Borrower relaxing at home after setting up a fixed-payment loan

Crane Finance installment loans: small, fixed, predictable

The original Crane Finance product: $100 to $1,500 from the lender itself, repaid in equal payments on your pay dates until it's gone. No balloon, no roll-over, no collateral. Here's exactly how one works from signature to payoff.

Check my options What it costs

Amount$100 – $1,500First loans from $100; approved amount set by application

PaymentsFixed · each pay dateWeekly, bi-weekly, semi-monthly or monthly

First payment≥ 5 days outNext pay date at least 5 days after signing

FundingNext business daySame-day for $5 by 6 PM CT

APRIn your agreementReported 300–700%+ · no origination fee

CollateralNoneUnsecured; your income is the security

Anatomy of the loan

What a $600, six-payment loan looks like

Every payment is the same size, but what's inside it changes. Early payments are mostly interest; by the last one almost all of it is principal. That's why paying extra early saves so much — and why stretching the schedule costs so much.

1Interest accrues daily on the balance. Fewer days outstanding = less interest. There's no prepayment penalty.
2The schedule is locked at signing. Number of payments × amount = total of payments, shown on the agreement.
3Change an amount with 2 business days' notice. Call 855-432-7654 or email [email protected].

Illustration uses an example APR; Crane Finance discloses the actual rate in your agreement. Run your own numbers →

Reading the fixed payment schedule in a Crane Finance agreement

Fixed means fixedSame amount, same day, until it's done.

Is it the right tool?

Who an installment loan fits

A good fit when

The expense is one-off and under $1,500 — car repair, a medical bill, a deposit
You can clear it in a few paychecks and you'd rather have fixed payments than a payday balloon
Bad or thin credit rules out a bank or credit union today
You've priced the cheaper options and they're not available in time

Not a fit when

You'd need to re-borrow next month — the APR makes repeat use very expensive
You want to build credit (Crane Finance doesn't report to bureaus)
A credit-union PAL (28% cap) or employer advance is reachable this week
The amount needed is over $1,500 — use the $200–$5,000 request instead

Common questions

Crane Finance installment loans — quick answers

How much can I borrow with a Crane Finance installment loan?

$100 to $1,500. The minimum initial loan is $100; the amount approved is based on the income and details in your application.

How long is a Crane Finance installment loan?

Crane Finance does not publish a fixed term. Payments are due on each of your pay dates and the number of payments is set in your agreement; borrower reports describe schedules of roughly 2 to 12 payments.

Is a Crane Finance installment loan a payday loan?

No. A payday loan is repaid in one lump sum on your next payday. A Crane Finance installment loan is repaid in several fixed payments on successive pay dates, with no roll-over.

Versus

Installment vs the other three short-term products

vs payday

Several payments, not one

A payday loan takes the whole amount plus fee from your next check. An installment loan spreads it over pay dates, so a single paycheck isn't wiped out — but you pay interest for longer.

vs line of credit

Fixed, then finished

A line of credit (Integra, Uprova) stays open and tempts repeat draws. Installment closes when the schedule ends. Crane vs Integra →

vs bank personal loan

Fast and expensive

A bank or credit union loan takes days and needs decent credit, at 8–36% APR. Crane Finance is next-day with no bureau check — at a reported 300–700%+.

Requirements90 days of income, 18+, checking account How payments workDue dates, early payoff, fees Second loan & VIPReapplying after you've paid one off

Sources: cranefinance.com (home, FAQ, rates-and-terms). Example schedule is illustrative at an example APR. Checked October 15, 2026.