Poor cash flow can leave you feeling like you are clinging to your financial freedom with little more than your fingernails. Unfortunately, emergency expenses such as repair bills, medical bills, or even miscalculating the monthly budget can leave little financial elbow room until the next payday. Installment loans provide Americans access to fast cash even if your credit score is less than savory.
Searching for installment loans using a loan-finder site can make the process much simpler. Loan finder sites connect borrowers with lenders offering installment loans as part of their loan portfolio. We have produced a streamlined review of the US's top providers of installment loans to help you access the cash you need in half the time and with minimal fuss.
Best Installment Loans – Quick Pick
- Low Credit Finance: Overall Best for Installment Loans Online
- Viva Payday Loans: Best for Installment Loans for Bad Credit
- Big Buck Loans: Best for Fast Turnaround Online Installment Loans
- Heart Paydays: Best for Installment Loans Near Me for Unemployed Individuals
- Green Dollar Loans: Best for Same Day Processing Guaranteed Installment Loans for Bad Credit
Best Online Installment Loans For Bad Credit of 2022
#1. Low Credit Finance: Overall Best for Installment Loans Online
Installment loans online via Low Credit Finance provide borrowers with the best emergency cash solutions.
Borrowers using the Low Credit Finance platform to find suitable installment loans online will experience a smooth loan application process with efficient turnaround times and disbursement.
Eligible applicants can complete the online application with their personal details. After a short wait, provide feedback on their application for installment loans online. Should they decide to continue with the application, this is done with the lender directly, and the funds are paid into their bank account.
Installment loans via Low Credit Finance range from $100 to $5000 with flexible payment terms up to 24 months, and interest rates up to 35.99%.
Borrowers looking for a straightforward application process for installment loans online and quick disbursement can't go wrong with Low Credit Finance.
Eligibility Requirements for Installment Loans Online
- Minimum age requirement 18 years +
- Minimum income $250 per week/$1000 per month
- Valid form of ID
Pros of Installment Loans Online
- Easy application and fast disbursement
- 100% online application
- Flexible repayment terms
Cons of Installment Loans Online
- High rates of interest charged up to 35.99%.
#2. Viva Payday Loans: Best for Installment Loans for Bad Credit
Borrowers with bad or low credit scores often find getting installment loans for bad credit, like wishing on a star for extra money, pointless! Unfortunately, borrowers looking for installment loans for bad credit don't often have excellent credit ratings, which can result in copious loan rejections. However, these frustrations disappear with the many installment loans for bad credit lenders offer on the Viva Payday Loans platform.
Installment loans for bad credit via Viva Paydays come in various sizes, starting at $100 up to $5000. Interest is charged on every loan ranging between 5.99% and 35.99%, and loan repayment terms are generally between 3 and 24 months, depending on the loan value.
Eligibility Requirements for Installment Loans for Bad Credit
- Active US bank account (direct deposit compatible)
- Applicant must be 18 years/older
- Minimum income to qualify - $1000
Pros of Installment Loans for Bad Credit
- Affordable loan values with flexible payment terms
- Bad credit/low credit borrowers welcome
- Borrowers must pass an affordability assessment
Cons of Installment Loans for Bad Credit
- Not all loan applications are approved.
#3. Big Buck Loans: Fast Turnaround Online Installment Loans
Borrowers looking for fast online installment loans need look no further than Big Buck Loans. This loan finder site is known for its incredibly easy and fast application process, which takes a few minutes to complete. Borrowers are directly linked to lenders who can provide them with online installment loans; these loans are quickly and efficiently finalized with the lender.
Online installment loans provided by lenders on the Big Bucks Loans platform range in size from $100 to $5000. Each loan has an applied interest rate set by the lender between 5.99% and 35.99%, and borrowers can choose flexible repayment terms of 3 to 24 months.
Using the Big Bucks Loans loan-finding service to access online installment loans is entirely free to borrowers.
Eligibility Requirements for Fast Turnaround Online Installment Loans
Income of $1000 + per month
Applicants must be 18 years +
Pros of Fast Turnaround Online Installment Loans
Quick disbursement on loans (approved)
Free loan finding service
Fast online application process (user-friendly)
Cons of Fast Turnaround Online Installment Loans
High interest rates.
#4. Heart Paydays: Best for Installment Loans Near Me for Unemployed Individuals
While not being formally employed or self-employed has its benefits, it also means a lack of payslips. This can be particularly challenging as these are the primary requirements of traditional lenders when approving installment loans near me. However, when using the Heart Paydays loan finder site, borrowers will find it super easy to apply for installment loans near me. Lenders via the Heart Paydays platform offer borrowers an array of loan options, including installment loans near me for unemployed individuals.
Of course, these loans are also available to students, employed individuals, and those with low credit scores. If the borrower meets the loan eligibility requirements, they are welcome to apply for installment loans near me.
Borrowers searching for installment loans near me on the Heart Paydays platform will find loans starting at just $100 up to $5000 with interest rates of 5.99% to 35.99%. In addition, loans can be repaid over up to two years.
Eligibility Requirements for Installment Loans Near Me for Unemployed Individuals
- Income of $250 per week or $1000 per month
- Must pass the affordability test
- Valid ID and 18 years/older
Pros of Installment Loans Near Me for Unemployed Individuals
- Unemployed applicants/poor credit scores welcome
- Affordable loans
- Flexible repayments
Cons of Installment Loans Near Me for Unemployed Individuals
- High APR.
