The smallest loan Possible Finance writes, and a friendlier alternative to payday lending, repaid in fixed installments you can plan around. It never rolls over, and the fee is decided once rather than every time a due date passes.
Pick an amount and a term. Nothing accrues in between, so the figure you see is the figure you repay.
An estimate for illustration only. Your exact fee, term and APR are confirmed before you accept, and they vary by state. Checking your rate is free and won’t affect your credit score.
Both cover a shortfall quickly. What separates them is what happens after — whether the cost stops, and whether the loan ends.
This is still short-term credit and it still costs money. If the need is immediate rather than planned, emergency loans sets out the timing. If you are already repaying other debt you are struggling with, free nonprofit credit counselling is a better first call — see responsible lending.
The Starter Loan is for a gap you can name and close inside a year, not for ongoing shortfalls.
Utilities, a co-pay, a registration renewal — the sort of amount that is awkward rather than enormous, but still lands before payday.
Tyres, a battery, a failed inspection. Small enough to clear quickly, and expensive to postpone if it stops you getting to work.
If lenders keep saying they cannot find enough history on you, a small loan repaid on schedule gives them something to read. See how that works.
We look at your income and banking activity rather than a credit score, so the bar is deliberately low.
Same flat-fee structure across all three. The difference is the size and how long you have.
| Starter Loan | Installment Loan | Plus Loan | |
|---|---|---|---|
| Amount | $200 – $1,000 | $1,000 – $3,500 | $3,500 – $5,000 |
| Terms | 6 or 12 months | 6, 12 or 18 months | Up to 24 months |
| Example | $500 over 6 mo | $2,000 over 12 mo | $5,000 over 24 mo |
| Monthly | $90.63 | $195.83 | $281.25 |
| Flat fee | $43.75 | $350.00 | $1,750.00 |
| Total repaid | $543.75 | $2,350.00 | $6,750.00 |
| Representative APR | 29.4% | 30.9% | 30.7% |
Not sure which fits? The full calculator covers the whole $200 to $5,000 range in one place.
A payday loan is usually due in full on your next payday and can be rolled over for another fee. A Starter Loan is repaid in equal monthly installments, carries one flat fee that never grows, and never rolls over. Our guide to payday loan alternatives goes into more detail.
Between $200 and $1,000. What you are offered depends on your income and banking activity rather than a FICO score, and the ceiling varies by state. For more, see the Installment Loan.
No. A rate check reads your income and banking activity rather than pulling a hard FICO inquiry, so nothing is recorded on your file. Only the loan itself, once opened, is reported.
We report on-time payments to the major credit bureaus, so a small loan repaid on schedule can put positive history on a thin file. Late or missed payments may lower your score, so only borrow what you can comfortably repay.
Move the due date in the app before it lands and there is no late fee. On a balance this size a single shifted date usually settles it; if something larger has gone wrong, contact us before the date rather than after.