HonestLoans installment loans review

In need of a loan but don’t have time to research multiple lenders? HonestLoans can help.

When you need cash, you might be looking into an installment or payday loan to pay your bills or cover a financial emergency. Bad credit can make your search harder — but not impossible.

Lender-matching services like HonestLoans could help you connect to multiple lenders at the best terms you’re eligible for.

Min Loan Amount$400
Max. Loan Amount$2,500
Loan TermVaries by lender
Turnaround TimeAs soon as one business day
RequirementsMust be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
  • Be employed and receive regular income
  • Earn at least $800 a month
  • Have a checking account
  • Be 18 years of age or older
  • Be a legal US citizen
  • Not reside in Arkansas, Arizona, Georgia, Oregon, Virginia, West Virginia or New York

What is HonestLoans?

HonestLoans is an online lender-matching service that works to connect you with lenders that may be able to meet your needs. You specify the criteria you’re interested in, and HonestLoans searches its network of lenders based on those specifications.

After you submit your application and find a match, you’re redirected to the lender’s site. That specific lender then provides you with the terms and conditions of your contract. You’re required to repay your loan according to these terms, so review them carefully before you accept the contract.

HonestLoans does not service residents of the following states: Arkansas, Arizona, Georgia, Oregon, Virginia, West Virginia or New York.

What are the benefits of HonestLoans?

  • Fast turnaround. HonestLoans boasts fast turnaround that extends to the lenders it partners with. You could be approved in minutes and receive your funds in as little as one business day.
  • Online application. No need to visit a storefront — you can apply from the comfort of your home or wherever you can connect to the Internet.
  • Multiple options. Because HonestLoans works with a network of lenders, you could be matched with several providers to choose from.
  • All credit is OK. Installment and payday loans are designed for people with less-than-perfect credit. As long as you have a steady income and can make your payments on time, you’ll likely qualify for funding.
  • Use money for any purpose. Once you receive your funding, you can use it for just about anything, whether you need to pay overdue bills, fix your car or simply get by between paychecks.

Curious about how installment loans work? Find out more

How does HonestLoans compare to other providers?

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

A selection of online installment loans you can apply for

Rates last updated October 18th, 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 Requirements
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
$4,000
9 to 36 months
1 business day
Open only to residents of AL, CA, DE, GA, KS, ID, IL, MO, MS, NM, OH, SC, TN, TX, UT, VA and WI. Must have direct deposit to demonstrate sufficient monthly income.
Slam Dunk Loans
Potentially get approved for a short-term loan through this lender-matching service, even with poor credit history.
$2,500
Varies by lender
As soon as next business day
Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
MoneyKey Installment Loan
Apply for money when you need it and receive your funds as quickly as one business day.
$1,000 (unless otherwise stated)
Varies by state
1 business day*
You must be a permanent US resident or citizen, at least 18 years old, and have a regular income.
HonestLoans Installment Loans
Get a flexible installment loan with fast funding through one easy online application form.
$2,500
Varies by lender
As soon as one business day
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
NetCredit Installment Loan
Build a positive credit history with on-time payments and flexible repayment terms. Check your rate without affecting your credit score.
$10,000
Varies upon state
1-3 business days
Must be 18+ years old, a legal resident of the US and have a Social Security number. Minimum credit score of 550.
Blue Trust Loans Installment Loans
Get an installment loan from an online tribal lender. Perks for returning borrowers.
$1,250
6 months
As soon as next business day
Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.

Compare up to 4 providers

A selection of lender-matching services you can apply with

Rates last updated October 18th, 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 Requirements
Bad Credit Loans Personal Loans
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
$5,000
3 to 60 months
Varies based on lender
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
Slam Dunk Loans
Potentially get approved for a short-term loan through this lender-matching service, even with poor credit history.
$2,500
Varies by lender
As soon as next business day
Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.
TriangleCash Payday Loans
If you have bad credit or no credit history, apply to be matched with a network of lenders for funding at rates that vary by state.
$1,000
Varies based on lender
As soon as next business day
You must be a US citizen, at least 18 years old, and have a valid bank account.
SWIFT Payday Loan
Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
$1,200
Varies by lender
Next business day
Must be at least 18 years old and employed or have regular income.
LoanSolo.com Payday Loans
Get matched with a legit lender offering convenient payday loans and quickly get funds.
$1,000
Varies by lender
As soon as one business day
You must be 18+ years old, legally work and live in the US, have a bank account in your name and be employed with sufficient income.
ExtraLend.com Installment Loans
This free and simple service matches you with online lenders offering installment loans.
$3,000
Varies by lender
As soon as one business day
Must be at least 18+ years old, legally work and live in the US, have a bank account in your name and be employed with sufficient income.
iCashLoans.com Short Term Loans
Potentially get a loan through a network of 100+ lenders. One simple online application.
$1,000
Varies by lender
Varies by lender
Be employed, have a bank account in your name and income of at least $1,000 per month.
CashAdvance.com Payday Loans
Whether for emergencies or unexpected expenses, this broker may be able to match you among its nationwide network of lenders.
$999
Up to 12 months
1–2 days
You must be at least 18 years old with take-home monthly income of at least $1,000 after taxes.

