With an installment loan, you can get the cash you need now with more time to repay!
A LoanByPhone direct lender installment loan is a new and exciting cash option offering a longer term, or more time to repay, than that available with a payday loan. Your installment loan will come with a set number of scheduled payments, typically two or more, with planned payments over a term of a few weeks to a few months.
How much can I borrow with an installment loan?
An installment loan with LoanByPhone can be between $500-$1,500, depending on your state of residence and ability to repay.
How do installment loans work?
An installment loan works similarly to a payday advance, except with no lump-sum payment. Instead of repaying your loan all at one time on your next payday, an installment loan allows you to repay set amounts in installments over a longer period of time.
(See Rates & Terms for more information)
Follow the easy steps below to see how much cash you qualify for with a LoanByPhone installment loan.
*The funding process typically occurs within 24 hours or the next business day after receiving approval. Installment loan requests processed before 7:00 p.m. EST during non-holiday business days are usually funded the next business day. For example, a customer whose installment request is received Monday before 7:00 p.m. EST and is verified and approved by LoanByPhone will typically receive access to the funds on Tuesday (if Tuesday is not a holiday).