Top 5 Best Installment Loans Online for Bad Credit & No Credit Check 2022

  • Friday, July 22, 2022 5:16pm
  • Blog

Thanks to the ever-rising cost of living, installment loans can be life-saving for many Americans. Global inflation has resulted in more and more Americans applying for installment loans just to keep up with their monthly bills without dipping into their nest egg when there’s an emergency. This is mainly because installment loans are quick and easy to apply for, and just about anyone can do so. Online installment loans make it possible for borrowers to get cash quickly, as most installment loan lenders payout within 24 hours. The number one reason Americans apply for installment loans is that they are over-indebted and need financial relief in a hurry.

When you apply for online installment loans, you are applying for money that you can use to pay for anything you want and need. You can use the cash advance to pay bills, and medical expenses, buy groceries or fund a holiday. But, finding the right lender for personal installment loans can be tricky, as each lender has its own deals, interest rates, and repayment terms. This editor’s pick of the top five installment loans will give you a better idea of which loan finder sites would be the best fit for you. It also focuses on how much you can expect to borrow, APS, eligibility criteria, and what to consider when making your choice.

Best Installment Loans Online – Quick Overview

Best Installment Loans for Bad Credit of 2022

1. Viva Payday Loans – Best Overall Broker for Installment Loans


For the overall best long matching site for online installment loans, Viva Payday Loans is a top pick. Viva Payday Loans has a quick and easy-to-understand application process that is open to anyone who wishes to use their services. The application process can be done entirely online in 5 minutes or less. To complete the application form, you must enter the following details: your full legal name, date of birth, monthly income, contact information, and monthly expenses. This will help Viva Payday Loans match you to the lenders best suited for your needs.

One of Viva Payday Loans key features is its relatively quick payout period. Typically, successful applicants will receive their money in 24 hours or less on installment loans online. For those looking for instant funding installment loans, Viva Payday Loans is the next best bet! Because most lenders report getting their cash in as little as 60 minutes! Viva Payday Loans may not offer installment loans no credit check because US regulations stipulate that lenders should carry out credit checks, but they do offer some of the most viable alternative options seen on the market. Lenders on their panel offer installment loans between $100 and $5000 and offer repayment terms of 2 to 24 months.

You also won’t need to worry about being charged a ridiculously high-interest rate either, as lenders available through Viva Payday Loans cap their interest rates at 35.99%. If you’ve been wondering if you should be hunting for guaranteed installment loans for bad credit, rest assured that there is no need. Loans cannot be guaranteed without further checks by the lender, but when you’re dealing with a professional loan-matching service such as this one, you’re more likely to get loan approval from the lenders on their panel than if you tried applying independently at a handful of brokers and loan houses out there.

Viva Payday Loans allows anyone over the age of 18 with a monthly income of $1000+ to apply. This is a beacon of hope for individuals who desperately need a cash injection but feel they’ll be unable to receive the help they need simply because they have a bad credit history or don’t earn a very high salary. This policy gives individuals with poor credit scores the opportunity to repair and boost their records by proving they can repay a loan on time and in full without defaulting on any installments.

The opposite may also apply, though, because if you miss an installment or pay installments late, it may have a negative effect on your record. Reading through installment loans contracts is important before signing the agreement – just to make sure you’re aware of the terms and regulations. Lastly, lenders on Viva Payday Loans won’t insist that your income comes from a traditional 9-to-5 job. Their main focus is that you can prove you have a consistent income that meets the minimum requirements. Many of the borrowers receiving online installment loans from Viva Payday Loans get their monthly earnings from freelance work, contract work, receiving benefits, child support payments, or spousal support.

Eligibility Requirements of Personal Installment Loans

  • 18+ years minimum age

  • Permanent resident or citizen of the USA

  • Valid ID

  • Minimum monthly income of $1000

  • An active bank account that supports direct deposit

  • Supportive documents such as a copy of your ID, proof of address, pay slips (your latest 3), bank statements (latest three months), etc.

