Sudden expenses, medical emergencies, and must-have purchases have a way of creeping up on the average person. And when these costs make an appearance, it’s installment loans that save the day. Installment loans are the go-to for millions of Americans who don’t want to approach family and friends for a financial hand-out and don’t want to face the possible rejection or red tape of applying with the local bank.
Installment loans are readily available via various online platforms. We’ve found five loan-finder sites that caught our eye for several reasons. Each is presented below.
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When searching for the best installment loans online, Low Credit Finance outshines the rest. While researching the platform, we couldn’t help but notice just how quick and easy the platform’s online application is for installment loans online.
Applying for installment loans online takes just a few moments with the Low Credit Finance team. Borrowers select the loan amount and term required and fill out the application form with their particulars to kickstart the process. Installment loans online via the Low Credit Finance platform range from $100 to $5000 and come with flexible repayment terms of 3 to 24 months. In addition, direct debits are conveniently set up by the lender so that the repayments can automatically be paid weekly, fortnightly, or monthly.
Another great perk of using Low Credit Finance as your official loan-finder is that the lenders on the platform’s panel are well-known for speedy loan processing. Applying for installment loans online takes just a few moments. Application feedback is provided within 2 minutes; if approved, you can expect the cash to be paid into your account within 15 to 60 minutes.
Eligibility Requirements for Installment Loans Online
Pros of Installment Loans Online
Cons of Installment Loans Online
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A bad credit score can seem like a curse, especially when you need a financial helping hand and the bank, along with other financial institutions, simply turn you down. Installment loans for bad credit have become easier to get over the past few years, with loan-finders such as Viva Payday Loans connecting borrowers with lenders most likely to assist them.
Viva Payday Loans has a reputation for connecting borrowers with some of the best installment loans for bad credit on the market. Applicants must be at least 18 years old and prove the loan’s affordability. Affordability is usually determined by the lender comparing the applicant’s income vs. monthly expenses.
Applicants for installment loans for bad credit can access loans of $100 to $5000 and get between 3 and 24 months to pay (depending on how much you borrow), and with interest of between 5.99% and 35.99%. You also don’t need to have a formal job to qualify for a loan. You must, however, prove that you’ve been earning $1000 or more over the last 3 months. Approved loans via the Viva Payday Loans site are typically paid out within 60 minutes (or, at the most, 24 hours).
Eligibility Requirements for Installment Loans for Bad Credit
Pros of Installment Loans for Bad Credit
Cons of Installment Loans for Bad Credit
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Many borrowers loathe the waiting that’s often involved in the application process for loans online. Nowadays, with online installment loans made available via Bick Buck Loans, there’s every reason to believe that you can apply for and get a loan with a literal click of a button.
Online installment loans via Big Buck Loans range from a mere $100 to $5000. Smaller loans can be paid over the short term – around 3 months. Larger loans come with up to 24 months to pay, depending on the loan amount. Interest, we noticed, is pretty standard at around 5.99% to 35.99%.
While on the Big Buck Loans platform, you will notice a conveniently placed application form. Fill out the form, wait for feedback (which takes two minutes) and decide whether you’ll go ahead with finalizing the online installment loans offer directly with the lender. If you go ahead, you’ll be required to sign a loan contract stipulating the terms of your agreement. Once the agreement is signed, the cash can be sent to your bank account within 60 minutes!
As there are only reputable and transparent lenders on the Big Buck Loans panel, you can have peace of mind that you’re dealing with reliable lenders.
Eligibility Requirements for Online Installment Loans
Pros of Online Installment Loans
Cons of Installment Loans
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Heart Paydays is a loan-finder platform that’s been particularly appreciated by those who are not formally employed. Being unemployed doesn’t mean that you’re not allowed access to online installment loans near me. Of course, there are terms and conditions attached! If you don’t have a formal job but still earn the minimum requirement each month ($1000), you are eligible to apply for online installment loans near me via the Heart Paydays website.
Here you will find that online installment loans near me start from as little as just $100 for those who need just a few hundred bucks. For those who need a little more, there are loan options ranging up to $5000. You can pay your loan back over a couple of weeks (on your next payday) or within 3 to 24 months if you take a higher loan amount. On the matter of proving your income, you can use your bank statements or tax returns (or both).
Interest is unfortunately still applied to Heart Paydays’ online installment loans near me, and is typically between 5.99% to 35.99%, depending on the lender, the amount requested, and how long you require to repay the loan. Of course, the online installment loans near me are readily available to those with a formal job, too, and are paid out on the same day of approval.
