A 500 dollar loan with monthly payments is an instant credit, which is repaid within one month. The exact credit period varies and depends on the state where the loan was taken. However, the average credit period lasts 31 days. Lenders realize that there could be difficulties that need to be solved by the loan; therefore, a client must not provide a credit report for the loan. Moreover, clients with bad credit history may apply for the loan as well – their inquiry will be processed like the rest of them. The only requirement is a confirmation of repayment – an upcoming paycheck or any other sort of income. 500$ is an agreeable sum issued in most of the United States, which is granted easily. The interest rate of the loan is flexible and depends on the state’s monetary policy.