Installment loans
Repaid over multiple payments rather than one lump sum. These are much easier to manage due to the flexible repayment structure.
Rates and Terms
Cash Loans Bear helps you find payday and installment loans in multiple states. Check the rates and terms in your state below.
Your state
How Loan Pricing Works
Short-term loans come with several cost components that may not be immediately clear. To help you better understand these terms, here’s a plain-language breakdown of what you’ll see in your loan agreement:
It’s the sum you receive once your loan is approved and deposited directly into your account. It does not include fees or interest, as those are added to the total repayment amount.
That’s the flat fee charged for a loan. It depends on how much you borrow and for how long. For example, if you borrow $300 and the finance charge is $45, you repay $345 total.
It shows the cost of your loan as a yearly percentage rate. It’s a standardized number required by law, helping borrowers compare loan products side by side.
It’s the full amount you owe at the end of the loan term. It includes your original loan amount plus the finance charge, and should be repaid by a due date.
Your loan agreement will include a specific date by which you must repay the loan. It may be either one date if it’s a payday loan, or several if you take out an installment loan.
If you are late on a payment or your bank declines a transaction, a fee will apply. The exact amount depends on your state’s regulations and lender.
In most cases, you can repay your loan early at any time without a prepayment penalty. It may help reduce the total interest or fees you owe in states with daily accrual.
When you take out a loan, you authorize the lender to initiate debits from your bank account on your scheduled payment dates. Contact your lender to see if there are any alternatives if you don’t want that.
What to Know Before You Apply
For short-term gaps only
Short-term loans are designed for urgent needs. You should not use them for regular bills or discretionary spending.
Borrow only what you need
Don’t borrow more than the emergency requires. Make sure the repayment amount fits comfortably within your monthly budget.
Approval depends on eligibility
Not every applicant qualifies. Approval decisions are based on income, credit history, and other factors, which vary by lender and state.
Read your agreement
Double-check all the rates, terms, and costs before you sign anything to avoid any unpleasant surprises.
Alternatives to Payday Loans
While they may seem like the simplest way to get money fast, payday loans are still rather expensive.<br> Here are some other options you may consider so you don’t overpay:
Payment extensions from service providers
Some utility companies, landlords, and medical billing offices can push a payment back if you reach out directly. Contact them and ask.
Credit union products
Credit unions’ Payday Alternative Loans (PALs) have lower fees and longer repayment windows.
Family or friend support
Borrowing from someone you know costs nothing extra. It can feel awkward to ask, but it’s often the most affordable option.
Nonprofit credit counseling
Organizations like the NFCC offer free or low-cost financial counseling and can help you figure out your options without increasing your debt.
If You Have Trouble Repaying
If you’re having a hard time making a payment on time, get in touch with us before the due date. The sooner you reach out, the more we can do.
Depending on the state regulations and lender, several options may be available:
- Due date extension: Move your payment date back by a few days if you need a little extra time.
- Extended payment plan: Split your remaining balance into smaller payments over a longer period.
- Promise to pay: Agree on a future payment date if you’re temporarily unable to pay.
Keep in mind that missed payments may result in penalties, including late fees and overdraft or NSF fees, and could damage your credit report. We’d rather find a solution together.
How to Request a Repayment Plan
1
Contact support
Reach out by phone, by email, or by visit one of our locations as soon as you know you’ll need help.
2
Review available options
A team member will walk you through what’s available in your state and will help you choose the best one.
3
Confirm the new schedule
Once you’ve agreed on a plan, sign the new schedule and make sure a copy is emailed to you.
Borrower Rights and Important Disclosures
State availability
Loan products, rates, and terms vary by state and may not be available in all locations. We operate only in states where we are licensed or authorized to offer loans. State-specific terms will be presented during the application process and outlined in the agreement.
Licensing and Disclosures
Loan providers are legally required to be licensed in the states they operate in and must disclose all rates, fees, and terms before you sign anything, not after.
Privacy policy
We take your data seriously. You can read our full Privacy Policy to understand how your information is collected, used, and protected. You also have the right to limit certain types of data sharing. To do so, see our opt-out options.
Consumer Rights Summary
As a borrower, you have the right to fair treatment and clear information at every step. Under applicable laws, including the Equal Credit Opportunity Act (ECOA), lenders may not discriminate based on race, color, religion, national origin, sex, marital status, age, or source of income. You also have the right to receive clear information about loan terms and, if applicable, the reason for a declined application.
How to Verify a Legitimate Lender
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Any lender promising 100% or instant approval before looking at your application is a red flag.
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Credible companies do not charge any fees before sending your funds.
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Check if the lender is licensed to operate in your state and on what terms.
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A real lender must have a real phone number you can call, an email address, and a physical address you can stop by.
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Look for “https://” and a padlock icon in the browser bar, and go through the privacy policy to see how your data is collected, stored, and shared.
No guaranteed approval
Any lender promising 100% or instant approval before looking at your application is a red flag.
No upfront fees
Credible companies do not charge any fees before sending your funds.
Licensed in your state
Check if the lender is licensed to operate in your state and on what terms.
Clear contact information
A real lender must have a real phone number you can call, an email address, and a physical address you can stop by.
Secure website
Look for “https://” and a padlock icon in the browser bar, and go through the privacy policy to see how your data is collected, stored, and shared.
FAQ
With a payday loan, you may borrow as little as $100 and up to $1,000. If you’re looking for a larger amount, an installment loan may offer up to $5,000. Actual loan amounts depend on your state of residence and eligibility.
In most cases, approved applicants receive funds on the next business day, or sometimes on the same day, but only if approved before 10 a.m. Timing depends on when you apply and your bank’s cutoff times.
We do run a soft credit check and review your banking history as part of the application process while assessing your ability to repay the loan. Unlike a hard inquiry, a soft check has no impact on your credit score.
In most cases, lenders allow early repayment with no fees. However, it’s better to check your loan agreement as terms may vary.
A missed payment may result in late fees and could damage your credit score if the lender reports it to the credit bureaus. If you think you might have trouble making a payment, contact us before the due date, and we’ll find a solution.
Contact our support team by phone, by email, or by visit our store for in-person assistance. We’ll review what’s available in your state and help you set up a schedule that works best.
Use the state selector at the top of this page to look for your state or contact our support team for more details.