Pros of Personal Installment Loans

  • Loan payout within 60 minutes of approval

  • Up to $5000 can be borrowed per loan

  • Flexible repayment period of 2 to 24 months

Cons of Guaranteed Installment Loans For Bad Credit

  • Interest rates can reach as high as 35.99% per loan

>> Click here to request funds with Viva Payday Loans <<

2. Low Credit Finance – Best For Guaranteed Installment Loans For Bad Credit


If you are looking for a loan finder service that can pair you with guaranteed installment loans for bad credit no credit check, you can expect to struggle. Instead, loan finders present you with more viable options in the form of alternative loans that are simple to qualify for and come with reasonable terms. These loans are provided by reputable lenders. And this is the type of service you can expect from Low Credit Finance.

Low Credit Finance is well known in the loan matching industry for only working with well-reputed lenders and allowing anyone to apply for personal installment loans. This doesn’t just mean you are guaranteed to get the cash you need when using Low Credit Finance, but does increase your chances as several lenders will consider your request. Why do so many bad credit or low credit borrowers flock to Low Credit Finance? That’s an easy one to answer. While Low Credit Finance might not check your credit themselves, the lenders they play host to are legally required to. However, when considering your loan, these lenders will consider other factors, such as your expense-to-income ratio.

When investigating the Low Credit Finance platform, there’s no promise of borrowers getting online installment loans instant approval. Instead, the platform connects lenders and borrowers most likely to form a mutually beneficial relationship, and has a high approval rate. Whether you’ve got good or bad credit, you’re welcome to apply for a loan of any amount between $100 and $5000 and can choose to repay it over a period of 2 to 24 months. You can expect the interest to range from 5.99% to 35.99% on your loan. While we agree that this is higher than the average interest rate of a bank loan, it is much lower than what some lenders may charge you (upwards of 200% sometimes in some cases!) in the online installment loans market.

Low Credit Finance also keeps its application process nice and easy. You will need maybe 5 minutes to fill out the application form, and will need to provide the following details: your full name, date of birth, monthly income, and monthly expenses. Once you have completed the application form and submitted it, you will receive an outcome in 2 or fewer minutes. If you are approved, you will need to finalize your application via the lender’s/broker’s website, after which you can expect to receive your money within one business day. You don’t need to break your back looking for bad credit installment loans or online installment loans instant approval when using Low Credit Finance as your loan-finder as many of their associated lenders do help those with low FICO scores and pay out loans pretty quickly.

Eligibility Requirements for Alternatives to Bad Credit Installment Loans

  • You should be at least 18 years old

  • Have legal US citizenship or residency

  • An active mobile phone and number

  • A monthly income of $1000 or more

  • A valid form of ID

Pros of Online Installment Loans Instant Approval

  • You can repay the loan in small monthly or weekly installments

  • Individuals with low credit scores are welcome (an affordability assessment may be required)

  • Application feedback within 2 minutes

Cons of Online Installment Loans Instant Approval

  • A successful application does not guarantee approval

>> Click here to request funds with Low Credit Finance <<

3. Green Dollar Loans – Best For Quick Payday Installment Loans


What we have found is that when it comes to quick payout periods, nobody does it better than Green Dollar Loans. If you are over 18 years old, earn no less than $250 per week (or $1000 per month) and have an active bank account that allows direct debits, you are welcome to apply for an installment loan with Green Dollar Loans.

When you apply for online installment loans, you typically need money urgently, and the lenders on the Green Dollar Loans panel seem to have a good understanding of this. By applying for installment loans near me via Green Dollar Loans, you can expect to receive a payout in 24 hours or less. You can also expect only to be paired with well-reputed, established lenders, which makes getting the best possible deal a breeze.

