$400 Installment Loan | Bad Credit | Direct Lenders

When money is tight you can get a $400 installment loan online. You will receive fast notification if you have been approved. Even people with poor credit can get approved.

Use our easy application and you may receive an installment loan offer from a direct lender if you are approved. Our $400 unsecured loans are a good way to get cash fast. There is never a good time to need money. If you could use a small loan to cover some bills we may be able to help you out.

$400 Personal Loan


$400 Loan By Next Business Day

An installment loan is designed to help people with short term money needs. No collateral required on theses signature loans. Please use short term credit responsibly. The payment may also be taken from the same account when it is due. Must be 18 or older. Different states have different laws regarding these loans.

What Can I Buy with a $400 Loan?

A small loan may not cover a lot of bills or even a big bill but if you are up against a deadline and have a few smaller bills, a quick four hundred dollars may be a gift from above. If your plumbing got backed up then you should be able to get a plumber to your house and get the issue fixed for $400 or less. 

Maybe your kid had an accident and needs stitches right away. You could make the doctors appointment and then get money sent direct to your account before you receive the doctors bill.

Or possibly your refrigerator quit in the middle of the night and now your food is about to spoil. A refrigerator is something we all kind of take for granted until it stops working. Then you realize how much you use it and rely on that appliance.

What is the Difference from a $400 Payday Loan?

$400 payday loans are usually setup so you have to pay them off on your next payday. Some of them can be renewed or refinanced for an extended period of time for additional interest. An installment loan allows you multiple months to repay the loan and your payment schedule is set so you never need to wonder if your payment is going to change or if you will have a new due date. You know exactly when your payments are due, when the loan will be paid off and how much it is going to cost.

Related: $1800 Loans with Monthly Payments

Tell Me More About $400 Personal Loans

Unlike home loans, student loans, and auto loans that have fixed purposes, a personal loan can be used in any way that the borrower needs.

Personal loans can be obtained from a bank, credit agency, or private lender. Online private lenders have started gaining popularity in recent years.

Personal loans are usually short-term loans with payback periods ranging from two months to 12 months. Loan amounts can be as little as $50 going all the way to over $2000. 

How and Where Do You Typically Get A Personal Loan?

A personal installment loan can be got against collateral – secured loan, or based on your signature – unsecured loan.

To apply for a personal loan against collateral you need to have something of value like a house/property or a car to offer as collateral before applying for the loan. Interest rates for personal loans against collateral are lower but the risks are high for the borrower. If you default on paying back the loan, the lending agency can claim your asset to prevent losses.

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It is more common for a personal loan to be unsecured. However, as the risks to the lender are higher, interests rate are also correspondingly higher.

If your credit score is too low you will most likely not be approved for a personal loan or will need to pay a higher interest rate.

$400 Loan with Direct Deposit

Get a $400.00 loan with direct deposit to your account. When you apply for a personal loan you should first work on bringing up your credit rating. With a good credit rating you can get pre-qualified for a loan. To get pre-qualified you will be required to furnish all the documentation the lending agency asks for. The lending agency might conduct a soft credit check before pre-qualifying you for the loan.

Once you have been pre-qualified you can look at your various loan options and choose the best one. Look at criteria like the approved loan amount, payment options, interest rates, duration of the loan, etc. when choosing a personal loan.

When you have chosen your best personal loan option the lending agency will require identification like passport or driver’s license, address verification, and proof of income. The loan amount will be paid to you in a lump-sum following which you will start to pay it back in installments. 

If you do not pre-qualify for a personal loan you can improve your chances by:

  • Bringing your credit score up.
  • Offering collateral.
  • Bringing in a co-signer who has a good credit rating.

What are the Advantages of a $400 Installment Loan?

A personal loan has several advantages over other types of loans, these include:

  1. You can apply for a small amount of cash.
  2. You can use the loan for whatever purpose you need including paying off debt, consolidating other loan payments, medical expenses not covered by insurance, etc.
  3. Payment options are usually fixed so that you know the exact amount you need to pay every month.
  4. The better your credit rating the lower the interest you pay on the loan.

Things to Remember About Short Term Credit

  • Read the fine print of all loan offers before choosing a personal loan.
  • Calculate the ARP (annual percentage rate), of your different loan options to find out what your expenses will be in the long run. Knowing the long-term expenses can help you choose the most economical option for you.
  • Make sure that you will be able to pay back your loan before you apply for it.

Whatever loan option you find be sure to do your due diligence and look at other options as well. Just because you get approved for a loan does not mean it is your best option. Good luck and good financial health.

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Disclaimer: You must be 18 and resident of the United States to apply. WireLend is not a lender and makes no guarantees you will be approved for a loan or for a certain dollar amount. All contracts are between you and the lender that funds your loan.