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While it’s never easy to find hard-and-fast guarantees within the consumer credit market, if there is one thing you can always count on, it is that there are lenders out there that are willing to offer you flexible credit requirements, even with less than stellar credit history.

And if you’re planning to make a large purchase or intend to consolidate debt, then you should aim to secure yourself a personal installment loan. These loans allow you to borrow large amounts of money and make fixed monthly repayments with term lengths that typically range from two to seven years, depending on the lender.

This in turn can provide you with a predictable timetable for paying off your debt, but the challenge is often in finding the right lending companies for bad credit installment loans, as there are some loan providers that charge triple-digit APRs and have significantly longer repayment terms that often result in having to deal with excessive interest costs.

So, to help you decide, we’ve listed and evaluated our top 10 lenders for installment loans based on a wide variety of factors, including loan amounts, APRs, transparency, funding speed, term lengths, and approval rates.

  1. US Installment Loans – Most competitive lending rates and terms
  2. WeLoans – High approval rates for online installment loans
  3. iPaydayLoans – Best option for fast funding
  4. US Bad Credit Loans – Top choice for securing installment loans with bad credit

10 Best Installment Loans for Bad Credit

1. US Installment Loans

US Installment Loans is an online company with a lending network that is well-known to offer some of the most competitive rates and terms in the market for online installment loans, even for those with a bad credit score.

And while there are numerous loan products on offer to choose from, such as payday loans, title loans, and same-day loans, the company mostly focuses on facilitating personal installment loans, with the maximum amount going as high as $35,000.

Also, since they offer competitive rates and terms, the monthly payments for their bad credit installment loans tend to be highly affordable, making them a great place to borrow large sums of money for purposes like consolidating high-interest debt.

The platform comes with a reliable customer service team that is available to help users 24/7, thereby ensuring that even first-time borrowers have a smooth and hassle-free borrowing experience.

The platform is also completely free to use, and it doesn’t charge any extra fees either. Furthermore, for those in need of quick financing, you can remain confident that all loan applications processed by their lenders will be deposited within 24 hours of approval.

Secure Favorable Loan Rates via US Installment Loans!

2. WeLoans

WeLoans is an online loan service provider that facilitates the highest number of approval rates for borrowers looking to apply for installment loans out of all the companies on this list. The company has a panel of over 100 lenders, all of whom are well-known for catering to all borrowers, no matter their credit score.

And with a wide range of loan products on offer, you will have access to personal installment loans that can extend up to a maximum of $5,000 with a repayment period that can go up to 72 months.

Plus, the added benefit of using their online platform is that, should you find yourself in sudden need of cash at any time of day, their lenders are able to facilitate deposits even outside of regular business hours.

Furthermore, WeLoans takes extra care to protect all user data, as their site uses 256-bit encryption to ensure that any personal information you submit on their site remains secure and is only shared with their network of lenders.

Moreover, their application process is simple and straightforward, as all you need to get started is to fill out the online application form, and you will almost instantly be matched with a trustworthy lender based on your requirements.

Also, since you are under no obligation to accept any loan offer you receive, this conveniently allows you to keep comparing options until you find the one that best suits your financial situation.

Get Approved for Installment Loans Online Using WeLoans!

3. iPaydayLoans

iPaydayLoans is an online lending platform that has established a good reputation as one of the fastest loan services in the market due to its use of advanced technology to streamline its lending process.

The company gives consumers access to a wide variety of both secured and unsecured loans, such as title loans, installment loans, payday loans, same-day loans, and more, thereby providing them with a good amount of flexibility to find the ideal solution for their needs.

Moreover, their lending network is open to approving consumers with a bad credit history, as their eligibility requirements are extremely lenient, with one only needing to be 18 years of age, be a U.S. resident, have a stable income stream, and own an active bank account to qualify. Borrowers are also able to take out up to $5,000 for instant installment loans and up to a maximum of $35,000 for no credit check personal loans.

Furthermore, the service doesn’t charge consumers any fees to use its platform, and it offers a good amount of transparency by helping borrowers easily compare multiple loan providers before accepting any personal installment loan offers.

Plus, the company follows strict data security protocols to ensure complete confidentiality whenever users submit their personal and financial details on the site, which makes them a trustworthy and reliable lending source to depend on.

Access Fast Approval for Installment Loans with iPaydayLoans!

