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Compare two-month short-term loans

How to apply and what to consider before getting a 60-day loan.

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It’s not uncommon to find yourself short on cash before your next payday, especially due to unexpected emergencies. Short term loans, also known as payday loans, offer a way to get the money you need in a hurry, but as the name suggests, you also have to pay it back by your next payday.

Need a bit more time than that? Finding a short term loan where you have up to 2 months to repay the loan is possible.

Our top pick: Fast5kLoans Short-term Loans Connection Service

  • Min. Loan Amount: $100
  • Max. Loan Amount: $35,000
  • Turnaround Time: As soon as the next business day
  • Loan Term: 6 months to 6 years
  • Requirements: Regular source of income, verifiable bank account, US citizen, ages 18+
  • Wide range of loan amounts
  • Variety of loan terms
  • Quick process

Our top pick: Fast5kLoans Short-term Loans Connection Service

Get connected with multiple lenders you might qualify with — even if you have bad credit.

  • Min. Loan Amount: $100
  • Max. Loan Amount: $35,000
  • Turnaround Time: As soon as the next business day
  • Loan Term: 6 months to 6 years
  • Requirements: Regular source of income, verifiable bank account, US citizen, ages 18+
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Looking to apply for a 2 month short term loan? Here’s what to know

Check the map below to see if payday loans are legal in your state.

Payday loan availability by state

How quickly you receive the approved funds for your short term loan depends on whether you apply for it online or in-store.

Many short term lenders provide instant 2 month short term loans when you apply online, in which case you can look forward to getting your hands on the money by the next business day.

Repayments come in the form of agreed-upon installments which are debited from your bank account automatically on each payday during the given 2 month period.

How short term loans work

A selection of loans you can apply for

Check the websites of any providers you’re interested in to confirm they operate in your state of residence.

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
Check Into Cash Payday Loan
$1,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
LendYou Short-term Loans
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Fast5kLoans Short-term Loans Connection Service
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
OppLoans Installment Loans
$5,000
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
Possible Finance Mobile Installment Loans
$500
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
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Compare up to 4 providers

Questions to ask

Comparing 2 month short term loans before applying is always a good idea. Here are factors that will require your attention:

  • What are the fees involved? Short term loans charge interest in the form of fees, which are normally charged by every $100 borrowed. While the amount you borrow has a bearing on the fees you end up paying, so do state regulations that apply. Remember that lenders have no fixed fee structures in place.
  • What kind of repayment flexibility is offered? Most lenders who provide 2 month short term loans require that repayments come in the form of direct debits from a nominated checking or savings account. Some lenders allow you to repay the loan amount ahead of time without charging penalties. Some give you other payments methods from which to choose, including credit cards, Western Union and MoneyGram.
  • What is the processing time? Applying for these loans does not take long, as long as you have the required information handy. With in-store instant 2 month short term loans, you get the money immediately after approval. If you choose to apply online, you may have to wait until the following business day.

Benefits and drawbacks

Pros

  • You can get the money quickly. Lenders can have your money to you in one to two business days at the latest, or in as little as a few hours.
  • Use the money however you want. Once you get your money, you can use it for any legitimate purposes.
  • You can apply with bad credit. Most short term lenders don’t run credit checks with the three major credit bureaus. Instead, they use Teletrack and look at your ability to manage the repayments.

Cons

  • The higher than normal fees. All 2 month short term loans charge loan fees, and these are traditionally higher than the fees a conventional loan comes with.
  • May not be available in your state. Your ability to apply will depend on the state you reside in.

Other consideration factors

  • Your ability to repay. If you think you’ll have trouble repaying on time, avoid taking the loan in the first place. You will end up paying quite a bit in additional fees, and potentially negatively impacting your creditworthiness.
  • Review the loan’s term and conditions. Doing so can limit the chance of being surprised by fees and charges down the road.
  • Avoid making late payments or getting your loan refinanced. Again, this will mean you have to pay more in the long run.

The bottom line

Getting a short term loan that you can repay in two months can give you enough time to streamline your finances, but make sure you compare your options before applying.

What type of loan are you looking for?

Fixed Term

Fixed Amount

7 daysPicture not describedcheckmark$1,000
30 daysPicture not describedcheckmark$1,500
2 monthsPicture not describedcheckmark$2,000
3 monthsPicture not describedcheckmark$3,000
5 monthsPicture not describedcheckmark$4,000
6 monthsPicture not describedcheckmark$5,000
12 monthsPicture not describedcheckmark$10,000
24 monthsPicture not describedcheckmarkCompare more

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