Installment Loans Online — Fixed Payments, Bad Credit OK
Unlike payday loans, online installment loans spread repayment over multiple months with fixed, predictable payments. Borrow $100–$5,000, get an instant decision, and receive same-day funding — all credit types accepted.
Apply in 5 Minutes
256-SSLLoan Amount
$100 – $5,000
Repayment Terms
3–24 Months
Credit Check
Soft Pre-Qual
Decision
Instant 60 Sec
Why Choose PrimeLendings?
Fixed Monthly Payments
Unlike payday loans, installment loans are repaid in equal monthly installments. Your payment amount is locked in — no payment surprises, no lump-sum due on payday.
Longer Repayment Terms
Choose repayment terms from 3 to 24 months. Longer terms mean smaller monthly payments — giving you breathing room in your budget.
Bad Credit Accepted (300+)
Our installment lending network accepts credit scores from 300. Income and bank account activity are the primary eligibility factors — not your credit history.
Larger Loan Amounts
Installment loans allow you to borrow more than a typical payday loan — up to $5,000 — while keeping monthly payments manageable.
Can Help Build Credit
Unlike payday loans, many installment lenders report payment history to credit bureaus. On-time payments can actively improve your credit score.
No Prepayment Penalty
Pay off your installment loan early at any time with no penalty. Paying early saves on interest.
How It Works — 5 Minutes to Funding
- 1Select Loan Amount and TermChoose how much you need ($100–$5,000) and your preferred repayment period (3–24 months).
- 2Complete the 5-Minute FormEnter your income, bank account info, and ZIP code. No documents to upload. Soft pull only — no score impact.
- 3Receive Your Instant DecisionOur automated system matches you with installment lenders in your state in under 60 seconds, 24/7.
- 4Review Your Installment Loan OfferSee your monthly payment, total cost, APR, and all fees before signing. No surprises.
- 5E-Sign and Receive FundingAccept digitally and receive your funds via same-day ACH direct deposit.
Installment Loans vs. Payday Loans
| Feature | Installment Loan | Payday Loan |
|---|---|---|
| Repayment | Fixed monthly payments over 3–24 months | Single lump sum on next payday (14–31 days) |
| Loan Amount | $100–$5,000 | $100–$1,500 typically |
| APR Range | 36%–299% | 200%–664% |
| Credit Building | Yes — reported to bureaus | Usually not reported |
| Best For | Larger needs, manageable payments | Small, short-term emergencies |
Who Qualifies for an Online Installment Loan?
- US resident aged 18 or older
- Active checking or savings account
- Regular income from employment, self-employment, SSI, SSDI, VA disability, or gig work
- Credit score: none required (300+ accepted)
No Credit Check Installment Loans
PrimeLendings uses only a soft inquiry — no score impact. Some lenders in our network approve based entirely on income, making them functionally no-credit-check installment loans. See our dedicated no credit check installment loans page for details.
PrimeLendings vs. Alternatives
| Feature | PrimeLendings | Banks | Storefront Lenders |
|---|---|---|---|
| Application | 5 Min Online | Days/Weeks | In-Person Visit |
| Credit Required | Multiple Profiles Considered | Good–Excellent | Varies |
| Availability | 24/7 Online | Business Hours | Business Hours |
| Funding Speed | Next Day Typical* | 3–10 Days | Walk Out With Cash |
| Pre-Qual Inquiry | Soft (matching stage) | Always Hard Pull | Varies |
| Prepayment Penalty | None | Sometimes | Sometimes |
Frequently Asked Questions
Get Matched With a Lender
Fast — Apply in 5 Minutes
One 5-minute form. Soft pre-qualification inquiry at the matching stage — participating lenders make independent funding decisions. Licensed lenders available in all 50 states.
256-bit SSL · Licensed lenders · TILA-compliant disclosures
Marketplace Disclosure: PrimeLendings is a 100% online loan marketplace, not a direct lender. We do not originate, fund, or service loans. We instantly match borrowers with licensed lenders across the US and Canada who make all independent credit and funding decisions. Loan approval, rates (5.99%–35.99% APR), and terms are determined solely by the matched lender. Submitting a request does not guarantee loan approval. Loan terms, APR, fees, and availability are set by individual lenders and vary by state. A lender may perform a hard credit inquiry before final approval, which may affect your credit score. Representative example: $500 borrowed for 14 days at a flat fee of $15 per $100 = total repayment $575 (APR 391%). Always review lender terms before signing.
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