- What is an installment loan?

Installment loan is a better alternative for payday loans. You get a larger loan that can be paid off on a schedule. You can create your own unique schedule that best fits your personal needs.

- How much can I borrow?

With InstallmentAmerica you can qualify for up to $1500.

- How long does the application process take?

The installment loan application process takes just a few minutes. You don’t have to provide any documents or proof of identity. Simply fill out our short application form online and get approval within a couple of hours.

- What can an installment loan be used for?

You can use installment loans to cover any emergency expenses and for any other purposes.

- What are the fees charged on installment loans?

Fees vary by loan amount and your state. Generally, you’ll have to pay $20 for every $100 borrowed.

- Do I qualify for an installment loan?

You must be aged 18 and over, a U.S. resident, in permanent employment with a regular monthly income over $800. If you meet these minimal requirements, you’ll be able to qualify for an installment loan.

- What if I have bad credit?

You can qualify for an installment loan even if you have no or poor credit. We don`t perform credit checks to anyone.

- What if I’m self-employed?

Unfortunately, we don’t provide installment loans to people who are self-employed.

- What information do I need to provide?

You must provide us with required personal and banking information. We ensure that your information is kept secure and confidential.

- Do I need to fax any documents?

No. We offer a faxless service. You provide all necessary information in your online application.

- How do I receive the funds?

The process is very convenient. Once your application is approved, the loan amount is electronically deposited into your bank account.

- Can I get more than one installment loan at a time?

No. All previous loans must be paid off before another may be received.

- How do I pay back my loan?

Just as with receiving the funds, the withdrawal process is automatic. Loan amount plus fees will be electronically withdrawn from your bank account via an ACH transaction on the due date.

- Can I pay back my loan before the due date?

Yes, you’re always welcome to pay back your installment loan before your due date. There will be no prepayment penalties.

- What happens if I can`t pay back my installment loan on the due date?

If you can`t pay off your loan on the due date, please contact us immediately to see what extension options are available.

- Will I be notified before the withdrawal of the funds from my bank account?

Of course, you will be notified either by phone or email a few days before your loan is due.