Let’s talk about installment loans and the convenience they bring! In a perfect world, the average American would earn enough money to save a decent pile of extra cash and never have to worry about emergencies, unexpected expenses, or how they will afford the nice things that catch their eye. However, installment loans have been saving the day for many Americans for many years now, and if you’re new to the concept and want to make a sound financial decision, you’re about to find out everything you need to know!
With so many people actively looking for installment loans online, we took the initiative to do some investigative work and piece together our editor’s pick of the top five providers of installment loans in the US. Find our brief reviews below.
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Installment loans online couldn’t be easier to achieve than with the help of Low Credit Finance. It’s easy to see that Low Credit Finance is head and shoulders above the rest when it comes to providing an all-around good experience for online borrowers. The platform is oh-so-easy to navigate, the application form couldn’t get any simpler, and the turnaround on loan applications is so speedy that it’s impressive.
What’s more, Low Credit Finance only presents installment loans online from reputable and ethical lenders. Their packages range from $100 to $5000, and when it comes to interest (at the discretion of the lender), the general range is from 5.99% - 35.99%.
Affordability is of importance to the lenders on the Low Credit Finance panel. As such, when filling in the quick and easy application form for installment loans online, you will be required to provide a list of your monthly expenses. Eligible applicants will have a choice of loans with repayment periods ranging from 3 to 24 months. Paying the loan back is made simple by matching the automated direct debits with your paydays, whether that be once a week, every second week, or once a month.
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Installment loans for bad credit borrowers are made simple at Viva Payday Loans. This particular loan-finder platform has a reputation for connecting bad credit borrowers with lenders most likely to assist them. Of course, there are terms and conditions in place, and every bad credit borrower must meet certain criteria before they’re considered eligible for a loan. The requirements are simple, though, and so is the application process.
When applying for installment loans for bad credit via Viva Payday Loans, you will be given the option of choosing a loan amount from $100 to $5000. The repayment periods vary depending on the amount approved, but generally speaking, they range from 3 to 24 months. Interest, which is unavoidable when taking out a loan, can start as low as 5.99%, but depending on your financial situation, the amount requested, and the competitiveness of the lender, it can reach as high as 35.99%.
Applying for installment loans for bad credit via Viva Payday Loans will take just a few minutes, and once you’ve got the cash (if approved), you can do anything you like with it.
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Big Buck Loans has been helping unemployed individuals get the cash they desperately require for quite some time. The platform, known for its speedy processing and ability to connect non-traditionally employed borrowers with lenders most likely to help them, is earning itself a positive reputation in the industry. You can apply for online installment loans for unemployed individuals in 4 easy steps on the Big Buck Loans website. What’s more, is that you will know within two minutes of submitting the application form if you can be assisted or not.
Installment loans for unemployed individuals are extended to people who don’t have a formal job or boss but still generate an income each month. Whether you’re renting out your property or working as a freelancer online, if you can prove you earn the minimum required amount ($1000 per month) and can afford the loan, you’re likely to be considered for financing.
Those applying for online installment loans for unemployed individuals will have a selection of loan amounts to choose from, ranging from $100 to $5000. You can pay your fixed installments off in the way that best suits your income. The lender will set a direct debit in place that will automatically deduct your installment monthly, fortnightly, or weekly, depending on your financial situation.
With 3 to 24 months to repay loans, Big Buck Loans’ panel of lenders really does offer borrowers a great way to get the cash they need and repay it without overburdening their budgets.
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Heart Paydays really stands out to us as a great option for those seeking guaranteed installment loans for bad credit. If you happen to meet all the criteria and can prove affordability of the loan, you’re guaranteed to be considered for installment loans by Heart Paydays’ panel of lenders.
When applying for guaranteed installment loans for bad credit, you will have a choice of loans, ranging from $100 to $5000, with 3 to 24 months to pay. Interest is of importance, of course, and you will find that Heart Paydays is pretty in line with industry standards, offering loans with interest rates ranging from 5.99% to 35.99%.
