Installment Loans up to $5,000
100% Online Loans You Can Pay Back Monthly
- Bad Credit OK
- No Hard Credit Checks
- Same Day Deposit
- Quick & Fast Cash
- Legit Direct Lenders
- Immediate Loan Approval
When you need emergency cash fast and don’t want to repay it at once, consider installment loans with monthly payments. Access the money and cover your unplanned expenses right away. Apply online for guaranteed installment loans and get up to $5,000 with a flexible repayment plan.
What Are Installment Loans?
Installment loans are short-term loans you can pay back monthly payments. Borrowers may get from $1,000 up to $5,000 with flexible terms from 2 to 24 months. Each month you pay the same amount of money, and it doesn’t affect your budget. You don’t have to pay it at once thanks to flexible payments.
Borrowers with a poor credit history are also welcome to apply for installment cash loans. No credit background isn’t an obstacle anymore to get emergency funds for saving the budget. Our network of trusted direct lenders fully understands it and has a high approval rate for all applications.
When Might You Need an Installment Loans?
Consumers might need installment cash loans when having unexpected expenses like medical bills, car repairs, or urgent house renovations. Also, they can cover credit card debts with personal installment loans. It allows them to save their monthly budget without getting into debt circles.
If you have one of these financial needs, consider applying for easy installment loans and forget about problems with money. 1FirstCashAdvance is here to help you in this matter.
Guaranteed Installment Loans – Is It Possible?
The word “guaranteed” might confuse you when applying for any type of loan. As regular, direct lenders can’t guarantee you instant approval of your loan application. But they have a high approval rate which is good news. You’ll get a loan decision within 5 minutes once you’ve submitted the request form.
If you qualified for all eligibility criteria, the chances of getting emergency funds would grow bigger. So, make sure you got all the needed information about requirements from your lender.
How Do Online Installment Cash Loans Work?
They work the same as regular cash advances. You apply online on our website by filling the application form with valid information about yourself. Once you’ve submitted the request form, we will send it to our network of trusted lending partners. They will review your details, and you’ll receive an instant loan decision from one lender via email. If approved, read the loan agreement attentively and find out all about your loan terms and conditions. If everything is ok, both you and the direct lender will sign the contract online. Once you do it, the lending service will transfer your funds on the next working day.
We assure you that the process of getting online installment loans is 100% safe for all borrowers. Don’t worry about the safety of your information because there are no third parties involved. We value the security of our borrowers, which is why our lending partners follow all the needed regulations regarding safety.
What Are the Eligibility Criteria for Installment Loans?
Getting online cash loans with monthly installments will make you meet some requirements set by direct loan providers. As they are basic, almost all borrowers will qualify for taking loans with monthly payments.
If you consider applying for this type of loans, learn about the following list of two “must-be” and 3 “must-haves”:
- Be 18 years old (or older).
- Be a US citizen.
- Have a steady income.
- Have an active bank account.
- Have an electronic mail address and cell phone number.
Installment Loans for Bad Credit from Direct Lenders
Customers with a poor credit score can apply for online installment loans with monthly payments. No credit background is not a problem for direct lenders to provide you the money you need to cover your emergencies.
As there is a high approval rate, borrowers with low credit scores don’t have to worry about their poor history regarding loans. It is only thanks to a general check of the current financial situation of consumers. Direct lenders analyze their risk of repayment based on this easy review which doesn’t affect the FICO score. So, if you are thinking about giving up on online installment loans because of your poor credit report, stop! You have a chance to get one and forget about your financial problems.
Are Installment Loans Really with No Credit Checks?
Online lenders don’t perform hard inquiries for consumers who applied for online loans. A hard inquiry means a detailed check of credit background through those three main credit bureaus. Usually, these checks affect the FICO score of consumers who might need other loan products in the future.
To avoid an unpleasant situation, you can count on lending companies that perform only soft credit checks. It means that they review only the general information about your repayment risk. This type of credit check won’t affect your credit background, and you’ll be able to get other loans in the future.
What to Know Before Applying For an Installment Loan?
Before considering installment loans and applying for them, learn about all the essential aspects you might need to know. The first thing you should know is to find out the pros and cons of installment loans. The main pro is the speed of accessing your money, but the con is the higher interest rates compared to traditional lending institutions. The rates of these installments loans are legitimate by their speed of access. Imagine that you can pay for your emergencies on the next business day without getting in debt circles.
How to Apply for Online Installment Loans?
The application process for installment loans is easy and straightforward. There is no faxing and needless paperwork. Thanks to the era of technology, you can make it online and completely safe.
Here are the steps you need to follow for applying on your webpage:
- Go to the application form on the top right side of this page.
- Fill it in with the needed information about yourself.
- Press Get Started.
- It will take up to 5 minutes to get a response about your loan approval.
- Once you get it, sign the contract online, and it’s done!
- Access your money and spend it as you want.
Where To Get a Quick Installment Loan Near Me?
Stop your searching for financial solutions that will suit your needs. Apply now on our website! Complete the request form with your details, submit it, and we will do the rest. There is no need to worry about the safety of the process because it is online and 100% safe for simple consumers. Get the chance to solve your financial problems in no time without hassle!
Frequently Asked Questions
It depends on the cut-off times of your direct lender. If you apply in the first part of the day, the lender might approve your loan on the same day. The situation is different when you apply on the second part of the day. The lender will transfer the money on the next working day.
The best online installment loan is the one that has a reasonable interest rate that suits your budget. By applying on our platform, you’ll receive the best interest rate for your loan from our trusted network of lending partners.
Usually, lenders don’t need collateral to give you installment loans. So, most online cash loans with monthly payments are unsecured for borrowers, even with bad credit.
Personal installment loans differ from payday cash loans through their amount and repayment plan. The maximum amount you can borrow from a payday loan is $1,000 with a 30-days term. Also, payday loans are secured by your paycheck. When you get a payday cash advance, you give the lender a postdated check to deposit on your next payday, or the lender directly withdraws the money once your next paycheck hits your bank account.
You might get only an instant decision from direct lenders. Usually, they provide the loan decision within minutes after you’ve submitted the loan application. But if you want to increase your chances, make sure to meet all the mentioned eligibility criteria.