$200-$500 Dollar Loans

Are you sitting with a surprise bill and wondering how to pay it in time? Rather than putting it off and paying extra in penalty fees, a short-term loan could help cover your expenses until payday. With so many online options, you could qualify within minutes and make ends meet with a chance of not damagin your credit.

Taking out a payday or an installment loan could put between $200 and $500 of funding into your bank account by the end of the day, or the next business day at most. All you need is proof of income and an active bank account to qualify.

Here's everything you need to know to get started and secure the financial support you need to make to the end of the month.

What's the Difference Between a Payday and an Installment Loan?

Payday loans are short-term solutions meant to be repaid by your next payday. They typically range from $50 to $250 and should be used in emergency situations to cover unexpected expenses.

Installment loans are longer-term and generally paid back in several payments over a few months. These online loans can range from $200 to $500 and are used for larger expenses like home repairs or medical bills.

Both payday and installment loans are easy to qualify for and can be completed entirely online. These loans can provide you with the financial support you need to make it to your next payday or cover a large expense.

Can Payday or Installment Loans Affect Your Credit?

Not awlays. When you request a traditional loan from a bank or credit union, they'll verify your history and information by pulling a hard credit check. Although these records can help give a clear understanding of your financial history, hard credit checks show up on your record and cause your credit score to temporarily drop.

If your credit score is already low and you're worried about qualifying, then you should stay away from payday and installment loan lenders that do hard credit checks. LendUP.com is a loan-matching service and most of our lenders try to avoid doing a hard credit check. Unfortunately, we cannot guarantee that any lender will do no hard credit check. Our lenders mainly verify your information with a soft pull and then offer support based on your income and ability to repay the loan by your next payday.

How Do I Apply for Payday and Installment Loans?

To qualify for a payday or installment loan, you will need to have a regular source of income and an active checking account. You will also need to be at least 18 years old and a resident of the United States.

To get started, you can complete our online form by providing the following information:

  • Your first and last name
  • Contact information, including an active email address and telephone number
  • Employment status/proof of income
  • Bank account information
Once you've submitted your information, we'll match you with a lender that can best meet your needs. From there, you'll be able to complete the entire process online and have your loan deposited into your account by the end of the day in most cases.

How to Learn More About Your Loan?

After qualifying, you'll receive a copy of the terms and conditions of your $200-$500 loan. If you agree to the terms, you'll be expected to repay your loan according to the set due dates. To learn more about repayment plans, contact the lender and speak with their customer support team.

If you are unable to meet the terms of repayment, you may be able to defer the loan by paying interest on the loan. This can quickly add up though, so we only recommend borrowing what you can repay.