Installment Loans
Borrow up to $5,000 with more time to pay it back
- Apply online or in a store
- No good credit needed
- Approval decisions in minutes
- Same-day funding
- Repayment up to 24 months
Why Trust Us?
1F Cash Advance has been providing emergency loans since 2019. We are licensed and operate under state laws. Over 140,305 consumers have already benefited from our services, both online and in stores.
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What Is an Installment Loan?
An installment loan is a form of credit that allows you to borrow a certain amount in one lump sum and repay the money over a set period in smaller scheduled installments. The payments are made regularly, usually on a monthly or bi-weekly basis, and are the same over the loan life.
Installment loans have higher borrowing limits compared to payday loans, allowing you to finance large purchases or big life projects. At 1F Cash Advance, you can borrow between $500 and $5,000 and choose a repayment period from 2 to 24 months.
Reasons for Getting an Installment Loan Online
Online installment loans are perfect when you need extra cash to pay for things that fall outside of your usual budget. Our customers typically get them to cover the following emergency expenses:
- Surprise medical bills
- Car repairs
- Home improvements
- Urgent travel expenses
- Moving costs
- Rent or utility payments
How It Works
It’s easy to get an installment loan from 1F Cash Advance. Just follow these 3 simple steps:
Start your application
Complete a form online, call us at (720) 428-2247, or visit one of our stores for personalized assistance.
Apply NowReceive an approval decision
Your application details will be reviewed in minutes with no impact on your credit score. If approved, read the terms and sign the agreement.
Get funded
In-store applicants can walk out with cash right away, while online borrowers will receive the funds into a bank account via an ACH transfer on the same day.*
*Online applications approved before 10:30 am local time on weekdays are eligible for same-day money deposits. Borrowers who finalize their loan offers after 10:30 am local time or on weekends will receive the money on the next business day.
What Is Required to Apply?
We only ask for basic documents and information to make the process fast and smooth. Here’s what you need to provide:
- Government-issued ID
- Social Security number
- General contact information
- Proof of income and address
- Bank account number and routing number
Benefits of Installment Loans
Enjoy the following advantages when taking out an installment loan at 1F Cash Advance:
Predictable Monthly Payments
Your loan payments are fixed, just like your interest rate. You will always know how much you need to pay each month, making it easier to budget.
Extended Repayment Terms
Our installment loans offer more control over the way you borrow money. You can choose a convenient repayment period of up to 24 months that balances both your monthly payment and the total cost.
Higher Loan Amounts
Installment loan amounts suit best for large purchases, big life projects, and long-term needs. You can borrow up to $5,000 based on your income.
Options for Any Credit Type
We assess your income, payment history, and the overall financial situation, when deciding on whether to approve you. This makes it possible to qualify for borrowers with bad or no credit.
Find Our Loans Near You
1F Cash Advance is available nationwide! Select your state to find out the amounts and terms we can offer.
Prefer to apply in person? Check the states we operate in and visit us during business hours. Outside of those hours, feel free to apply online anytime, 24/7, 7 days a week, 365 days a year.
Can I Get an Installment Loan with Bad Credit?
Sure! 1F Cash Advance knows that bad credit comes with financial implications and strives to help borrowers overcome them. We don’t prioritize your credit score and are more focused on your income and ability to repay. Each situation is unique, so we use a complex and personalized approach when deciding whether to approve your application.
Types of Installment Loans
Installment loans can be of various types, with each of them carrying different interest rates, repayment terms, loan purposes, and eligibility requirements. Here are some of the most common products available.
Personal Loans
A personal loan is a long-term borrowing option that can be used for various personal needs, from covering medical bills to financing a vacation or home improvement project. You can borrow up to $50,000. The repayment needs to be made in a series of equal monthly installments within up to 84 months. Interest rates are fixed and can reach 35.99%, giving borrowers a sense of predictability. Good credit is typically needed to qualify.
