5 Best Installment Loans For Bad Credit No Credit Check Guaranteed Approval 2023

Mihai-Alexandru Cristea 30/12/2022 | 16:06

Thanks to specialized lenders, you can access some of the best installment loans with low annual percentage interest rates (APRs). Installment loans for bad credit are suitable for borrowers with low or non-existent credit scores. 

 

Different online installment loans are available, including guaranteed installment loans for bad credit alternatives, online installment loans instant approval, personal installment loans, no credit check installment loans alternatives, instant funding installment loans and tribal installment loans direct lenders no credit check. 

Not all lenders who offer bad credit installment loans are created equal. Some can be expensive and unreliable, and you may end up with installment loans bad credit that are costly and unsuitable. This guide explores top loan-finding platforms that provide a free service to find the best online installment loans no credit check alternatives

 

Installment Loans Online Guaranteed Approval

  • Big Buck Loans: Overall Best for Installment Loans Online with Low APRs
  • Low Credit Finance: Best for Speedy Installment Loans for Bad Credit for Borrowers in a Hurry
  • Heart Paydays: Best for Online Installment Loans for Bad Credit Applicants with a Monthly Income of $1000+ 
  • Viva Payday Loans: Best for Guaranteed Installment Loans for Bad Credit Alternatives up to $5000 with Simple Eligibility Requirements
  • Green Dollar Loans: Best for Personal Installment Loans for Unemployed Borrowers

 

Top 5 Best Installment Loans Online for Bad Credit 2023

Big Buck Loans: Overall Best for Installment Loans Online with Low APRs

Quick Ratings

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

Bad Credit Loans with low APRs are readily available at Big Buck Loans and range from $100 to $5000 with interest that variers per lender but is typically between 5.99% and 35.99%. Repayment terms range from 3 to 24 months. We find the streamlined process and low APRs a major drawcard for using this platform.

Highlights of Installment Loans Online with Low APRs

  • Fast loan process
  • Quick lending decisions 
  • Affordable loans
  • Flexible repayments
  • Quick disbursements

Eligibility Criteria of Low APR Installment Loans Online at Big Buck Loans

  • Minimum of 18 years
  • US citizen or permanent resident 
  • Earn $1,000 monthly

Costs and APRs of Installment Loans Online with Low APRs

  • APRs 5.99% to 35.99%
  • Late repayment costs

 

Low Credit Finance: Best for Speedy Installment Loans for Bad Credit for Borrowers in a Hurry

Quick Ratings

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

Low Credit Finance is a loan finder that offers speedy processing of installment loans for bad credit. It’s the ideal place to apply for installment loans for bad credit if you’re in a hurry. As a bad credit borrower, you’ll have access to loans between $100 and $5000 with 3 to 24 months to pay. The interest offered by the lenders on the Low Credit Finance platform is average, with the lowest being 5.99% and the highest APR being 35.99%.

Highlights of Speedy Installment Loans for Bad Credit Borrowers in a Hurry

  • Fast online process
  • Lensing decision within 2 minutes
  • Swift disbursements
  • Zero paperwork
  • Easy eligibility 

Eligibility Criteria of Speedy Installment Loans for Bad Credit Borrowers in a Hurry

  • 18 years or older
  • US bank account with direct deposit
  • Supporting documents: ID and proof of income, and address

Costs and APRs of Installment Loans for Bad Credit Borrowers in a Hurry

  • Interest 5.99% to 35.99%
  • Early settlement fees

 

Heart Paydays: Best for Online Installment Loans for Bad Credit Applicants with a Monthly Income of $1000+ 

Quick Ratings

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

Heart Paydays offers quick and easy access to online installment loans for bad credit applicants earning a monthly income of $1000+. The amounts you can access start low at $100 but range to $5000. You can pay online loans for bad credit off over 3 to 24 months, depending on how much you borrow and can expect interest between 5.99% and 35.99%.

