Long Term Installment Loans No Credit Check: Online Approval

If a “long term installment loans no credit check” loan offer is what you need, you are in the right place. Long term installment loans are perfect for expensive purchases for personal or business needs.

The payments are smaller which makes the purchase possible, when making larger payments would be impossible.

The easiest way to apply for long term loans is to apply online once and have hundreds of lenders fight to offer you a loan. Your credit score will not be harmed by applying for a loan. The lenders will use a “soft pull” of your credit history that does not affect your credit score. More about that later.

There is no risk and your information is safely encrypted.

Also, there is no obligation to take any loan that is offered.

There are loans available for people with bad credit – apply here.

Wife and husband applying online for a long-term installment loan to consolidate credit card debt.
Consolidating credit card debt is a common type of long-term installment loan.

Long Term Installment Loans No Credit Check. Really?

Many websites provide an easy way to apply for loans online with “no credit check”, but is that really true? Not quite, so let me explain.

This really means that the lender uses an alternative credit reporting company to do a “soft pull” credit check. A soft pull credit check does not get reported to the three credit bureaus: Equifax, Experian and TransUnion.

The end result is that your credit score is not impacted by a “hard pull” credit report from Equifax, Experian or TransUnion. So, those credit bureaus don’t know about that “soft pull”. Which means that no credit check ever happened.

Of course, Equifax, Experian and TransUnion know these other reporting agencies exist, but they don’t care what the “soft pull” companies do.

Have you ever received a “pre-approved” credit card or loan offer in the mail or by email? That offer was made after the lender used a “soft pull” credit report to determine if you qualify for the loan they are offering. Having done so, did not impact your credit score. No harm, no foul.

Also, with a larger loan amount, or longer-term loan, the more likely that a “hard pull” credit check will be required. Why? Lenders don’t want to lose money, and their risk level increases with larger, longer-term loans. So, they feel more confident to lend when they have a Equifax, Experian and TransUnion FICO credit report.

New red car obtained with a long-term installment loan through EasyInstallmentLoansOnline.com
Vehicle loans are typical long-term installment loans.

Finally, when you accept a pre-approved loan offer, that is when the lender does a full loan review. Which requires a “hard pull” credit check from the credit bureaus.

Fact Check: Long-Term Installment Loans No Credit Check

Industry terms such as for “long term installment loans no credit check” can be misleading. A “soft pull” credit check is ALWAYS required. Why?

  • Lenders use the “soft pull” credit check to validate your identity, employment, income level, existing loans and debts. Lenders don’t want to be scammed out of their money. So, they insist on verifying the information put on the loan application form.
  • A really bad credit history can prevent a borrower from getting even the most expensive loans. Generally speaking, a person with a 550 credit score or higher will be offered a loan. However, that will be at the highest interest rate.
  • Credit scores and credit histories are used to help determine the loan’s interest rate. The people with “poor” or “fair” credit scores will pay more in interest than those with “good”, “very good” or “excellent” credit. The lowest interest rates are reserved for 800-850 credit scores.
  • When you accept a loan offer, the lender will then do a “hard pull” credit check from Equifax, Experian or TransUnion. There is no way to get around this. The “soft pull” was to prequalify you for the loan. The “hard pull” is only done when you formally apply for the loan by accepting the loan offer. This will show up on your credit history.

Personal Loans For People With Bad Credit Histories >> Go Here Now

What Are Long Term Installment Loans?

There is no definitive definition for: Long Term Installment Loans. However, any loan for five years (60 months) or more would be accurate. Each monthly payment is known as an “installment” payment. Also, the borrower gets all of the loan money at one lump sum when the loan is accepted.

What Are the Benefits of Large Installment Loans?

  • Best for large loan amounts, because the monthly payments are low.
  • Lower interest rates result in lower payments and lower overall cost.
  • The same payment amounts every month. Which makes it easier to plan ahead for other expenses.
  • Typically, installment loan payments are reported to the credit unions. So, when you make payments as agreed to, your credit score will improve.
  • Businesses can grow more profitable. Equipment loans are only one of the many types of business loans available – even with bad credit.
Red backhoe is starting to excavate in a wooded area.
Buy business equipment with easy payments with a long-term loan.

Business Installment Loans Are Available >> Click Here

What Are the Cons of Large Installment Loans?

  • They usually require a “hard pull” credit check, which will affect your credit score.
  • A higher credit score is needed unless collateral is provided, such as a car loan.
  • Because of the longer repayment period the borrower could actually pay more overall interest. That is in comparison to a shorter-term loan at a higher interest rate.
  • Except for home mortgages or student loans, long-term loans are not usually more than seven years (84 months) long.

Common Examples of Long-Term Loans

  • Home mortgages and home equity loans
  • Car, truck, and large boat loans
  • RVs and travel trailers
  • Home improvement loans
  • Student loans
  • Consolidation loans
  • Business start-up loans
  • Business equipment purchase
Woman graduating from college.
Student loans and refinancing student loans

Long Term Installment Loans for Bad Credit  

Getting long term installment loans for bad credit borrowers can be more difficult without some form of collateral. Car loans and business equipment loans are good examples of collateral secured loans. Stocks and bonds in a retirement account could also be used as collateral.

Also, a co-signer on the loan can make a loan possible.

Having little debt and a high-income level can overcome a bad credit history. This is particularly true for a business with a large monthly cash flow.

Applying for Installment Loans Online

Honestly, online loan applications are as easy as it gets.

Lenders just want to know that you can make the payments and that you will make the payments. So, the documents needed will be about your income.

Long-term loans for bad credit borrowers will probably require a few more documents than people with good credit.

Online loan applications are basically the same as in person applications. So, that means providing your name, address, and social security number. Relax, all that information is encrypted and is safe.

Next, the lender needs to know about your income and where it comes from. Pensions, social security income, and other retirement plans are safe and secure sources of income. Which means less risk to the lender, and lower interest rates for you.

If you are self-employed or work gigs, that is riskier for the lenders and will require more documents. In that case the lender will want to know about where you spend your income.

Such as how much is your mortgage payment or rent payment. Also, the amount of credit card debt or other loans and the payment amounts.

These loans take a bit longer to approve than short-term installment loans. However, many loans are approved the same day, and the money is put into your bank account on the next business day.


Taking out a long-term installment loan can be the best way to deal with a sudden need for more money.

Getting a “long term installment loans no credit check” loan offer is easy and free. Do it now and see what is possible. There is no obligation to take any loan offer that may come your way. If you don’t like a loan offer and its terms, don’t take it. Simple as that.

Back to the Home Page

Business Installment Loans Online Pay Off Debt Buy Equipment