Pheabs can help find the best installment loans for you, working with reputable and legit lenders across the US. We act as a loans connection service, so we can match your loan enquiry with the lender who is most likely to accept you and offer the best rates possible. 

With both short-term and long-term options available, we offer an easy-to-use online application form and we do not charge any fees for applying. Whether you are looking for installment loans for 3 months, 6 months or more — we can find the right option for you, with no obligation, no fees and no impact to your credit score!

Minimum Loan Amount$100-$35,000
Representative APR6.99% to 400% APR
Speed of Transaction1 to 24 hours
Loan Term1 to 60 months
Credit ChecksYes
Fixed InterestYes

Our entire application is completely online and we do not charge any fees for applying. Whether you are looking for installment loans for 3 months, 6 months or more — we can find the right option for you, with no obligation, no fees and no impact to your credit score!

Step 1 – Apply

Consider how much you need to borrow and how long for — and complete our online application form in less than 5 minutes.

Step 2 – Get a Decision

Get an instant decision and receive a loan offer on the screen. To proceed, you can electronically sign our loan agreement in minutes.

Step 3 – Receive Funds

If approved, you can receive funds into your checking account within hours, the same day or next business day.

An installment loan allows you to spread repayments over several months, or installments. Whether you are applying for $300, $500 or $1,000, this gives the customer the flexibility to repay over a longer period of time, so they can get their finances in order and not feel the pressure to pay the entire loan back immediately, like with a payday loan.

This type of product can be unsecured or secured (with collateral), depending on the loan amount, the duration and the customer’s credit rating.

Loans with installments can be just a few weeks, or several months — and Pheabs gives you the option to choose how long you would like to borrow money for, whether it is 9 months, 18 months, 36 months or the maximum of 60 months (5 years).

You always have the option to repay early if you would like, so if you find that after a couple of months or half way through the loan term that you would like to clear your account, you can certainly do so — and you will save money overall since less interest has accrued. 

Representative Example*

Good credit: Borrow $30,000 with a 10.99% APR, repaid over 60 months. Total interest: $652.12 per month. Total repayment: $36,652.12

Bad credit: Borrow $1,000 at 100% APR, repaid over 12 months. Total interest: $620. Total repayment: $1,620.00

* We do not know how many customers take out a loan or the APR, this calculation is based on the mean APR of the lenders we work with

Yes, we can facilitate installment loans across the USA, so wherever you live, you can get the right product for you. We work with trusted and legit lenders across the West Coast including California and Texas and the East Cost of Illinois and Florida — and everywhere in between.

Your application will be connected to the lender who operates legally in your State, but we also work with national providers too — so you can get the best of both worlds.

You do not have to enter a store or visit a branch, since everything with Pheabs is handled online from start to finish. 

Installment loans can be used for everyday emergencies including car repairs, staying on top of credit card bills, paying off debts, home repairs, broken boilers, plumbing problems or for other family expenses.

This type of product can be used for any purpose, even to pay for weddings, funerals, holidays or purchase a new car.

This includes business purposes such as paying for your staff, buying inventory, paying a tax bill or to grow your company.

Short term and long term installment loans — When you apply, you can choose to borrow over a short term such as 1,3 or 6 months or you may prefer to borrow for long-term over 1,3 or 5 years. This may depend on your loan requirements and what you are using the finance for.

For an emergency purpose such as a medical bill, household repair or for paying rent, you find that just a few months will suffice. Otherwise, for something like debt consolidation, starting a business or paying college tuition, a long term option may be better suited. Either way, you always have the option to repay the loan early if you wish and you will often save money on the overall interest.

Unsecured — This is where your loan is not secured against physical or valuable such as a house or car. Instead, your eligibility is based on your income, credit score and affordability for a loan. If you cannot repay, you will be charged late fees and your credit score will be negatively affected, but your home or any other items will not be repossessed.

Secured — This is a loan which is connected to a valuable item such as your home, apartment, car, van or bike — and the amount you can borrow will depend on the value of your collateral or asset. The rates for this can be very low, since you are bartering with something valuable, however, if you cannot meet the repayments, your item or collateral may be repossessed or sold off in order to cover your debts.

Can I Get an Installment Loan with Bad Credit?

Yes, Pheabs can offer installment loans for people with bad credit histories — and we work with a number of lenders who only serve customers with poor credit or no credit at all. 

