Fixed monthly payments that fit your budget. Larger loan amounts with flexible repayment schedules up to 12 months.
Apply Now - Get Approved FastA smarter way to borrow for larger expenses
Access larger loan amounts than Cash loans, making them ideal for bigger expenses like home repairs or medical bills.
Choose your repayment schedule with terms from 3 to 12 months. Pay back the loan at your own pace.
Enjoy predictable monthly payments that make budgeting easy. No surprises—you'll know exactly what you owe each month.
On-time payments may be reported to credit bureaus, helping you build or improve your credit history.
Apply online and get an instant decision. Approved funds can be in your account as soon as the same day.
Automatic payments mean you never miss a due date. Manage your loan online 24/7 from any device.
Installment loans provide a flexible financing solution for those who need to borrow larger amounts and prefer to repay over time. Unlike Cash loans that require full repayment on your next payday, installment loans let you spread payments over several months, making them more manageable for your budget.
An installment loan is a type of loan where you borrow a fixed amount of money upfront and repay it through scheduled, equal payments over a set period of time. Each payment typically includes both principal (the amount borrowed) and interest.
Key Characteristics:
Getting an installment loan from NetPay Advance is straightforward:
💡 Automatic Payments: Your payments are automatically deducted from your bank account on the scheduled dates, so you never have to worry about missing a payment or incurring late fees.
To qualify for a NetPay Advance installment loan:
Note: While we do check credit, we don't base our decision solely on credit score. We consider your income and ability to repay when making lending decisions.
Our installment loans offer flexibility to meet your needs:
Choosing Your Term: Shorter terms mean higher monthly payments but less interest paid over the life of the loan. Longer terms offer lower monthly payments but cost more in total interest. Choose the term that best fits your budget and goals.
Transparency is important to us. Here's what you need to know about installment loan costs:
The Annual Percentage Rate (APR) on installment loans varies based on:
Typical APR Range: Installment loans generally have lower APRs than Cash loans but higher than traditional bank loans or credit cards. Rates are clearly disclosed before you accept the loan.
Installment loans work best for specific financial situations:
Understanding the differences helps you choose the right product:
| Feature | Installment Loan | Payday Loan |
|---|---|---|
| Loan Amount | $500 - $5,000+ | $255 - $1,500 |
| Repayment Term | 3-12 months | 2-4 weeks |
| Payment Structure | Fixed monthly payments | Full amount due at once |
| Best For | Larger expenses, longer repayment | Small, urgent expenses |
| Budgeting | Easier to budget monthly | Requires lump sum payment |
Successfully managing your loan is easy with these tips:
If you're experiencing financial hardship and can't make a payment:
We Understand: Financial difficulties happen to everyone. Our team works with customers every day to find solutions. The key is reaching out early so we can help before the situation becomes worse.
One benefit of installment loans is the potential to improve your credit:
Note: Late or missed payments can negatively impact your credit score. Always make payments on time.
Installment loan terms, rates, and maximum amounts vary by state. We comply with all state lending laws and maintain proper licensing in each state we serve. For specific information about installment loans in your state, contact our customer service team or review our state-specific pages.
Installment loans offer a flexible, manageable way to finance larger expenses. With fixed monthly payments and longer repayment terms, they provide breathing room in your budget while helping you address important financial needs.
At NetPay Advance, we're committed to helping you make informed decisions about your borrowing needs. Whether an installment loan, payday loan, or line of credit is right for you depends on your specific situation—and we're here to help you figure that out.
Ready to apply? Get started today or contact our team at (888) 942-3320 with any questions.
Which loan is right for your situation?
See how monthly payments work
This example shows how a $1,200 installment loan with a 36% APR would be repaid over 6 months:
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $217.42 | $181.42 | $36.00 | $1,018.58 |
| 2 | $217.42 | $186.86 | $30.56 | $831.72 |
| 3 | $217.42 | $192.47 | $24.95 | $639.25 |
| 4 | $217.42 | $198.24 | $19.18 | $441.01 |
| 5 | $217.42 | $204.19 | $13.23 | $236.82 |
| 6 | $217.42 | $210.32 | $7.10 | $0.00 |
| Total Repayment: $1,304.52 (includes $104.52 in interest) | ||||
This is an example only. Actual rates, terms, and payments vary based on state, loan amount, creditworthiness, and other factors. All terms will be clearly disclosed before you accept the loan.
Estimate your monthly payment
This is an estimate only. Actual rates and terms vary. All costs will be disclosed before you sign.
Get your installment loan in 3 easy steps
Fill out our secure application in under 5 minutes. Tell us how much you need and your preferred repayment term.
Receive an instant decision. Review your loan terms, monthly payment amount, and total cost.
Sign electronically and get your money deposited directly to your bank account same day or next business day.
Get the funds you need with fixed monthly payments that fit your budget
Apply Now - Fast & Easy Process⚡ Instant Decision • 💰 Flexible Terms • 💳 Fixed Payments