Highlights of Online Installment Loans for Bad Credit Applicants with a Monthly Income of $1000+

  • High loan amounts
  • Easy repayments
  • High acceptance rates
  • Hassle-free 
  • All credit scores welcome

Eligibility Criteria of Online Installment Loans for Bad Credit at Heart Paydays

  • 18 years and above
  • Earn $1,000 p/m
  • US citizen/permanent resident

Costs and APRs of Online Installment Loans for Bad Credit at Heart Paydays

  • Interest rates from 5.99% to 35.99%
  • Missed payment penalty

 

Viva Payday Loans: Best for Guaranteed Installment Loans for Bad Credit Alternatives up to $5000 with Simple Eligibility Requirements

Quick Ratings

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

Viva Payday Loans provides borrowers with access to some of the best guaranteed installment loans for bad credit alternatives on the market that range up to $5000 and have simple eligibility requirements attached. If you qualify, you can expect to get repayment options offered between 3 and 24 months and the interest is fairly reasonable at 5.99% to 35.99%.

Highlights of Guaranteed Installment Loans for Bad Credit Alternatives Up to $5000

  • Fast loan process
  • Quick decisions
  • Flexible repayments
  • Easy qualification criteria
  • Swift payouts

Eligibility Criteria of Guaranteed Installment Loans for Bad Credit Alternatives up to $5k

  • Minimum of 18 years
  • US citizens/residents
  • Active US bank account 

Costs and APRs Attached to Guaranteed Installment Loans for Bad Credit Alternatives up to $5000

  • Interest 5.99% to 35.99%
  • Early settlement penalties

 

Green Dollar Loans: Best for Personal Installment Loans for Unemployed Borrowers

Quick Ratings

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

Green Dollar Loans is a loan finder that is known for helping unemployed borrowers. In fact, here you can find personal installment loans for unemployed borrowers between $100 and $5000. When acquiring personal installment loans at Green Dollar Loans, you can expect the repayment options to be weekly, fortnightly, or monthly over 3 to 24 months with interest between 5.99% and 35.99%.

Highlights of Personal Installment Loans for Unemployed Borrowers

  • Inclusive lending
  • Flexible repayments
  • Affordable loans
  • All incomes accepted
  • Quick disbursements

Eligibility Criteria of Personal Installment Loans for Unemployed Borrowers

  • 18+ years of age
  • Earn $1000 monthly 
  • Pass affordability assessment

Costs and APRs of Personal Loans with Bad Credit for Unemployed

  • Interest 5.99% to 35.99%
  • Late repayment penalties

 

How Did We Choose the Best Providers of Bad Credit Installment Loans? 

We looked for lenders offering the following:

  • Flexible loan amounts 
  • Inclusive lending 
  • 100% online loan process
  • Quick lending decisions
  • Easy eligibility criteria

 

Types of Installment Loans Bad Credit 2023

Same Day Processing of Guaranteed Installment Loans for Bad Credit

Alternatives to guaranteed installment loans for bad credit are quickly processed within the same day, and you don’t have to worry about wasting time or getting delayed when you need funds in a hurry. They attract excellent deals from lenders with high loan amounts, low interest, and attractive repayment terms because the lender faces less risk.  

Installment Loans for Bad Credit with Low APRs

Installment loans for bad credit with low APRs allow you to make fixed monthly payments.

Installment Loans for Bad Credit Unemployed Applicants

Being unemployed and having bad credit can be a double obstacle when looking for a quick loan, especially among traditional lenders like banks. However, you can still access installment loans for bad credit unemployed applicants. 

Guaranteed Installment Loans for Bad Credit Direct Lenders Only Features and Factors to Consider

Alternatives to no credit check installment loans share the following features. 

Interest Rates on Installment Loans Bad Credit Online

Interest rates on installment loans for bad credit range from 5.99% to 35.99%. Your risk profile will influence the rate you get from the lender. 

Penalties Charged on Online Installment Loans No Credit Check Alternatives

Online installment loans no credit check alternatives can attract various penalties if you go against the terms and conditions of the agreement. These can include early settlement, late payment penalties, or collection penalties if the lender hires a collector to recover the funds. 

Amounts and Terms Available for Instant Funding Installment Loans

Instant funding installment loans allow you to borrow from $100 to $5,000. You’ll get flexible terms, and you can repay in 3 to 24 months with weekly, fortnightly, or monthly repayment frequencies. 

 

Top 5 Providers of Installment Loans Online 

Installment Loans for Bad Credit  Pros Cons
Big Buck Loans
  • Speedy loan process
  • Hassle-free borrowing
  • Fast disbursements
  • Apply in a few minutes online
  • Access reputable and trustworthy lenders
  • High-interest rates 
Low Credit Finance
  • Loans as high as $5000
  • Apply without a payslip
  • Easy repayment terms
  • Straightforward application
  • Different loan options are available
  • Interest rates can reach 35.99%
Heart Paydays
  • Loan flexibility
  • Interest starts at 5.99%
  • All credit scores welcome
  • Quick applications
  • Fast payouts
  • High interest
Viva Payday Loans
  • Easy application procedure
  • Direct debit to your account
  • Transparent lenders
  • Borrow from as little as $100
  • Inclusive lending, regardless of employment status or credit score
  • Loans can be expensive
Green Dollar Loans
  • Fast online application
  • Swift disbursements after approval
  • Easy to get low-interest rates
  • Flexible repayment terms
  • Affordable loan amounts
  • APR can be high

 

4 Steps to Apply for Online Installment Loans

Apply for installment loans online with Big Buck Loans through these easy steps. 

Step 1: Select the Online Installment Loan for Bad Credit Amount and Term

Start by choosing how much you want to borrow and select how long you need to repay. Bick Buck Loans offers $100 to $5,000 with repayments over 3 to 24 months. 

Step 2: Populate the Online Installment Loan for Bad Credit Application Form with Your Information

Fill in the online installment loan for bad credit application form to help lenders verify that you qualify for a loan. 

Step 3: Get Feedback on Online Installment Loan in 2 Minutes

Once you submit the completed application form, you’ll only need to wait 2 minutes for feedback. 

Step 4: Installment Loans for People with Bad Credit Paid Out Quickly

Once you’re connected to the lender, they’ll finalize the process and send you a loan contract to review and accept. Read it carefully and once you’re satisfied with the terms and conditions, sign and return it to the lender for your payout

 

FAQ’s

What Are Installment Loans for Bad Credit?

Installment loans for bad credit are financing options aimed at helping you when in a financial crisis like a shortage of earnings or emergency expense regardless of your credit score.

Will Applying for Installment Loans Affect My Credit Score?

No. Your credit score can only be affected negatively if you apply with too many lenders. With Big Buck Loans, you only need to make one application.

How Much Do I Need to Earn to Borrow Installment Personal Loans?

Most lenders require that you have a minimum income of $1,000 per month. 

How Much Can I Borrow with Online Installment Loans for Bad Credit?

When you apply for online no credit check loans for bad credit through Big Buck Loans, you get connected to lenders offering $100 to $5,000. 

How Do I Prove Income in Installment Loans Guaranteed Approval Alternatives for Unemployed?

You can provide other documents instead of a pay slip, including bank statements, annual tax returns, and profit and loss statements. 

Can I Get Personal Installment Loans with Bad Credit Scores Of 400?

Yes. But you need access to specialized lenders, and that’s where loan-finding platforms like Big Buck Loans come in. They can connect you to suitable lenders who offer personal loans with bad credit free of charge. 

Conclusion

Thanks to a speedy loan process, hassle-free borrowing with zero paperwork or red tape, quick lending decisions, affordable loan amounts, and flexible repayments, Big Buck Loans ranks as one of the top loan-finding platforms to apply for the best installment loans online for bad credit. Apply today with a few simple clicks and enjoy a fast process with swift payouts, no matter your credit score.

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. 

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Mihai-Alexandru Cristea | 19/12/2022 | 18:45

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