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Installment loans allow you to borrow money and pay it off in fixed payments over several weeks, months, or years. You’ll know exactly how much you owe monthly with installment loans, making them more manageable. Thanks to options like installment loans for bad credit, you can access the funding you need even with low or non-existent credit scores. If you’re wondering where to find the best installment loans online, our editor’s top pick of loan providers may help.
Loan providers make accessing direct lenders with different online installment loans less challenging. These include online installment loans instant approval alternatives, guaranteed installment loans for bad credit alternatives, and bad credit installment loans. With the help of the loan providers in this overview, you can apply for different personal installment loans from lenders likely to approve your application. Read on to discover what they offer, the eligibility criteria, the pros and cons, and how to apply through a few simple steps.
Best Installment Loans For Bad Credit 2024 ✅
- Viva Payday Loans: Best for Installment Loans for Bad Credit Borrowers Needing Quick Cash
- Big Buck Loans: Top Choice for Installment Loans Online for Low-Income Earners
- Heart Paydays: Leading Online Installment Loans Provider for Unemployed Individuals
- Low Credit Finance: Best for Online Installment Loans Instant Approval Alternatives
- Fund Finance: Top Pick for Alternatives to Guaranteed Installment Loans for Bad Credit up to $50K
Installment Loans For Bad Credit No Denial Guaranteed Approval From Direct Lenders ✅ Full Reviews
Viva Payday Loans: Best for Installment Loans for Bad Credit Borrowers Needing Quick Cash
Viva Payday Loans features a convenient online process that gives you free access to direct lenders offering installment loans for bad credit borrowers. You can borrow from $100 to $5,000, get a quick disbursement, and repay in 3 to 24 months.
Eligibility Criteria for Installment Loans for Bad Credit Borrowers
- At least 18 years of age
- US citizen/resident
- Proof of steady income
Pros
- Convenient online process
- Borrow money with bad credit
- Quick disbursement
Cons
- APR from 5.99% to 35.99%
Big Buck Loans: Top Choice for Installment Loans Online for Low-Income Earners
With Big Buck Loans, you get a hassle-free online process that matches you to direct lenders offering installment loans online for low-income earners. You can borrow affordable amounts from $100 to $5,000 and make easy repayments in 3 to 24 months.
Eligibility Criteria for Installment Loans Online
- Minimum age of 18 years
- Proof of ID and address
- Legal US citizen/resident
Pros
- Hassle-free online process
- Affordable amounts
- Easy repayments
Cons
- APRs can reach 35.99%
Heart Paydays: Leading Online Installment Loans Provider for Unemployed Individuals
If you’re tired of getting rejected for not having a payslip, check out Heart Paydays. It features a streamlined process that connects you to inclusive lenders who offer up to $5,000 with swift payouts and flexible repayment terms from 3 to 24 months.
Eligibility Criteria for Online Installment Loans
- 18+ years of age
- Government-issued ID
- Stable income
Pros
- Borrow money without a payslip
- Inclusive lenders
- Flexible repayment terms
Cons
- High APRs.
Low Credit Finance: Best for Online Installment Loans Instant Approval Alternatives
With Low Credit Finance, you can say goodbye to lengthy and tedious loan processes. The platform allows you to apply in minutes and access direct lenders with 2-minute approvals and quick disbursements of small to medium-sized amounts from $100 to $5,000.
Eligibility Criteria for Online Installment Loans Instant Approval Alternatives
- Legal adult above 18 years
- A valid form of ID
- Proof of stable income
Pros
- Apply in minutes
- 2-minute approval
- Small to medium-sized amounts
Cons
- 5.99% to 35.99% APR
Fund Finance: Top Pick for Alternatives to Guaranteed Installment Loans for Bad Credit up to $50K
If you want to borrow high loan amounts without worrying about your credit score, Fund Finance is your best bet. You can apply from anywhere and borrow up to $50,000 from direct lenders who consider all credit scores and offer extended repayments of 10+ years.
Criteria for Alternatives to Guaranteed Installment Loans for Bad Credit
- 18 years and above
- Pass the affordability criteria
- US citizenship/residency
Pros
- High loan amounts
- Apply from anywhere
- Lenders consider all credit scores
Cons
- Costly APRs
What Are Bad Credit Installment Loans
Bad credit installment loans are personal loans that allow you to access a lump sum sent directly into your account after finalizing the loan process. You can borrow the amount you need, use it however you like, and pay it off over a few months or years through fixed payments that don’t change over the loan period.
