan Term |
|---|---|---|
| $1,000 - $5,000 | Start at 3.99% APR | Up to 1 year |
| Loan Amount | Interest Rate | Loan Term |
|---|---|---|
| Up to $5,000 | Varies by lender | Up to 12 months |
APR Disclosure. Some states have laws limiting the Annual Percentage Rate (APR) that a lender can charge you. APRs for cash advance loans range from 200% and 1386%, APRs for installment loans range from 6.63% to 225%, and APRs for personal loans range from 4.99% to 450% and vary by lender. Loans from a state that has no limiting laws or loans from a bank not governed by state laws may have an even higher APR. The APR is the rate at which your loan accrues interest and is based upon the amount, cost and term of your loan, repayment amounts and timing of payments. Lenders are legally required to show you the APR and other terms of your loan before you execute a loan agreement. APR rates are subject to change.
Here's a quick example:
You borrow $1,000 with an APR of 3% over 3 years (assuming an annual APR calculation).
Year 1 interest: 1,000 x 0.03 = 30 and 30 + 1,000 = 1,030
Year 2 interest: 1,030 x 0.03 = 30.9 and 30.9 + 1,030 = 1061
Year 3 interest: 1,061 x 0.03 = 31.83 and 31.83 + 1,061 = 1,092.83 In total, you'll pay back $1,092.83 at the end of the finance period.
For peace of mind, and to ensure you know what you're going to pay, ask your lender exactly what fees are included in the APR figure they offer you.
Material Disclosure. The operator of this website is not a lender, loan broker or agent for any lender or loan broker. We are an advertising referral service to qualified participating lenders that may be able to provide amounts between $100 and $1,000 for cash advance loans, up to $5,000 for installment loans, and up to $35,000 for personal loans. Not all lenders can provide these amounts and there is no guarantee that you will be accepted by an independent, participating lender. This service does not constitute an offer or solicitation for loan products which are prohibited by any state law. This is not a solicitation for a particular loan and is not an offer to lend. We do not endorse or charge you for any service or product. Any compensation received is paid by participating lenders and only for advertising services provided. This service and offer are void where prohibited. We do not control and are not responsible for the actions of any lender. We do not have access to the full terms of your loan, including APR. For details, questions or concerns regarding your loan please contact your lender directly. Only your lender can provide you with information about your specific loan terms, their current rates and charges, renewal, payments and the implications for non-payment or skipped payments. The registration information submitted by you on this website will be shared with one or more participating lenders. You are under no obligation to use our service to initiate contact with a lender, register for credit or any loan product, or accept a loan from a participating lender. Cash transfer times and repayment terms vary between lenders. Repayment terms may be regulated by state and local laws. Some faxing may be required. Be sure to review our FAQs for additional information on issues such as credit and late payment implications. These disclosures are provided to you for information purposes only and should not be considered legal advice. Use of this service is subject to this site’s Terms of Use and Privacy Policy.
Exclusions. Residents of some states may not be eligible for some or all short-term, small-dollar loans. Residents of Arkansas, New York, Vermont and West Virginia are not eligible to use this website or service. The states serviced by this website may change from time to time, without notice.
Credit Implications. The operator of this website does not make any credit decisions. Independent, participating lenders that you might be connected with may perform credit checks with credit reporting bureaus or obtain consumer reports, typically through alternative providers to determine credit worthiness, credit standing and/or credit capacity. By submitting your information, you agree to allow participating lenders to verify your information and check your credit. Loans provided by independent, participating lenders in our network are designed to provide cash to you to be repaid within a short amount of time. The short-term loans are not a solution for long-term debt and credit difficulties. Only borrow an amount that can be repaid on the date of your next pay period. Consider seeking professional advice regarding your financial needs, risks and alternatives to short-term loans. Late Payments of loans may result in additional fees or collection activities, or both. Each lender has their own terms and conditions, please review their policies for further information. Nonpayment of credit could result in collection activities. Each lender has their own terms and conditions, please review their policies for further information. Every lender has its own renewal policy, which may differ from lender to lender. Please review your lender’s renewal policy.
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