Fixed payments. Clear payoff date. No collateral required. Apply online in about five minutes and receive funds as soon as the same day.
Apply for a Personal LoanA personal installment loan is one of the most straightforward ways to borrow money. You receive a fixed amount — between $200 and $5,000 — and repay it through a set schedule of equal payments over an agreed term. Unlike a credit card, there is no revolving balance and no temptation to keep borrowing. Unlike a payday loan, you are not expected to repay everything in two weeks. Every payment you make brings you closer to a zero balance, and you always know the exact date when the loan will be fully paid off.
At Patria Lending, personal installment loans are unsecured, meaning you do not need to put up your car, home, or any other asset as collateral. Your rate and terms are determined by your income, creditworthiness, and other factors — all disclosed upfront in your loan agreement before you sign. If you're in a position to pay off your balance early, you can do so at any time with no prepayment penalty, which reduces the total interest you'll owe.
The application is entirely online. There are no branch visits, no paper forms to mail, and no fax machines involved. Most applicants complete the process in about five minutes from a phone, tablet, or computer. Once approved and after you've reviewed and signed your loan agreement, funds can be deposited to your debit card within minutes or to your bank account via ACH by the next business day.
From application to funding — four steps, entirely online.
Complete our short application with your personal, employment, and banking information. It takes about five minutes on any device — phone, tablet, or computer.
Your application goes through our underwriting process. We evaluate your income, credit profile, and ability to repay. Your initial rate check uses only a soft inquiry — no impact to your credit score.
If approved, you receive a loan agreement with full disclosure of your APR, payment amount, schedule, total cost, and all fees. Review everything carefully, then e-sign when you're ready.
Choose your funding method: debit card deposit (funds in minutes) or ACH bank transfer (same day or next business day). A 24-hour rescission period lets you return the full amount at no cost.
Understanding how different borrowing options compare helps you make the right choice for your situation.
| Feature | Personal Installment Loan | Payday Loan | Credit Card |
|---|---|---|---|
| Repayment structure | Fixed installments over months | Lump sum in 2–4 weeks | Revolving minimum payments |
| Collateral required | None | None | None |
| Payoff date | Clear and defined | Next payday | No defined end date |
| Risk of debt cycle | Lower | High | Moderate |
| Credit building | Possible with on-time payments | Typically not reported | Depends on issuer |
| Funding speed | Same day to next business day | Same day | Instant (if approved) |
Common questions about personal installment loans from Patria Lending.