9 month personal loans — get cash now and pay back over time

Need short-term financing? Here’s how a nine-month personal loan can give you a quick cash boost.

When you need a quick and simple way to finance a project or pay for an unexpected emergency, you can get the money you need with a 9-month personal loan or installment loan. These types of loans can come in handy when you need to access to cash and want to have affordable installment payments spread out over nine months, as opposed the short payback period that short term loans, also referred to as payday loans, require.

Banks and other lending institutions have long approval periods and stricter documentation requirements which could make it a bit longer to access finances, especially during an emergency. With this in mind, it can sometimes help to seek alternative financing from a creditor who offers short term loans.

How does a 9 month loan work?

Nine-month personal loans are designed to help you with your finances when you need cash soon but would like to pay it back over a period of 9 months or more.

Loan terms will vary based on the state you live in. You can usually apply online and have the cash you need deposited quickly. A nine-month personal loan could give you access to up to $5,000, with the option to pay it back conveniently within a period of three to nine months.

Installment loans can be another option when looking for a cash loan. Often installment loans will get you cash faster, though may have to pay off the loan in a short amount of time, such as 5 months.

Compare installment loans

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

Rates last updated August 22nd, 2017
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time
OppLoans Installment Loans
Get a better installment loan repayment terms up to 36 months, depending on your state.
$4,000
9 to 36 months
1 business day
Slam Dunk Loans
Get approved for a cash loan today with this lender matching service offering short term funding. Availability depends on your state of residence.
$2,500
Varies by lender
As soon as next business day
NetCredit Installment Loan
Build a positive credit history with on-time payments through flexible repayment options that include credit card and money transfer.
$10,000
Varies upon state
1-3 business days
Cash Central Installment Loan
Pay monthly or biweekly over six to 24 months with lower APRs over your typical payday loan.
$5,000
6 to 24 months
Next Business Day

Compare up to 4 providers

What do you need to look for when comparing 9 month loans?

  • Fees and rates.
    Rates will vary based on whether you choose a personal loan, installment loan or payday loan. Shopping around is the best way to ensure you end up with a loan with competitive rates.
  • Repayment terms.
    Another thing you should consider when applying for a nine-month personal loan is whether it offers a payment plan (weekly, biweekly or monthly) that suits you. The repayments should be within your income.
  • Approval period.
    Turnaround time will vary. Bank loan applications can be in-depth and time consuming, while payday or installment loan are usually much quicker, if not with instant approval, and should give you access to cash quickly.
  • Repayment penalties.
    Some installment loans carry hefty penalties for missed repayments, which could end up straining your finances more and raising the cost of borrowing.

Benefits and drawbacks

Pros

  • Instant approval.
    Lenders offering installment loans know that you need cash in a hurry, which is why they make the application and approval process much quicker than banks do. You can apply for a 9-month personal loan online and get approved in a day or two, allowing you to access the cash you need almost instantly.
  • Flexible loan amount.
    Different lenders offer different loan amounts, but you can generally borrow anywhere from $300 to $5,000. Regardless of whether you need a large amount for a vacation or you just need a small boost in your finances, a 9-month personal loan could work for you.
  • Flexible loan term.
    Most 9-month installment loans offer you a flexible repayment period and repayment options that suit your finances. You usually have the option to make weekly, biweekly or monthly repayments to suit your budget.

Cons

  • Higher fees and rates.
    Payday and installment loans are meant for short-term financing, which makes them more expensive than standard loans. If you opt for a variable rate loan, and pay out early, you may be charged an early payout fee.

Things to be cautious of

  • Overspending.
    The temptation to borrow more than you need is always there with payday or installment loans because you get the cash fast without having to satisfy strict lending criteria. You should always remember that you will have to pay interest and other additional costs on your loan, so you should only borrow the amount you need and have a clear purpose for what you want to spend it on.
  • Missing repayments.
    Make sure that you can comfortably make your monthly repayments before you apply for a loan, as there are usually penalties for late payments.

How to apply

A nine-month personal loan can make life a lot easier when you find yourself in a tight financial spot. Please note that you will have to meet the following requirements:

  • You have to be at least 18 years old in most states
  • You must be a United States citizen or permanent resident
  • You must provide proof of income

Use our comparison table above and get a product that fits your needs today.

What type of loan are you looking for?

Fixed Term

Fixed Amount

7 days
30 days
2 months
3 months
5 months
6 months
12 months
24 months

The bottom line

Remember, it’s always important to compare your options when it comes to loans for any term length.

Are payday loans available in my state?

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US Payday Loans Offers

Learn about our information service
Slam Dunk Loans

Get approved for a cash loan today with this lender matching service offering short term funding. Availability depends on your state of residence.

LendUp Payday Loans

LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

Check into Cash Payday Loan

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

OppLoans Installment Loans

Get a better installment loan repayment terms up to 36 months, depending on your state.

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