Installment loans are transparent Short-term installment loans, although their lifespan is less than a year, have a clear repayment schedule and APR to help borrowers calculate the true cost of their loan. An installment loan offers qualified customers access to larger loan amounts, a longer repayment period, and a personalized repayment schedule. Online Installment Loans. Paying for unexpected expenses while managing your monthly bills can be a challenge. If you're looking for a short-term solution, then an online installment loan from a direct lender may be a helpful option if you need a loan with a longer repayment term. Real Installment Loans We offer you urgent financial aid with the best interest rates, and, on top of that, Real Installment Loans Cash Advances Direct Loans Servicing a very rare option that is available from private lenders: a $500 micro loan that can be paid off over the course of Installment Real Loans 6, 12, 24, and even 36 months with no. Online Disclosures. Customer Notice: Payday Loans are typically for two-to four-week terms (up to six months in IL).Some borrowers, however, use Payday Loans for several months, which can be expensive. Payday Loans (also referred to as Payday Advances, Cash Advances, Deferred Deposit Transactions/Loans) and high-interest loans should be used for short-term financial needs only and not as a. Installment loans tend to carry a much higher APR than you'd normally get from a commercial bank. This is the case because installment loan lenders assume a greater risk by lending to customers without requiring any collateral.