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Compare three-month short-term loans

What you need to know about how these short-term loans work before you apply.

Three-month short-term loans can be an attractive option when you need money fast and can’t qualify for a personal loan. They’re more manageable than your traditional payday loan, which you have to pay back in full with your next pay check. However, a longer term makes your loan more expensive — especially since these rates often hit the triple digits. It can also be difficult to find a lender that offers installment loans with such a short term.

A selection of loans you can apply for

Name Product Filter Values Loan amount Turnaround time Requirements
B9 pay advance app
Up to 100% of your salary
$500+ in monthly direct deposits into B9 account, checking account, ITIN or SSN, government-issued photo ID
Withdraw 100% of your paycheck with no extra fee for instant funding.
OppLoans Installment Loans
$500 to $4,000
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.
$1,000 to $25,000
2 to 3 business days
Be employed, have a US bank account, live in a state where Stilt operates, hold one of the following visas: F-1 and OPT, H-1B, H4, O-1, L-1, TN, J-1, DACA or be a US citizen.
Get a fair loan designed for immigrants and nonresidents.
CashNetUSA Loan
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
Fast5kLoans Short-term Loans Connection Service
$100 to $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.

Compare up to 4 providers

How do 3-month payday loans work?

Three month payday loans work like any kind of installment loan: You borrow money upfront and pay it back plus interest and fees over three months. Typically they range from around $500 to $5,000, though some three-month short-term loan providers offer loans as large as $10,000.

Many three-month short-term loan providers have online and in-store applications. If you apply in-store, you could get your funds during your visit. With online applications, you can often get your funds in as little as the next business day.

How much do 3-month payday loans cost?

Short-term loans are expensive and three-month payday loans are generally no exception. Many installment loans come with APRs that can get as high as 400%. However, some states like California have restrictions on how much your lender can charge on loans under $5,000 so costs often vary by state. In fact, some lenders might not offer installment loans with three month terms due to state regulations.

However, it is possible to get a three-month short-term loan with reasonable rates. For example, online connection service CashUSA works with providers that offer loans with terms that run from with rates ranging from –.

Am I eligible for a 3-month payday loan?

Different lenders have different requirements — and it can sometimes vary by state. However, lenders typically require borrowers to:

  • Be at least 18
  • Be a US citizen or permanent resident
  • Have an active checking account
  • Have a steady job or source of income
  • Live in an eligible state

How can I find the right 3-month short-term loan for me?

Ask yourself the when comparing short-term lenders to make sure it’s a right fit:

  • Is it available in my state? Since many states have regulations on loan rates and terms, your lender might not offer three-month short-term loans in your state.
  • How much does it cost? Many short-term loans providers charge fees instead of interest, usually for every $100 borrowed. Some might charge interest. It varies based on the amount you borrow and the regulations of your state.
  • Are applications from people with bad credit accepted? Lenders who offer three-month payday loans are more relaxed in their requirements and are willing to give you a chance even if you don’t have the best credit history.
  • What kind of repayment flexibility is there? Some lenders allow you to repay the loan amount ahead of time without charging penalties so you can save on the cost of your loan.
  • What is the processing time? Applying for a three-month payday loan is usually a quick process, but some lenders are faster than others. With in-store applications, you could receive your loan immediately after approval. If you apply online, your loan should be available the following business day.

How do I apply for a 3-month payday loan?

You can usually apply for an 3-month payday loan online or in the store, depending on your lender. If you apply online, make sure that your lender is licensed to offer that type of financing in your state. Many lenders display their licenses on the rates and terms page for states that require it.

