What Is an Installment Loan?
An installment loan provides a lump sum upfront, repaid in fixed monthly installments over a set period. Unlike revolving credit, you cannot re-borrow against the same line — the balance goes down each month until paid in full.
Personal installment loans up to $50,000 are available unsecured — no collateral required — through lenders matched by 50kLoans.
Installment Loans vs. Revolving Credit
Credit cards let you borrow repeatedly up to a limit with variable minimum payments. Installment loans offer:
- One disbursement at a known amount
- Fixed APR for the life of the loan
- Equal (or structured) payments on a set schedule
- A defined final payment date
Loan Amounts & Terms Up to $50,000
Request any amount from $500 to $50,000. Common terms include 12, 24, 36, 48, 60, and 72 months. Your payment is calculated from principal, APR, and term — disclosed before you accept any offer.
How to Apply for an Installment Loan
- Choose your loan amount using the hero form above.
- Submit the 2-minute secure application (soft inquiry).
- Compare installment loan offers — note APR, payment, and term.
- Select the offer that fits your budget and sign electronically.
- Receive funds by direct deposit and begin fixed monthly payments.
Rates & Example Payments
APR ranges from 5.99% to 35.99% depending on credit and lender. A $10,000 loan at 18% over 36 months might carry a payment around $360/month — exact figures appear on your offer before you commit.
Common Uses for Installment Loans
- Debt consolidation with one fixed payment
- Home improvement projects
- Medical or emergency expenses
- Vehicle purchase or repair
- Major purchases with a clear payoff plan