By using Green Dollar Loans, you can apply for instant funding installment loans of between $500 and $5000 with a repayment period of 3 to 24 months. You will also be charged a maximum interest rate of 35.99%, so you can rest easy knowing your loan, while more expensive than the average bank loan, won’t cost you an arm and a leg! For those hunting the market for installment loans bad credit, your best bet is to consider the various installment loans via the Green Dollar Loans website.

The online application form with Green Dollar Loans is quick and easy. While the platform doesn’t advertise guaranteed installment loans for bad credit no credit check, their panel of lenders do consider more than just FICO scores when considering loan applications. For this reason, you will be expected to pass an affordability assessment which is when lenders compare your income vs. expenses.

It’s extremely easy to get a loan via the Green Dollar Loans website. Simply open up the application form, fill it in online (100% digital process), be meticulous with answering the questions on the form accurately and hit the “submit” button when you’re done. 2 minutes is all it takes to get pre-approval (or rejection) and once that happens, you can decide whether to go ahead or not. Thereafter, the process is pretty quick with the lender verifying the information provided, forwarding a loan contract to be read and signed, and then forwarding the cash as required. An easier application process couldn’t be imagined.

Eligibility Requirements of Instant Funding Installment Loans

  • Be 18 years old+

  • Be a citizen or permanent resident of the US

  • An active bank account that can accept direct deposits

  • Earn $1000 or more each month for at least three months

  • Have a healthy debt-to-income ratio

Pros of Instant funding Installment Loans

  • Loan payout within 24 hours of approval

  • Up to $10,000 can be borrowed per loan

  • Up to 24 months to repay your loan

Cons of Online Installment Loans No Credit Check Alternatives

  • Credit checks may apply

>> Click here to request funds with Green Dollar Loans <<

4. Big Buck Loans – Best For Instant No Credit Check Installment Loans Alternatives


As far as alternatives go for those seeking instant installment loans no credit check, the various online installment loans at Big Buck Loans are your best bet. Not only is Big Buck Loans well-reputed, but they also only work with the most trustworthy lenders out there. You can apply for installment loans of $100 to $5000 via Big Buck Loans and negotiate a suitable repayment period directly with the lender or broker. Applying for a loan via this loan-finder site takes just a few moments.

You’ll be asked the general questions when applying for credit such as your personal details, banking details, and earning particulars. While lenders on the Big Buck Loans panel will investigate your FICO score, it won’t be the only factor that can get you approved for a loan.

One of the perks of the Big Buck Loans service is that it’s completely free to use. Interest rates don’t go higher than 35.99% interest on your loan. Applying on Big Buck Loans is a quick and easy process. The application process for Big Buck Loans is entirely online, making it convenient for those who don’t have time to leave home or the office to get the finance they need.

If you’ve been looking for instant funding installment loans, look no further. Once your application has been verified and approved, the lenders in question will ensure the funds are paid out in the shortest space of time. Many borrowers report getting the cash within 60 minutes, while others get the money in around 24 hours.

Keep in mind that Big Buck Loans is not a lender. Instead, the platform provides an automated system that links borrowers with the lenders who are most likely to approve and pay out their loan. There’s no guarantee involved, but Big Buck Loans has a great approval rate and if you’re reasonable in your loan request, you stand a high chance of getting the cash you want and need.

Eligibility Requirements of Online Installment Loans

  • Only applicants of 18+ allowed

  • Permanent resident or citizen of the USA

  • Valid ID

  • Minimum monthly income of $1000

  • An active bank account that supports direct deposit

Pros of Installment Loans Bad Credit

  • 24-hour payout after approval

  • 100% online application

  • One application reaches multiple lenders

Cons of Installment Loans Bad Credit

  • Up to 35.99% interest

>> Click here to request funds with Big Buck Loans <<

5. Credit Clock – Best For Same Day Installment Loans


The last editor’s pick of loan finder sites on our list is Credit Clock. Credit Clock is another brand that’s gaining popularity when it comes to installment loans online. Many borrowers who have spent hours trawling the online space for online installment loans no credit check soon turn to Credit Clock to help them find a loan that’s best suited to their financial situation. While credit checks are an avoidable thing in the loans industry, having a low FICO score doesn’t automatically mean you can’t get a loan! You may find that loan amounts are smaller for you and that the interest expected is higher.

