Loans from
$300 – $5,000

Repayment term
4 – 24 Months

Minimum credit score
No min. to apply

The figures provided are representative of a typical installment loan made or arranged by CreditNinja and are not guaranteed rates or terms that you may qualify for.

What is an Installment Loan?

An installment loan is a personal loan where, after approval, borrowers receive their funds in one lump-sum payment. After about a month, they are responsible for repaying their borrowed amount, plus interest and fees, through regular monthly payments. 

Personal installment loans can come in many forms, including debt consolidation loans, personal financing options, mortgages, and more. Interest rates, approval criteria, terms, funding amounts, and other details will also vary among the different types of installment loans. 

Personal installment loan products often have fixed interest rates. With fixed interest, borrowers can repay through easy, fixed monthly payments that stay the same throughout the life of the loan. If you’re considering an installment loan for bad credit, it’s important to consider whether your online loan is fixed or variable, the total APR, and how it will affect your credit. 

How Do You Apply for CreditNinja Installment Loans?

Receiving approval for installment loans with CreditNinja is fast and easy! If you’re shopping for online loans with monthly payments, CreditNinja may have the solution you’re looking for. After receiving approval and signing your loan contract, you may get your funds deposited into your bank account that same day.* 

Here’s how it works:

Apply online easily

Start by filling out our quick and simple online application for an installment loan. You should receive a pre-approval decision in just a few minutes. Your full application can be submitted from the comfort of your home.

Income Verification

We’ll verify your income with Instant Bank Verification (IBV) so we know you can repay your loan. IBV also allows us to deliver your funds via direct deposit, which helps you get your money faster. You can also pay your monthly installments online.  

Same-Day Funding 

Once you’re approved for an online loan, you can sign your contract and get your money. Borrowers may see their funds deposited the same day, or the next business day!*

What CreditNinja Loan Customers Are Saying

Here is what CreditNinja customers are saying about us:

How are CreditNinja Online Installment Loans Different?

CreditNinja stands out by offering a superior online installment loan, a fast and easy application approval, and caring customer service every step of the way. If you’re struggling to make ends meet or you’re hit with an unexpected expense, CreditNinja is here to help. Not all loans with monthly payments are the same. So make sure you find the loan, lender, and APR that’s right for you. 

While other lenders might advertise fast cash, CreditNinja offers a safer and more affordable personal loan than your average payday loan. An installment loan from CreditNinja will also offer a longer repayment period than a payday loan. There are a lot of options to choose from when it comes to online loans for bad credit. But CreditNinja stands out for offering an installment loan with a competitive APR to borrowers with less-than-perfect credit. Here’s a few more of the benefits of working with us: 

  • Ease of Use: CreditNinja has an easy application, and deposits your money directly into your bank account once you’ve received instant approval.
  • Longer Repayment Terms: Repay your installment loan over the course of several months, or even a couple of years. Loans with monthly payments—or installments—tend to be more manageable.
  • Annual percentage rate (APR): Apply to see your personalized APR. It’s important to understand the APR before agreeing to any installment loan.   
  • Prepayment agreement: We’ll never charge you a prepayment penalty. 


Shopping for a personal installment loan can be a stressful process. Allow us to help make things a little easier for you. Apply from your home, get your cash in your bank account, and repay online.

Rates and Terms

While state laws play a role in determining how much consumers can borrow through an online installment loan, and what kind of APR, rates, and terms lenders can offer, your specific details will also depend on your income and other financial information. 

Below are some average loan amounts and term lengths you may come across for CreditNinja personal installment loans:

Loan Amount RangesLoan Term Ranges
$300–$5,0004–24 months

Frequently Asked Questions approvan 

These can be used for a wide variety of financial needs. Many borrowers use them for emergency expenses like rent, bills, repairs, or medical costs. But they can also be used for large purchases in order to spread payments out over time.

To qualify for an installment loan, borrowers typically need to meet certain criteria, such as having a stable income, a checking account in good standing, and valid identification. Credit history requirements vary by lender, but some may require a minimum score or a credit check for a monthly installment loan.

While many lenders use the borrower’s credit score to determine loan approval, there are also lenders who specialize in bad credit loans. Many secured loans, like title loans, are catered to borrowers with low credit because you don’t need a great credit score to qualify. With these types of installment loans, lenders usually care more about the equity in the borrower’s collateral than their actual score. 

