An installment loan is a type of credit where you borrow a fixed amount and repay it in regular monthly payments over a set term. Unlike revolving credit, you know your payment schedule upfront — no surprises.

Got Lending offers credit solutions from $500 up to $5,000. The amount you qualify for depends on your state of residence, income, and creditworthiness. Checking your initial eligibility uses a soft inquiry and does not affect your credit score. A hard inquiry is only performed if you formally accept a loan offer.

Our representative APR is 34.99% — which is our maximum. Many customers qualify for lower rates based on their credit profile. There are no prepayment penalties; you can pay off your loan early and save on interest.

Most applications receive a decision within minutes. Once approved and the loan agreement is signed, funds are typically deposited into your bank account by the next business day, subject to bank processing times and approval.

To apply you need to be at least 18 years old, a U.S. resident, have a valid bank account, and a steady source of income. A hard credit inquiry is performed upon final application.

Checking your initial eligibility uses a soft inquiry and does not impact your score. A hard inquiry is only performed when you formally accept and submit your final loan application. All applicants are subject to credit review.

The minimum repayment term for all Got Lending installment loans is 61 days. Most loans have terms ranging from 6 to 24 months for manageable monthly payments.

Never. You can pay off your loan in full at any time without any penalty. Paying early actually saves you money on interest charges.