Eligibility Requirements for Online Installment Loans Near Me
Pros of Online Installment Loans Near Me
Cons of Online Installment Loans Near Me
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Having no credit or having a bad credit score can be quite a challenging thing, especially when looking for finance in a hurry. The good news is that loan-finders such as Green Dollar Loans offer guaranteed installment loans for bad credit, making it easy for even no-credit or bad-credit borrowers to get the cash they need with minimal red tape involved.
Both good and bad credit borrowers can apply for guaranteed installment loans for bad credit quickly and easily via the Green Dollar Loans platform. A simple application form is completed along with the submission of supporting documents (proof of address, proof of income, ID). And as an applicant, you’ll have access to guaranteed installment loans for bad credit that range from $100 to $5000 with 3 to 24 months to pay. Interest is typically high on guaranteed installment loans for bad credit, but not usually higher than 35.99%.
A fantastic perk of choosing Green Dollar Loans as your loan-finder is that the application process is completed in a few minutes and if approved, you can expect the money in your bank account on the same day, usually within 1 hour. This means that guaranteed installment loans for bad credit available via Green Dollar Loans are one of the quickest ways for no-credit and low-credit borrowers to get their hands on emergency cash when they need it.
Eligibility Requirements for Guaranteed Installment Loans for Bad Credit
Pros of Guaranteed Installment Loans for Bad Credit
Cons of Guaranteed Installment Loans for Bad Credit
Online installment loans instant approval are low-amount lump sums approved and paid out to applicants who have bad credit. These loans are also available to applicants with excellent credit but who want to get cash in a hurry, without dealing with the red tape of the local bank. Online installment loans instant approval can range up to $5000, and when granted, interest between 5.99% and 35.99% is added to the loan. The loan amount is paid back in monthly installments consisting of a portion of the loan principal plus interest. Most of these loans are paid over 3 to 24 months.
You will find applying for guaranteed installment loans for bad credit direct lenders only quite simple when you use one of the aforementioned loan-finder sites and follow these four steps, which are similar on each of the sites mentioned:
To get the process started, applicants need to action the guaranteed installment loans for bad credit direct lenders only process by selecting how much they require and how long is needed to settle the amount. In general, loans available range from $100 to $5000 with 3 to 24 months to pay.
To progress your application process, access the form for guaranteed installment loans for bad credit no credit check (usually at the top right-hand side of the screen). Click on the form, complete it with your details, and submit it. The lender requires these details, so ensure you're as accurate as possible and don't skimp on the details.
It doesn’t take long to get feedback on your no credit check installment loans application. In fact, it only takes a few minutes. And if you want to go ahead, you will need to complete the process with the lender directly. During this stage, the lender will develop the terms and conditions of your loan and draw up a contract.
Of course, you want your no credit check installment loans amount paid out quickly! And that can be done if your loan agreement is promptly signed and returned. That said, it is imperative that you read through the terms and conditions of your agreement and fully understand what you are signing.
While there are direct lender online installment loans instant approval readily available online, you need to consider how much is available to you and how much you can realistically afford to repay. Don't apply for a loan amount higher than what you need, as it will only contribute to discomfort in your budget.
Borrowers often choose lenders based on how quickly they approve and payout loans. When using a loan-finder to access bad credit installment loans, you’re guaranteed a speedy process and payout. Most lenders aim to payout on the same day with 15 to 60-minute waiting periods expected on approved loans.
Interest is something to pay attention to when hunting the market for the best bad credit installment loans online. Interest typically ranges from $100 to $5000 with 3 to 24 months to pay.
We looked for several things when selecting our top pick of the best personal installment loans. We specifically chose loan-finders offering:
With these five loan-finders in mind, we strongly believe that they provide a valuable service for those seeking out affordable, convenient installment loans no credit check online. While Low Credit Finance stands out as our #1 pick of providers of instant funding installment loans, we still recommend the services offered by Viva Payday Loans, Big Buck Loans, Heart Paydays, and Green Dollar Loans. If you want to cut back on time and ensure that you’re only approaching lenders that are likely to assist you with securing instant funding installment loans, using a loan-finder is certainly the way to go.
Yes, there are plenty of no credit check personal installment loans readily available via Low Credit Finance and similar loan-finder sites as reviewed by us. While lenders may still carry out a credit check on borrowers, it can be overlooked, and the finance is still provided if the borrower meets other mitigating criteria.
It’s interesting to note that most people have many personal installment loans in place without even realizing it. That’s because loans like mobile phone finance, vehicle finance, and mortgages are all personal installment loans. That said, providers of short-term instant funding installment loans won’t often grant more than one loan at a time. This is more so the case if you’re only applying for additional instant funding installment loans because you were initially unable to get approval for the amount you initially requested.
No loans can be truly instant because there are checks done and processing time required. They can, however, be very close to instant. Realistically speaking, instant funding installment loans typically take a few minutes to process and approve and 60 minutes to pay out.
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 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.