Top 5 Installment Loans Online For Bad Credit Guaranteed Approval 2023 (Apply Today)

For those who require the stability of paying off a loan in fixed monthly amounts, installment loans are undoubtedly a heaven sent. With installment loans, you get the opportunity to borrow an amount you need right now and then pay it off conveniently over several weeks or months. When using a loan-finder as your installment loans online provider, you’ll also benefit from dealing with direct lenders offering deals without added or hidden fees and with clear and concise installment loans for bad credit agreements in place so that you always know where you stand and what to expect. 

For borrowers on the lookout for the best installment loans bad credit options, we’ve taken the time to do some of the legwork. Below, you will find our editor’s pick of the top providers or instant funding installment loans, direct lender online installment loans instant approval alternatives, installment loans no credit check alternatives, and bad credit installment. You can check out their quick ratings, get more insightful information regarding their offerings, and find out how to apply with a lender most likely to approve your application. Keep reading to discover the best installment loans provider for you.

Best Installment Loans Online For Bad Credit

Big Buck Loans : Best Overall for Online Installment Loans with Streamlined Application Process
Green Dollar Loans : Best for Installment Loans Near Me with Simple Eligibility Criteria
Viva Payday Loans: Best for Alternatives to Guaranteed Installment Loans for Bad Credit with Fuss-Free, 100% Online Application and No Physical Paperwork
Heart Paydays: Best for Online Installment Loans Instant Approval for Borrowers with Less-than-Perfect Credit Scores
Low Credit Finance: Best for Guaranteed Installment Loans for Bad Credit Direct Lenders Only Alternatives with Credit Checks that Won’t Hurt Your Credit Score/History

Installment Loans Online (February 2023) – Full Reviews

Big Buck Loans : Best Overall for Online Installment Loans with Streamlined Application Process

Quick Ratings
Decision Speed: 8/10 
Loan Amount Offering: 8/10 
Variety of Products: 9/10 
Acceptance Rate: 9/10 
Customer Support: 9/10 

Big Buck Loans is a leading loan-finder offering access to some of the best online installment loans on the market. What’s great about using this platform to secure online installment loans is that it’s process for application and payouts is entirely streamlined. As a result, applications for online installment loans between $100 and $5000 take just minutes. You’ll be offered between 3 and 24 months for repayment and will be presented with APRs between 5.99% and 35.99% by the lender.

Highlights of Online Installment Loans with Streamlined Application Process

Reasonable APR
Streamlined application
Easy eligibility that most stable Americans can meet
Up to 2 years to pay
Max loans of $5000

Eligibility Criteria for Online Installment Loans with Streamlined Application Process

Income must be at least $1000
18 years minimum
Legal resident or citizen of the States

Fees and APRs on Online Installment with Streamlined Application Process
Interest between 5.99% and 35.99%
Penalties apply to loans paid back late or missed payments

Green Dollar Loans : Best for Installment Loans Near Me with Simple Eligibility Criteria

Decision Speed: 8/10 
Loan Amount Offering: 8/10 
Variety of Products: 9/10 
Acceptance Rate: 9/10 
Customer Support: 8/10 

At Green Dollar Loans , you will find a selection of installment loans or padyay loans near me with simple applications and easy-to-meet eligibility criteria. If you’re looking for a quick and easy way to apply for installment loans near me online, Green Dollar Loans is the place to go. With 3 to 24 months to repay loans between $100 and $5000, most lenders feel comfortable with the contract options. Of course, interest comes standard with all loan types, typically ranging from 5.99% to 35.99%.

Highlights of Installment Loans Near Me with Simple Eligibility Criteria

Interest no more than 35.99%
Loans as small as $100
Flexible repayment options
Easy online applications
Deal directly with lenders

Eligibility Criteria for Installment Loans Near Me with Simple Eligibility Criteria
Min income of $1k p/m
ID must show you’re 18+
Valid social security number

Fees and Interest Rates on Installment Loans Near with Simple Eligibility Criteria
Up to 35.99% interest
Paying late and missing payments will result in penalties

Viva Payday Loans : Best for Alternatives to Guaranteed Installment Loans for Bad Credit with Fuss-Free, 100% Online Application and No Physical Paperwork

Quick Ratings
Decision Speed: 9/10 
Loan Amount Offering: 8/10 
Variety of Products: 7/10 
Acceptance Rate: 8/10 
Customer Support: 8/10 

If you’re looking for loan applications that impose the least amount of fuss, you’ll find several options available at Viva Payday Loans that range from $100 to $5000. Flexible repayments available mean that you can repay alternatives to guaranteed installment loans for bad credit over 3 to 24 months, with most alternatives to guaranteed installment loans offering interest between 5.99% and 35.99%. While there’s no physical paperwork required and the entire application process can be handled online, you will be expected to provide digital supporting documents including your ID, proof of address, proof of income, and a list of your monthly expenses.

