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We offer installment loans in Texas

What is an installment loan?

An installment loan is a personal loan that’s paid back in individual payments. Each payment is known as an installment, hence the name installment loan. This type of loan is repaid with regularly scheduled payments over a set period of time. In our case, it’s 180 days.

Installment loans are quite common. Mortgages, auto loans, and student loans are all types of installment loans. An installment loan traditionally allows you to borrow more money than a single-pay loan. For our customers in Texas, eligible borrowers may access up to $1,200 through an installment loan. Filling out the application only takes a few minutes, and applicants receive an instant decision. If approved, funds are deposited same day for accounts with a valid debit card on file. If there’s no valid credit card on file, the funds are deposited as soon as the next business day.

How do installment loans work?

Online installment loans allow you to borrow a larger sum of money than a traditional personal loan. You then pay down the total in fixed payments, rather than all at once. This allows you to budget the amount owed every month.

Payments include the amount borrowed (also called the principal amount), plus interest. How much you pay is determined by the loan amount, plus the length term and interest rate. These variables are fixed, meaning they stay constant throughout the lending process. Additionally, you will pay a CAB fee, which compensates us for obtaining a third-party loan for you. It’s usually a percentage of the principal loan amount.

No credit check is required for an installment loan through Net Pay Advance. Because no credit check is required, it’s easy to get approved for funds from an installment loan. Installment loans are liked for their simple approval process, as compared to a credit card or traditional loan.

question mark How soon will I get my money?

*Approved applicants with a valid debit card on file qualify for a same day deposit. Otherwise, approved funds are deposited the next business day.

 

Complete our simple and secure online application in minutes. Once you hit submit, we'll take care of the rest.

Our team will review your application and give you an instant decision.

Approved funds are directly deposited to your account the same day*!

Why thousands recommend 

We’ve got quite a bit to offer. Here are just a few out of the countless reasons why customers keep coming back.

Referral Program

Free Due Date Extensions

Discounts

Mobile App

At Net Pay Advance, we prioritize YOU – the customer, by offering quick access to cash. We empower you by providing cash assistance with no credit checks so that you can meet their expenses till you receive your next paycheck

Am I eligible for a installment loan?

Installment loans are available to applicants with no credit check required. Instead, Net Pay Advance requires that applicants meet a set of criteria.

 
 
 

Be at least 18 years of age or older

Have a resident address in Texas

Have a bank account active in your name for at least 30 days

Please note that the criteria above is required to apply and does not automatically qualify or guarantee approval of a loan. Applications process quickly through Net Pay Advance. Approved applicants may see their cash deposited the same day. Unlike others, payday loans from Net Pay Advance do not require (nor accept) collateral.

Am I eligible for a installment loan?

Payday loans are available to applicants with no credit check required. Instead, Net Pay Advance requires that applicants meet a set criteria.

Be at least 18 years of age or older

Have a resident address in California, Kansas, or Texas

Have a bank account active in your name for at least 30 days

Please note that the criteria above is required to apply and does not automatically qualify or guarantee approval of a loan. Applications process quickly through Net Pay Advance. Approved applicants may see their cash deposited into their bank account the same. Unlike other payday lenders, payday loans from Net Pay Advance do not require (nor accept) collateral.

What are the terms of a installment loan?

Installment loans differ from traditional payday loans in a number of ways. One in particular is the pay schedule for an installment loan is set up for a duration of up to 180 days, instead of a singular transaction.

Additionally, borrowers can pay down an installment loan ahead of schedule. Paying off an installment loan before the end of the term can help save money. The sooner you repay, the more money you save on interest. There are no penalties for paying off an installment loan early, should you have the funds to do so. But there is no obligation to pay above your scheduled payment amount.

Borrowers may receive a five-day payment extension throughout the loan. Beyond that, a late fee may be assessed. There is a $7.50 late fee assessed on the 11th day past due, and one will be assessed for every statement more than 10 days past due. Additionally, a returned check due to insufficient funds will result in a $30 charge.

Easy and affordable

Net Pay Advance made it easy to get the cash I needed and paying off the loan was hassle free.

- Christopher S

Highly Recommend

Truly the fastest and easiest place to do business with. I’m a very satisfied customer!

- Noelia R

Great customer service

Great customer service, prompt response and available whenever needed.

- Shanani B

 

Frequently Asked Questions

1How can I get an installment loan online?

It’s easy to get an online installment loan with Net Pay Advance. Start by filling out our application here and follow the instructions. Our application process takes a few minutes, and you may have a decision as quickly as the same day.

2 Is an installment loan right for me?

Installment loans are flexible and are easily tailored to the borrower’s pay schedule. Net Pay Advance works to establish a loan length and loan amount that best matches our borrowers. Then, we align it with the borrower’s pay schedule, so nothing is unexpected.

An installment loan offers financing without credit checks necessary with personal loans or credit financing, like a credit card. An installment loan provides more cash than a traditional payday loan. It allows you to cover a larger emergency expense, or keep cash on-hand, instead of tying up all your funds at once. Installment loans can help pay down a large expense, like a medical bill or home repair. These loans enable borrowers to have a predictable payment amount that they may budget.

3How do I repay?

Installment loans are made to be repaid over multiple scheduled payments. We set up the repayment schedule to be convenient. Gradually, customers repay a little on each payday. Within 180 days, the loan is repaid in full. If the customers prefer to pay the installment loan off sooner, or save money, we have early payment options. Customers that pay off their loan ahead of schedule save money on interest!

4How much does an installment loan cost?

There is no predetermined fee set for an installment loan. Interest rates are dependent on the principal amount and the term length of the loan. Installment loans are fixed-rate, meaning the interest rate stays the same throughout the loan term.

Payments include the amount borrowed, plus interest. A payment is deducted automatically every payday over the course of up to 180 days, or until the payoff total is reached. The core components of your payment stay consistent, making it easy to budget.

5How do I use my installment loan?

Our Texas installment loans are great for when you need a larger sum of cash on-hand or need a longer time to pay it off. Installment loans are commonly used to help pay for larger unexpected expenses. There are usually expenses that arise in an emergency and are unlikely to be covered in one paycheck. With Net Pay Advance, we offer installment loans up to $1,200. Several hundred dollars, or even a thousand dollars, is usually enough to cover a sudden home repair, major car repair, or even an emergency medical bill. These short-term loans really come in handy when you have several unexpected bills arise at once.

6 What is APR?

With any loan, you’ve likely heard the term “APR” or “annual percentage rate”. Traditionally, this number is used to show the cost of a loan repayment. However, APR is an annual number. They show the cost of a loan repayment expressed on a yearly basis. Since it’s based on a year, the APR number increases when a loan term is shorter, even if the cost is the same as a loan with a longer repayment time. Installment loans are repaid over the course of a couple months. When it comes to short-term loans, APR is not synonymous with cost. There are more accurate metrics to consider when comparing short-term loan costs.