Installment loans work perfectly for people with bad credit who may be trying to get their finances in order, since they can spread repayment over several months to maybe help pay off other debts and get back on their feet.

Whilst Pheabs offers unsecured options, you may find that you have to use collateral or security in order to borrow larger amounts if you have adverse credit — since this allows you to leverage the value of your item to borrow money, although you may risk losing this if you cannot keep up with repayments.

You may find that the interest rates charged for people with poor credit could be a little higher to reflect the risk of default. Plus, you may find that the amount you can borrow may be a little less and the duration a little longer to give you more breathing space. See also loans for bad credit.

Do You Offer Installment Loans with No Credit Checks?

If you are looking for installment loans without credit checks, it is possible if you apply for a secured loan or auto loan, since you will be leveraging the value of your property or vehicle to get access to funds.

In this case, the value of your item is more important, since the lender uses this as security, and your credit score may be less important and there may not be credit checks involved. 

However, it is noted that most USA lenders will carry out credit checks before approving your loan. An installment lender will need to confirm that you can afford to repay your loan and taking out additional funds will not put you into greater financial difficulty. A quick credit check can see if you have lots of other outstanding loans or bad debts — and a lender may make a decision based on this.


Am I Eligible For a Fast Cash Loan From Pheabs?

  1. US or Canadian citizen or resident
  2. Over 18 years of age (born in 2006)
  3. Employed part-time or full-time and earning a minimum of $500 per month
  4. Must have a social security number
  5. A live checking account for your loan to be deposited into
  6. Can make repayments on time
  7. Valid cell phone and email address to verify your loan

Your repayments are typically made in equal monthly installments, so you know exactly how much you will be repaying each month and that amount will not change. So if you are paying back $300 each month for a loan of 12 months, then it is a  pretty straightforward process.

You will always have the option to repay early if you want to, whether it is to clear your account in part or in-full and this can be a useful way if you are looking to save money on interest, since less interest will therefore be accruing overall. To repay early, simply call up or email your lender and or log into their online portal to make full payment.

If you miss any payments, you will be able to speak to the lender and maybe ask for an extension, however, late fees will usually apply and falling behind on repayments could negatively impact your credit score.

You can apply for an installment loan online with Pheabs in less than 5 minutes. Our entire loan application is 100% online and requires some basic information including your name, age, residence, location, income, expenses, how much you would like to borrow and how long for.

You can apply 24 hours a day, 7 days a week, on desktop, laptop or mobile and you can get an instant decision on the screen with an indicative quote. Subject to further checks and approval, you can get money into your bank account within a few hours or the next business day.

To begin, simply click on the ‘Get Started’ button below.

How Much Can I Borrow With Pheabs?

With Pheabs, you can borrow $100 to $35,000 depending on various factors including your income, credit status, affordability and duration of the loan. 

Is It Easy To Be Approved For An Installment Loan?

Whilst loans are never easy and approval is not guaranteed, you can certainly boost your chances of approval by having a fair or good credit score and being in stable employment. This will ensure that you have a regular income coming in and can afford to make repayments each month.

How Many Months Can I Borrow For?

You can borrow for 1 to 60 months and you can choose how long you would like to borrow for. Usually if you want to borrow larger amounts, this could be better to repay over 12, 24, 36, 48 or 60 months — to help you spread the repayment effectively. 

Is An Installment Loan More Expensive The Longer I Borrow?

Yes, technically the longer you borrow for, the more interest you will be paying each day, week and month. So ideally, you should only borrow as much as you need to avoid overpaying for your loan. 

How Soon Can I Receive Funds Into My Account?

If your loan has been accepted and you have passed all further checks, you can receive funds in just a few hours or certainly by the next business day. If you are using a secured loan, this may require some further checks — so you could expect completion and funding to take up to 4 weeks.

Are Payments Always Made in Equal Monthly Installments?

Yes, you repayments will typically be made in the equal amounts on the same day each month, on  a date that you confirm with the lender. Most lenders will charge you the same amount each month, making it easy to budget, plan and remember how much you owe. There are some lenders who start the loan by repaying small amounts and then the repayments get larger, and visa versa, so always be sure to read the terms of your agreement before you proceed.

Can I Repay My Loan Early?

Yes, you will always have the option to repay early and there are usually no added fees for doing so. So if you find that your financial position has improved and you want to clear the account after just a few months, you can certainly do so and you may save money too, since less interest is adding up overall.