Check your eligibility for online installment loans with no impact to your FICO® score
When you need fast cash to cover bills or an emergency consider applying for online installment loans.
Installment loans are not payday loans. Online installment loans offer benefits far greater than payday loans because you can borrow a higher amount of money and have the convenience of repaying the loan over several months or years.
Money can be deposited the next business day without you ever having to leave your home.
Benefits of Online Installment Loans
- Installment loans can be used for a variety of needs. Get cash for any reason. Borrowers can use installment loans for big-ticket items such as car or home repairs, debt consolidation, emergencies, vacations, weddings, appliance purchases and much more. They are a good option when you need extra cash. Getting an installment gives you more flexibility since it can be used for any purpose and repaid over several months or years.
- Installment loans offer repayment flexibility. Online installment loans give you the option of repaying your loan over several years while maintaining the option of paying the loan in full with no pre-payment penalties. Choose to spread out payments so that each payment is manageable, convenient and affordable.
- Installment loans are a better option than payday or title loans. Online installment loans always offer a better deal than payday or title loans. It’s well known that payday loans charge high interest rates and typically offer low loan amounts. Title loans are typically expensive and many borrowers end up rolling over their title loan month after month. Plus, they are risky because you can potentially lose your car if you default.
4 Options for Online Installment Loans
If you need to borrow fast cash in California, you don’t have to leave your home to find an installment loan, there are several direct online lenders that offer loans for good credit, fair credit, as well as bad credit. Online installment loans are generally the safest and most responsible way to borrow money.
1. OppLoans – Bad credit or fair credit
OppLoans offers online installment loans for all credit types, including bad credit installment loans. Loan amounts range from $500 to $4,000 and can be funded as soon as 24 hours (the next business day). OppLoans has an A+ rating from the Better Business Bureau. It’s easy to apply and once approved, you typically receive your money as soon as the tomorrow. Plus, checking your rate will not negatively impact your credit scores.
Loan Details
- Loan amounts range from $500 to $4,000.
- No prepayment penalties – Repay your loan early and save money in interest.
- Loan terms up to 36 months.
- 350 minimum score required.
- Payments reported to credit bureaus.
2. Check Into Cash – Bad credit or fair credit
Check Into Cash Installment Loans range from $2,500-$3,000. Get the cash you need for any expense. Online installment loans with Check Into Cash serve as an alternative to payday loans. You get the freedom to repay over time. Whether you’re faced with urgent expenses or you need help consolidating existing debt, an installment loan is a safe and convenient way to get extra cash.
- Loan amounts range from $2,500 to $3,000.
- No prepayment penalties – Repay your loan early and save money in interest.
- Get Approved in Minutes.
- 350 minimum score required.
- A minimum gross monthly income of $3,500 or more is required..
3. LendingPoint Loans – Fair credit or good credit
LendingPoint offers online loans from $2,000 to $25,000. All loans have a fixed interest rate with a fixed monthly payment. Borrowers should have at least a 600 credit score. To qualify for a personal loan from LendingPoint, you must have a credit score of 600, no bankruptcies, charge-offs or liens in the past 12 months. You should have a minimum yearly income of $20,000 and be employed for at least one year.
Loan Details
- Rates range from 15.49 to 35.99 percent APR, depending on credit score.
- Loan terms from 24 months to 48 months.
- Get a decision in seconds – with no negative impact to your credit score.
- LendingPoint Fees: Loan Origination Fee ranges from 0% – 6%.
- No Prepayment Fee.
- Get a personal loan for any reason.
- Funds are deposited directly to your checking account as soon as the next business day.
4. SoFi – Good credit or excellent credit
SoFi provides an online loan marketplace to make shopping around for the best loan offer more convenient. The company doesn’t do any lending itself. Instead, it helps you compare lenders and rates for installment loans. You don’t have to pay to use it. You can borrow up to $100,000 on the Credible lending platform. Borrowers must be 18 or older, U.S. citizens or permanent residents with a valid Social Security number, have a steady income, and have a good credit history.
Loan Details
- Rates range from 4.99 – 35.99 percent APR, depending on credit score.
- Loan terms from 24 months to 84 months.
- Have a credit score of at least 680.
- Loan amounts from $1,000 to $100,000.
- Prequalified rates in 2 minutes.
- Loan origination fee: Varies
- Get a personal loan for any reason.
- Funds are deposited directly to your checking account as soon as one day.
5. Credible – Good credit or excellent credit
Credible provides an online loan marketplace to make shopping around for the best loan offer more convenient. The company doesn’t do any lending itself. Instead, it helps you compare lenders and rates for installment loans. You don’t have to pay to use it. You can borrow up to $100,000 on the Credible lending platform. Borrowers must be 18 or older, U.S. citizens or permanent residents with a valid Social Security number, have a steady income, and have a good credit history.
Loan Details
- Rates range from 4.99 – 35.99 percent APR, depending on credit score.
- Loan terms from 24 months to 84 months.
- Have a credit score of at least 680.
- Loan amounts from $1,000 to $100,000.
- Prequalified rates in 2 minutes.
- Loan origination fee: Varies
- Get a personal loan for any reason.
- Funds are deposited directly to your checking account as soon as one day.
Online installment loans offer easy money.
Online installment loans offer an easy application process that gives you access to cash when you need it quick. Once the application is completed you’ll get the best personal loan offer available based on your unique situation. Customers will typically receive funds by the next business day.
The major benefit with online installment loans is that you can get more money than other types of short-term loans. You can also pay it back over a longer period of time. Set up convenient monthly payments over a term of months or years. Plus there is no penalty for early payment.
