Instant Approval Online Installment Loans in 3 easy steps
Get your instant Installment Loan online with Katie Loans in 3 easy steps
Simple online application
Instant approval decision
Same day direct money deposit
How to get the best Installment Loans online?
What are online Installment Loan amounts, rates and terms?
On Katie Loans, you can get $1,000 – $5,000 Installment Loans with bad credit and pay them off within a few months, up to a year in fixed monthly payents. The average APR ranges from 7.04% to 35.89% with an origination fee of 3% – 6% of the loan amount.
Why choose us?
With our help every borrower will get quick financing to meet their urgent needs:
- 24/7 online application
- Available for any credit
- No credit check
- No collateral
- No hidden fees
Complete the application form online in minutes
Get your individual loan offer based on your personal needs.
Choose the most suitable Installment Loan offer with affordable rates and terms
Consider the best loan rates, terms, payment schedule and other conditions.
Get the money
Once you are approved for the loan, you’ll get the money deposited directly into your bank account on the next business day.
Compare Installment Loan Alternatives to get the money you need
Katie Loans has helped thousands of borrowers in urgent need of money to get the necessary type of financing. Depending on the amount you could do with and the repayment terms convenient for your budget, you can consider Online Installment Loans for bad credit or find the best alternative options among the following cash loan types:
| Payday Loans | $100 – $1,000 | 14 – 30 days | 300% – 400% APR | No Collateral, Unsecured | Bad Credit OK |
|---|---|---|---|---|---|
| Personal Loans | $5,000 – $35,000 | 1 – 7 years | 9.41% APR on average | No Collateral, Unsecured | Bad Credit OK |
| Car Title Loans | $1,000 – $10,000 | 1 – 2 months | 300% APR on average | Secured by your vehicle title | Bad Credit OK |
How to apply for Online Installment Loans for bad credit?
It is important to pay attention to your state’s laws and eligibility criteria when applying. Oftentimes, you will need to provide proof of income, an active bank account, social security number and contact information in order to obtain a loan.
Each of us is faced with financial difficulties in time and needs urgent funding. This can be payment of utility bills, urgent purchase, medical care and so on. However, since many people do not have emergency savings, they are looking for funding to cover their expenses.
Of course, the fastest and easiest option is a loan. If you need a large amount of money to cover your expenses, then an Installment Loan is the best option for you. Learn what an Installment Loan is, how it works and what are the eligibility criteria for this type of loan.
What are Online Installment Loans?
An Installment Loan is a simple type of financing that provides a borrower with a fixed amount of money to be paid in regular monthly installments over a fixed period of time. Please note that each payment includes not only a part of the debt but also the interest on the loan. Installment Loans include loans such as Mortgages, Personal Loans, Title Loans, Student Loans, and more. An Installment Loan can also be either secured or unsecured, so the eligibility criteria will vary depending on the type of loan you need.
Installment Loans are popular because borrowers do not have to repay the debt in full on the next payday, such as with a Payday Loan. Moreover, the Installment Loan makes it possible to apply for a fairly large loan amount and has fixed interest rates. If you want to get an Installment Loan, then remember that a late payment can worsen your credit history.
How Installment Loans work?
An Installment Loan works like this: you apply, wait for approval and receive money directly into your bank account. You can fill out the form either in person or in the lender’s store, but the fastest and easiest way is of course the online application. All you need to do is provide basic information about yourself, such as name, address, contact information, income information, and more. After the lender reviews your application and makes sure you meet the basic eligibility criteria, they will contact you by phone to discuss the terms of the loan. After signing the contract, you will be able to receive the money directly into your bank account.
How to qualify for Online Installment Loans no credit check?
Before applying for a particular type of loan, it is important to pay attention to the laws of your state and the eligibility criteria for the lender. They can vary, but often the basic ones remain the same:
- Be a US citizen or official resident
- Be at least 18 years old
- Have an active bank account
- Have a regular monthly source of income
- Have a government issued ID
- Provide social security number
- Provide contact details such as phone and email
How can I get Installment Loans near me?
Now you no longer need to look for a lender near you, as you can get a loan completely online! All you need to do is fill out a simple online application, wait for approval and receive money directly into your bank account.
However, if you still want to receive financing in the traditional way, you should visit the site of the selected lender and click on the “locations” button where you can see the nearest shops of lenders near you.
Will I be able to get an Installment Loan if I have a bad credit history?
Obtaining a loan with a bad credit history can be quite difficult, as often installment lenders check the credit history to make sure that the borrower can pay off the debt on time. Your salary will also be the deciding factor when deciding whether to grant you a loan.
If you have a bad credit history but meet the basic requirements of a lender, you will most likely be able to get a loan, but you will have to face extremely high interest rates and unfavorable lending conditions. Therefore, before applying for a Bad Credit Installment Loan, pre-qualify and research what potential interest rates you can get. Compare offers from different lenders and choose the one that suits you best.
Installment Loans FAQ:
Can I get an Installment Loan on the same day I applied?
If you meet the basic eligibility criteria, your application will be approved the same day you submitted it. Please note, however, that the money will be deposited into your bank account within one business day. Thus, it will take you about 24 hours to obtain an Installment Loan.
Is it safe to apply for an Installment Loan?
Yes, the whole process from submitting an application to obtaining financing is absolutely safe as lenders take care of your data and do not pass it on to third parties. If you also want to make sure that the site where you are applying is safe, pay attention to its address. If the address starts with “https” instead of “http” it means that the site is safe.
How much does an Installment Loan cost?
The cost of the loan will vary depending on the type of loan you are applying for. Secured loans have better lending terms and interest rates, however they are more risky as you can lose collateral if you miss payments. You should also compare the offers of different lenders in order to choose the one that offers the best interest rates, which can range from 5.94% to 35.99%.
References:
- https://www.consumerfinance.gov/rules-policy/final-rules/payday-vehicle-title-and-certain-high-cost-installment-loans/
- https://www.pewtrusts.org/en/research-and-analysis/reports/2018/10/17/state-laws-put-installment-loan-borrowers-at-risk
- https://www.nclc.org/images/pdf/rpt-InstallmentLoans-feb-2020.pdf