Gino Rodriguez, Writer
@gino_rodriguez
You can borrow up to $100,000 with an installment loan, or even more if it’s a secured installment loan such as a mortgage. Exactly how much you will be able to borrow depends on the type of installment loan you want, your credit score and debt-to-income ratio, and which lender you choose.
You’ll typically need a credit score of at least 660 to qualify for the highest loan amounts, but there are installment loans as small as $1,000 for people with lower credit scores, too. For your convenience, below is a table listing some of the best personal installment loans and how much you can borrow with each.
How Much You Can Borrow with a Personal Installment Loan
| Lender | Loan Amount | APR Range | Payoff Period |
| $5,000 - $100,000 | 7.99% - 25.99% | 24 - 84 months | |
| $3,500 - $40,000 | 6.99% - 24.99% | 36 - 72 months | |
| $5,000 - $100,000 | 8.99% - 25.81% | 24 - 84 months | |
| $2,500 - $40,000 | 6.99% - 24.99% | 36, 48, 60, 72 or 84 months |
For more information, check out WalletHub’s complete list of the best installment loans. You can then pre-qualify with multiple lenders at once using our free pre-qualification tool.
People also ask
What is the easiest installment loan to get approved for?
The easiest installment loan to get approved for is a personal loan with no credit check because the lender doesn’t perform a hard inquiry into your credit history. The best no credit check loans are from 60MonthLoans because the company offers loan amounts of $2,600 - $10,000 and an APR as low as 19%.
Easy Installment Loans to Get
| Provider | APRs | Dollar Amounts | Repayment Periods |
| 10.07% - 35.95% | $300 - $15,400 | 6 - 46 months |
What are 2 types of installment loans?
Two of the most common types of installment loans are personal loans and mortgages. Both personal loans and mortgages offer lump sums of money that borrowers get up front and then have to repay in equal installments over time, usually monthly.
2 Common Types of Installment Loans
Personal loans
Personal loans are installment loans that can be used for nearly anything. They typically range from $1,000 to $100,000, with payoff periods of 12 to 84+ months,...
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