Installment Loans

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Installment Loan Overview Down arrow

Get money now, pay it back over time

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Quick and easy Installment Loans with longer-term repayment options

Installment Loans, along with Online Installment Loans, from Advance America get you the money you need today, along with the ability to pay it back in smaller, multiple payments over time. Availability of this loan varies by state. Already have an account? Login

The Advance America Installment Loan advantage

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How do Installment Loans work?

Pay back your loan in a way that fits your needs.

Benefits of Installment Loans

An Installment Loan is a longer-term loan with higher loan amounts and payment terms over an extended period of time. Getting one is simple:

1

Start your Installment Loan application now or apply in store.

2

Get an approval decision in minutes for your Installment Loan application.

3

Receive money same day.* Pay it back in multiple payments over time.

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*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 business day.

Installment Loan Questions

What’s an Installment Loan?

An Installment Loan allows you to get money right away, plus pay back the loan over time in several smaller payments. Compared to Payday Loans, Installment Loans offer longer personal loans, ranging from 3 to 24 months, and are available both in store and online, depending on your state.

Why get Installment Loans from Advance America?

Installment Loans allow you to pay back your loan the way that fits your needs, with longer-term repayment options. This means you have the ability to repay with multiple payments over time.

We're a state licensed company, which means we follow all applicable state and federal laws.

All Installment Loan rates, terms, and fees are explicitly outlined in the agreement with no unexpected charges or hidden costs when borrowing.

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How do I get an In-Store or Online Installment Loan?

In Store and Online Installment Loans are available only in certain states. Visit this page to see if Installment Loans are offered in your state.

How do I apply for an Installment Loan?

The application process for this loan is quick and easy. Simply choose an in store or online loan, where applicable, fill out a quick application, get approved in minutes, and get money as soon as the same day*!

Be sure to review the “What You'll Need To Apply” section and click on “Learn More” for more details on what you'll need to receive an Installment Loan in your state.

What are the benefits of getting an Installment Loan?

This loan gets you the money you need today with the ability to make scheduled payments over time based on your pay cycle. Plus, the application process is quick and easy, with the option (depending on your state) to apply both in store and online. To find out what types of Installment Loans are available in your area, click here.

When and how is the cash from my Installment Loan deposited?

There are several options for how you may receive your money, depending on whether you complete your application in-store or online. For an in store Installment Loan, you can receive cash or a check as soon as you're approved and sign your loan paperwork. Should you choose to apply for your Installment Loan online, your money can be directly deposited into your bank account as soon as the same day.* Select your state above, or to see if Installment Loans are available near you, click here.

What is the minimum/maximum amount of money available with an Installment Loan?

The minimum and maximum amounts available to you with an Installment Loan vary by state. To learn details about the amounts available in your state, visit our state page.

What are the requirements to apply for an Installment Loan?

In order to apply for an Installment Loan, you'll need to provide a government issued ID, proof of income, checking account, and verification of social security number. Requirements vary by state. For specific information, click here to visit your state page.

Do I need perfect credit to apply for an Installment Loan?

Advance America considers customers with all types of credit. For Installment Loans, we will review third party data sources to verify credit.

Does an Installment Loan require any collateral?

Collateral is not required for an Installment Loan. All we need from you is your government issued ID, proof of income, checking account, and verification of social security number in order to complete your application. To learn more about which documents are necessary to process your application, please click here.

Installment Loan rates & terms

Finance charges for Installment Loans vary by state and by length of loan term the customer selects. Rates and terms for Installment Loans are based on state regulations.

To get examples of the Installment Loan rates and terms in your state, click Learn More below.

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What do you need to apply for an Installment Loan?

To apply, you'll need the following items:

  • Government issued ID
  • Source of income
  • Checking account
  • Social Security Number or ITIN (in store only)

Learn more about what is needed in your state.

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Advance America Installment Loan customer reviews

I was in need of some emergency money and tried going through my bank and other lending places to no avail Advance America really came through for me…

— Installment Loan customer, 09/23/2021

5 star rating

It only took a fe minutes and less than 8 hours later the money was in my account.

— Installment Loan customer, 07/19/2021

5 star rating

Contactless, super easy and fast process.

— Installment Loan customer, 06/01/2021

5 star rating

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Installment Loan payment questions

How do I repay my Installment Loans?

Repayment of your Installment Loan will take place on each installment due date, which typically follows your pay dates, via auto withdrawal from your bank account or cash payment at your location. Depending on your state, repayment will take place anywhere from 3 to 36 months and generally coincide with your pay date.

When are my payments due for an Installment Loan?

Typically, your loan payments are aligned with your pay dates. During the loan process, we will review the specific due dates and amounts associated with your loan to ensure you understand the terms of the agreement before finalizing.

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Can I pay off my Installment Loan early?

Yes. There is no penalty for paying off your loan early and doing so may decrease the overall cost of your loan.

What if I cannot pay or will be late repaying my Installment Loan?

Please contact us at your local store or call (844)562–6480 if you are unable to make your Installment Loan payment on time. Advance America will work with you to establish payment arrangements for your Installment Loan. And we're committed to collecting past due accounts in a professional, fair and lawful manner. Past due payments may impact your ability to transact with Advance America and other lenders.

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More About Installment Loans

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