Installment Loans

Repay Over Time, Not All at Once

What is an installment loan?

An installment loan allows you to pay a loan over a longer period of time than a traditional payday loan.3 Installment loans at ACE allow you to repay the loan in scheduled payments that are substantially equal in amount (last payment may vary slightly). At ACE, an installment loan can be repaid early, which may save you interest and CSO fees (where applicable).

Are installment loans available in my state? How much can I borrow?

Installment loans are available online or in-store in the states below.

Minimum and maximum loan amounts vary by state. If approved, the amount you may borrow will depend upon your income and standard underwriting criteria.

Online

California: $2,500 - $5,000

Delaware: $200 - $2,000

Missouri: $200 - $2,000

New Mexico: $200 - $2,000

Ohio: $200 - $2,000

Texas: $200 - $2,000

In-Store

Colorado: $100 - $500

Louisiana: $400 - $700

Missouri: $100 - $2,000

New Mexico: $100 - $2,000

Oklahoma: $50 - $700

Texas: $100 - $1,500

What do I need to apply for an installment loan?

  • You do not have to be employed, but you must have a steady source of recurring income payments to ensure you will be able to repay your loan.
  • You must reside in the state you choose for your loan application.
  • You must be at least 18 years old.
  • You must not currently be a debtor in a bankruptcy case or presently intend to voluntarily file for bankruptcy relief.
  • You must not be a regular or reserve member of the Army, Navy, Marine Corps, Air Force, or Coast Guard, serving on active duty under a call or order that does not specify a period of 30 days or fewer or a dependent of a member of the Armed Forces on active duty.

If applying online:

  • You must provide a valid Social Security Number or Individual Taxpayer Identification Number.
  • You must have a checking or savings account that has been open for at least one month.
  • You must be able to be contacted via phone if verification of application information is necessary.

If applying in-store:

  • You must bring a valid government issued photo ID. A Social Security Number is not required.
  • You must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

When will I receive my funds?

Online

If approved by 6:00 PM Central Time on Monday – Friday for weekday applications, and by 2:00 PM Central Time on Sunday for weekend applications, you will generally receive the money the next business day.1,2

For verification purposes, we may need to contact you by telephone before your loan is approved. Applications received on a weekend or holiday may be verified the next business day due to bank closures.

In-Store

If you are approved, you will immediately receive your approved loan amount in cash.1

When will the loan be due?

Installment loan payments will be due on consecutive pay periods. The number of payments and the term (length) of the loan will vary by pay frequency. You will be informed of the payment due dates and amounts if your loan is approved.

Colorado, Louisiana, and Oklahoma customers, please visit your store for information about number of payments and term (length) of the loan.

How and when can I pay back?

Online

While completing your application, you may choose to have a transfer of funds initiated from your bank account on the day the payment is due OR you may choose to send your payments through mail using a check or money order. Please note, you will be charged a higher fee if you choose to send your payments through mail.

Mailing Address (Excluding Ohio):

Installment Loans at ACE Cash Express
1231 Greenway Drive Suite 670
Irving, Texas 75038

If you are an Ohio customer, please refer to your loan documents for the mailing address.

If mailing in payment, please give at least 2-3 business days prior to your due date for the payment to arrive.

In-Store

You should pay each of your installments in the store where the loan was originated with cash on or before each due date.

You will not be penalized for making an early payment.

In New Mexico and Missouri, you can set up auto-pay to automate your payments.

What if I change my mind?

Every loan comes with a 72-hour satisfaction guarantee. So if you change your mind about your loan, just return the principal within 72 hours and pay nothing more.

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Requirements
Requirements
View our minimum requirements for being approved for a loan.
  1. All loans subject to approval pursuant to standard underwriting criteria. Rates and terms will vary depending upon the state where you reside. Loans should be used for short-term financial needs only, and not as a long-term solution. Customers with credit difficulties should seek credit counseling. Loans in California are made or arranged pursuant to Department of Business Oversight California Financing Law. Loans in Ohio arranged by FSH Credit Services LLC d/b/a ACE Cash Express, CS.900100.000, and made by, and subject to the approval of, an unaffiliated third party lender. Loans in Texas arranged by ACE Credit Access LLC and made by, and subject to the approval of, an unaffiliated third party lender.
  2. Loan funding requires verification of application information. Depending on ability to verify this information, loan funding may be extended up to two days. All loans subject to approval pursuant to standard underwriting criteria. In-store cash pickup is subject to approval pursuant to standard underwriting criteria. In-store cash pickup not available in all states.
  3. Installment loans are intended for customers who need more time to pay off their loan than provided by a single-payment payday loan. Individual payment amounts for an installment loan are smaller when compared to the single-payment payday loan for the same loan amount. The total sum of payments for an installment loan will be higher than a single-payment payday loan if you pay off the installment loan according to the payment schedule set forth in the associated loan agreement.
Our credit decision on your application may be based in whole or in part on information obtained from a national database including, but not limited to, TransUnion, Equifax, LexisNexis or FactorTrust, Inc.