To apply for bad credit installment loans, capture your details to help lenders verify that you qualify for the amount you want. Most lenders consider more than your credit score and focus on your income and whether or not you can afford to repay the amount you borrow.
Types of Personal Installment Loans
Installment Loans Bad Credit Borrowers Can Apply For
Installment loans bad credit borrowers can apply for are suitable if you have a low or non-existent credit score. You can borrow up to $5,000 regardless of credit score and repay in affordable installments over 3 to 24 months.
Best Installment Loans for Freelancers and Self-Employed
The best installment loans for freelancers and self-employed borrowers are suitable if you don’t have a formal job but have an alternate income source and can afford loan repayments. Instead of a payslip, lenders accept other proof of income, like bank statements.
Installment Loans No Credit Check Alternatives for Low Earners
Installment loans no credit check alternatives for low earners are suitable if you have bad credit and a low income. They feature affordable amounts and flexible terms that make it easy to repay.
No Credit Check Installment Loans Alternatives for Students
No credit installment loans alternatives for students are suitable if you don’t have a credit score and need a few bucks for school supplies or something more substantial for tuition.
What Are Installment Loans Application Steps?
Step 1: Choose the Online Installment Loans No Credit Check Alternatives Amount Required
Start by selecting a suitable amount from $100 to $5,000 and how long you need to repay, from 3 to 24 months.
Step 2: Complete the Online Payday Installment Loans Application Form Online
Accurately fill in the online application form with your personal, employment, income, and monthly expenditure details and hit the submit button.
Step 3: Wait 2 Minutes for Feedback
Within 2 minutes of submitting the completed application form, you’ll receive feedback on whether or not you qualify. Once approved, a suitable lender will send you a loan contract. Ensure you read it carefully, then sign and return it.
Step 4: Receive a Payout
The lender will send the approved loan amount directly into your account as soon as possible.
How We Selected Top Unsecured Installment Loans with No Credit Check Providers
- Free access to direct lenders offering flexible loan amounts and repayment terms
- Easy eligibility criteria
- Inclusive lending for bad credit and unemployed borrowers
- 100% online loan processes.
FAQs
How Will I Repay Speedy Cash Installment Loans?
Most lenders work with you to set up an automatic debit on your account once you complete the loan process and sign the agreement. It will deduct the due amount once your salary or income enters the account, and this can be weekly, fortnightly, or monthly, depending on your preferences or when you get paid.
How Do Lenders Approve Installment Loans Online No Credit Check Alternatives?
Lenders approve installment loans online no credit check alternatives by focusing on your affordability instead of your credit score. Such affordability is determined by comparing your income with your monthly expenditure and calculating how much you have left over for repayments.
How Can I Improve My Approval Chances for Installment Loans for Bad Credit?
You can increase your approval chances for installment loans for bad credit by providing accurate information in your application and borrowing an amount you can comfortably repay. You can also take various actions before applying, like reducing your monthly outgoings, increasing your income, or improving your credit score.
What APR Will I Get with Installment Loans Online?
You can expect an APR from 5.99% to 35.99% when you apply through any of the above platforms. Your APR will depend on the lender, credit score, loan amount, and term.
Who Do I Contact with Questions About My Online Installment Loans Contract?
The deal you make is between you and the lender, so you must contact them directly if you have any questions about your loan contract. You’ll only get connected to reputable and transparent lenders with readily available contact information. Your lender will inform you of the easiest and fastest way to contact them when finalizing the deal.
Disclaimer: 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 US residents only.
Content oversight and quality assurance provided by Prairie Mountain Media. Prairie Mountain Media advertising leadership oversees sponsored, native, and paid content on this platform, ensuring its quality, relevance, and helpfulness for our audience. Articles attributed to this byline are authored by paying advertisers. The editorial team did not contribute to these pieces, and the opinions expressed do not necessarily represent those of the editorial staff. Refer to our partner statement to better understand the nature of the relationship. The sponsor retains responsibility for the content and holds the copyright to their material.
