60 Month Loans Review
Last updated July 2026 · Educational overview, not an endorsement
Relief Guardian is not a lender and does not recommend one lender over another. This page presents factual, publicly available information to help you evaluate 60 Month Loans against other options before borrowing.
Company Overview
60 Month Loans offers online personal installment loans with repayment terms of up to five years, aimed at borrowers seeking a longer-term repayment schedule than typical short-term emergency loans.
60 Month Loans At A Glance
| Product type | Unsecured personal installment loans |
|---|---|
| Loan amounts | $2,600 to $10,000 |
| Repayment term | Up to 60 months |
| How fast you get money | Decision typically in 1 to 2 business days |
| Credit check to see a rate | Rate check does not affect your score per the company |
| Credit score minimum | Not published |
| How to apply | Online only |
| Where it lends | Some states only |
Loan Products
- Unsecured personal installment loans
Typical Loan Amount
$2,600–$10,000
Loan Term
Up to 60 months (5 years)
Funding Timeline
60 Month Loans states it typically provides a decision within 1–2 business days after a fully online application.
Who 60 Month Loans May Fit
The draw here is the term. Five years of payments on a $5,000 loan is a much smaller monthly bill than the same amount over one year, which can be the difference between a payment you can make and one you cannot.
The minimum size is higher than most lenders in this guide, starting at $2,600. If you need less than that, this is not the right place to look.
The Long Term Trade Off
A longer term lowers the payment and raises the total interest. Interest is charged for as long as you owe, so the same rate over five years costs far more than over two.
The company states there is no prepayment penalty. That is the way to get the best of both: take the long term for the low required payment, then pay extra whenever you can to shorten it.
What It Costs You
Run the numbers in a loan calculator before you accept. Compare the total of payments over 60 months against a shorter term and against a credit union quote, then decide with real figures in front of you.
If the plan is to consolidate credit cards, make sure you stop adding to the cards afterward. Otherwise you end up with the loan and the balances.
Before You Borrow From 60 Month Loans
- Use a loan calculator to see the total cost over the full 60 months.
- Take the low payment, then pay extra when you can.
- Confirm in writing that there is no prepayment penalty.
- If you are consolidating, plan to stop using the cards you pay off.
- Compare against a credit union loan quote first.
Credit Review Process
60 Month Loans states that checking your rate does not affect your credit score, and that it considers factors beyond a traditional credit score.
Soft Inquiry
Hard Inquiry
Alt. Underwriting
Income Check
State Availability
Availability varies by state. Check 60 Month Loans' website to confirm current availability where you live.
Potential Benefits
- Longer repayment term (up to 5 years) than many short-term emergency lenders, which can lower monthly payments
- No prepayment penalty, per the company's disclosures
- Fully online application with no collateral required
Potential Considerations
- A longer term can mean paying more in total interest over the life of the loan, even with a lower monthly payment
- APR can still be significantly higher than a traditional bank or credit union loan
- Not available in every state
Frequently Asked Questions
How long do I have to repay a 60 Month Loans loan?
As the name suggests, 60 Month Loans offers repayment terms of up to 60 months (5 years), longer than many short-term emergency lenders.
Is there a penalty for paying off my loan early?
60 Month Loans states there is no prepayment penalty, so paying off the loan ahead of schedule can reduce total interest paid.
Is a longer term better?
It lowers the monthly payment but raises the total interest. It is better only if the shorter payment would not fit your budget.
What is the smallest loan available?
Loans start around $2,600, so this lender is not a fit for small emergency amounts.
Can I use this to pay off credit cards?
You can, and one payment is simpler to manage. Compare the loan's rate and total cost against what the cards are costing you now.
Related Reading
Sources
- 60 Month Loans — official website, rates and terms(opens in a new tab)
- CFPB — Truth in Lending Act (Regulation Z), 12 CFR Part 1026(opens in a new tab)
- CFPB — Credit reports and scores(opens in a new tab)
- FTC — How to get out of debt(opens in a new tab)
Loan amounts, terms, and fees come from 60 Month Loans's own published rates and terms and change by state. Confirm current figures on the lender's site before you apply.
Learn More Directly From 60 Month Loans
Always review current rates, fees, and state availability on the lender's own website before applying.
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