Payday Loans and Short Term Personal Loans with Monthly Installments

About our rates and fees

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Applying DOES NOT Affect Your Credit Score

Terms and Conditions

Instant Approved Loans provides payday loans and other short term personal loan products in a convenient way, with an online application form that also provides an option of monthly repayments. The approved amount varies from borrower to borrower based on their credit eligibility but no loan is rejected due to bad credit score. However for the first transaction with us, an amount up to $500 is approved to the borrower. A repeat borrower can be approved loans up to $1000.

Being amongst the most trusted direct lenders, we provide 72-hour satisfaction guarantee to our customers on our payday loans. Even after the loan processing if you feel that you do not require it, just let us know by contacting us. If you return the principal amount within 72 hours, we won't charge you any extra amount.

Rates and Fees

Our fee for every $100 is $30 and the APR ranges from 365.00% to 1564.28%, but that depends on the loan tenure and the number of EMIs that you would be paying. Also certain state restrictions affect this number.

Do note that if you can manage an earlier payment, the charges will come down as per the reduced EMI schedules, and there will be no prepayment penalty. The sooner you repay, the lower will be the charge.

The charges for a bounced check or non-sufficient funds (NSF) is $20.

However the final terms regarding the APR and fee structure will depend on the terms and conditions of the loan policy you avail with us. The Loan agreement will include all the details related to APR, fees and re-payment terms and all terms with regards to TILA (TRUTH-IN-LENDING DISCLOSURES).

For more information refer to the FAQ page our site.

For a sample loan break-up, refer to the following chart

Number of Payments Amount of Payments When Payments Are Due
1 $74.00 January 2, 2019
1 $69.79 January 17, 2019
1 $65.60 February 1, 2019
1 $61.39 February 16, 2019
1 $57.19 March 3, 2019
1 $53.00 March 20, 2019
1 $48.79 April 4, 2019
1 $44.59 April 19, 2019
1 $40.39 May 4, 2019
1 $36.19 May 19, 2019
1 $78.00 June 3, 2019

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Rating

Reviews

4.9/5 Based on 173 Customer Reviews