What Is An Installment Loan? Get All Your Questions Answered!

If you’ve been considering getting an online loan, try an installment loan. Qualifying for an installment loan can be a great way to pay for a car, home, or even pay a portion of a college degree. The loan amount of a typical installment loan ranges from $150 to several thousand dollars. Principal (the amount borrowed) and interest are repaid in fixed monthly installments—typically over one to six months or even a couple of years. Our lenders offer a helpful list of scheduled payments to keep you on track. As noted by many lending institutions and financial newsletters, some installment loan lenders are much better than others -- and we strive to be the best. We offer a short, easy application and can offer you an instant quote. We connect you to over 50 lenders and help get you the terms, conditions, and options that you desire. Fill out our simple application and you are well on your way to taking control of your finances by getting an installment loan that works for you.

3 Installment Loan Facts You Need To Know

There’s another, fast-growing category of small, short-term loans that are safer for the average American. Installment loans are great for businesses and individuals who lack the cash to purchase a big-ticket item or service. Time magazine has assessed that installment loans are often a better option for low-income borrowers because an installment loan is much less likely to leave the borrowers in deep, long-term debt. The TIME Magazine article also touches on another amazing features of installment loans, like the fact that on-time payments are reported to the credit bureau and can effectively improve a borrower’s credit score! Differing Installment loans can last for many months and payments are evenly spread out over the term of the loan. In addition, our installment loans are available to people with bad credit, making them a great solution if you’re feeling like you don’t have many financial options.

How To Get An Installment Loan

It can’t be any easier to get an installment loan through our website. You don’t even have to leave the house and you could have thousands in your bank account in the same day as your loan approval! Our installment loan application takes less than five minutes to complete and it’s as easy as 1-2-3 to qualify. AS long as you’re a US Citizen, who is 18 or older, with a job and a bank account, you could get an instant approval for one of our many attractive installment loans. We won’t send any embarrassing faxes to your employer, or ask you to spend hours digging through old paperwork to find tax documents from years and years ago – just get online using any computer, tablet, or even your smartphone and enjoy the ease of getting a loan without having to get up off the couch. Our secure website is the safest way to get cash fast online without worrying about your security and privacy, and the best part is that you can avoid waiting in that long, boring bank line!

What Is An Installment Loan? Get All Your Questions Answered! By Heather Wilson - 6/6/17