Best Reviews TopConsumerReviews.com Best Installment Loans Best Reviews
Best Reviews
      September 23, 2019

Home  >  Installment Loans

Best

Installment Loans

  1. SoFi
  2. LendingTree
  3. Upstart
  4. 100 Lenders
  5. Net Credit
  6. One Main Financial
  7. Personal Loans
  8. LifeLoans
  9. Max Lend

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Personal Loan Tips Newsletter

Latest Reviews

Keto Diets

Luggage Stores

Olive Oil Clubs

Online Fitness

Personal Trainers

Pet Meds

Popular Diets

Printer Ink

Rapid Weight Loss

Sunglasses

 

Individual Reviews

LendingClub

SoFi

LendingTree

Live Watch

100 Lenders

Net Credit

One Main Financial

Personal Loans

Life Loans

Max Lend

 

 

 

 

 

Send Flowers today with Send Flowers!

 

 

 

 

Stop hair loss now with Provillus!

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Best Installment Loans Better Business Bureau Reliability Seal

Best Installment Loans

Medical bills, unexpected car repairs, layoffs and more - does any of this ring a bell? There are lots of reasons why many people find themselves strapped for cash. What can you do if your income just isnít enough to make ends meet and you need money?

If you have a financially-comfortable friend or relative, you could put yourself through the embarrassment of asking them for a loan - which would be better than paying the extremely high interest rates associated with most credit cards or payday loans. Another option is to consider an installment loan.

Continue reading below reviews

Best Reviews

2019

Installment Loan Reviews

5 stars
LendingClub

LENDINGCLUBTopConsumerReviews.com Best-In-Class Blue Ribbon Award

When it comes to social lending, LendingClub sets the standard for loans that go outside of the more common lender-based companies. Their track record for arranging installment loans between $1,000 and $40,000 with affordable terms is first-rate, earning LendingClub our top spot among installment loan lenders.
Read More... Visit
Site

4.5 stars
SoFi

SOFI

As a relatively newparticipant in the social finance market, the appropriately-named SoFi is making an impact. They're one of the only lenders offering unemployment protection - if you lose your job, you may be eligible to put your repayments on hold. You'll find their application process to be very easy using their well-designed website, while you won't be surprised by any hidden fees. SoFi should absolutely be on your list as the source of your installment loan.
Read More... Visit
Site

4.5 stars
LendingTree

LENDINGTREE

LendingTree is a fantastic resource for borrowers of every credit history. Although they work as something of a connection service between customers and lenders, rather than funding loans, their network of available borrowing partners is excellent - many of which are glad to work with clients whose credit isn't perfect. We also like that LendingTree's service allows borrowers to negotiate directly with lenders if they choose, in order to get more favorable loan terms. Read More... Visit
Site

4 stars
Live Watch

UPSTART

Where most loans are based on the borrower's credit history, Upstart makes it easy for Millennials -who may have little to no credit history - to prove their trustworthiness in other ways. Upstart takes a mathematical approach to making that determination: your SAT scores, major field of study, and your GPA are used to determine your future earning potential. Low interest rates combined with 3- and 5-year terms make Upstart worth your time when looking for an installment loan. Read More... Visit
Site

4 stars
100 Lenders

100 LENDERS

As the second-highest ranked borrower-to-lender referral service in our review, 100 Lenders gets high marks for a simple online application process. Customers praise their reliable service that connects them with a large network of partner lenders offering installment loans.
Read More... Visit
Site

3.5 stars
Net Credit

NET CREDIT

If you live in one of the 13 states served by NetCredit, you can benefit from their easy-to-complete application process. As a subsidiary of a well-known financial lending company, NetCredit specializes in customers with positive and less-than-perfect credit histories and is one of the few lenders that looks beyond that history to approve or decline a loan application.
Read More... Visit
Site

3 stars
One Main Financial

ONE MAIN FINANCIAL

If your priority is reliability and a top rating with the Better Business Bureau, OneMain Financial is a strong contender for your installment loan. However, that dependability comes at a price, as OneMain's rates are consistently higher than other lending partners in our review, and you'll have to actually speak with a representative before getting any details about a possible loan offer. Read More... Visit
Site

3 stars
Personal Loans

PERSONAL LOANS

With flexible payment options on installment loans up to $35,000, Personal Loans acts as a referral service between borrower and lender. Although everything about Personal loans looks legit, prospective customers should be aware that there is very little information available about their history and reliability as a company.
Read More... Visit
Site

2 stars
Life Loans

LIFE LOANS

LifeLoans is another borrower-to-lender matching service, with no loans funded by the business itself. While we appreciate their membership in the Online Lenders Alliance as a token of trustworthiness, we were unable to find any reviews from customers who have used LifeLoans for an installment loan.
Read More... Visit
Site

