Installment Loans
Installment loans at ACE can offer cash when you need it, with more time to repay.1
Applying for a loan at ACE does not affect your FICO® credit score. †
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Installment Loan Amounts
Installment loans have longer repayment lengths than payday loans1 and generally have equal payment amounts over the duration of the loan. If approved,2 an installment loan amount may vary depending on your state, standard underwriting criteria and income amount. Below are the online and in-store ranges for installment loans available at ACE Cash Express.
How Installment Loans Work
Installment loans are personal loans that are taken out to pay for unexpected expenses (home repair, unexpected bill, car expenses) but allow you to pay back over a longer period of time than payday loans.1
Benefits of an Installment Loan
Installment loans are available in some states when you need quick cash to pay for emergencies or unexpected expenses.
If approved, an installment loan can be a helpful option when you need money now, but you’re worried about paying it all back on your next payday.1 However, if you prefer, you can choose to repay your installment loan all at once like a traditional payday loan, which may save you interest and fees (where applicable).
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Pay Back the Loan Over Time, Not All at Once1
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Predictable Payments
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Higher Loan Amounts than a Payday Loan2
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Instant Decision
What Do I Need to Apply for an Installment Loan?
Anyone is free to apply for a loan. The process is quick and simple, and all you need are a few pieces of information to get the loan application started. Refer to the guidelines below.
Personal Information
- Name
- Address
- Valid and Active Email
- Phone Number
- Valid Social Security Number or Individual Taxpayer Identification Number
Income Information
- Proof of a steady source of recurring income, such as employment, disability, retirement, self-employment, or another income source
- Proof of active bank account that we ask to be open for at least one month. California customers must have proof of an active, personal checking account that has been open for at least one month.
Things to Keep in Mind When Applying for an Installment Loan
Personal Information
- Name
- Address
- Valid and Active Email, where applicable
- Phone Number
- Valid Social Security Number or Individual Taxpayer Identification Number, where applicable
- Valid, government-issued ID
Income Information
- Proof of a steady source of recurring income, such as employment, disability, retirement, self-employment, or another income source
- Proof of a bank account that we ask to be open for at least one month. Debit cards or pre-printed checks may be accepted in your state as proof of bank account. Contact your local store for details. Acceptable documents may vary by state. California customers must have proof of an active, personal checking account that we ask to be open for at least one month.
Things to Keep in Mind When Applying for an Installment Loan
Installment Loan Questions
An installment loan is a short-term loan that allows you more time to repay than a traditional payday loan.1 Installment loans at ACE allow you to repay the loan in scheduled payments that are substantially equal in amount. At ACE, you can choose to repay early without penalty, which may save you money on interest and fees (where applicable).
Each loan type has benefits and depends on availability in your state. If you are choosing an installment loan, you may want more time to pay back your loan with a possibly larger purchase or expense. A payday loan is supposed to be used temporarily and to be paid back in full at your next payday. 1
Depending on your state, you can apply for a installment loan online or in person at an ACE Cash Express store location.
Online
In some states, you can apply for an installment loan online. The online process is simple!
- Complete the installment loan application. This takes just a few minutes.
- Receive an instant decision.
- If approved, have your loan proceeds instantly delivered to your debit card if eligible,3 or direct deposited to your bank account by the next business day, or depending on your state and if eligible, pick up cash at a store near you! 2
In-Store
In some states, you can apply for an installment loan at an ACE Cash Express store location.
- Use the Store Locator to find a store near you and apply in person.
- Receive an instant loan decision.
- If approved, walk out with cash in hand immediately! 2
You can get cash fast if approved! You may be eligible for the following funding options:
- If eligible, get your funds loaded to your debit card.3
- Deposit money into your bank account overnight.2
- If eligible, pick up cash same-day at one of our stores.2
When you applying for an installment loan, there are many factors that provide us the information to choose your ability to repay the loan. Applying for a loan at ACE does not affect your FICO® credit score. †