installment loans
Pick an amount up to $500^
Decide how much you want to borrow.
Get your funds instantly*
Instant transfers are free.
Pay it back over time
Break it up over the next 4 paychecks.¨
Possible's Real Cost Calculator
Your state
You borrow
$200
In Alabama it's $20 for every $100 that I borrow.
WithPay Over Time, I can pay $240 back over eight weeks.
Week 2
$60
Week 4
$60
Week 6
$60
Week 8
$60
The information provided by the Real Cost calculator is for informational purposes only and does not constitute an offer. Loan terms are subject to eligibility. Loan costs are rounded up to estimate these approximate payments. Loan costs vary by state.
Ready to get started?Enter your info in theapp to see if you qualify.
Possible Loan vs. Payday Loans
Comparison
Typical payday loan
Access
Borrow up to $500^
Access up to $500
Repayment
Repay in 4 installments¨ over 8 weeks
Repay in 1 settlement on payday
Speed
Free instant* transfers
Visit in person or make an ACH transfer
Pricing
Upfront pricing with no penalty fees or rollovers
Penalty fees and rollovers
Credit Reporting
Builds credit history by reporting to two bureaus, TransUnion and Experian
Does not build credit history
Access
Bad or no credit OK
Bad or no credit OK
A better way to borrow
A loan that’s built for your finances and builds credit history
No FICO check
Your income, cash flow and money habits count towards the results of your application and are part of how we make lending decisions.
Know when to apply
Link your bank account and we'll let you know the best time to submit your application.
Take the time you need to pay off your loan
You can Pay Over Time in installments, and move payments up to 29 days out from the original due date—there’s no rescheduling fee. This benefit is available to all members, no matter what.
Never pay late fees
Zero penalty fees. No surprises. Ever.
Build credit history
Unlike payday loans, your payments are reported to credit bureaus
Get real-time alerts
Know instantly when you’re approved, get reminders when payment dates are coming up and more.
Get the most money Possible
Even if you don’t qualify for the full amount you request, we’ll get you the highest amount we can.
Add extra payment methods
Pay with your Chime card, extra debit card, Grandma’s Visa gift card—the choice is yours.
Here’s a tip on how to get the best chance of approval
When you apply, make sure you can show us some consistent paycheck deposits. We’ll review your income, transactions and cash flow when you apply.
Relief Plan
Get even more time to pay if the unthinkable happens
If you’re experiencing financial hardship due to a qualifying event like a medical expense, we can support you with even more time to pay on top of our 29-day rescheduling period.
Join over a million customers
I really appreciate just how easy they make it. I feel a lot freer to not only do what I want, but also take care of my needs.
Gloria
Member Since 2021
Unexpected expenses can hit. It can turn into a spiral. That's just a part of being a mom. That's when Possible helps the most.
Keianna
Member Since 2023
What drew me to Possible was how upfront and easy it was. There was no mystery as to what the interest rates were.
Austen
Member Since 2019
Credit is a journey. I'm learning about it to be financially fit. I would describe Possible as a great tool to help in a need.
Gena
Member Since 2022
Frequently asked questions
What is Possible Loan?
A Possible Loan is a small-dollar installment loan designed to provide quick* access to cash, often within seconds, while helping build credit history. Unlike payday loans, which often require lump-sum repayment (source: CFPB), Possible Loans are repaid in four¨ scheduled installments. Eligibility is based on your banking activity rather than a FICO check. Payments are reported to credit bureaus, and you can reschedule each payment up to 29 days from the originally scheduled date with no rescheduling fee.
How much does a Possible Loan cost?
The cost of a Possible Loan varies by state and loan amount. In many states, fees range from $10–$25 per $100 borrowed. Some states, including Florida, Hawaii, Indiana, Iowa, Louisiana, Michigan, Ohio, Oklahoma, Oregon, and Texas, have variable fees—check the Possible app or Sample Payment Schedules for details. Repayment is in installments, and you can reschedule payments up to 29 days from the originally scheduled date with no late fees.
How long does it take to apply and get a decision?
Most customers complete the Possible Loan application in a few minutes through the mobile app. After you sign up, enter your information, and link your bank account, Possible evaluates your eligibility without a FICO check. Many applicants receive a decision in minutes. You can apply at any time directly in the Possible app.
When will I get the money?
If approved, most customers who choose debit card disbursement receive funds within minutes. Timing may vary by bank or debit card provider. If you select ACH transfer to your bank account instead, it can take longer—up to 5 business days for a small percentage of customers. Make sure your bank account is active and correctly linked in the Possible app.
What payment methods can I use?
Payments are typically made automatically from your linked bank account. You may also be able to submit manual payments in the Possible app using your debit card or bank account information. Payments are scheduled in installments, and you can reschedule each one up to 29 days from the originally scheduled date with no rescheduling fee. You can review and update your payment method in the Possible app.
What benefits are available for which members?
All Possible Loan customers receive standard benefits, including installment-based repayment, the ability to reschedule each payment up to 29 days from the originally scheduled date with no rescheduling fee, and payment reporting to credit bureaus. On-time payments may help build credit history over time.