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Easy Installment Loans from LoanNow – Get Cash in Minutes!

Payday lenders claim to offer easy installment loans. And on the surface, payday loans do appear to be easy, especially those that are administered online. The application process can be completed on your own computer and typically requires well under an hour. If you’re approved funds from the loan are deposited automatically into your bank account. Repayment is easy too – the payday loan company makes an automatic withdrawal from your account on the designated day. But beware of what you might actually be getting yourself into.

easy installment loansThe Payday Loan Trap

At first glance, payday lenders may appear to offer quick and easy installment loans. If you have a job or other source of steady income plus a checking account, qualifying for payday loans is often both quick and easy.  Repayment, on the other hand can quickly become a lengthy nightmare.

Automatic repayments are actually intrinsic to the payday loan trap. That’s because the repayment period for what payday lenders call easy installment loans is often barely longer than that for conventional payday loans.  Add astronomical interest rates and the result is a majority of borrowers who are unable to repay their loans in full. That triggers the trap – the first of what often becomes many renewals, each of which increases rather than reduces the amount that you owe. There’s nothing easy about that.

What About Banks As A Source For Easy Installment Loans?

Very few people would claim that banks offer quick and easy installment loans. The installment loan part of the equation is covered: personal loans from banks and finance companies usually carry manageable repayment periods – often at least 12 months or even longer.

But qualifying for bank loans is far from easy for many potential borrowers. Especially since the beginning of the financial crisis, many banks have significantly tightened their lending standards. Borrowers with less than stellar credit need not apply. And the application process for bank loans can move very slowly.

The LoanNow Difference: Installment Loans Made Easy!easy installment loans

LoanNow offers truly easy installment loans that match the initial convenience of payday loans – but with reasonable repayment periods that are measured in months, not weeks or days. Our technology-driven operations and superior underwriting allow us to minimize costly defaults and overhead – and pass the savings on to you in the form of interest rates as low as 29 percent.

We make the application process for our loans easy too. Our user friendly website and standard online-only application process takes the anxiety out of the application process for the vast majority of borrowers.

All the verification is completed online with no paperwork and no faxing required**.  Most borrowers receive a response within 24 hours, and borrowers who complete the application and approval process before 4 p.m. Pacific Standard time can receive their money within minutes*, thanks to our innovative Instant Funding technology.

But we also have a mission to help as many people as possible. So we look beyond FICO scores and review each applicant’s entire financial profiles, which allow us to approve many borrowers who have been turned down by other lenders. As a result, our underwriters sometimes request certain applicants to provide additional documentation.   When we do request additional documentation, we explain exactly what we need and why we need it. With LoanNow, transparency is an essential element to how we work.

At LoanNow, easy installment loans are more than a gimmick, a slogan or an advertising angle – it’s what we do. If you’d like to experience the LoanNow difference, why not start your application today!

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Why LoanNow

  • 5-Minute Application

    All it takes is a few minutes. We’re fast, easy and headache-free.

  • Fast & Easy Approval

    Get your quick loan approval online. Money in minutes. †

  • Deposit to Your Account

    Funds are deposited fast into your bank account! ‡

How It Works

  • Apply Now

    Complete our easy online application. It takes 5 minutes and there is no paperwork and no faxing required.

  • Get Approved

    You will get a quick loan approval decision. We are a direct lender so there is no long wait for an answer.

  • Get Your Money

    We deposit your money right into your bank account. Your installment loan payments come from the same account - automatic, no hassles.

What We're About

  • "We believe we can change the world by helping people with less than great credit get back on track."

    Miron, The Team

  • "Our loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties."

    Harry, The Team

  • "Our mission is to build the fastest & easiest way to get a loan."

    Jesse, The Team

Grow Your Score

Our personal loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties. Together, we grow your LoanNow score to unlock better rates.

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* Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. Subject to underwriting approval.

** Subject to online availability and underwriting may request additional items prior to final approval.

† Loan approvals are subject to underwriting criteria and the approval process may take longer if required items are not able to be verified online or additional items are requested.

‡ Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. One’s bank will determine when funds are actually available.

LoanNow Trustpilot Rating: 9.3 out of 10 based on 570 reviews as of March 2016. SuperMoney Rating: 9.5 out of 10 based on 55 reviews.