Regardless of your credit score, you can apply for a loan of between $100 and $5000 with up to 24 months to pay. And you can use installment loans to pay for just about anything from paying for a school field trip, buying groceries, or covering an emergency expense.

Credit Clock only associates with reputable lenders, which gives borrowers peace of mind when taking out a loan. Interest ranges from 5.99% to 35.99%. If you are of legal age (18+) and have earned a monthly income of $1000+ for the last three months or longer, you can apply for installment loans via Credit Clock. Simply complete the online application form in a few minutes and expect to get the cash on approved loans on the same day. Ensure that you have your supporting documents on hand from the start of the application – delays often happen because of incorrect information provided or not having supporting documents readily available.

Eligibility Requirements of Alternatives to Installment Loans No Credit Check

  • Applicants must be 18+

  • Permanent resident or citizen of the USA

  • Valid ID

  • Earn no less than $250 per week

  • An active bank account that supports direct deposit

Pros No Credit Check Installment Loans

  • Easy loan terms

  • Flexible loan amounts up to $1000

  • Get the cash on the same day

Cons of No Credit Check Installment Loans

  • High but not outrageous APR

>> Click here to request funds with Credit Clock <<

What Are Installment Loans & How Do They Work?

Installments loans are any loan you have taken out that is repaid in fixed monthly amounts over a certain period. This installment can be paid weekly, bi-weekly or monthly, depending on how you get paid. Examples of installment loans include home loans, personal loans, payday loans, and many more. Installment loans online work by allowing you to borrow a sum of money and then pay that amount off in affordable installments rather than having to save for years or decades to purchase what you want/need.

When using loan matching sites to apply for personal installment loans, you can typically borrow between $100 and $5000 per installment loan, but this can vary between loan finder sites. For example, some sites may only let you borrow as much as $2000, whereas others may allow you to borrow up to $10,000.

Borrowers unsuccessful in finding installment loans no credit check online often find that what loan-finder sites have to offer make for exceptional alternatives. But how do they work?

Loan finder sites are not lenders and don’t provide you with the loan, nor do they require you to pass a credit check to apply. They gather the required information to match you with a suitable lender. The lender verifies the information provided and verify it before providing the loan. Once the loan has been granted, you will need to ensure that you pay the installments on time and in full each month.

How to Apply for Installment Loans Near Me in Quick Steps

Here are the simple steps to apply for installment loans near me:

Step 1: Choose Your Loan Amount And Repayment Period

The first thing to do is select the loan amount and term required. You can do this by using the sliders found on the loan finder’s platform.

Step 2: Complete The Installment Loans Application Form

The application form is quick and easy. Simply put your personal details into the form and hit the submit button.

Step 3: Wait For A Decision

Loan-finder decisions are quick because the system is automated. Whether you’re hunting for bad credit installment loans or simply want a quick cash advance to get you to your next payday, you will know what the outcome is within 2 short minutes. If you are pre-approved and would like to finalize the loan, you will be forwarded to the lender/borrower’s site to complete the application.

Step 4: Finalize Your Application, Get Paid

When finalizing the loan application, you will be asked to provide your supporting documents to confirm that all the details on your application form are accurate. These documents include a copy of your ID, proof of address, your latest three pay slips, and the latest three months’ bank statements. After you have done so, and the lender is happy, you will be sent a contract which you will need to read, sign and send back. After the lender has received the signed contract, you will receive your money via direct deposit in 1 business day (within 24 hours in most cases). If you are lucky, you may be paid within 60 minutes.

Installment Loans Features & Factors To Consider

There are many features and factors to consider when applying for the best alternatives to guaranteed installment loans for bad credit. Below is a quick overview.

