Best Online Long-Term Installment Loans for Bad Credit In 2022

Financial facilities provide long-term installment loans to help startup businesses and individuals to cover immediate costs. Essentially, these loans are designed to help companies grow, extend their products and services, or recover from a tragedy. 

In this article, we’re going to highlight the top five best long-term installment loan sites that you can use to improve your business or get it back on its feet after a disaster. 

What are Installment Loans? 

Long-term installments are loans taken in large amounts and paid back in bits (installments) over time. 

Installment loans can be used in various ways, such as covering medical bills, renovating homes, consolidating debts, or simply paying off utility bills. 

Even so, selecting a suitable lender can be overwhelming. Each lending firm has its terms and conditions, rates, loan charges, and credit score thresholds. 

Here are the five USA best installment loan platforms in 2022: 

5 Best Installment Loans Online 2022

1. Heart Paydays 

Heart Paydays is among the leading lending options that offer guaranteed installment loans for bad credit in the USA. They provide their full services online, saving you the trouble of applying in-store. Applying for long-term instant loans at Heart Paydays takes less time than traditional lending organizations—about ten minutes. 

Even people with bad credit scores, who receive government benefits, or those without jobs can still qualify for these loans from Heart Paydays. 

Generally, this platform deals with payday loans ranging from $200 to $2,000 payable after two months, but individuals can still receive loan amounts up to $5,000 with a two-year repayment period. 


  • No paperwork involved
  • The application and approval process is fast and easy
  • Those with bad credit can also apply
  • The disbursement process is fast 


  • The loans come with high-interest rates.

2. Viva Payday Loans 

Viva Payday Loans allows borrowers to apply for long-term payday loans, irrespective of their credit background. Like all Payday loans, Viva Paydays is primarily concerned with your ability to repay the loan in time. They rarely conduct credit checks, which improve the chances of your application being approved. 

Their long-term installment loan for bad credit starts from $100 to $2,000. They are an excellent lender, especially if your credit history is not good and you don’t want a lender to look into it. 


  • Same day payout
  • Loan amounts range from $200 to $2,000
  • The application process is easy and fast 


  • Their services are not accessible in all states

3. Credit Clock 

Credit Clock is one of the most popular firms offering long-term instant loans in the USA. The platform is reputable for its quick loaning services—their application takes about two to five minutes. Their loan amounts start from $200 to $5,000 and come with short repayment terms. 

Additionally, Credit Clocks’ loan requirements are lenient, and even people with a bad credit background can apply for their loans if they can prove that they earn at least $1,000 a month. They commonly use affordability and age (18 years and above) as the factors to determine your eligibility.  


  • Borrowers with a bad credit score are welcome to apply
  • Quick approval 
  • Same day payout


  • Applicant must be earning at least $1,000
  • Their rates are high

4. Money Lender Squad 

Money Lender Squad provides long-term instant loans for bad credit in the USA. You don’t need a guarantor to secure your loans. Additionally, they approve loan applications almost instantly, and their APRs are also relatively lower than those of most payday loan companies. 

Money Lender Squad loans usually have repayment terms of about two months. However, depending on your loan amount, your loan can come with a payback term of up to two years. Their rates range from 36% to over 400% APR. 

After approving your application, this broker site will direct you to appropriate lending firms in their database. The direct lender will ask a few questions and request documents to verify if you’re eligible for their loans. If they figure out that you’re qualified, they’ll deposit the amount in your account. 


  • They offer an extended payment period
  • Their loan application process is easy 
  • You don’t need a guarantor to qualify for their loans
  • Individuals with bad credit are welcome to apply


  • The interest rates fluctuate.

5. Cash Central

Cash Central is among the favorite digital lenders in the USA. They offer long-term installment loan amounts ranging from $300 to $5,000. The best thing about this platform is that you don’t need an individual to qualify for a perfect credit background. 

Cash Central loans come with repayment terms varying from six months to two years. They also give you the option of choosing your repayment pattern; biweekly, semimonthly, monthly.

The company demands access to your bank as a condition for the loan to withdraw the money when repayment is due automatically.


  • Fast disbursements
  • You can apply even if you have a bad credit


  • Exaggerated interest rates

Wrap Up

Analyzing your financial status, budgeting, and determining your financial needs are essential life factors. Long-term instant loans can be an excellent supplement to your budget, especially if you run a startup business. They come with extended payback periods and are relatively cheaper than most other loan options. 

However, it would be best to research the requirements, drawbacks, and other relevant aspects of long-term instant loans before proceeding with an application. 


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