Short-Term 3-Month Loans for Quick Cash

How to Apply for a 3-Month Installment Loan with Ready Payday Loan

Step 1 – Fill Out the Online Application

Use our online form at Ready Payday Loans to select the amount you want to borrow and the loan term. It only takes a few minutes. The form asks for personal information, such as your name, address, date of birth, income, employment details, and bank account information to process the loan.

Step 2 – Get an Immediate Decision

You’ll instantly see an offer and approval on your screen. You’ll also have access to various loan options, such as personal, title, and bad credit loans. The next step is to review and sign the loan agreement online.

Step 3 – Receive Your Loan

After completing the final checks, we’ll transfer your 90-day loan to your bank account within an hour or by the end of the day. Success!

Ways to Borrow Money for Rent

If you need financial assistance to cover your rent, here are some options to consider with Ready Payday Loans:

• Cash Advances – Get a short-term loan to cover rent immediately, with repayment spread over several weeks or months. You don’t need collateral.
• Personal Loans – Borrow unsecured funds for rent and other expenses. You can borrow between $50 and $35,000, with interest rates starting at 6% for good credit or up to 36% for bad credit. No collateral is required.
• Payday Loans – Access fast cash with funding available within 1 to 24 hours. This option suits those with fair or bad credit, but expect high APRs (200%–400%) and short repayment terms (typically 2 to 4 weeks).
• Installment Loans – Repay in fixed monthly installments over a longer period, ranging from 1 to 60 months. Bad credit options are available.

Short-Term 3-Month Loans: What You Should Know

Advantages

Flexible Repayment – With a short-term 3-month loan, you can spread repayments over weeks or months. Unlike payday loans, which often require full repayment by your next payday, this option gives you up to 90 days. It is especially helpful during household or personal emergencies.

More Flexibility – Payday loans typically last 2 to 4 weeks, making it difficult to repay everything at once. A 3-month loan provides a longer repayment period, with the option to pay off the loan earlier if you’re financially ready.

Early Repayment – If you need the loan for a shorter period, such as 6 weeks or 2 months, you can pay it off early by contacting your lender or accessing your online account. This saves you interest, as you’ll accrue less overall. Just be sure to review the terms for any potential early repayment fees, though these are rarely charged.

Borrow Larger Amounts – While payday loans may limit how much you can borrow, a 3-month installment loan allows you to borrow more (up to $5,000), which is ideal for emergencies or significant personal expenses. The extended repayment period makes larger loans easier to manage.

Fixed Repayments – Managing a 3-month loan becomes more convenient as you can break repayments into equal monthly installments on a date you choose. This helps you stay organized and on track with your payments.

Disadvantages

Higher Costs – A Short-Term 3-Month Loan will accrue more interest because it remains open longer. While borrowing for a longer period may seem appealing, it’s important to borrow for only as long as necessary to avoid paying unnecessary interest.

Avoid Taking Additional Loans – Don’t take out another loan while repaying a 3-month loan. If new emergencies arise, borrowing additional funds can pile up debt, making it harder to manage your finances.

Missed Payments Can Hurt Your Credit and Lead to Fees – Missing payments can negatively affect your credit score, hindering your ability to secure affordable loans in the future. Additionally, you may incur late fees, penalties, and extra interest if you miss any payments.

Different Types of Short-Term 3-Month Loans

Personal Loans: Unsecured loans are ideal for personal purchases and expenses. With good credit, you may qualify for interest rates as low as 8% APR. For individuals with bad or poor credit, rates may increase to approximately 36% APR. Your income and creditworthiness will determine the amount you can borrow, which may be up to $50,000.

Payday Loans: Payday loans provide quick, short-term assistance to help you until your next payday. You can borrow amounts between $100 and $2,000, with repayment terms up to 90 days. Same-day payday loans are available but may come with higher interest rates, especially for those with poor credit..

Installment Loans: With these loans, you can repay over a 3-month period with fixed, equal monthly payments, making budgeting easier. As an unsecured loan, no collateral is needed. If needed, you can extend the repayment period to 6, 12, or even 60 months.

Title Loans: If you own your car outright or are paying it off, title loans allow you to borrow up to 50% of your car’s value. These loans can last for 3 months or longer, but the car serves as collateral. Failure to repay the loan may result in the seizure of your car.

