Installment Loans
Installment loans at ACE can offer cash when you need it most, with more time for repayment.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 approved2 for an installment loan, the amount you receive may vary depending on your state, your income and standard underwriting criteria. Below are the online and in-store ranges for installment loans available at ACE Cash Express.
How Do Installment Loans Work?
Installment loans are personal loans a borrower uses to pay for unexpected expenses (home repair, unexpected bill, car expenses, etc.). Unlike a payday loan, the repayment period on an installment loan is extended over a longer period.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 you are 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 Loans at ACE don't have prepayment penalties, so you can pay off your loan early, which may save you interest and fees (where applicable).
Loans should be used for short-term financial needs only, and not as a long-term solution.2
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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 may 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.
Things to Keep in Mind When Applying for an Installment Loan
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 an active bank account that has been 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.
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 has been open for at least one month. Debit cards or pre-printed checks may be accepted in your state as proof of a 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 has been open for at least one month.
FAQs
An installment loan is a personal 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).
An installment loan might be a good option when you need a short-term loan with an extended repayment period. Everyone may apply.
Depending on your state, you can apply for an installment loan online or in person at an ACE store.
Apply online
In some states, you can apply for an installment loan online. The online process is simple!
- Complete the 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
Visit an ACE Store
In some states, you can apply for an installment loan at an ACE 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
There are not application fees for loans at ACE.
You can get cash fast if approved! You may be eligible for the following funding options:
- If you are eligible, get your funds loaded to your debit card.3
- Choose direct deposit to have funds in your bank account as soon as the next business day.2
- If you are eligible, pick up cash same-day at one of our stores.2
There are many factors ACE considers when assessing your ability to repay an installment loan. Anyone may apply, so don’t let a bad credit score or a less-than-perfect credit history keep you from doing so.