Installment Loans

💻 What Are Online Installment Loans?

Installment loans are a type of loan that offers borrowers the ability to pay the loan back over several months of time . A personal loan is an example of an installment loan.  People choose online installment loans because the application process is  usually simple and easy. The terms of an installment loan are designed to help you take control of your personal loan in the way that best fits your needs.

Installment loans are a way to pay for life's necessities, such as an emergency situation, rather than using or applying for a credit card or taking out a payday loan. These personal loans can have fewer fees and expenses than payday loans, potentially making repayment easier. Learn about the differences between installment loans and payday loans. 

Why an Installment Loan may be the right choice for you?

  • Payments are lower than payday loan payments

  • It's quick to obtain

  • There is no pre-payment penalty. Pay your loan off anytime.

  • Avoid adding debt to your credit card

⚙️ How It Works

Apply online: Submit personal, income, and banking info through a secure form.

Get a decision:  Decisions are usually made within an hour

Receive funds: If approved, funds are deposited directly into your bank account — sometimes as soon as the same day.

Repay over time: Make regular payments until the balance is paid off.

You can apply for an installment loan online. Once you apply for and are approved for an online installment loan, you could see your loan money deposited in your bank account.  In most instances, funding is no later than the next business day.

Once your installment loan is deposited into your bank account, you'll be required to make payments on it to start paying it back. These payments are usually made monthly, at the agreed upon due date provided in your loan agreement. The payments are usually the same amount every installment for a predetermined number of months. Once your loan is paid in full, you can receive another loan.

✅ Benefits

  • Fast approval and funding (often same or next day)

  • Predictable, fixed payments with fixed interest rates

  • Convenient online management (apply, sign, and pay online)

  • Credit-building potential if the lender reports to credit bureaus