Instant Installment Loans

It seems that whenever we need money, we need it fast! An instant Installment Loan could be the solution your situation calls for. It provides the money you need in one lump sum, with a monthly repayment schedule for repaying the loan over time. 

Whether you have emergency expenses or an unexpected bill, an online Installment Loan can be an instant way to get the money you need. 

In this article, we’ll explore how instant Installment Loans work, their benefits, how to get instant approval, and how to apply online or in store. 

How do instant Installment Loans work? 

Instant Installment Loans are short-term loans that give borrowers a lump sum of money upfront that they repay in fixed monthly payments (aka “installments”). Depending on the loan terms and lender, the repayment period can last from a few months to a few years. 

What can I use an instant Installment Loan for? 

Instant Installment Loans can help when you’re in a financial bind and need money quickly for expenses like car repairs and medical bills. You can also use the funds to pay for a home improvement project or to cover essential expenses like groceries and rent. 

Key benefits 

Here are some benefits of getting an online Installment Loan with instant approval: 

Easy application 

Installment Loans offer a quick and easy application process that takes just a few minutes. Borrowers may complete an application in person or online. 

Quick funding 

If approved, you can receive your funds quickly. The lender may deposit the money into your bank account as soon as the same day you apply or within 24 hours. 

Manageable payments 

You can pay back your loan over time in fixed monthly payments. This can make Installment Loans easier to manage than other loans that need to be repaid all at once. 

>RELATED: Installment Loans vs. Payday Loans: What’s the Difference? 

Good credit not required 

Borrowers may not need good credit to get an instant Installment Loan. Many lenders will consider factors besides your credit score, like income and employment history. This means you can still be approved even with poor or fair credit. 

Applying for an instant Installment Loan 

Applying for an online or in-store instant Installment Loan from Advance America is a seamless process that could give you access to money when you need it. 

1. Gather your documents 

To apply for an Advance America instant Installment Loan, you’ll need proof of income, a checking account, a Social Security number, and a government-issued ID. Bring these to a nearby store or have them handy when completing your online application. 

2. Apply 

Fill out an application, either online or in person. Double-check to make sure the application is complete, and all information you’ve provided is correct. 

3. Wait for the approval decision 

Once your application has been received, Advance America will provide an instant approval decision. No waiting days or weeks for an answer! 

4. Receive your funds 

If your loan is approved, you’ll receive your funds quickly — as soon as the same day you apply or within 24 hours. Advance America customers who opt for direct deposit will have funds directly transferred to their accounts. 

5. Pay back the loan 

Your loan payments will depend on a few factors, including your pay frequency (such as bi-weekly or monthly schedule), the length of your loan term, and the amount of your loan. All of these details can be found in your loan agreement. 

Advance America does not have any early payment penalty fees on Installment Loans. This means if you receive a bonus or financial windfall, you can pay back your loan early and save on interest over time. 

>RELATED: Should I Pay Off My Loan Early? 

6. Keep in touch 

If you anticipate missing a loan payment, call Advance America or visit your local store to make alternative payment arrangements. Budgeting your Installment Loan payments can be an effective way to stay on top of financial obligations. 

Is an instant Installment Loan right for me? 

There are certain situations when an Installment Loan may be an option to consider. They’re helpful for large, one-time expenses, such as a large purchase, medical bills, car repairs, a replacement appliance, or a home repair/home improvement project. You could also use an Installment Loan to consolidate high-interest debts into one convenient loan. Get an Installment Loan today As a trusted lender for more than 25 years, Advance America offers loan products, including Installment Loans. Our applications take just a few minutes to complete, and we give you an instant approval decision about your loan. If approved, you could have the money you need the same day you apply. 

We work with borrowers of all credit types, so you’re never just a credit score number to us. 

Need to cover an expense quickly? Apply online now.

About the Author

Bree Ewers has contributed to Advance America since 2023. Writing from her home office in Portland, Oregon, she shares a relatable perspective on the financial triumphs and challenges many readers face.

The Advance America advantage

Since 1997, Advance America has helped millions of hardworking people with a variety of financial solutions including Payday Loans, Online Loans, Installment Loans, Title Loans and Personal Lines of Credit.
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25+ years
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