Compare up to 4 providers

Are there any fees to apply?

HonestLoans is a free matching service. It doesn’t collect any fees for your application or when it connects you with a lender. A few loan brokers work on commission or through a subscription service, but with HonestLoans, lenders pay to become a part of its network, meaning there’s no cost for you to find a loan.

How lender-matching services work

Is HonestLoans safe to use?

Yes. Its website is equipped with a state-of-the-art 256-bit SSL encryption system that protects your data as you complete your application.

Is there anything I need to do before applying?

  • Confirm your lender is legitimate. HonestLoans may not go through each of its lenders to check for above-board practices. It’s up to you to confirm that the lender you’re matched with is safe and secure.
  • Make sure you can afford it. Installment and payday loans are notorious for sky high interest rates. Before taking out this type of loan, make sure you can afford the high payments that come along with it.
  • Check your eligibility. While HonestLoans doesn’t necessarily require that its applicants have the best credit, it does want to make sure you have the ability to repay. Check the eligibility requirements below to avoid getting caught short during the application process.

What do I need to apply with HonestLoans?

To ensure a quick, easy process, confirm that you both qualify and have the information you’ll need on hand to complete the application.

To qualify, you must:

  • Be at least 18 years old (or the age of majority in your state).
  • Be US citizen or permanent resident.
  • Have an operational checking account.
  • Prove your income of at least $800 monthly.
  • Not reside in any of the following states: Arkansas, Arizona, Georgia, Oregon, Virginia, West Virginia or New York.

Required information

  • Your name, address, email and phone number.
  • Your date of birth, Social Security number and details from a valid form of ID.
  • Your employer’s name, address and phone number.
  • Details about your income.

How do I apply?

To be matched with a lender in HonestLoans’s network:

1. Go to HonestLoans and click Start Here.

HonestLoans.net Apply Step 1

2. Enter your name, the last four digits of your Social Security number, your birth year and your ZIP code. Then click Continue.

HonestLoans.net Apply Step 2

3. Indicate how much you’re looking to borrow, entering all required information. Then submit your application.

You’ll be matched with lenders willing to take you on as a borrower. Once you’ve selected a loan, carefully review and accept the terms and rates offered by the lender.

Bottom line

If you want the option of choosing from among more than one loan offer, HonestLoans could be worth looking in to. It could match you to a short-term lender, despite your credit and financial situation.

But as with any type of loan, choosing a provider is a big decision. Make sure you take the time to shop around and compare your options before agreeing to any terms.

Are short-term loans available in my state?

Have any more questions about HonestLoans?

Yes. To make an informed decision, you’ll want to know at least three things about short-term loans in general:

  1. You should generally take out a short-term loan only in financial emergencies. This type of loan is typically a one-time solution that could exacerbate your hardship, if you’re not careful. If you have structural financial problems that cause you to have difficulty repaying debts, you might want to consider credit counseling.
  2. You’ll want to make sure that you can repay your short-term loan on time. Missing the due date on a repayment could result in stiff fees and penalties.
  3. Before accepting a short-term loan, carefully read the lender’s terms and conditions carefully so that you know exactly what you’re paying and when payments are due.
It depends on the individual lender. When reviewing your loan contract, be sure to ask whether your lenders charges extra fees or penalties for early repayment.
Ultimately, how long you’ll have to wait will depend on both your lender and your bank. But funds from short-term lenders are usually deposited into your bank account on the next business day.
It could. Not all lenders report to the big three credit bureaus, but some might choose to report late or missing payments. Reporting your payment is history is at the discretion of the lender.
The best solution is to inform your loan provider of your situation as soon as possible. In the end, a lender wants to be paid. You may find that your lender is willing to extend your payment deadline or find other ways to help you through a difficult financial time.
You are under no obligation to accept a loan if the terms don’t appeal to you.
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