How It Works
Getting an installment loan online is easy once you know how. We aim to make the whole process as simple as possible, allowing you to complete everything online from your web browser. Whether you want to borrow a couple of hundred dollars or a larger amount, the steps are the same.
An installment loan is a personal loan which you can take out online and have funded within 1 business day. It is paid back in set installments over several months. There is no collateral.
This gives you the perfect amount of breathing room for making that large purchase up front, when you don't have the savings or pay check to do so normally.
The lenders in our network will typically issue loans up to $5,000, but the exact amount you can borrow will depend on your individual application and their current internal policies.
The loan request form
The core of our platform is the loan request form. This allows you to tap in to a network of over 100 lenders, instead of wasting time approaching different lenders individually. We take your information, pass it through the network and attempt to match you with one of these lenders. You'll know if you've been matched within just a few minutes, and if so will be transferred over to the lender to provide further details and documentation. We are not ourselves a lender, but we do make the process of taking out an installment loan fast and easy.
Once you have been matched with a lender you won't get instant approval, but it will still only take a few minutes to get a response as long as you have fully completed the application and shared all of the documentation asked for. If you have access to online statements (PDFs etc) you'll also save time by doing no faxing.
Guaranteed approval and matching is usually something only promoted by unscrupulous websites, but as long as you meet some basic requirements your application will be fairly assessed by the lender even if you have bad credit. Your income and employment status are also important factors. While we cannot promise no credit check, this will not automatically exclude you from approval.
Before you use our loan request form you must ensure that you are at least 18 years old, a legal US resident, have a stable source of income, and a basic checking account (which is where the loan will be deposited by the lender).
Terms and conditions
If one of our lenders approves your application and makes an offer, they will provide you with the full details of the loan contract. This will consist of the terms and conditions of the agreement. Here you will find the full amount that you can borrow, how long you have to pay it back and the repayment schedule, the interest rate and any fees which will be added to the total cost, and any other important details which you should be aware of.
If you don't agree with any of these terms you are free to change your mind before signing the contract. Once you sign the contract however the terms will be legally binding, and they will immediately begin the deposit process. While applying for an installment loan online will not negatively impact your overall credit rating, it will record a search and let other lenders know you have been seeking credit.
Getting the money
Once you have agreed to the terms and conditions of your loan, all that remains is for the money to be deposited into your bank account. The bank account details which you provided when you applied for the loan will be the ones which are used by the lender, and you should expect to receive the cash by the next business day.
If you applied between Monday and Thursday, you will receive the money the next day, but if you applied on Friday or at the weekend, be aware that it make take longer for the money to come through. Applications made on Friday are often processed on Monday, which means you'll have to wait until after the weekend for your cash.
Paying back the loan
You will have all the necessary details in terms of the dates you need to make repayments, and as long as you make the payments on time, your loan will be paid off by the agreed date. The payments will be made to the lender automatically from your designated bank account, so it is important to ensure the funds are there.
If you miss payments you may be subject to extra fees. Skipping on the loan altogether will result in collection proceedings being taken against you, and your credit report will also be negatively affected.
To get started simply go to the loan request form and we will attempt to match you with a lender within minutes.