Installment loans are a common form of financing offered by banks, lending institutions, direct lenders, and online lenders. We recommend online lenders as they offer guaranteed installment loans for bad credit with lower fees and interest rates than other types of lenders. They also provide online installment loans instant approval, which offers the ultimate convenience. So if you are looking for bad credit installment loans, simply complete an online form, and then a few hours later, the money will hit your bank account.