5 Best Online Installment Loans for Bad Credit and Instant Approval in 2022

The average American has at least considered applying for installment loans online at some point in their life. This article aims to investigate installment loans, provide an overview of the top 5 loan seekers, provide interested borrowers with a list of qualifying criteria, and provide simple steps to apply for the best same day installment loans.

Best Installment Loans – Quick Overview

Here’s a quick list of the best installment loans to apply for today, with most offering funds within 15 minutes of approval.

  • Heart Paydays – Best Online Installment Loans
  • Viva Payday Loans – Best for Bad Credit Secured Installment Loans
  • Credit Clock – Ideal for installment loans without credit checks
  • Money Lender Squad – Best for Personal Installment Loans
  • Very Merry Loans – Best for Online Installment Loans with Instant Approval

Best Online Installment Loans – Best Matchmaking Services in 2022

There are several online loan search sites that can help you find the best installment loans from direct lenders. Find a brief overview of each below.

Heart Paydays – Best Online Installment Loans

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Heart Paydays is a same day installment loan finder, offering quick and easy online loan applications. As a loan-finding service, the company connects borrowers with lenders most likely to approve their loans. The whole system is automated, which means that matching installment loans only takes a few minutes. Borrowers can decide whether or not they wish to accept the loan formulas offered. There is no charge to the borrower for using the service.


  • Payment in 60 minutes in most cases
  • 100% online application that only takes a few minutes
  • Interest rates can be as low as 5.99%

The inconvenients

  • Interest could reach 35.99%

2. Viva Payday Loans – Best Secured Installment Loans for Bad Credit

Viva Payday Loans is another loan search site that locates the best installment loans available online. As a loan finder, the site has earned a reputation for providing quick repayments on loans – in just 60 minutes. In some cases, loans can take a little longer to be approved and paid out – like 24 hours – but that’s not the norm. Installment loans secured by Viva Payday Loans are sourced from some of the most reputable lenders in the market. The packages are already well designed, and the lenders offering them are doing what they can to negotiate terms with borrowers who work for both parties.


  • Simple repayment terms
  • Access to installment loans from the direct lender
  • Payment 60 minutes from approval

3. Credit Clock – Best for installment loans with no credit check

Credit Clock is another reputable loan finder service that offers fast processing of loan applications. Credit Clock is not a middleman and does not charge the borrower anything to locate the best installment loans and put them in direct contact with the lender. What’s great about Credit Clock is that their online application for installment loans is hassle-free. There is no confusing industry jargon to deal with and the application process is simple. You simply select the amount you wish to borrow and the loan repayment period you wish to obtain, including your name, email address and postal code. The system will present you with a few options when you click the “Get Started” button. To take your application to the next level, you must provide additional information about yourself and your financial situation.


  • Quick online approval (just 2 minutes)
  • Quick online application
  • All financial profiles are welcome

The inconvenients

  • Interest can reach 35.99%

4. Money Lender Squad – Best for Personal Installment Loans

Borrowers looking for same-day payments will find the Money Lender Squad loan finder service absolutely convenient. Options for multiple installment loans are presented to borrowers after they enter their details once in the online application form. There are no fees for the loan matching service, and you can rest assured that the lenders presented to you are reputable in the industry with transparent loan models in place. The standard with most US lenders is to offer loans with interest rates between 5.99% and 35.99%. Additionally, these online installment loans range from $100 to $5,000, depending on the lender you use.


  • Fast payment
  • Easy-to-follow conditions
  • Simplified online application

The inconvenients

  • Interest can be expensive – it can go up to 35.99%.

5. Very Merry Loans – Best for Online Installment Loans with Instant Approval

Very Merry Loans is a reputable loan finder for quickly matching lenders and borrowers. Very Merry Loans’ goal is to make finding installment loans near me quick, easy and painless. Because of this focus, featured lenders are transparent, offer fast turnaround times on approvals and payments, and do everything possible to ensure the borrower is getting a loan deal that’s right for them. financial. Online installment loans arranged through Very Merry Loans can be for any amount from $100 to $2,000 with 2 to 12 months to pay off. Interest rates offered on same day installment loans are determined by the lender but range from 5.99% to 35.99%.


  • Fast online loan matching
  • Apply once instead of multiple times
  • Loans from $100 to $2,000 (low and affordable)

The inconvenients

  • Possibly expensive interest (up to 35.99%)

What are installment loans and how do they work?

Installment loans are a great way to get the money or things you need now and pay for them later. When repaying installment loans, interest is added, and this is then paid with the outstanding loan amount in the form of scheduled monthly installments. Each installment is usually the same amount paid over a set number of weeks, months or years.

How did we choose the installment loan providers?

We searched for loan finders who:

  • Can offer payments in 60 minutes
  • Provide a simple and fast online system
  • Deliver approvals in minutes.


Applying for installment loans online has become easier over time. Although there are many online installment loan providers available in the United States, it is important to select a lender or loan finder that offers packages that meet your specific needs and financial situation. Heart Payday Loans offers the best global installment loans you can choose from. Complete their quick and easy online application form and get the money deposited into your account today.


Are installment loans a good idea?

For many, installment loans can help improve your credit score, making them a great option. In addition, such a loan is ideal for rebuilding credit – this is done by paying your installments on time every time.

Do you need collateral for installment loans?

Installment loans can be secured or unsecured. If the loan is secured, you will need to provide collateral. If the installment loans are unsecured, there is no need to provide collateral.

Is a personal loan an installment loan?

Yes, personal loans are installment loans. With personal loans and installment loans, you receive a lump sum that you then have to repay over a set number of years or months. There are several types of personal loans, including installment loans, available in the market. The most popular are mortgages and personal loans.

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