Student Loans
Student loans are financing products used to pay for education-related expenses. There are two types of student loans: federal and private. Federal loans are backed by the government. They are divided into direct subsidized, direct unsubsidized, and direct PLUS loans. The eligibility is determined based on your FAFSA application. Private loans are usually used when a student can’t qualify for federal aid or has already maxed out its limits. They are offered by private lenders based on a borrower’s income and creditworthiness.
Auto Loans
An auto loan is a type of borrowing people take out to purchase a new or used vehicle. These loans are secured, meaning that the car itself serves as collateral and can be repossessed if you default. Some auto loans, especially options for bad credit, may require a down payment, while others can provide financing for a full vehicle cost. The repayment period is typically up to 84 months. Interest rates and monthly payments are fixed and don’t change over the loan life.
Mortgages
A mortgage is a type of installment loan designed specifically for property purchase. Most mortgages have long repayment terms, which are between 15 and 30 years. Interest rates may be both fixed and variable. To qualify, you typically need to have good credit, a stable income, and years of verifiable employment history. Additionally, you will need to provide a down payment. However, there are some mortgage options available to bad credit borrowers. They include FHA loans and VA loans.
Bad Credit Installment Loans
Bad credit installment loans are small personal loans available to people with credit issues. Most of them are offered online through alternative lenders who use third party data rather than a hard credit check to assess a borrower’s creditworthiness. These loans usually have lower borrowing limits compared to regular personal loans. They also come with high APRs that can reach 200%. Still, bad credit loans provide quick financing with fewer requirements, allowing people with any credit access the needed funds within 1 business day.
Why 1F Cash Advance
1F Cash Advance is a licensed loan company that operates nationwide and strictly follows federal and state laws and regulations. Here’s what we offer:
5-minute application
It only takes a few minutes to apply for our installment loans. The procedure is fast, straightforward, and hassle-free.
Risk-free borrowing process
Applying for a loan with us doesn’t affect your FICO rating or oblige you to accept any offers. You can assess our upfront terms before deciding whether to deal with us.
No hidden fees
All the costs associated with your loan will be clearly outlined on the loan disclosure. No hidden charges, balloon payments, or other unexpected surprises.
FAQ
Do installment loans affect my credit score?
Installment loans from 1F Cash Advance have no impact on your FICO rating as long as you pay on time. We only run a soft credit check to evaluate your overall financial state. Still, conventional installment loans can affect your credit due to a hard credit check involved.
What's the difference between a payday loan and an installment loan?
A payday loan is a loan with a single repayment due by your next paycheck. It offers lower loan amounts and often comes with high flat fees. An installment loan is a long-term debt that allows you to get a larger sum and repay it over several months or years in scheduled payments.
Can I pay off my loan early?
Early repayment may be possible with no penalties. However, you should review your loan agreement first, as specific terms and state regulations may apply.
How many installment loans can I have?
There are no set rules regarding how many installment loans you are allowed to have at a time. You can qualify for another installment loan as long as you meet the lender's requirements and have sufficient income to fulfill all your debt payment obligations. However, many lenders only give one loan to a single borrower simultaneously to minimize risks.
How soon will I receive my loan?
Loans from 1F Cash Advance are typically transferred on the same day of approval. The exact time the money will reach your account depends on when you apply and your bank cut-off times. If you finalize your loan before 10:30 am local time on a working day, you can get the money on the same day. Otherwise, the funds will be deposited in your account on the next working day.
Where to get an installment loan?
Installment loans are available from banks, credit unions, and online lenders. If you need money quickly and with less strict requirements, online lenders are the best options. 1F Cash Advance allows you to apply for an installment loan via the website, over the phone, or in one of our stores. Fill out an application form on the website, call us at (720) 428-2247, or find a location near you and complete the process in person.
Should I apply for a loan online or in a store?
It depends on your current situation. An online application suits people with busy schedules who are not new to borrowing and want to complete the entire process remotely. In-store application may be a better option for first-time borrowers, individuals with unusual situations, or those who prefer more personalized assistance.