4. US Bad Credit Loans

If you have a bad credit history and find yourself in urgent need of installment loans for bad credit, then US Bad Credit Loans is the ideal lending service to use, as the company’s lending network specializes in offering online loans for all credit types. The platform allows borrowers to apply for financing through a quick and streamlined online application process that comes with lenient eligibility requirements.

They also do not have any set limits for a borrower’s credit score, which makes it extremely easy to access a wide variety of loan products such as payday loans, cash advances, same-day loans, title loans, bad credit installment loans, and more.

You can also borrow up to a maximum of $35,000, and should you be approved for a loan, you can expect the money to reflect in your checking account in as little as one business day. This makes it a viable choice for those in need of trustworthy bad-credit financing in a hurry.

Apply for No Credit Check Installment Loans with US Bad Credit Loans!

5. CocoLoan

CocoLoan is a customer-centric lending service that provides borrowers with access to several types of loan products, with installment loans such as personal loans, mortgage loans, and car loans being some of its most popular products.

The company connects borrowers to a lending network that can facilitate fast loans that can extend up to $35,000 and interest rates that typically vary depending on your level of creditworthiness and the loan provider you choose to partner with.

The website is also extremely easy-to-use and provides users with fast quotes within minutes of filling out and submitting their application form. The platform provides electronic funding to all linked accounts, which means that all transfers will typically take about 15 minutes, making CocoLoan a good choice for dealing with urgent bills that require immediate attention.

The service is also bad-credit friendly, thereby allowing you to take out quick installment loans or payday loans for bad credit as long as you can meet their eligibility requirements.

Use CocoLoan to Connect With Online Lenders for Poor Credit Now!

6. US Title Loans

US Title Loans is an industry-leading credit broker that often facilitates fast turnaround responses on all loan applications. Consumers are able to borrow a variety of loan products such as title loans, quick loans, personal installment loans, and online loans for bad credit that can go up to a maximum of $35,000 with funds deposited in as little as 24 hours after approval.

The platform also allows you to easily compare multiple loan rates and offers by simply filling out an online form, and within minutes, you have access to the company’s wide panel of lenders, most of whom are happy to accept those with bad credit ratings.

And when it comes to eligibility, you only need to be over the age of 18, be a US resident, have an active bank account, and have a steady source of income in order to successfully qualify.

Aside from that, their online site is extremely user-friendly and also provides bank-level confidentiality, which means that all personal and financial details that you submit will remain secure and protected at all times.

Earn Fast Installment Loan Approval Using US Title Loans!

7. BadCreditLoans

Since 1998, BadCreditLoans has been helping borrowers connect to numerous financing options, including payday loans, personal installment loans, auto loans, mortgage loans, and more. This makes it one of the oldest and most trustworthy loan services on this list.

They primarily focus on providing borrowers with bad credit access to affordable loan products through their online platform, which is completely free to use. The minimum one can borrow starts from as low as $100 and goes up to $10,000, with an APR that typically varies between 5.99% and 35.99%, as well as a loan repayment period that ranges between 3-36 months.

As such, they are a practical option for those in search of short-term funding that can be deposited into their accounts quickly. Plus, the added benefit of using BadCreditLoans is that, should you fail to get matched with any of their in-network partners, they will quickly connect you with other third-party lenders that can provide you with the loan approval you need.

8. Fast Title Loans

Fast Title Loans is an online loan broker with an extensive panel of online lenders for poor credit that offer borrowers a high acceptance rate for all credit types. This provides consumers with access to a wide variety of loan products, such as title loans, payday loans for people with bad credit, and personal installment loans.

The company’s online website is also built to be simple and highly transparent, thereby facilitating a borrowing experience that only takes a few minutes to complete.

They don’t charge users anything to use their service, and their eligibility requirements are also extremely lenient, thereby allowing you to access bad credit installment loans that range between $50 and $5,000.

On top of that, their online loans for bad credit come with highly competitive rates, and the company even guarantees complete confidentiality, as all information that is submitted on their site remains secured using top-tier encryption protocols and is not shared with any third parties or other than the trusted lenders within their network.

Find a Trustworthy Personal Loan Lender Using Fast Title Loans!

9. MaxLend

MaxLend is an online tribal lender that provides borrowers in 39 states with access to short-term installment loans that range from a minimum of $100 and extend up to a maximum of $3,000, with new customers limited to $1,500. MaxLend also doesn’t require borrowers to put up any collateral, nor does it require you to have good credit in order to qualify.