Only Borrow What You Can Afford to Repay

If you’re looking for guaranteed installment loans for bad credit, you undoubtedly need to find finance options that don’t over-indebt you. Make wise choices! Only apply for a loan if you can genuinely afford the expected monthly installments.

Make Interest Rate Comparisons

When applying for installment loans, you need to do research into how much interest you may be charged on your loan. The maximum interest rate between lenders will vary. For example, some lenders charge as little as 5.99% interest, whereas others may charge you upwards of 200%! Getting the lowest possible interest rate for instant funding installment loans should be your goal, as it will mean paying a lower installment each week/month.

Do Your Homework – Budget Properly

When you apply for installment loans no credit check alternatives, you need to know how long you will need to repay it. This is because the interest rates charged on installment loans bad credit tend to get higher the longer you need to pay for the loan. The repayment period also determines how much or little your weekly/monthly installments will be, so think long and hard before you make your final decision.

Only Use A Reputable Loan Finding Service And Lenders

If you’re hunting for online installment loans no credit check, you may have encountered unscrupulous lenders offering less than perfect deals. Don’t allow desperation or impulsive thinking spur you to make a poor decision for your finances. It’s better to turn to providers of viable installment loans that have safeguards in place for both the lender and borrower. That’s what you will find when you make use of a reputable loan-finder site.

How Did We Choose The Best Installment Loans Providers?

Choosing the best matching sites for installment loans was quite the task, with so many options available on the market. We looked for the following to put together our editor’s top pick:

  • Lenders that pay out within 24 hours or less.

  • An online application and pre-approval process that takes just a few minutes.

  • Flexible repayment periods of 2 to 24 months.

  • Interest of no more than 35.99%.


Borrowers seeking out reputable installment loans for bad credit need not search anymore. While there’s no particular loan aimed at bad credit borrows, many lenders that can be accessed through loan finder sites can still help low FICO borrowers get access to the money they require, if they meet with other eligibility requirements. By using the editor’s pick of best installment loans mentioned above, you can find lenders that are the best possible fit for you. While Viva Payday Loans is our top overall pick, we stand behind each of the loan-finders mentioned above – with their help, your hunt for the right installment loans will soon be over.


Are Installment Loans Online Hard To Apply For?

No, on the contrary, installment loans online are quite simple and quick to apply for. By using a loan matching service or website such as Viva Payday Loans, you can apply to many different lenders with one application form. To complete the application form, you will need about 5 minutes, a steady internet connection, and any device capable of going online. In addition, you will be required to supply details such as your full name, date of birth, monthly income, and contact details. After you have completed the application form, you will receive feedback in 2 minutes or less. If you are approved, you will be directed to the lender’s website to complete the process. It’s a good idea to have your supporting documents with you from the beginning of the application process, so that there are no unnecessary delays. These include your ID, proof of address, bank statements, and latest three payslips. After your documents have been received and confirmed to be correct, you will receive a contract to sign, and you will be paid out within 24 hours (up to 1 business day).

Is It Really Possible To Apply For No Credit Check Installment Loans?

There’s a misconception out there that it’s possible to get cash in a hurry through no credit check installment loans. While lenders do provide loans to low credit borrowers, there is still a credit check involved. It’s just not the sole deciding factor in the loan application. There are many different alternatives to no credit check installment loans you can apply for using a loan matching service. Lenders will carry out the credit check but may still provide you with a loan.

Are Online Installment Loans Good Or Bad For My Credit?

Online installment loans can be an excellent way to build or repair your credit. This can be achieved by paying each installment on time and in full. However, if you default on an installment (miss a payment) or pay an installment after it is due, it may negatively affect your credit. In addition, paying an installment late may also result in late fees or penalties that you will be required to pay as well. So be careful when you take out any type of loan, and be sure you understand all the terms and conditions surrounding it.

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 U.S residents only.

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