One fixed payment a month. No surprises.
Borrow $500 to $5,000 and repay in equal monthly payments over 3 to 24 months at a fixed APR. Pay early with no penalty, and build payment history while you do it.
Why installment
Build your payment plan
Pick an amount and a term. The planner shows the monthly payment, total cost, and what a longer or shorter term would change.
Assumes no origination fee. Actual APR is set by the lender.
First months of a 12-month plan
| Month | Payment | Interest | Principal | Balance |
|---|
Full schedule in the loan calculator.
Installment vs. short-term vs. personal
Same request, three shapes. Installment sits in the middle: bigger than short-term, faster and more flexible than personal.
| Short-term | Installment | Personal | |
|---|---|---|---|
| Amount | $200 – $1,500 | $500 – $5,000 | $2,000 – $5,000 |
| Term | 14 – 90 days | 3 – 24 months | 6 – 36 months |
| Cost | Fee per $100 (≈ 391% APR) | 9.95% – 35.99% APR | 9.95% – 35.99% APR |
| Funding | Same day possible | Next business day | 1 – 2 business days |
| Credit history | Rarely reported | Often reported | Reported |
| Pick it when | Cleared next paycheck | You need months, and a payment that fits | Consolidating or a bigger planned cost |
Built for costs that take a few months to absorb
- Car repairs$800 – $2,500 · 6–12 months
- Appliance or home repair$1,000 – $4,000 · 6–18 months
- Medical & dental bills$1,000 – $5,000 · 12–24 months
- Moving & deposits$1,000 – $3,500 · 6–12 months
- Seasonal expenses$500 – $2,000 · 3–6 months
What you need to qualify
No minimum credit score. Lenders look at these.
- 18+ and a U.S. resident
- Roughly $1,200+/month verifiable income
- Active checking account, 30+ days old
- Valid ID, email and mobile
Installment loan FAQ
What is an installment loan?
A loan of $500 to $5,000 repaid in equal monthly payments over 3 to 24 months. The APR is fixed, so every payment is the same amount and you know the total cost from day one.
What APR can I expect?
Commonly 9.95% to 35.99% in our lender network, depending on credit profile, income and state. The exact APR is on the agreement before you sign.
Is there a prepayment penalty?
Most installment loans in our network have none. Paying early reduces the total interest you pay.
Will it help my credit?
Many lenders report installment payments to the credit bureaus. On-time payments can build positive history; missed payments can hurt it.
How fast is funding?
Decisions in minutes; funds typically by the next business day after you e-sign.
Can I get an installment loan with bad credit?
Yes. No minimum score is required to request offers. Lower scores usually mean a higher APR or smaller amount rather than a decline.
Can I change the term later?
The term is fixed when you sign, but you can pay extra at any time with no penalty, which shortens the loan.
Spread it out. Request your installment offers.
$500 to $5,000, fixed APR, equal monthly payments. Soft credit check, no obligation.