The Heart Paydays platform provides a convenient method of applying for loans. You fill out just one application form, and your request is considered by multiple lenders. Best of all, the lenders offering guaranteed installment loans for bad credit are reputable, responsible, and transparent. Applications via the platform are quick and easy – in fact, taking only a few minutes of time. And if you’ve got a bad credit history, rest assured that lenders are considering more than just credit scores when approving and denying loans.
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If you’re hunting the internet for online installment loans instant approval, you’re obviously in a hurry. And for borrowers in a hurry, the speedy processing and simplified system, without the need for paperwork, faxes, and calls, at Green Dollar Loans is highly attractive.
Applying for online installment loans instant approval on the Green Dollar Loans platform is convenient, taking just a few minutes of your time. You can expect to received feedback within 2 minutes of submitting your application form.
With interest rates ranging from 5.99% to 35.99% and with 3 to 24 months to pay, most borrowers will agree that what’s on offer at Green Dollar Loans is reasonable. Online installment loans instant approval ranges from $100 to $5000, making it ideal for all kinds of borrowers to get the cash they need.
If you’re looking for a 100% online application process and a platform that connects you with lenders offering quick disbursement of funds, Green Dollar Loans is it.
Guaranteed installment loans for bad credit direct lenders only are loans provided to eligible applicants whereby the loan-finder connects the lender and borrower but has no further dealings in the loan process. This means that the borrower finalizes the details of the loan directly with the lender and the contract is managed directly with the lender too.
You can submit your application via the Low Credit Finance website by following these steps:
You’ll have a choice of loan options ranging from $100 to $5000 with 3 to 24 months to pay. Make your selection to kickstart the application process.
Next, complete the guaranteed installment loans for bad credit no credit check application form with your personal particulars. This includes your full name, ID, address, employment details, and a list of your monthly expenses.
Once you’ve submitted your application for guaranteed installment loans for bad credit no credit check, you will wait only two minutes to get feedback. If all is in order, the lender will finalize the details of the loan with you and provide you with a copy of a loan agreement to read through and sign.
Approved no credit check installment loans are paid out pretty quickly, so you won’t be kept waiting around for the cash you need.
All loans, even direct lender online installment loans instant approval come with interest attached. Interest is charged at anything between 5.99% to 35.99%. Always inquire about the interest rate when applying for a loan.
One of the perks of using a loan-finder to access bad credit installment loans is that these platforms only present responsible, reputable, and transparent lenders. This serves to give you much peace of mind.
Always keep in mind that personal installment loans need to be paid back and as, such, will cost you. Take a look at your budget and current cash flow, and only request an amount that you can afford.
Make inquiries with the lender directly about how long it takes to disburse the funds when a loan is approved. For some lenders, payouts on installment loans no credit check can be done within 24 hours, but this cannot be guaranteed.
To create our list of the best instant funding installment loans, we looked for lenders offering the following:
With the abovementioned top five providers of installment loans in the USA, you are likely to find the ideal loan option for you. While Low Credit Finance is our top pick for its ease of use, flexible terms and amounts, and the fact that the lender eligibility criteria is reasonable, it’s still worth noting that Viva Payday Loans, Big Buck Loans, Heart Paydays, and Green Dollar Loans are worth checking out too.
You can get installment loans in the USA if you are a legal citizen or resident of the country. You must be able to provide your ID and necessary paperwork to show that you’re legally allowed in the country.
Installment loans are repaid in set monthly or weekly installments. Most lenders will set up a debit order on the borrower’s bank account to make sure that installments are paid in full and on time.
Yes, even if you have bad credit, you can get installment loans that pay out pretty quickly. Of course, you must meet the eligibility requirements and prove that you can afford to repay the loan.
Disclaimer: This is a paid advertisement. The loan websites reviewed are loan-matching services, not direct lenders, therefore, do not have direct involvement in the acceptance of your loan request. Requesting a loan with the websites does not guarantee any acceptance of a loan. This article does not provide financial advice, please seek help from a financial advisor if you need financial assistance. Loans available to U.S residents only. The owner of the loan website(s) may be paid commission by a third party if you make a request for a loan.
Disclaimer: This article is published in association with PayDay Ventures and not created by TNM Editorial. Please do your own research before applying for loans from the above services and seek independent legal/financial advice if you are unsure.