A $500 loan you pay off on time.
See what a $500 installment loan costs each month at different terms — enough to cover a small, urgent bill. Checking your rate is a soft pull, so it won't affect your score.
Illustrative at 119% APR. A longer term lowers the monthly payment but raises total cost. Actual terms come from the lender.
Request $500What a $500 loan costs.
| Term | Example APR | Monthly payment | Total repaid | Cost of credit |
|---|---|---|---|---|
| 6 months | 119% | $133 | $798 | $298 |
| 9 months | 119% | $105 | $946 | $446 |
| 12 months | 119% | $91 | $1,095 | $595 |
| 18 months | 119% | $77 | $1,392 | $892 |
| 24 months | 119% | $70 | $1,690 | $1,190 |
Who qualifies for a $500 installment loan?
Most lenders in our network look for four basics:
- You're 18 or older and a U.S. resident.
- You have a steady source of income.
- You hold an active checking account for the deposit and payments.
- The $500 payment fits your monthly budget.
A $500 request is judged against the income that covers the payment. So the real question isn't just approval — it's affordability.
Borrowers with fair or even poor credit may still receive offers, usually at a higher APR.
Key takeaways
- A $500 loan at 119% APR runs about $133/mo over 6 months.
- Shorter terms cost less overall; longer terms lower the monthly payment.
- Lenders weigh income and ability to repay, not credit score alone.
- Checking your rate is a soft inquiry — no score impact.
Borrow only what fits
Every extra dollar carries interest, so size the loan to the actual need. If $500 is more than you need, a smaller amount costs less; if it's not enough, compare a larger amount before you commit. See the full range on our amounts hub, and learn how installment loans work.
Request $500 today.
See your estimated payment in a minute — no credit impact to check.