An installment loan allows you to pay a loan over a longer period of time than a traditional payday loan.3 Installment loans at ACE allow you to repay the loan in scheduled payments that are substantially equal in amount (last payment may vary slightly). At ACE, an installment loan can be repaid early, which may save you interest and CSO fees (where applicable).
Installment loans are available online or in-store in the states below.
Minimum and maximum loan amounts vary by state. If approved, the amount you may borrow will depend upon your income and standard underwriting criteria.
California: $2,500 - $5,000
Delaware: $200 - $2,000
Missouri: $200 - $2,000
New Mexico: $200 - $2,000
Ohio: $200 - $2,000
Texas: $200 - $2,000
If approved by 6:00 PM Central Time on Monday – Friday for weekday applications, and by 2:00 PM Central Time on Sunday for weekend applications, you will generally receive the money the next business day.1,2
For verification purposes, we may need to contact you by telephone before your loan is approved. Applications received on a weekend or holiday may be verified the next business day due to bank closures.
If you are approved, you will immediately receive your approved loan amount in cash.1
Installment loan payments will be due on consecutive pay periods. The number of payments and the term (length) of the loan will vary by pay frequency. You will be informed of the payment due dates and amounts if your loan is approved.
Colorado, Louisiana, and Oklahoma customers, please visit your store for information about number of payments and term (length) of the loan.
While completing your application, you may choose to have a transfer of funds initiated from your bank account on the day the payment is due OR you may choose to send your payments through mail using a check or money order. Please note, you will be charged a higher fee if you choose to send your payments through mail.
Mailing Address (Excluding Ohio):Installment Loans at ACE Cash Express
If you are an Ohio customer, please refer to your loan documents for the mailing address.
If mailing in payment, please give at least 2-3 business days prior to your due date for the payment to arrive.
You should pay each of your installments in the store where the loan was originated with cash on or before each due date.
You will not be penalized for making an early payment.
In New Mexico and Missouri, you can set up auto-pay to automate your payments.
Every loan comes with a 72-hour satisfaction guarantee. So if you change your mind about your loan, just return the principal within 72 hours and pay nothing more.