An installment loan allows you to pay a loan over a longer period of time than a traditional payday loan.1 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).
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.
California: $2,500 - $5,000
Delaware: $200 - $2,000
Missouri: $200 - $2,000
New Mexico: $200 - $2,000
Ohio: $100 - $1,000
Texas: $200 - $2,000
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.2,3
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.
If you are approved, you will immediately receive your approved loan amount in cash.2
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.
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 may be charged a higher fee if you choose to send your payments through mail. You also have the option to pay in-store or online.
Mailing Address:Installment Loans at ACE Cash Express
If mailing in payment, please give at least 2-3 business days prior to your due date for the payment to arrive.
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 Ohio, New Mexico and Missouri, you can set up auto-pay to automate your payments.
Loans at ACE come 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.
In Ohio, you have until 5 PM CT on the third business day after receiving your funds to cancel your loan. For example, if you take out a loan on Monday, you have until 5 PM CT on Thursday to cancel your loan.
1. 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.
2. 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 Texas arranged by ACE Credit Access LLC and made by, and subject to the approval of, an unaffiliated third party lender. ACE Cash Express, Inc., 1231 Greenway Drive, Suite 600, Irving, Texas, 75038, ST.760164.000
3. 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.
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.