#5. Green Dollar Loans: Best for Same Day Processing Guaranteed Installment Loans for Bad Credit
Suppose you're in the market for guaranteed installment loans for bad credit; it's worth looking at Green Dollar Loans' offerings. The platform links borrowers to lenders offering guaranteed installment loans for bad credit with quick payouts, making them the perfect choice for those in need of cash in a hurry!
Green Dollar is also known for its fast rates of disbursement and lenders on the panel are responsible and transparent. In addition, they also provide borrowers with the option to pay by direct debit, which can be set to match their income frequency (weekly, fortnightly, or monthly). This also ensures borrowers never miss a payment and don't incur penalty fees.
Green Dollar Loans’ reputation precedes itself; the platform is well known for its user-friendly online application process and straightforward loan criteria. Lenders via the Green Dollar Loans platform offer borrowers searching for guaranteed installment loans for bad credit affordable loans of $100 to $5000 with flexible repayment terms and comparable interest rates ranging between 5.99% and 35.99%.
Eligibility Requirements for Same Day Processing Guaranteed Installment Loans for Bad Credit
- 18 years +
- USA citizen/legal resident
- Income of $1000 per month
Pros of Same Day Processing Guaranteed Installment Loans for Bad Credit
- Fast payments
- Payments managed by direct debit
- Flexible amounts and terms
Cons of Same Day Processing Guaranteed Installment Loans for Bad Credit
- High APRs.
What Are Online Installment Loans Instant Approval and How Do They Work?
Online installment loans instant approval are cash values paid to approved borrowers. Online installment loans instant approval provides borrowers with the financial elbow room they need when unexpected expenses occur. Applications for online installment loans instant approval attract interest charges which are repaid on top of the loan value.
When applying for guaranteed installment loans for bad credit direct lenders only, borrowers must ensure they meet eligibility requirements before. Primarily borrowers must be 18 years old or older, earn a minimum income of $1000 and be legally resident in the US.
How to Apply for Guaranteed Installment Loans for Bad Credit No Credit Check
Applying for guaranteed installment loans for bad credit no credit check via Low Credit Finance is a simple and smooth process as follows.
Step 1: Choose Your Required No Credit Check Installment Loans Amount & Term
Applicants can start the loan application process by choosing the loan value and repayment period that suits their budget. For example, no credit check installment loans range between $100 and $5000 with easy repayment terms of 3 to 24 months.
Step 2: Complete the Application Form for Direct Lender Online Installment Loans Instant Approval
The next step to obtaining your direct lender online installment loans instant approval is to complete the online form. This includes your name, address, banking information, and a list of your monthly expenses.
Step 3: Wait Just Two Minutes for Decisions on Bad Credit Installment Loans
Waiting for feedback on applications for bad credit installment loans takes just two minutes. After which, you will be advised if you can be assisted or not.
Step 4: Receive Your Personal Installment Loans Funds
If you proceed with your application for personal installment loans, this will be done directly with the lender, who will send you the contract to review and sign. Upon receipt of your signed agreement, the lender will endeavor to make a speedy payment.
Installment Loans No Credit Check – Features & Factors to Consider
Borrowers searching for installment loans no credit check should familiarize themselves with several features and factors.
Interest Charged on Installment Loans No Credit Check
All installment loans no credit check attract interest charges; these can be quite high depending on the lender. Typical rates of interest seen with this type of loan range between 5.99% and 35.99%
Amounts Available for Instant Funding Installment Loans
Instant funding installment loans come in various sizes, from $100 to $5000; this makes them affordable and easier to repay.
Repayment Options on Loans, Including Tribal Installment Loans Direct Lenders No Credit Check
Repayment options on tribal installment loans direct lenders no credit check are easy to manage, ranging from 3 to 24 months. Borrowers can choose a payment frequency to match their income and pay weekly, fortnightly, or monthly.
Reputation of Lenders Providing Installment Loans Bad Credit
Lenders on loan finding sites mentioned in this review offering installment loans bad credit, are honest, reputable, and accredited. Borrowers won't have to struggle with confusing industry jargon or hidden fees.
How Did We Choose the Best Providers of Installment Loans Bad Credit?
When choosing our list of best providers of installment loans bad credit we used the below criteria:
- Affordable loan values
- Easy repayment terms
- Fast disbursements
- Easy application process
- Interest of 5.99% - 35.99%
It's fairly evident that using a loan finder site to source the best installment loans saves time and provides positive loan results, especially for borrowers using the Low Credit Finance platform. But, of course, all the loan finder sites mentioned here offer borrowers convenient online applications and fast connections to potential lenders, which means they can't go wrong no matter which one they choose.
What Is a Personal Installment Loan?
Personal installment loans are cash lump sums paid to borrowers who meet the loan's eligibility criteria. These loans have interest applied on top of the loan value that the lender sets. The loan amount and interest are repaid in fixed amounts called installments according to an agreed repayment schedule.
Does a Personal Installment Loan Require a Credit Check?
Yes. According to US law, all lenders must conduct a credit check on their borrowers. However, a poor credit score does not always result in a loan rejection as lenders look at additional criteria, such as affordability, when reviewing the loan application.
Do I Need Collateral for An Installment Loan?
No, unlike secured loans, installment loans do not require collateral to obtain the loan. So long as the borrower meets the eligibility criteria and can prove they can afford the loan, lenders will consider the loan application and, in most cases, approve their 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.