Highlights of Alternatives to Guaranteed Installment Loans for Bad Credit with Fuss-Free, 100% Online Application and No Physical Paperwork

100% online applications
Easy application
2- Minute turnaround on feedback
Direct lenders
Flexible loan amounts and terms

Eligibility Criteria for Alternatives to Guaranteed Installment Loans for Bad Credit with Fuss-Free, 100% Online Application and No Physical Paperwork

Income must be above $1000 p/m
Age no less than 18
Citizenship or residency in the US must be legal

Fees and Interest Rates on Alternatives to Guaranteed Installment Loans for Bad Credit with Fuss-Free, 100% Online Application and No Physical Paperwork
Penalties apply to contract breaches
5.99% to 35.99% interest

Heart Paydays : Best for Online Installment Loans Instant Approval for Borrowers with Less-than-Perfect Credit Scores

Quick Ratings
Decision Speed: 8/10 
Loan Amount Offering: 8/10 
Variety of Products: 7/10 
Acceptance Rate: 7/10 
Customer Support: 8/10 

If your credit score is nothing to write home about, you may find yourself avoiding finance applications at the local bank. The good news is that online installment loans instant approval are readily available via Heart Paydays , even if you’ve got a credit score that’s less-than-ideal. You can borrow up to $5000 with as long as 2 years to repay, if you pass the eligibility requirements and prove you can afford the loan. Interest starts low at 5.99%, but less competitive lenders may charge as much as 35.99% when you apply for online installment loans instant approval.

Highlights of Online Installment Loans Instant Approval for Borrowers with Less-than-Perfect Credit Scores
Quick and easy online application
Simple requirements (fuss-free approach)
Many loan options to choose from
Flexible repayment options
Direct lenders are reputable and reliable

Eligibility Requirements for Online Installment Loans Instant Approval for Borrowers with Less-than-Perfect Credit Scores
Applicants must be 18+
Incomes must reflect at least $1000 p/m
Applicants must be legal citizens of the US and have a valid social security number

Fees and Interest Rates on Online Installment Loans Instant Approval for Borrowers with Less-than-Perfect Credit Scores
You’ll be charged up to 35.99% interest
Penalties are charged when payments are late/missed

Low Credit Finance: Best for Guaranteed Installment Loans for Bad Credit Direct Lenders Only Alternatives with Credit Checks that Won’t Hurt Your Credit Score/History

Quick Ratings
Decision Speed: 8/10 
Loan Amount Offering: 8/10 
Variety of Products: 7/10 
Acceptance Rate: 7/10 
Customer Support: 7/10 

With Low Credit Finance , you can apply for guaranteed installment loans for bad credit direct lenders only alternatives without worrying about the impact on your credit record. Sure, lenders carry out credit checks, but there’s more at play when a decision is made on your application. You can process a quick application for guaranteed installment loans for bad credit direct lenders only alternatives online with Low Credit Finance, and expect feedback provided within 2 minutes. If you go ahead with an available loan between $100 and $5000, you can expect 3 to 24 months to pay and will be given an interest rate of 5.99% to 35.99%.

Highlights of Guaranteed Installment Loans for Bad Credit Direct Lenders Only Alternatives with Credit Checks that Won’t Hurt Your Credit Score/History

Simple eligibility requirements
Borrow up to $5000
Loans start as small as $100
Flexible automatic repayments (direct debits)
2-minute feedback turnaround

Eligibility Requirements for Guaranteed Installment Loans for Bad Credit Direct Lenders Only Alternatives with Credit Checks that Won’t Hurt Your Credit Score/History

Provision of supporting documents (proof of income, proof of address, a copy of your ID)
Verifiable age of 18+
Verifiable income of $1k+

Fees and Interest Rates on Guaranteed Installment Loans for Bad Credit Direct Lenders Only Alternatives with Credit Checks that Won’t Hurt Your Credit Score/History 
Interest from 5.99%
Max interest of 35.99%

How Did We Choose the Best Personal Installment Loans?

• We looked for loan finders offering:
• Simple application processes
• Fair interest rates
• Weekly, fortnightly, and monthly repayment options
• Direct lenders that are reliable and reputable
• Flexible loan options

Types of Personal Installment Loans

Unsecured Personal Installment Loans

Unsecured loans range from $100 to $5000 and don’t require collateral to secure.

