Installment Loans

Online Installment Loans from SlickCashLoan

Online installment loans provide a convenient means to apply and get funds when you need it the most. We offer a fast application process that can get you a quick decision and have the finances you need to live your life to its fullest.

Installment Loan Benefits

Installment loans are loans you repay over a certain period of time with fixed, regular payments. For example, if you buy a car and finance it for five years, you typically have the same payment due on the same date every month for the next 60 months. Each payment represents a monthly installment. Installment loans offer several benefits over online payday loans and other short-term funding options for financial emergencies.

Larger Loan Amounts

Installment loans let you borrow more money to cover bigger expenses. Suppose you have a major car breakdown with estimated repair costs of over $1,000. If money is tight and you don't get paid until later in the month, an installment loan can help. Depending on your state, you can get up to $3,000.

More Time to Repay Your Loan

Short-term loans put money in your pocket fast, but you also have to pay them back quickly. Most of them have repayment terms of 30 days or less, and the due date usually corresponds to your next paycheck. This often works out well if you just need cash to tide you over until next paycheck. However, when you need longer to pay your loan back, an installment loan provides more flexibility. You don't have to pay the entire loan back in 30 days. You can pay it back in installments over a longer period.

Greater Flexibility

You have longer to pay off the loan, and you can typically choose your repayment term. These terms usually range between 6 and 18 months. Sometimes you can select longer terms, then pay back your loan sooner if able. Installment loans do not incur prepayment penalties.

Installment loans don't require collateral. You never have to put any of your assets at risk. By contrast, title loan lenders can take your car if you get in a bind and have trouble repaying. An unsecured online installment loan poses no such risk.

All Credit Welcome

Perhaps you applied for a personal loan from a bank and received a denial due to your credit. Don't give up! We can match you with partner lenders that don't use traditional credit measures for approval. If you’ve had bad credit, you could use an installment loan to create a good history of repayment. Making timely payments could significantly improve your credit score.

Whether you have bad credit or no credit history, our quick application process can have you approved within minutes. As long as you have a valid ID, active bank account and employment lasting at least a month, you can get approved for an installment loan.

Simple Application

Apply for an installment loan on our website in three simple steps. Just fill in necessary personal information, including legal name, date of birth and current address, on the first page. On the second page, provide your employment information, and on the last page, enter your account information at the bank where you want your loan deposited. The entire process takes only a few minutes.

Approval and Funding

Our partner lenders can approve your loan in minutes and fund it as soon as tomorrow. This means you don't have to wait days to receive a credit decision and then wait some more to get your cash. This fast funding gets money into your account quickly to help you meet your obligations and get on with your life.

Ready to take the next step? Apply for a hassle-free online installment loan from SlickCashLoan!