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HonestLoans installment loans review

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HonestLoans Installment Loans
Finder score
Min. Amount
Max. Amount
Turnaround time
Same business day to 1 business days


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-connection services like HonestLoans could help you connect to multiple lenders at the best terms you're eligible for.

HonestLoans does not offer loans to residents of Arkansas, Arizona, Georgia, Oregon, Virginia, West Virginia or New York. If you live in one of these states check out our state directory to see loans available near you.

In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question


Product details

Product Name HonestLoans Installment Loans
Min. Amount $400
Max. Amount $50,000
Loan Term Varies
Turnaround Time Same business day to 1 business days
Requirements 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.

What is HonestLoans?

HonestLoans is an online lender-connection 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, you could potentially receive an offer for an installment loan. If you’re approved, you’ll be 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 connected 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

Name Product Filter Values Loan amount Turnaround time Requirements
Finder Score: 4.7 / 5: ★★★★★
Up to $750 per pay period, but only $100 per day
1 to 3 business days or instant for a fee
Direct deposit sent to a checking account, a regular pay schedule, a fixed work location or an online timekeeping system at work
No mandatory fees, no interest and no credit checks. Subject to EarnIn terms & conditions.
LendYou Short-term Loans
Finder Score: 2.5 / 5: ★★★★★
LendYou Short-term Loans
Up to $1,000 for payday loans and up to $5,000 for installment loans
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.
Finder Score: 4.1 / 5: ★★★★★
Up to $250
3 to 4 days standard transfer. Same day with $3.99 to $9.99 express fee.
Not stated
Automatically monitor your spending plus access cash advances up to $100 at a time.
Not rated yet
Based on the amount of accrued PTO
Up to 5 business days for approval and 5 business days for funding, or instant for a fee
18 years of age, W-2 employee, US citizen or permanent resident, employer must carry over PTO and payout upon termination
Tap your unused PTO for a cash advance so you can access that money early. Available in : CO, FL, IL, MA, NY, NJ, TX, VA, OR, AR, NE, TN, ME, CT, WV
Go to site
Dave ExtraCash
Finder Score: 4.2 / 5: ★★★★★
Dave ExtraCash
Up to $500
Up to 3 business days or instant for a fee
At least two direct deposit paychecks to your bank account from your employer, extra money in your bank account
Borrow up to $100 to avoid hefty overdraft fees.
Fast5kLoans Short-term Loans Connection Service
Finder Score: 0.2 / 5: ★★★★★
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.
Go to site
Fig Loans Installment Loans
$50 to $100, varies by state
As soon as the same business day
3 months of direct deposits, $1400 per month income, positive bank account balance
Get an affordable installment loan that comes with no fees, flexible terms and predictable monthly repayments.

Are there any fees to apply?

HonestLoans is a free loan connection 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.

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.

HonestLoans reviews and complaints

HonesttLoans doesn’t have any online reviews. This is common for online short-term lenders. It’s not necessarily good or bad. But this makes it more difficult to know what kind of experience to expect with this provider.

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 connected 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.
Go to's site

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 connected with a lender in HonestLoans’s network:
1. Go to HonestLoans and click Start Here.
Honest Loans webpage screenshot
2. Enter your name, the last four digits of your Social Security number, your birth year and your ZIP code. Then click Continue.
Honest Loans webpage screenshot
3. Indicate how much you’re looking to borrow, entering all required information. Then submit your application.
You’ll be connected 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.

Go to's site

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 connect 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?

Short-term loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze short-term loan providers and similar services to help you weed out predatory lenders and find a company you can trust. We rate providers on a scale of one to five stars. Our ratings are based on factors that are most important to you, which include: loan amount, application process, fees, customer reviews and borrower experience.
Read the full methodology of how we rate short-term loan providers and similar services.

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