Rates & costs
Every number, in one place
Personal installment loans through our lender network. Review the lender's final terms before accepting any offer.
Before you borrow
Loans available through our network are typically offered in amounts ranging from $1,000 to $5,000, depending on eligibility. Short-term or small-dollar loans are not intended to be long-term financial solutions and should be used responsibly.
See an example for your amount
Pick an amount to see an illustrative monthly payment and total repayment.
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Amounts and term
What you can borrow, and for how long
Amount rules
- Personal installment loans: $1,000 – $5,000.
- The amount a lender offers may be lower than you ask for, especially on a first loan.
- The lender applies its underwriting criteria to every request.
Term and schedule
- Term: 61 days to 72 months.
- Examples use monthly payments.
- Your payment schedule, including the number, amount and dates of payments, is set by the lender and disclosed before you accept any loan offer.
APR
The rate, stated once per product
APRs typically range from 5.99% – 35.99%. Lower or higher rates may be offered.
Compare loan options
Personal installment loans
- Amount
- $1,000 – $5,000
- Term
- 61 days to 72 months
- APR
- 5.99% – 35.99%
- Best for
- Applicants seeking personal installment loans through our lender network
APRs are approximate. Lower or higher rates may be offered depending on the lender, product and applicant. The lender shows your actual APR and total cost before you accept an offer.
Fees
What is charged, and by whom
| Fee | Amount | Detail |
|---|---|---|
| Origination fee | Lender-set | Any origination fee is set by the lender and shown in your loan agreement. |
| Late fee | May apply | Any late payment fee is set by the lender and shown in your loan agreement. |
| NSF / returned item fee | May apply | Any returned-payment or non-sufficient funds fee is set by the lender and shown in your loan agreement. |
| Prepayment penalty | See agreement | Whether you can repay early, and whether any fee applies, is set by the lender and shown in your loan agreement. |
| CashLantern fee | $0 | CashLantern does not charge users any fees and does not add interest or finance charges to any loan. |
Payment schedules
Illustrative monthly payments
| Loan Amount | Estimated Term | Example APR | Estimated Monthly Payment | Estimated Total Repayment |
|---|---|---|---|---|
| $1,500 | 18 months | ~17.99% | ~$96 | ~$1,728 |
| $3,500 | 36 months | ~13.25% | ~$118 | ~$4,248 |
These scenarios assume closed-end installment loans and are presented solely for educational and comparison purposes. Actual APRs, fees, repayment schedules, and total loan costs are determined by the lender and will be disclosed before you accept any loan offer.
Funding
When the money arrives
Loan applications submitted through this website are reviewed directly by participating lenders. Approval decisions are made solely by the lender. If approved, some lenders may transmit funds as soon as the same business day; however, actual funding times depend on lender processing and the policies of your financial institution.
If a payment fails
Late and returned payments
What can be charged
Any late payment fee is set by the lender and shown in your loan agreement.
Any returned-payment or non-sufficient funds fee is set by the lender and shown in your loan agreement.
By accepting a loan offer, you agree to repay the loan according to the schedule and terms established by the lender. Late payments, missed payments, or failure to repay the loan in full may result in additional fees, penalties, or other consequences as described in the lender's agreement. CashLantern does not have visibility into individual lender fee structures and cannot estimate the charges that may apply in the event of late or non-payment. Borrowers should review lender policies carefully before accepting a loan.
What to do
Borrowers with questions regarding payment schedules, servicing, or collections should contact the lender directly using the information provided in their loan documents.
Cost control
How to lower what this costs you
Pay it off early
Whether you can repay early, and whether any fee applies, is set by the lender and shown in your loan agreement.
Make extra payments
Ask your lender how extra payments are applied under your loan agreement.
Borrow only what you need
Review the total repayment and borrow only an amount you can repay according to the agreement.
Licensing
The lender's license and terms
CashLantern is a referral service and is not a lender. Loans are made by independent participating lenders, and each lender's licensing and rate information is published by that lender.
Loans are made by an independent participating lender, not by CashLantern.
Review the terms. Decide from there.
You are under no obligation to accept a lender's offer.
No fee to submit. No obligation.