Eligibility Requirements for a 3-Month Loan:

• Must be 18 years or older
  
• Employed full-time or part-time with a stable income
  
• Possess a Social Security Number (SSN)
  
• A permanent resident of the US or Canada
  
• Able to make regular monthly repayments
  
• Good, fair, and bad credit are all considered
  
• No recent bankruptcy on your record

What is the cost of taking out a 3-month loan?

Borrow $1,000 to be repaid over 3 months, with a total interest of $259.79. This brings your total repayment amount to $1,259.79, based on a 150% APR (for fair to poor credit).

A 3-month loan lets you spread the repayment over 90 days, offering more flexibility and easier management compared to a payday loan. You can also repay early, helping you save on total interest.

How are the repayments structured?

Repayment Structure for 3-Month Payday Loans

Repayments for 3-month payday loans are usually spread out in equal monthly payments, making it easier to plan your budget. You can select the specific day for your repayment, with many borrowers choosing the day they get paid to ensure sufficient funds in their account, or the following day to allow time for processing.

Payment Collection Method

Lenders collect payments through ACH authorization, which verifies your checking account during the application process. This lets the lender automatically deduct payments each month, so you don’t need to call, visit the bank, or make manual payments – everything happens automatically.

Early Repayment Option

You can also repay the loan early at any time. Whether you need the loan for 30 or 60 days, you can contact the lender or log into your account to pay it off in full.

Can I get a 3-month loan with bad credit?

Loan Options for Individuals with Poor Credit

We offer a variety of loan options for individuals seeking 3-month loans, even if they have poor or no credit scores.

Flexible Approval for Bad Credit Applicants

Payday lenders tend to be more flexible with applicants who have bad credit or who may have missed occasional payments on previous financial products. As long as you have a reliable income, stable employment, and a clear intention to repay the loan on time, you can still get approved.

Additional Loan Options for Very Poor Credit

For those with very poor credit, we provide additional options such as title loans, where you use your car as collateral, or co-signer loans, where someone guarantees the repayment on your behalf.

Do you provide 3-month or 90-day loans with no credit checks?

Most lenders in the U.S. carry out a credit check to determine eligibility and check for missed payments from previous loans. However, Ready Payday Loan offers some no credit check options, including title loans, secured loans, and co-signer loans. Just be aware that missing a payment could result in losing your collateral.

How do I apply for a loan with Ready Payday Loan?

We offer a seamless online process for applying for a 3-month payday loan or a 90-day installment loan. Simply fill out our form with your details, including how much you’d like to borrow and the loan duration. The entire process takes less than 3 minutes and requires your name, date of birth, address, income, expenses, employment status, and banking information.

After you submit the information, we’ll provide instant approval along with a competitive loan offer. If you choose to move forward, you’ll receive the full loan terms and can electronically sign the agreement via an email link and SMS pin. After a few final checks, we’ll approve your loan, and you can receive the funds in your bank account within 1 hour, 24 hours, or even on the same day.

FAQ

Are There Any Fees for Applying?

No, applying through Ready Payday Loan is completely free. We do not charge any upfront fees for loan requests. You can explore and compare offers from a network of trusted lenders to find the best option for your financial needs. As a broker, we may receive a commission from the lender if your application is approved and funded, but this does not affect the cost of your loan.

Will Applying Through Ready Payday Loan Affect My Credit Score?

Submitting a loan request with Ready Payday Loan does not negatively impact your credit score. While some lenders may run a credit check as part of the approval process, this is typically a soft inquiry, which won’t lower your score.

However, once a loan is taken out, failing to make repayments on time can harm your credit. On the other hand, consistent on-time payments can help improve your credit score by building a positive borrowing history.

How Are Loan Repayments Handled?

Loan repayments are usually made monthly and are automatically withdrawn from your bank account on a date you choose with your lender. You’ll receive reminders ahead of time so you’re never caught off guard and can stay on top of your repayment schedule.

How Quickly Will I Receive the Funds?

In many cases, funds can be transferred to your account on the same day of approval — sometimes within just a few hours. Standard processing time, however, is typically by the next working day, depending on your bank and lender.

Can I Pay Off My Loan Early?

Yes, you’re free to repay your loan early if you’d like to. Most lenders working with Ready Payday Loan don’t charge any early repayment fees. Paying off your loan ahead of schedule can save you money since interest is only charged for the days the loan is active. So if your financial situation improves, early repayment is a smart option.