Online Installment Loans
Borrow what you need and repay in fixed, predictable monthly installments. No balloon payments, no surprises.
Installment loans offer a structured way to borrow money with fixed monthly payments spread over a set period. Unlike revolving credit or payday loans, installment loans give you a clear repayment timeline so you always know when you'll be debt-free. Our lenders offer installment loans from $1,000 to $40,000 with terms ranging from 24 to 72 months.
Key Features
- Fixed monthly payments — easy to budget
- Loan amounts from $1,000 to $40,000
- Terms from 24 to 72 months
- No prepayment penalties
- Instant pre-approval available
- Bad and fair credit accepted
- Funds as fast as next business day
- Fully online application process
Requirements
- US citizen or permanent resident, age 18+
- Valid Social Security Number
- Active checking account
- Verifiable income source
- Credit score 560+ (some lenders accept lower)
- Valid government-issued ID
Top Offers
ClearPath Lending
No impact to your credit score
SwiftLoans USA
No impact to your credit score
InstantFund Pro
No impact to your credit score
Frequently Asked Questions
What is an installment loan?
An installment loan is a type of personal loan where you receive a lump sum and repay it in equal monthly installments over a fixed period. The payment includes both principal and interest, calculated at the time of loan origination.
How is an installment loan different from a payday loan?
Payday loans require full repayment (plus fees) by your next paycheck, often within 2 weeks. Installment loans spread repayment over months or years, resulting in much more manageable payments and typically much lower effective APRs.
Can I pay off an installment loan early?
Most lenders on our platform do not charge prepayment penalties, meaning you can pay off your loan early and save on interest. Always confirm with the specific lender before signing.
How much can I borrow with an installment loan?
Through our network, you can typically borrow between $1,000 and $40,000, depending on your creditworthiness, income, and the lender's policies. Use our calculator to estimate monthly payments before applying.