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LAST UPDATED: March 14th, 2023

As a newer lender, InstaLoan is a fast loan resource for those living in Florida and Georgia, with multiple branch locations that consumers can visit when needed. InstaLoan offers a quick loan application process for those looking to get a 1st lien loan, signature loan, or personal loan. The company advertises that customers are able to receive funds ranging from $250 to $2,000 in about 30 minutes. It is important to note that each loan option offers different minimum and maximum loan amounts.
Potential borrowers interested in doing business with InstaLoan can quickly and easily apply online and manage accounts and balance on the InstaLoan mobile app, making personal loan management simple and manageable on the go.

InstaLoan has mostly positive reviews that highlight exceptional customer service and a quick loan application process. To read more about the customer experience, check out InstaLoan reviews below and see how it compares against other lenders. 

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The Good

  • Credit Requirements
  • Funding Time
  • Mobile App
  • Locations
  • Qualifications Documents
  • InstaLoan Reviews

Credit Requirements

InstaLoan has a very liberal credit policy that allows the company to provide customers with a loan whether they have good, very poor, or no credit at all. This allows them to provide all three of its loans (1st lien loan, signature loan, and personal loan) to anyone who is in need of a loan. However, if you are looking for a low interest rate on a loan, managing your credit score is very importsnt. Generally, borrowers will receive the lowest rates and most agreeable terms if they have a good to excellent credit score. But, for those with bad credit, InstaLoan's flexible credit policy may allow them to be approved for a loan when they may not with other lenders.

Funding Time

In comparison to other lenders, being able to receive funds in 30 minutes is impressive. Therefore, if you are looking for an instant loan that will be approved quickly, InstaLoan may be a good option. For approval, InstaLoan asks for a government-issued ID, a checking account, and pay stubs or bank statement; they may also ask for a clean car title. InstaLoan offers three main loans with varying amounts:

  • 1st Lien Loan: $500 to $2,500
  • Personal Loans: $500 to $2,000
  • Signature Loans: up to $250

With three loan offerings, InstaLoan can meet various consumer needs. However, if you are looking for a larger loan amount, you will have to look elsewhere, as InstaLoan loans do not exceed $2,500.

Mobile App

For a relatively small company focused in Florida and Georgia, it is unique and noteworthy that InstaLoan offers a mobile app. With the InstaLoan app, borrowers can manage their accounts and check balances, in addition to the ability to make loan payments at any time. The loan boasts ease of usability and is available on both iOS and Android.


InstaLoan has several available locations for customers to come receive their loans in Florida and Georgia. Along with having a large number of physical locations, InstaLoan also offers online options for those who live too far from one of its locations. However, doing business with InstaLoan will likely be easier and more convenient if you live in either Florida or Georgia and have access to a branch location if needed.

Qualification Documents

Although InstaLoan has limited information on its website, the company is transparent about what documents customers need when applying for a loan. On its website, InstaLoan lists each required document for each loan option:

  • 1st Lien Loan: A car with a clear or lien-free car title, a valid government-issued ID, proof of residence, and proof of income.
  • Personal Loan: A valid government-issued ID, proof of residence, a pay stub or bank statement, and either be up-to-date on your car payments or have the car title of a paid-off car. 
  • Signature Loan: A valid government-issued ID, a checking account, proof of residence, and a pay stub or bank statement.

InstaLoan Reviews

The majority of InstaLoan's reviews are positive, giving the business a high customer rating. Complaints are limited and reviews highlight quality customer service, a quick loan application process, and satisfactory rates. Positive reviews are a good indicator that a company is trustworthy and creates beneficial customer experiences.

Many lenders, online lenders specifically, often have poor reviews for lack of quality service and competitive rates, but InstaLoan proves that this isn't the case with its business. 


The Bad

  • Lack of Transparency
  • Only Servicing Georgia and Florida

Lack of Transparency

Even though InstaLoan has multiple great services, there are a few areas of concern. InstaLoan does not reveal the interest rates for its loans or the term length. When trying to make the best-educated decisions, term length and interest rates are important factors and could potentially turn away customers that are looking for transparency. These factors will be based upon the information that you provide the company, but it is difficult to know what to except when you apply, as these rates and terms are not outlined up front.

Only Servicing Georgia and Florida

InstaLoan is only available in two states, which causes its market to be quite small in comparison to other personal loan companies. Consumers looking to borrow loan funds that are outside of this service area will have to look into other financial options. 


The Bottom Line

InstaLoan is a quick option for those who are looking to receive a loan as soon as possible, especially if a customer has a low or no credit score. InstaLoan also has mostly positive reviews, giving peace of mind that the customer experience is typically a positive one. Based on these positive reviews, we can recommend this company, but it is always important to assess your financial needs.

However, InstaLoan's lack of transparency on annual percentage rates and term lengths is concerning for potential customers. Since there is a wide range of personal loan businesses, better options are available for those who have a little more time to shop around or have a better credit score.

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Tim S Jacksonville, FL

The folks that work at the local store are very helpful and friendly. The corporate office seems to change the requirements at a moments notice. I asked if they would make a hard hit on my credit report an I was told no. Then I went to pull my annual report an they had made a hard credit hit on my report every month that I had a loan with them. So much for helping my credit score.

5 years ago