Filling out the application typically only takes a few minutes, as does approval. Most lenders ask for the following documents and information:

  • State-issued ID
  • Bank account and routing number
  • A recent pay stub or other proof of income

Benefits and drawbacks of 3-month short-term loans


  • Quick approval. If you’re applying for a 3 month short-term loan at a store, you’ll get your approved funds as soon as you accept the loan’s contract. If you’re applying online, you’re likely to get your money transferred into your bank account the next business day.
  • Bad credit is OK. Being approved for a 3 month short-term loan with bad credit is possible because most short-term lenders don’t run credit checks with the three major credit bureaus. They often look for your ability to manage repayment.
  • Online and in-store options. You can apply for a three-month installment loan from your bedroom or go in person if you need money right away.


  • High APR. Payday loans are known to have a high APR, meaning you have to pay much more in fees and charges than you would with a traditional loan from a bank.
  • Automatic payments. While lenders like to list debiting directly from your bank account as a positive, if you don’t have the money to pay back your loan, it could lead to overdrawing–that means more fees.
  • Disreputable lenders. Although short-term loans can be a good solution to financial emergencies, you should be on the lookout for lenders who don’t obey state law. Some states don’t allow payday loans, and those who do usually have regulations. Make sure your provider follows all the rules so you stay safe.

Same-day short-term loans

How does repayment work on a 3-month loan?

Once you get your funds, you’re on the hook for repayments. Some loans come with monthly repayments while others might come with bimonthly, weekly and even biweekly repayments. Since there’s more than one payment, three-month short-term loans don’t always face the same legal restrictions that you might find with payday loans due within 30 days.

Most lenders allow you to sign up for automatic repayments from your bank account. However, others might accept manual repayments online, in-person repayments at a physical location or wire transfers. You might want to check out our guide to getting a loan without a bank account if you don’t have a checking or savings account — they can be hard to find.

Bottom line

Getting a short-term loan that you can repay in three months can give you enough time to streamline your finances. But taking on a high-rate loan with a longer term can sometimes be more expensive than your traditional payday loan. You can learn more about your short-term loan options by visiting our payday loans guide.

Frequently asked questions

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

Are payday loans available in my state?

More guides on Finder

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8 Responses

    Default Gravatar
    IrisJuly 19, 2018

    Hello, does this company do credit checks? My credit is bad so if so it’s no need of me applying. What is the APR?

      Avatarfinder Customer Care
      JhezJuly 20, 2018Staff

      Hello Iris,

      Thank you for your comment.

      There are still lenders that do not conduct credit checks but may check for employment history, previous debts, and your income to determine your eligibility. This will guide you on how to obtain a no credit check loan. I hope this helps.


    Default Gravatar
    AnnDecember 13, 2017

    I don’t have one just call me thanks

      Avatarfinder Customer Care
      RenchDecember 25, 2017Staff

      Hi Ann,

      Thanks for your inquiry. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.

      If you are interested in applying for 3-month short term loans, please enter your state on the page and it will show you a list of loans that’s available.

      Please click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the green “Go to Site” button to submit your loan application online.

      Best regards,

    Default Gravatar
    TonyJuly 26, 2017

    Looking for a loan but I don’t get my check till the 1st of every month who can help me?

      Default Gravatar
      CarmenAugust 22, 2017


      Avatarfinder Customer Care
      MariaAugust 22, 2017Staff

      Hi Carmen,

      As a friendly reminder, Finder is a financial comparison website and not a product issuer. It’s best to consult with a lender directly to discuss your eligibility and options.

      There are lenders that consider disability income. You may find useful information on our page on Loans for People on Pension.

      Before applying for a loan, please make sure to read the details, as well as the relevant PDS/ T&Cs of the loan option before making a decision and consider whether the product or option is right for you.

      I hope this helps.


      Avatarfinder Customer Care
      HaroldJuly 26, 2017Staff

      Hi Tony,

      Thank you for your inquiry.

      To apply for “3-month short term loans” you should be a US citizen or a permanent resident, meet state-specific age requirements, have a regular source of income, and have an active bank account in your name. The requirements and eligibility criteria may vary depending on the lender.

      It would be nice if you can check the details before you proceed with your application. If your checking account isn’t available yet, you may want to consider applying for no bank account loans instead.

      I hope this information has helped.


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