Payday Loans and Fast Cash Guide | What Does It Take To Get Short Term Installment Loans?

What Does It Take To Get Short Term Installment Loans?

Short term installment loans come in a few varieties, but these loans all share the common thread that they’re a lot like payday loans. In this post I want to show you how this works, and offer a lender that can help you out very quickly.

It’s important to understand that any loan that is repaid over more than one installment falls into this category. This post will look at loans that can be repaid anywhere from two weeks to a couple of months. Also, be aware that installment loans like this are not cheap by any means. If you’re looking for a payday loan with low rates, check out our page on Payday Max. At the end of this post, bank loans are discussed as a viable option to save money.

Where To Find Your Installment Loan

You can get your loan either online or in your city (assuming you live near a lender). The loans are almost the same, but you can expect a local lender to be much faster than an online one since they are capable of writing you a check, rather than having to wait for the cash to show up in your checking account. These short term installment loans will be repaid between your next payday and a few months.


As far as online installment loan lenders go, 100 Day Loans helps a lot of people out. They are a lot like payday loans in terms of fees, but they allow much more time to get the loan repaid. The state that you live and your monthly income will determine how much you can qualify for, but they generally offer higher payouts than other lenders. Most loans will be able to be repaid in 100 days, but there is generally no penalty for repaying the loan early. Clicking on that little box to the left will take you to their site.

What About Local Options?

As I said, local installment loans are normally much faster, and this may be a huge priority of yours. If this is the case, simply grab your local phone book and start calling around to your local payday loan lenders. It is likely that there will be some that are offering something with longer terms than a regular payday loan.

A benefit of getting it through any payday lender (online or offline) is that they’re likely to offer installment loans for bad credit. These lenders don’t really care what your credit score is, all they want to know is if you meet their qualifications and how much money you make each month.

Don’t Forget About Your Bank

If you have a decent credit score and a couple of days to wait you can easily get an installment loan from your local bank or credit union. Banks have clamped down on small loans, but if you have a good relationship with them they may be able to help you out.

The biggest benefit that comes with this is the huge savings in interest. Banks fall under different interest rate regulations than payday lenders do, which means that they will charge you significantly less.

Just remember that it will take a while for the bank to run your credit and process your loan, so if you take this route, please be patient.

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