Frequently Asked Questions
Everything you need to know about online installment loans, eligibility, rates, and borrowing responsibly.
An installment loan is a personal loan repaid over time with a set number of scheduled payments (installments). Each payment typically includes principal and interest.
After submitting a request and receiving approval from a lender, funds are disbursed in a lump sum. You then make equal monthly or bi-weekly payments until the balance is paid in full.
Loan amounts typically range from $200 to $5,000, depending on state legislation, your income, credit profile, and participating lender limits.
APRs typically range from 5.99% to 35.99% depending on the lender, loan term, credit rating, and state regulations. All specific APR terms are presented by the lender prior to agreement execution.
Repayment terms generally range from 6 to 60 months, offering fixed monthly payments that align with your financial budget.
Submitting an initial request on our site may involve a soft credit check that does not impact your score. Participating lenders may perform a formal credit inquiry during underwriting.
No. Approval is never guaranteed. Participating lenders evaluate applications based on eligibility, credit rating, income, and state underwriting guidelines.
Our loan request connection service is completely free to consumers. Participating lenders may charge origination fees or late fees as disclosed in their loan agreements.
If approved and accepted, funds are typically deposited via ACH direct deposit as soon as the next business day, depending on bank processing times.
Missing a payment may result in late fees and negative reporting to credit bureaus. Contact your lender immediately if you foresee payment difficulties.
Availability varies due to state regulations and licensing limits. Our system automatically matches requests based on your state of residence.
We utilize 256-bit SSL encryption to safeguard your data. Your information is shared only with participating financial network partners to evaluate loan options.
Most network lenders allow early repayment without prepayment penalties, saving you interest over the life of the loan.
Always review the APR, loan principal, monthly payment amount, fee structure, repayment schedule, and prepayment clauses before signing.
Arrowhead Advance is an online loan matching service and financial information platform, not a direct lender.
Submitting a request does not guarantee approval or a loan offer. Terms, APRs, and fees are determined solely by participating providers.