Installment Loans
An Installment loan is a loan where you get a set amount of money in a lump sum. You must repay the loan in fixed, equal monthly amounts as agreed with the borrower with interest. Pay your monthly payment until the end of your loan or refinance for a new installment loan. Get an unsecured installment loan for instant cash to fix your car, pay your late bills, or take care of an emergency.
You can pay back your Installment Loan as agreed on or before the due date. However, your payments will depend on the amount of loan you have borrowed and your due dates. The rates and terms may differ based on the loan amount and the state in which you live. Installments loans are best suited for people who prefer scheduled payments. This helps individuals better plan their budgets and pay off the loan in smaller and easier payments.
What is an Installment Loan?
An Installment Loan is a type of short-term loan that allows you to borrow a lump sum of money upfront. You can use the money for anything you need and repay the loan in fixed monthly payments, otherwise known as “installments.”
Getting a loan is as easy as 1‑2‑3
- Apply online by filling out the online installment loan application.
- Get an instant decision in under 90 seconds
- if approved get your cash as soon as one business day.
Get Ready to apply
- Must be 18 years or older
- Steady monthly income
- Valid email address and working telephone number
- Be a United States citized or legal resident
- Bank account that accepts direct deposit.
Benefits of Installment Loans
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Easy application
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Our Installment Loan application is convenient and hassle-free. Complete it in minutes online or in person at an Advance 247 near you.
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Fast funding
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Thanks to our instant approval decisions, you can receive the money you need quickly. Funds are typically deposited into your bank account the next business day, and sometimes even the same day you apply!
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You don’t need good credit
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At Advance America, we understand that your credit score may not always reflect your ability to repay. That’s why we consider other factors, such as your income and employment history, when making our approval decision.
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No hidden fees
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We’re a state-licensed company, which means we follow all applicable state and federal laws. Installment Loan rates, terms, and fees are clearly outlined in your loan agreement, so you never have to worry about unexpected charges.
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Do you need a different type of loan?
if you need a different type of loan our lenders have you covered. You can apply for a fast cash loan by applying for payday loans, or you can get a personal line of credit.