There are also bad credit installment loans where borrowers don’t have to offer collateral, but these kinds of unsecured loans may come with lower loan amounts. Bad credit borrowers may also be able to receive approval for certain types of unsecured loan products by asking a close family member or friend with good credit to cosign for them. However, keep in mind that not all lenders offer cosigned loans.

No credit check loans are a type of funding where the lender doesn’t perform a traditional credit check during the approval process. Instead, the lender pulls a soft credit check to confirm the borrower isn’t currently going through the bankruptcy process or pre-bankruptcy counseling. You may be able to find a no credit check option that is also an installment loan.

Usually, when you apply for an installment loan, the lender might perform a hard credit check, which is an official request for a copy of your credit report. 

These reports will contain financial data reported by the major credit bureaus. However, many lenders will only perform their hard credit checks at the end of the application process. That way the lender has a better idea if the applicant will receive approval before they submit a hard credit check to their credit profile. Whether or not your installment loan will require a credit check depends on the lender you choose.

Yes! Many lenders offer an online or virtual installment loan process. That means borrowers can fill out a personal loan application and go through the entire approval and funding process without having to leave home. CreditNinja also offers online loans where borrowers can complete the application from their computer or smartphone. 

But what if an installment loan applicant has issues filling out their application or an existing borrower has a question about their loan? To help people in these kinds of situations, online lenders usually have live chat features or agents available over the phone to offer customer service.

Wondering how long does CreditNinja take to approve? CreditNinja borrowers may receive their installment loan in just a few hours or the next business day after signing their loan contracts.*  

To expedite the process, have your personal and financial information ready to go. This includes your name, address, and social security number, as well as your bank account and routing numbers. The faster you submit your correct information the faster you could get your installment loan!

Funding amounts for personal loans can range from a few hundred to a few thousand dollars. How much money you can borrow will also be determined by factors like your credit history as well as the loan type. 

When deciding how much money you want to apply for, think about what you want to pay for with your loan. Funding like debt consolidation or auto loans will usually require higher loan amounts, while covering an unexpected medical bill may be done with a smaller personal loan amount. 

Remember, your loan amount will determine not only the cost of your loan but also how long it will take you to repay your balance. For example, you may be able to pay off small personal installment loans with just a few monthly payments, while a more expensive installment loan may take longer to repay or may require higher monthly payments.

Options with online monthly payments are usually the exact same thing as an in-person installment loan. With both online loans and in-person you’ll still need to apply to receive approval, receive funding, and repay the installments like normal. The main difference is that installment loans online can be more convenient. If you’re considering installment loans online, make sure you do the same research you would for a conventional loan.

Borrowers can repay their installment loan over the course of a few months or a few years. Higher loan amounts usually result in longer repayment terms, and smaller loan amounts can have a shorter repayment schedule.

CreditNinja repayment terms were designed to help keep your fixed monthly payments low and affordable, so you don’t have to stress about repaying your personal installment loan. However, borrowers are encouraged to repay their installment loan early if they can. 

You can do this by paying more than your minimum amount due each month. That way you can reduce the amount of monthly payments you have to make as well as potentially save money on interest rate charges during the life of the installment loan!

Interest rates on an installment loan can vary depending on the loan type and the borrower’s financial history. For example, payday loans usually come with extremely high interest rates, no matter how great of a credit report the borrower has.

 Other types of loans, like personal loans from a direct lender, have more flexibility when charging interest rates. Usually, borrowers with a better credit history and higher credit scores are able to receive lower interest rates. If you want to qualify for better interest rates on personal loans, work on improving your credit to show lenders you are a responsible consumer. 

CreditNinja interest rates will vary depending on a few different factors like the borrower’s history and loan amount. However, we always strive to provide every customer with the best possible deal for their financial situation.

CreditNinja never charges prepayment penalties for installment loans. However, some lenders do charge these fees. These penalties are intended to compensate the lender for the interest they lose if the borrower defaults.

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CreditNinja is your trusted source for quality personal finance information. With a demonstrated history of helping borrowers in need, CreditNinja makes your financial growth and understanding our top priority. Whether you want to learn more about budgeting, saving, credit cards, or personal loans, at CreditNinja we are here to help.