All you need to secure yourself an installment loan from them is to prove that you have a steady and verifiable income source as well as make an unspecified minimum amount of income. If you are approved to borrow, you can sign your documents online, at which point a company representative will contact you directly by phone to confirm your details.

The company also doesn’t charge any pre-payment penalties, which you should worry about should you find yourself in a position to repay your loan early. Plus, the unique advantage of using MaxLend is that, unlike most other lending services, it offers a rewards system that allows returning borrowers to not only earn better fees but also save more money.

10. Ace Cash Express

ACE Cash Express has been in the lending industry since 1968, and it is well-known for specializing in offering borrowers check-cashing and short-term loans, such as payday loans and personal installment loans that range between $50 and $2,000.

This makes them an ideal choice for those in need of quick financing to cover small but urgent financial needs. The company’s lending process is fairly straightforward, with borrowers expecting a decision on all applications in a matter of hours.

And in the event that you are approved for a loan, you can either collect the funds at a local ACE Cash Express store or you can wait for the cash to be deposited into your checking account.

However, what makes Ace Cash Express unique is that, should you decide to change your mind about a loan you’ve taken out, they provide a 72-hour period to return any borrowed funds without having to deal with any charges.

Things to Consider Before Choosing an Installment Loan for Bad Credit

  • APR: A loan’s cost is usually calculated as an annual percentage rate, which will usually include the loan’s interest rate as well as any other extra fees. This means that the lower the APR is, the less expensive the loan is, and in most cases, an APR of about 36% is typically the highest rate a loan should have to still be considered affordable.
  • Monthly Costs: Most personal installment loans will usually come with fixed rates, which means that your monthly payments will remain unchanged for the full extent of the loan period. However, keep in mind that having lower monthly payments also means that the loan will be extended for a longer period, which usually results in having to pay more in total interest.
  • Extra Fees: Some online loan providers may charge you a loan origination fee, which tends to be between 1% and 10% of the total loan amount, and it is usually deducted before they send your approved funds to your account. In this respect, it is important to always make sure that you don’t accept a loan offer before they fully disclose all fees.
  • Credit requirements: Most lenders will have a minimum credit score requirement that can potentially make it difficult for those with a bad credit history to qualify for loans like OppLoans. As such, if you have a less-than-stellar credit rating, you are more likely to secure approval by choosing a lender with less stringent qualifications.
  • Credit-building offers: Most reputable loan providers will usually report all loan repayments to the three main credit bureaus (Experian, Equifax, and TransUnion). And when this happens, it can either help you to build up your credit rating if you are on time with your payments, or damage it if you default on your repayments. As such, you should always keep an eye out for those lenders that offer such benefits, as taking out a personal installment loan can be a great way to boost your credit score considerably.

Is It Possible to Apply for an Instalment Loan With No Credit Check?

No. And in the event that a credit lender or broker offers you an installment loan without conducting any credit checks, then you should avoid doing business with them because there is a high chance that they are fraudulent.

However, there is a difference between applying for installment loans online and through a traditional lender in that most credit lenders will typically initiate a soft credit check rather than a hard credit inquiry in order to verify the information you provided in the application form.

And this can often be an advantage because while hard credit checks can negatively impact your credit score, soft credit checks do not reflect on your credit report, thereby leaving your credit score intact. Also, since most lenders don’t usually conduct hard credit checks, this inadvertently improves your chances of being approved for a loan, even with a bad credit history.

However, it is always good practice to ask the lender for clarification on whether or not they will be carrying out a hard credit check before approving your installment loan, as every loan provider tends to come with its own terms and conditions.


While it can often be difficult to secure financing with a less-than-stellar credit rating, there are a wide variety of options that you can take if you know where to look. And even though few of those options are truly guaranteed, many of the lenders on this list have flexible requirements that can help you secure the funding you need.

Plus, the hidden benefit of taking out installment loans online for bad credit is that they can also be a great way to build up your credit score, as making consistent payments on the amount borrowed shows the credit bureaus that you’re reliable and have the funds to pay off your full loan amount. However, when comparing installment loans, it is important to always examine each factor of the loan instead of focusing solely on the size of your monthly payment.

After all, while it can often be tempting to choose the longest loan possible to keep your monthly interest payments low, the problem is that by extending the repayment period, you are essentially increasing the number of interest payments you will need to make, which ultimately makes the loan more expensive overall.