1 star
Max Lend

MAX LEND

With one of the smallest total loan amounts in our review, MaxLend started out with a lower rating. An "F" rating with the Better Business Bureau, given for numerous complaints relating to extremely high interest rates, deceptive lending practices, and constant pressure on current customers to take out another loan are the reasons why MaxLend is the lowest-rated source of installment loans in our review. Read More... Visit
Site

Continued from above

Repaid over time with a predetermined number of set payments, these loans can help bridge the gap between what you have and what you need while allowing you to comfortably accommodate the repayment schedule. Many installment loans today are funded using a system known as a social lending network, matching borrowers with lenders through a peer-to-peer structure. Compared with other loans available, these installment loans usually have lower interest rates, mostly because of the lower overhead costs associated with this type of borrowing.

While you may feel a little apprehensive when trying to choose a lender for your installment loan, there are several factors you can use to make sure your loan is on solid footing. When looking at any potential lender, here are three things to check out:

  • Loan application process. What do you need to provide in terms of documentation to complete the application? Can all or most of the process be done online?
  • Loan rates, terms, and amounts. Will the lender provide an installment loan that covers the amount you need? Do the available repayment terms Ė such as the interest rate, and length of the loan - seem reasonable?
  • Reputation. Does the lender have a good track record for providing quality customer service? Is the lending company accredited with the Better Business Bureau?

TopConsumerReviews.com has reviewed and ranked the best Installment Loans available today. We hope this information helps you find the loan you need with the best possible rate and terms!

Calif. Senate approves interest rate cap for installment loans

The California Senate approved a bill Friday that would cap interest rates on a large swath of consumer installment loans at approximately 40%. The 30-5 vote represents a victory for consumer advocacy ...

Published:  Fri, 13 Sep 2019 13:29:00 GMT



COMMENTARY: Visa Next's Installment APIs Solve Only Part of the Problem

The alternative approach to consumer finance is to work with third-party lenders that offer an extra line of credit or an installment loan. Mastercard Inc., for example, recently acquired POS lender ...

Published:  Mon, 26 Aug 2019 07:51:00 GMT



Credit Card Companies Take Cue From Start-Ups to Offer Flexible Payment Plans

The new options are also a response to the rise of financial technology start-ups, like Affirm and Afterpay, which work with online retailers to offer shoppers quick approval of installment loans at ...

Published:  Fri, 30 Aug 2019 17:28:00 GMT



LendingPoint Completes $250M Credit Facility with Guggenheim Securities

LendingPoint, a Kennesaw, GA-based consumer installment loan origination platform, closed a $250m credit facility arranged by Guggenheim Securities. Guggenheim Securities is the investment banking and ...

Published:  Mon, 26 Aug 2019 07:34:00 GMT



Editorial: Cap interest rates and lend Californians relief

California already caps interest rates at 36% on installment loans priced under $2,500. The sky hasn't fallen on these loans, but more than a few lenders have been inspired to create financial ...

Published:  Mon, 26 Aug 2019 12:28:00 GMT



KBRA Assigns Preliminary Ratings to Avant Loans Funding Trust 2019-B

Founded in 2012, Avant is located in Chicago, Illinois and operates an online lending platform. Personal installment loans are offered primarily to non-prime consumers through the Avant Platform.

Published:  Thu, 05 Sep 2019 12:03:00 GMT



With $56 Billion Loan in Danger, IMF Officials Fly to Argentina

And the September installment is "going to be a difficult call ... The IMF has special criteria, which it tweaked after the Greek crisis, for jumbo loans like the one Macri got -- and compliance is ...

Published:  Mon, 26 Aug 2019 05:42:00 GMT



What's the Difference Between Revolving Debt and Installment Loans?

Before you borrow money, it's important to understand exactly how your debt will work, and one of the first things you need to know is whether the debt is revolving debt or an installment loan.

Published:  Fri, 16 Aug 2019 08:12:00 GMT



Installment Loan Expert Explains The Benefits Of Installment Loans - Slickcashloan.com

An installment loan is a borrowed amount of money that must be paid back over a contracted period in regular, usually monthly, payments. An installment loan can help people who require funding until ...

Published:  Fri, 26 Jul 2019 11:04:00 GMT



What Is an Installment Loan? Definition and Examples

An installment loan is a type of loan that allows individuals to borrow money and pay it back in installments over time. The amount borrowed is often a large sum. Installment loans are often used to ...

Published:  Tue, 09 Jul 2019 11:05:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure