You may be able to get an installment loan online from us for up to $5,000 in Arizona, Georgia, and North Carolina, and up to $2,500 in Virginia, the maximum allowed by Virginia law.
An installment loan lets you borrow a set amount of money and repay it through scheduled payments over time.
You receive the full loan amount after you sign, then make regular payments, usually monthly, until the loan is paid off. With Superb Cash Advance, repayment terms may be available for up to 24 months.
Installment loans generally let you borrow more and repay over a longer period than payday loans. The amount you qualify for depends on your regular income, how consistent it is, and how much you can comfortably afford to repay.
Payday loans are not allowed in these four states. In our other states, we offer cash advances instead.
What Can You Use an Installment Loan For?
An installment loan may be useful when you need extra money for a larger or unexpected expense, such as:
- Medical bills
- Car repairs
- Home repairs
- Emergency travel
- Moving costs
- Rent or utility payments
Key Takeaways
- Up to $5,000, or $2,500 in Virginia, based on your income and what you can comfortably repay.
- Compare the total you will repay, not only the monthly payment.
- Apply online and sign early in the day.
What Does the Law Allow in Your State?
Each state sets its own limits on installment loan amounts and rates. In Arizona, Georgia, and North Carolina, state law allows lenders to offer more than our $5,000 maximum.
If you need a higher amount and your state allows it, another licensed lender may be able to offer more than we do. Compare your state’s legal loan limits with the maximum amount we offer.
| State | State Law Allows | We Offer Up To |
|---|---|---|
| Arizona, payday loans ended in 2010 | Up to $10,000. Rate cap: 36% a year on the first $3,000, 24% on the part above | $5,000 |
| Georgia, payday loans ended in 2004 | No state cap on the loan amount. Up to 16% APR on loans up to $3,000 | $5,000 |
| North Carolina, payday loans ended in 2001 | Up to $25,000, repaid over 12 to 96 months | $5,000 |
| Virginia, payday loans replaced in 2021 by a regulated short-term loan | Up to $2,500 at 36% a year, plus a monthly fee up to $25 | $2,500 |
Disclaimer: These are state limits and our own maximums, not an offer.
How Do You Repay an Installment Loan?
You repay an installment loan through scheduled payments, usually once a month. Each payment includes part of the money you borrowed plus interest.
For example, if you borrow $2,000 for 12 months, your loan agreement will show your monthly payment, each due date, and the total amount you will repay before you sign.
Here is how that loan could be repaid at an interest rate of 36% a year, the most Arizona law allows on a loan of this size.
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $200.92 | $140.92 | $60.00 | $1,859.08 |
| 2 | $200.92 | $145.15 | $55.77 | $1,713.93 |
| 3 | $200.92 | $149.50 | $51.42 | $1,564.43 |
| … | … | … | … | … |
| 11 | $200.92 | $189.38 | $11.54 | $195.12 |
| 12 | $200.97 | $195.12 | $5.85 | $0.00 |
| Total | $2,411.09 | $2,000.00 | $411.09 | $0.00 |
Disclaimer: This is an example, not an offer, and fees are not included. Your rate depends on your state.
With a fixed-payment loan, you usually pay the same amount each month, often through an automatic withdrawal from your bank account on the due date.
When comparing your options, look at the total amount you will repay, not just the monthly payment. A longer term can lower your monthly payment but may increase the total interest you pay.
What Is Required to Apply?
To apply, you need:
- Personal info: a valid government photo ID, a Social Security Number or ITIN, and proof of address
- Age and state: at least 18 and living in Arizona, Georgia, North Carolina, or Virginia
- Steady income: from a job, benefits, retirement, or self-employment you can verify
- Banking details: an active checking or savings account, or an eligible prepaid card
- Contact info: a working phone number and email address
How Do You Apply for an Installment Loan Online?
- Apply online in minutes. Fill in a short form from your phone or computer.
- Get your decision and review your estimate. If you pre-qualify, you’ll receive a free, no-obligation loan estimate. Take a moment with your estimate, compare it to your other options, and move forward only if the repayment fits comfortably in your budget.
- Sign and get your funds. Read your loan agreement and call us with any questions before you sign. Sign before 11:30 AM ET for a chance at same business day funds.* Later signings are generally funded the next business day.* Check how soon your money can arrive in your time zone.
You can also apply at one of our locations, where our team can answer your questions.
Frequently Asked Questions
Can You Pay Off an Installment Loan Early?
Yes. In Arizona and Georgia, you can pay off an installment loan early with no prepayment penalty.
In North Carolina and Virginia, early repayment is typically allowed without a penalty, but exceptions may apply.
What Happens If You Miss a Payment?
If you miss a payment, you still owe the balance and may face late fees or collection activity. If you think you may be late, call us before the due date.
Your rights depend on your state. For example, North Carolina generally does not allow wage garnishment for most consumer debts, while Virginia requires notice before certain collection actions.
Check your state page for the rules that apply to you: Arizona, Georgia, North Carolina, or Virginia.
Is There a Credit Check for an Installment Loan?
Yes. Seeing if you pre-qualify uses only a soft credit inquiry, so it does not affect your credit score.
If your loan is approved, a hard credit inquiry may be completed, and national databases such as TransUnion, Equifax, LexisNexis, or FactorTrust may be checked before you sign and before your loan is funded. We let you know before this check is done.
Will an Installment Loan Build Your Credit?
No. We do not report on-time payments to Equifax, Experian, or TransUnion, so an installment loan from us will not build your credit.
If a loan goes unpaid and is sent to a collection agency, the agency can report it, and a collection account can stay on your credit report for up to 7 years.
Can You Get an Installment Loan With Bad Credit?
Yes. Bad credit does not automatically rule you out for an installment loan with us.
Approval depends mainly on your ability to repay the loan from your regular income, not just your credit score, so the payment fits your budget. Even with limited credit, you are welcome to apply.
