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Installment Loans

Loans built with flexible payment options

Loan details

Amounts from:

$500 - $100,000

Rates starting from:


Terms from:

9 – 240 Months

Not sure which loan to apply for?

View all of our loans to see the one that’s right for you.

Most commonly used for:


Bill Payments


Debt Consolidation


Home & Auto Repairs

What is an installment loan?

An installment loan is one of the most basic ways to borrow money and pay it back over a set period of time. You receive a lump sum of money, at a fixed interest rate and pay the loan back in regularly scheduled installments. Each payment is a combination of the amount you borrowed plus a portion of the interest you agreed to pay.

How does an installment loan work?

At easyfinancial our installment loans offer flexible payment options. You can personalize your term (from 9 to 240 months) and get a fixed payment amount comprised of principal and interest. With each payment, the amount of principal balance owing gets reduced until it’s at zero and the loan has been repaid in full.

Use our calculator to estimate your payments.

4 parts of an installment loan

An easyfinancial loan specialist can help you pick a length of time that works best for you and your budget so the payments are easy to manage.

Types of installment loans

Personal loan Cover unexpected expenses, pay bills or consolidate debt or buy what you need with no collateral. Repay on a weekly, biweekly, bimonthly or monthly basis.

Home equity loan Use the equity in your home to help you get access to more money at lower rates.

Auto loan Find out how much you can borrow and shop with confidence through our nationwide network of pre-approved auto dealers.

The easyfinancial difference

Our goal is to help you get the money you need today while rebuilding your credit.

  • No credit history required

  • Apply online – only takes a few minutes

  • Get pre-approved in under 10 mins for most loans

  • Pay down your loan with no fees or penalty

Installment loans and bad credit

When banks aren’t an option, easyfinancial can help. Bad credit shouldn’t be an obstacle to getting the essential money you need today. But improving your credit score is an important part of life. We help people with lower scores get access to the money they need because we look at your full financial profile and not just your score.

Plus, with every on-time payment you make toward your installment loan, you can qualify for a better interest rate and help rebuild your credit score. Be a part of the 60% of easyfinancial customers who improve their credit score over the course of paying off their loan. That’s the easyfinancial difference.

Apply in 3 easy steps


Apply on the phone, online or at one of over 400 locations nationally


Submit your documents


Get your money as soon as today

See what


you need to apply.

Value-Added Services

Value-added services


Loan Protection



Home & Auto

Benefit Plan





Free Financial


What people love about us

Have questions? We can help.

What credit score do I need for easyfinancial?

This is determined on a case-by-case basis. We use many factors to approve applicants for a loan, including monthly income and credit score. We factor in your debt-to-income ratio (50%), debts in collections, car payments, and monthly debt obligations. Those with bad credit (300-720) are encouraged to apply.

What is a soft inquiry and how is it different than a hard inquiry?

A soft inquiry is when your credit report is pulled for informational purposes and does not affect your credit score. A soft inquiry is simply a review of your credit report that's used to determine if you are eligible for a pre-approved offer and may be used to verify who you are.  When a company conducts a soft inquiry, this is only visible to you, and is not seen by other lenders therefore it will not negatively affect your credit score. 

A hard inquiry is when a credit report is requested from the credit bureau for the purpose of evaluating you as a borrower. A hard inquiry can affect your credit score and can be seen by other lenders. However, keep in mind that hard inquiries are only one of the five major factors that help determine your credit score.  Other factors such a payment history and credit utilization play a much bigger role in determining your credit score. 

What documents are needed to get an approval?

We require the following documents:

2 recent pay stubs

  1. Last 90 days of banking information 

  2. 1 recent bill addressed to your current home 

  3. A piece of government photo ID