Best Installment Loans of April 2024

ElitePersonalFinance
Last Update: September 25, 2023 Loan Reviews Loans

Online installment loans are loans that are paid back over time. An installment loan is a loan that is paid back in equal monthly installments over time. It’s essential to keep in mind that there are various installment payday loans available today, but you should avoid them.

We’ve compiled a list of the best installment loans of April 2024, not only those with bad credit, so you can compare your options and find the right one. The best installment loans have low APRs and fees, flexible terms, and accessible customer service. These loans offer between $100 to $250,000, with APRs ranging from 5.99% to 35.99%.

Best Installment Loans of April 2024

Lender:Loan Amount:APR:Min. Credit Score:Terms:Best for:
SoFi$5,000 – $100,0007.99-23.43%6803 – 72 monthsNo-fee personal loans
Upgrade$1,000 – $50,0008.49% – 35.99%56024 – 84 monthsFast Funding
LendingPoint$2,000 – $36,5007.99% – 35.99%58024 – 72 months$35,000 annual income earners
BestEgg$2,000 – $50,0007.99% – 35.99%70036 – 60 monthsWide range of credit scores
LendingClub$1,000 – $40,0008.30% – 36.00%60024 – 60 monthsGood credit scores, low DTI ratios
LightStream$5,000 – $100,0006.99% – 21.49%66024 – 84 monthsStrong credit profiles
Prosper$2,000 – $35,0006.38% – 35.36%64036 – 60 monthsObtaining multiple personal loans
Discover$2,500 – $35,0006.99% – 24.99%66036 – 84 monthsDebt consolidation
Wells Fargo$3,000 – $100,0005.99% –  21.74%70012 – 84 monthsWells Fargo customers
PenFed$600 – $50,0007.74% – 17.99%58012 – 60 monthsDebt consolidation
AffirmUp to $17,5000% – 30%01 – 48 monthsClothing, electronics, and furniture purchases

Our Marketplace

Our marketplace evaluates all lenders and narrows them down to the best of the best. The best installment loans in our marketplace have low APRs, flexible terms, and accessible customer service.

Our writers and editors evaluate