Payday loans you can take 2 months to repay | finder.com

Compare two-month short-term loans

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

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.

CashUSA Installment Loans

CashUSA Installment Loans
  • Bad credit is OK
  • No application fee
  • Debt education resources

CashUSA Installment Loans

A connection service for quick cash loans up to $10,000.

  • Minimum loan amount: $500
  • Maximum loan amount: $10,000
  • Turnaround time: As early as 1 business day
  • Loan term: 90 days to 72 months
  • Must have a monthly income of $1,000+ after taxes and valid checking account.
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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.

Updated August 17th, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
$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.
$2,600
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
Varies by state
1 business day
Regular source of income, bank account, US citizen or permanent resident, ages 18+
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
$15,000
1 business day
$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.
$10,000
As early as 1 business day
$1,000+ monthly income after taxes, valid checking account
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
$50,000
1 business day
Employed, $800+ regular monthly income, checking account, ages 18+, US citizen
Fill out a simple online form to compare offers from several lenders that may be able to help.
$250
As soon as the next business day
Checking account with ACH, proof of income, Social Security number, ages 18+
Get rewarded for making on-time repayments with better rates and terms on future loans.
$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.

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 days
30 days
3 months
5 months
6 months
9 months
12 months
24 months

Frequently asked questions

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US Payday Loans Offers

Important Information*
Logo for CashNetUSA Loan
CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

Logo for Check into Cash Payday Loan
Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

Logo for OppLoans Installment Loans
OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

Logo for LendYou Short-term Loans
LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

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