How it Works

What is an online installment loan?

An installment loan is a specific amount of money you borrow and then pay back, split up into equal payments within a certain time frame.

With Explore Credit our super simple online process gets you a decision in just minutes and your funds in as little as two business days.

How it Works

What is an online installment loan?

An installment loan is a specific amount of money you borrow and then pay back, split up into equal payments within a certain time frame.

With Explore Credit our super simple online process gets you a decision in just minutes and your funds in as little as two business days.

FAQs

You asked. We answered.

Explore Credit provides instalment loans for your financial needs. We offer a transparent and secure way to quickly apply and get a decision for much-needed short-term loans through our online application portal.

Explore Credit only allows one installment loan per household at this time.

To apply for a short term installment loan with Explore Credit, you will need your social security number, permanent address, driver’s license, current employment information, and a bank account.

Using our online portal, simply log in to your Explore Credit account, review the loan agreement, and then provide your first and last name along with the last four digits of your social security number.

Your Explore Credit online loan process is conducted on our own secure servers. We utilize industry-standard security protocols to ensure your information is completely confidential. For more information, please refer to our Explore Credit Privacy Policy.

You will need to have a checking account that accepts ACH transfers. Unfortunately, prepaid debit cards and savings accounts cannot be used.

You can view Explore Credit’s Privacy Policy here.

We will never penalize you for paying off your loan early. That means we’ll never charge you a fee for making extra payments on your Explore Credit loan. EVER.

Yes, it’s cheaper to pay off your loan early because you’ll save money on the amount of interest you pay. The faster you pay off your loan, the more money you’ll save on your loan payments.

You can make extra payments or pay it off in one lump sum. It’s totally up to you!

There are clear benefits of paying off your loan early. First, you save money as you pay less interest, and second, you’ll be one step closer to getting out of debt.

Rewards & Perks

Our Explore Credit Loyalty Points Program is a great
way for you to get money deposited directly into
your bank account.

Here’s how it works:

  • No sign-up required. Open to all current customers.
  • For every successful scheduled payment you make on a bi-
    weekly or semi-monthly basis to repay your loan, you will
    earn 500 points.
  • Customers who make successful scheduled payments
    every week earn 250 points.
  • Once you reach 2,000 points, you get $50 deposited into
    your bank account!