Installment Loans Online
Do you need extra money to pay for expenses that are out of your budget? Consider an online Installment Loan.
Applying for an Installment Loan online is a convenient and accessible option that can provide you with extra funds you can use to cover a variety of expenses.
What is an online Installment Loan?
An online Installment Loan is a type of personal loan you can apply for 24/7 from your computer or mobile device. If approved, you’ll receive the funds in your bank account according to the lender’s payout schedule.
These loans offer you the flexibility to repay the borrowed amount in smaller, manageable payments over a specified period. Installment Loans are designed to provide quick access to funds for various needs, such as a home improvement project, medical bills, everyday expenses, or financial emergencies.
How online Installment Loans help you
An online Installment Loan from Advance America could get you the money you need today.* You’ll have the flexibility to apply online at your convenience and pay back the loan over time in regular monthly payments — all without having to visit a store.
Applying for an online Installment Loan
Getting an Installment Loan online is typically quick and easy. Here’s how it works:
- Search for lenders that offer online Installment Loans in your state.
- Compare these lenders to find the best option.
- Complete the online Installment Loan application.
- Review the terms and conditions of the loan.
- E-sign the loan agreement and wait for the money to enter your bank account.
Depending on the lender, you may receive your money the same day you’re approved, within 24 hours, or in a couple of business days.
What you’ll need to get an online Installment Loan
To get an Installment Loan online from Advance America, you’ll need to provide your:
- Full name, date of birth, email address, and phone number
- Government-issued ID, like your driver’s license or passport
- Paystubs, tax forms, or bank statements
- Checking account number
- Social Security number
How to apply
1. Gather all necessary documents and information
First, collect your ID and financial information. You will need them when you apply for an online Installment Loan.
2. Fill out an online Installment Loan application
The online application process should only take a few minutes. You can complete it from your home, workplace, or anywhere with internet access.
3. Submit your application
Check the information you entered for any errors to avoid delays with approval and funding. Once you’ve verified everything is correct, submit your application for an online Installment Loan.
4. If approved, receive your funds
Upon approval for an online Installment Loan, the lender will distribute the money via direct deposit.
At Advance America, if you’re approved before 10:30 AM EST, you will typically receive your money the same day. Otherwise, the funds should be deposited into your bank account on the next business day.
Instant approval for online Installment Loans
When unplanned or emergency expenses arise, you need to act quickly. That’s why we’ve made our online Installment Loan application as simple and convenient as possible. Most people can complete an application in just a few minutes — and you’ll typically receive an instant approval decision.
Do I need good credit to get approved?
You could still get an online Installment Loan with poor or fair credit. Many direct lenders have more lenient qualification requirements than traditional banks and credit unions and will look at factors beyond your credit score. These factors often include your income, job status, and employment history.
Key benefits
Customizable repayment plan
Depending on your state and the amount borrowed, repaying your online Installment Loan may take anywhere from three to 36 months. Due dates typically fall after your pay dates, and you can view your pay schedule anytime by logging in to your online account.
Easy repayment
Repaying your online Installment Loan is easy when you go through a direct lender like Advance America because you never have to deal with a third-party company.
Your online Installment Loan will be repaid in regular installments via auto withdrawal from your bank account. Alternatively, you can make a cash payment at your nearest Advance America location.
Quick loan issuance
Since Advance America offers direct lending for online Installment Loans, we’re able to get the money you need faster than those companies that use indirect lending.
Secure and safe
With Advance America’s direct lending process, you can be sure that your information is submitted through a secure database. With indirect lending, your personal information could be sold to other companies.
➢RELATED: Our Privacy and Terms
Is an online Installment Loan right for me?
If you need extra money to meet a short-term or long-term goal, an online Installment Loan can come in handy. This is particularly true if you lead a busy life and don’t have the time to go through the traditional loan process in person.
Get an Installment Loan from Advance America
Advance America offers fast, convenient, and easily accessible Installment Loans. You can apply either online or in-store if you prefer a face-to-face interaction with your lender. Regardless of the method you choose, you will receive a prompt approval decision and the assurance that your private information is secure.
Start your online Installment Loan application now!
*Online approvals before 10:30 AM ET (M-F) are typically funded to your bank account by 5 PM ET same-day. Approvals after 10:30 AM ET are typically funded in the morning the next banking day.
Notice: Information provided in this article is for informational purposes only. Consult your attorney or financial advisor about your financial circumstances.
About the author
Jalin Coblentz has contributed to Advance America since 2023. His experiences as a parent, full-time traveler, and skilled tradesman give him fresh insight into every personal finance topic he explores.