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Installment Loan Lenders

Updated December 05, 2019

2020 Installment Loan Lender Rankings

Installment loan lenders offer quick, simple loans that do not require good credit and can put up to $10K into your bank overnight. The loan are expensive only make sense for short-term, emergency funding. We review direct lenders based their reputation (Sniff Test), costs, and loan features. Tribal lenders are identified under the descriptions as "Governing Law: Tribal."

Filter by state:
Company Name Description Rating
Check Into Cash

eligible credit type ⓘ

Visit Check Into Cash for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great
  • Loans: $100 - $25,000
  • APR: 195% - 521%
  • State Licensed Lender
Loan By Phone

eligible credit type ⓘ

Visit Loan By Phone for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great
  • Loans: $500 - $1000
  • APR: 195% - 521%
  • State Licensed Lender
OppLoans

eligible credit type ⓘ

Visit OppLoans for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $500 - $4,000
  • APR: 99% - 199%
  • State Licensed Lender
Ace Cash Express

eligible credit type ⓘ

Visit Ace Cash Express for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great
  • Loans: $100 - $2,000
  • APR: 175% - 1,029%
  • State Licensed Lender
CashNetUSA

eligible credit type ⓘ

Visit CashNetUSA for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great
  • Loans: $100 - $2,000
  • APR: 299% - 456%
  • State Licensed Lender
LendUp

eligible credit type ⓘ

Visit LendUp for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
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all
fair
good
great
  • Loans: $100 - $500
  • APR: 155% - 164%
  • State Licensed Lender
Cash 1

eligible credit type ⓘ

Visit Cash 1 for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $100 - $50,000
  • APR: 168% - 390%
  • State Licensed Lender
Cash Central

eligible credit type ⓘ

Visit Cash Central for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $100 - $5,000
  • APR: 180% - 740%
  • State Licensed Lender
RISE

eligible credit type ⓘ

Visit RISE for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $300 - $5,000
  • APR: 60% - 299%
  • State Licensed Lender
Jora

eligible credit type ⓘ

Visit Jora for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $500 to $2,600
  • APR: 170% to 349%
  • State Licensed Lender
Quik Check

eligible credit type ⓘ

Visit Quik Check for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $100 - $500
  • APR: 146% - 548%
  • State Licensed Lender
Check 'n Go

eligible credit type ⓘ

Visit Check 'n Go for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $250 to $5,000
  • APR: 314% to 662%
  • State Licensed Lender
Cash Store

eligible credit type ⓘ

Visit Cash Store for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $100 - $1000
  • APR: 313% to 780%
  • State Licensed Lender
Speedy Cash

eligible credit type ⓘ

Visit Speedy Cash for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $100 to $2,000
  • APR: 178% to 680%
  • State Licensed Lender
Blue Trust Loans

eligible credit type ⓘ

Visit Blue Trust Loans for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $100 to $2,500
  • APR: 782%
  • Tribe Based Lender
Plain Green Loans

eligible credit type ⓘ

Visit Plain Green Loans for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $1,000
  • APR: 300%
  • Tribe Based Lender
Cash Advance Now

eligible credit type ⓘ

Visit Cash Advance Now for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $300 to $1,500
  • APR: 725%
  • Tribe Based Lender
Mobiloans

eligible credit type ⓘ

Visit Mobiloans for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $10 to $2,500
  • APR: 206.14% to 442.31%
  • Tribe Based Lender
MaxLend

eligible credit type ⓘ

Visit MaxLend for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $100 to $2,500
  • APR: 782%
  • Tribe Based Lender
American Web Loan

eligible credit type ⓘ

Visit American Web Loan for product eligibility.

Our eligible credit type estimate is a general guide based on FICO® Scores:

Credit Type FICO® Score
All All Scores
Fair 620+
Good 680+
Great 720+
[close]
all
fair
good
great
  • Loans: $300 to $2,500
  • APR: None Listed
  • Tribe Based Lender

* Rates and fees vary by state. Not all lenders operate in all states. Check each lender's website for up-to-date information.

Who Are Installment Loan Lenders

Installment loan lenders offer quick, simple, unsecured loans that do not require good credit. The fees for these loans are often very high. The advantage of these loans is lenders are willing to make loans to individuals with poor credit.

Installment loan lenders make actual loans. They differ from other companies that provide matching services. These companies actually underwrite and lend money. Sites that provide matching services pass your information on to direct lenders who then make loans. One can distinguish direct lenders from matching services by looking at the fine print of most websites. Matching services will say something like, "the operator of this website is NOT A LENDER." Direct lenders will not include this disclaimer.

These loans are also referred to as online installment loan direct lenders, direct installment loan lenders, direct lenders for installment loans, and tribal lenders.

Direct Lenders Versus Matching Service

The advantage of a matching service is that only one application is required to apply to multiple lenders. This can save time but the downside is you are unable to pick the lenders to whom you are applying. This often means the lenders with whom you are matched include unlicensed lenders as well as licensed lenders. The Payday Hound generally sees nothing wrong with a matching service as it can be more convenient but we do strongly prefer licensed lenders to unlicensed lenders. This means if you use a matching service, once you are offered a loan, make sure to evaluate your lender to decide if they are licensed or not. For more information see Direct Lenders or Matching Services

Licensed Versus Unlicensed Installment Lenders

Installment loan lenders may be regulated by both federal and state laws. State licensed lenders are regulated and monitored by the state. Unlicensed lenders operate in states under the assumption they can export laws from their state or tribe (Indian Tribes are generally treated as federal entities) into other states. The Payday Hound believes licensed lenders are a safer choice for borrowers. For more information see Payday Loan Laws or Installment Loan Lenders

What Are Installment Loans

These are loans that paid back over multiple periods with a set payment amount. Lenders calculate the payment amount based on the interest rate, payment periods, and loan amount. The borrower then makes this set payment at every period. Each payment consists of interest and principal. Once the borrower has completed all payments the entire loan is paid off.

Lenders generally make two types of installment loans: secured and unsecured. Secured loans have collateral which can be seized if loans go unpaid. Secured loans are generally cheaper than unsecured loans. Unsecured loans are loans that have no collateral. Installment loan lenders offer unsecured loans based on your pay date and the amount of your paycheck. Credit history is generally not an issue meaning if an individual has bad credit they can still qualify for a loan from these lenders. In order to get a loan based on your paycheck most installment loan lenders require access to the account where you receive your paycheck so they can deduct your loan payments as soon as you are paid.

Installment loan lenders have made these loans very attractive. They are quick, simple, do not require good credit, and have lower payments than traditional payday loans. Yet, users must approach these loans with caution as the fees make them an expensive option when compared to bank loans, credit cards, or friends and family. Borrowers can often find better rates from other lenders if those options exist. Installment loans are designed for short-term, emergency funding and are best used for this purpose.

To learn more about installment loans visit Installment Loans.

Find Loan Lenders by State

Installment loan lenders are state regulated so not all lenders make loans in all states. Select your state below to find lenders available in your state.