What is a personal installment loan and how is it different from a payday loan?

A personal installment loan is a fixed-amount loan you repay in equal monthly payments over a set term. At Ardmore Finance, terms run from 6 to 20 months. Every payment covers both principal and interest, so your balance shrinks each month. A payday loan requires full repayment at your next paycheck, and if you cannot pay, most lenders roll the debt over with additional fees. We do not offer payday loans or title loans.

Do I need good credit to qualify?

Not necessarily. We run your credit to evaluate payment history, but credit history is not the only factor. Borrowers with past challenges, limited histories, or previous bank declines frequently qualify because we evaluate current income and repayment ability alongside credit history. Call (314) 231-6828 to discuss your situation before applying.

How long does approval take?

Most applicants receive a decision in 30 minutes or less. First-time borrowers visit our Olive Blvd office once to receive their funds. After that, future loans can be handled by phone with direct deposit.

Where is the Ardmore Finance Olive Blvd office?

We are at 8227 Olive Blvd, St. Louis, MO 63132. Hours are Monday through Friday 9 am to 5:30 pm and Saturday 8 am to 12 pm. Free customer parking is available on site.

Personal Installment Loan Provider in St. Louis, MO

Ardmore Finance is a personal installment loan provider serving the St. Louis, MO, metro area from our office on Olive Blvd. We have been serving borrowers here since 2000, and our approach has stayed the same from day one: sit down with you, explain every detail of the loan, and make sure the payments fit your monthly budget before you sign anything. Approvals take 30 minutes or less.

How Our Personal Installment Loans Work

Our loans are fully amortized with equal monthly payments of principal and interest. We do not make you repay the whole loan all at once, and we do not do interest-only payments either. Each payment you make shrinks the balance, and loan terms run from 6 to 20 months based on your income and credit history. You know your exact payment amount and payoff date before anything is finalized.

We are not a payday loan or title loan company. Payday products require full repayment at your next paycheck, which traps many borrowers into repeated borrowing cycles. Our installment loans give you a fixed end date and a monthly payment that does not change. There are no balloon payments, no rollovers, and no prepayment penalties. If you choose to pay ahead, any unearned interest will be refunded. All loan products are competitively priced at or below market rates.

What You Need to Apply

You will need a government-issued photo ID, proof of Missouri residency, documentation of income such as pay stubs or benefit statements, and an active checking or savings account. We run your credit to evaluate your payment history as part of the application process.

Most applicants receive a decision in 30 minutes or less. First-time borrowers complete one in-person visit to our Olive Blvd office to pick up their funds. For future loans, we offer direct deposit. All you need is an email address and a debit card attached to an account where we can deposit the funds.

Why Borrowers in St. Louis Choose Ardmore Finance

We believe in the value of the personal touch. Our team of professionals walks you through the lending process and makes sure you fully understand your loan terms and feel confident in your decision. A one-size-fits-all approach does not work when it comes to personal finances, and we set each loan based on what makes financial sense for the individual borrower.

Beyond installment loans, we also offer tax preparation services at our St. Louis office. Free customer parking is available.

Areas We Serve

Our Olive Blvd office serves borrowers across the St. Louis metro, including University City, Clayton, Maplewood, Richmond Heights, Brentwood, Overland, and Pagedale. For borrowers in South City, we also have a location on South Kingshighway. Borrowers in North County can visit our Florissant office. A full list of offices is on our Missouri locations page.

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Frequently Asked Questions

What is a personal installment loan and how is it different from a payday loan?
A personal installment loan is a fixed-amount loan you repay in equal monthly payments over a set term. At Ardmore Finance, terms run from 6 to 20 months. Every payment covers both principal and interest, so your balance shrinks each month. A payday loan requires full repayment at your next paycheck, and if you cannot pay, most lenders roll the debt over with additional fees. We do not offer payday loans or title loans.
Do I need good credit to qualify?
Not necessarily. We run your credit to evaluate payment history, but credit history is not the only factor. Borrowers with past challenges, limited histories, or previous bank declines frequently qualify because we evaluate current income and repayment ability alongside credit history. Call (314) 231-6828 to discuss your situation before applying.
How long does approval take?
Most applicants receive a decision in 30 minutes or less. First-time borrowers visit our Olive Blvd office once to receive their funds. After that, future loans can be handled by phone with direct deposit.
Where is the Ardmore Finance Olive Blvd office?
We are at 8227 Olive Blvd, St. Louis, MO 63132. Hours are Monday through Friday 9 am to 5:30 pm and Saturday 8 am to 12 pm. Free customer parking is available on site.