Yes. Installment loans are a good example of a loan that might be used as a payday loan alternative. Just like payday loans, installment loans provide a one-time, small-dollar lump sum of cash. The difference is that installment loans are repaid over time through scheduled payments. Payday loans, on the other hand, must be repaid all at once, usually within a couple weeks. In addition, installment loans can offer larger funding amounts than payday loans. For borrowers looking for more funding repaid in smaller increments, installment loans might be a good alternative to payday loans.