Bad Credit Installment Loans for Unemployed Individuals

If you’re unemployed but still generating an income of $1000 per month, you can apply for installment loans online.

Emergency Bad Credit Installment Loans

Emergencies wait for no man (or woman) and as such, cash in a hurry is the order of the day. Emergency bad credit installment loans will have cash in your account 24-48 hours from approval.

Bad Credit Installment Loans

Bad credit borrowers can apply for same day loans or bad credit installment loans if they can prove affordability and meet the eligibility criteria.

Features and Factors of No Credit Check Installment Loans Alternatives 

No Credit Check Installment Loans Alternatives Lender Transparency 

One of the biggest perks of using a loan-finder is that you can rest assured that lenders offering installment loans are accredited and reputable.

Interest Rates Apply to No Credit Check Installment Loans Alternatives

APRs on alternatives to no credit check loans always apply, and generally start at 5.99% and range up to 35.99%.

Budgeting and Hidden Costs for Alternatives to Guaranteed Installment Loans for Bad Credit No Credit Check

When applying for alternatives to guaranteed personal loans for bad credit no credit check, keep in mind that it’s important to budget. Some unexpected costs can include early or late settlement fees.

Payout Terms for Alternatives to Guaranteed Installment Loans for Bad Credit No Credit Check

When applying for guaranteed installment loans for bad credit no credit check you can expect funds on approved loans to be disbursed within 24 to 48 hours, depending on the lender.

Top 5 Providers of Installment Loans Bad Credit

How to Apply for Installment Loans Bad Credit 

The following steps apply when using the Big Buck Loans platform:

Step 1: Choose the Installment Loans Bad Credit Amount
Select between $100 and $5000 with 3 to 24 months to pay.

Step 2: Complete the Installment Loans No Credit Check Alternatives Application Form
Input your personal data and submit the form.

Step 3: Wait for Feedback on Installment Loans No Credit Check Alternatives Applications

Get feedback on your loan request in as little as just 2 minutes. You’ll be provided with a contract that you must read through and then sign.

Step 4: Alternatives to Installment Loans No Credit Check Paid Out Quickly

Expect a speedy payout once your loan has been approved and you’ve sent the signed loan contract back to the lender.

FAQ's 

How Do Instant Funding Installment Loans Work?

Applicants receive a lump sum that is then paid back to the lender over 3 to 24 months in fixed monthly installments. Interest is added to the total loan amount, usually between 5.99% and 35.99%, and is paid back along with the monthly installments.

Do Credit Checks Apply to Instant Funding Installment Loans?

Yes, it is a legal requirement for all lenders to carry out credit checks on applicants. Even if you have bad credit, it doesn’t mean you won’t get the loan.

How Old Must I Be to Apply for Tribal Installment Loans Direct Lenders No Credit Check Alternatives?

The rules may vary from one state to the next, so it’s best to get familiar with the laws in your particular state. In general, most tribal loans lenders require applicants to be at least 18 years old.

How Long Does an Online Application for Tribal Installment Loans Direct Lenders No Credit Check Alternatives Take?

It takes just a few minutes to complete the online application form on a loan-finder site. After that, you should receive feedback on your application within 2 minutes. Loans are usually paid out between 24 and 48 hours – but this is lender dependent.

How Can I Ensure I Get the Lowest Possible Interest Rate on Online Installment Loans No Credit Check Alternatives?

When using a title loan -finder, you’re already on the right path for a lower interest rate. That said, some lenders are also negotiable on their offered interest rates. You may find that in order to be competitive, the lender you’re dealing with is willing to reduce the APR slightly. It’s always worth asking!

Why Was My Installment Loans Application Rejected?

Loan-finders have basic eligibility criteria in place. If you’re unable to meet the criteria or don’t earn enough to afford the loan you’re requesting, your application will be rejected.

What Supporting Documents Are Required for Direct Lender Online Installment Loans Instant Approval Applications?

You will need to provide a copy of your ID, proof of address (utility bill) and proof of income (bank statements and payslips).

Conclusion

Whether you have good or bad credit, you can apply for installment loans online via any of the loan finders we have reviewed above. Of course, with Big Buck Loans ranking number one on our list, we urge you to head to their website and process an application. Within minutes you’ll see what the hype is about!

Disclaimer: The loan websites reviewed are loan-matching services, not direct lenders, therefore, do not have direct involvement in the acceptance of your loan request. Requesting a loan with the websites does not guarantee any acceptance of a loan. This article does not provide financial advice. Please seek help from a financial advisor if you need financial assistance. Loans available to US residents only.