Massachusetts Installment Loans
- Loans from $1K-$20K. Poor Credit OK.
- Build credit with timely payments. No prepay fees.
- State Licensed. Based in Chicago, IL. Since 2012.
Massachusetts residents can choose from 5 installment loan lenders.
Installment loans do not require good credit and, unlike traditional payday loans, are paid back over multiple pay periods. These loans are relatively expensive loans so make sure you have considered other options such as bank loans, credit cards, or friends and family before taking one.
Estimated fees and payments for Massachusetts installment lenders are provided in the table below. Many consumers prefer installment loans over payday loans because loan repayment is spread out over a longer period of time which often makes these loans cheaper than payday loans if you need multiple pay periods to repay your loan. See Payday Loans or Installment Loans for more information on comparing these two types of loans. Also you can visit Installment Loans for more general information.
Massachusetts regulation of installment loans falls into a bit of a gray area as they sometimes fall outside of the technical definition of a payday loan and more into the area of general unsecured installment loans. See Massachusetts Payday Loan Laws for additional resources or visit Massachusetts's payday loan regulator, the Massachusetts Consumer Affairs and Business Regulation for more information.
The Payday Hound reviews installment lenders and ranks them according to our Sniff Test (reputation), costs, and licensing. The list below includes both regulated banks as well as off-shore entites. Being included on our list is not an endorsement or certification. The list is a ranking and is designed to help borrowers rate and judge the quality of lenders. This means it may include lenders we believe to be honest as well as those we would deem to be predatory.