Installment Loans Online
LendUp Installment Loans: A better short-term loan alternative
Imagine this scenario: Your car has broken down on the freeway. You have it towed to a garage, and the mechanic tells you fixing it will cost $200. The problem is you emptied your checking account to pay the towing company. Or maybe you work in a position where your income varies, such as a server or bartender, and you didn't make quite enough this week to pay a bill on time. Do you let it go overdue and rack up late fees until your next paycheck? Skimp on the grocery budget to pay it and keep your credit from taking another hit? This is a reality many people face on a regular basis, and for those with poor credit, traditional options such as bank loans or credit cards may not be possible. In these situations, a payday loan or installment loan may be a way to get the money they need and protect credit at the same time.
What are installment loans?
Installment loans are a way to get money quickly for emergency expenses or to bridge the gap between paychecks. You get the money up front, and then you can pay back the loan over multiple payments, also known as installments. Installment loan amounts and terms vary by lender and what you are able to qualify for.
What makes LendUp better?
With the LendUp Ladder, we strive to provide a path for customers in eligible states to move up and earn access to apply for more money at a lower cost. LendUp installment loans at the Platinum and Prime levels may report to credit bureaus, which can help build your credit history. See The LendUp Ladder for details. LendUp's online installment loans (where available) also come with access to additional tools and features like a 24/7 personal dashboard, our free credit education courses and a friendly and responsive customer support team. At LendUp, our success hinges on your success, which means we're focused on delivering installment loans with clear, easy-to-understand terms. Installment loans are not available in all states due to state laws and regulations.
What do you need to qualify and apply for a LendUp Loan?
Interested in LendUp's online installment loans but worried you won't be approved? We understand. At LendUp, we don't run a traditional credit check, and you don't have to have good credit to qualify for one of our loans.
Here's a list of everything you need to get started:
A valid phone number that can accept incoming calls
A working email address
A checking account that can accept electronic transfers
To apply for a LendUp Loan, you'll also need to be a resident in one of the states we're licensed in and be at least 18 years old. We'll also ask for your employment details or the source of any recurring income. And you can rest easy because we're committed to protecting your privacy and personal information online. We won't sell your information to anyone, and we only use it to help us verify your identity and make an approval decision.
What does the application and approval process look like?
We know that filling out endless paperwork and forms isn't something you want to do when you're already stressed, so we made our application and approval process for online installment loans as fast and easy as possible. You can apply for an installment loan online in as little as five minutes, and we give you an instant decision. If you're approved, and if your LendUp loan is submitted before 5 p.m. PT (weekdays), we’ll electronically transfer the funds to your bank account within one business day. See our lendup.com/faq for details.
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What is LendUp?
LendUp is a socially responsible direct lender dedicated to helping our customers meet their short term needs.Learn more about LendUp »
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What people are saying
an innovative new payday loan banking model that’s more Silicon Valley than Wall Street
LendUp is leveraging technology to redefine the payday lending experience, bringing a new level of innovation and transparency to an industry that desperately needs disruption.
...LendUp is a better product than the traditional payday loan.
A lending startup with a heart
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Testimonials reflect the individual's opinion and may not be representative of all individual experiences with LendUp. Customers received compensation in the form of points on the LendUp Ladder.