Installment Loans

Installment Loan is a type of loan which is normally repaid over as long as a few months up to 30 years in a set of scheduled repayments, usually monthly.

Depending on your needs and the lender’s conditions you may apply for $1,000 - $5,000 cash advance. If you need more it can be done through an agreement with the lender or by choosing a Personal Loan, for example.

An Installment Loan is $1,000 - $5,000 dollar cash advance repaid over the term of a few months up to a few years in fixed equal repayments.

Getting an Installment Loan which you applied for online takes 1 business day on average and the funds will be deposited into your bank account. In-store lenders provide the funds the same day.

An Installment Loan is $1,000 - $5,000 dollar cash advance repaid over the term of a few months up to a few years in fixed equal repayments.

Any type of loan repaid in scheduled repayments may be considered Installment Loan. For example, $5,000 - $35,000 Personal Loans, mortgages, etc.

Installment Loans differ from Payday Loans both in sums and terms. Payday APR is higher while the repayment period is considerably shorter.

Installment Loans are different from Personal Loans only by the amount, having the same terms and other conditions.

The total cost of an Installment Loan depends on the amount of the principal and the APR. The Annual Percentage rate varies from 5.99% to 35.89% APR , plus 5% origination fee. For example, if you borrow $1,000 for 6 months at 10% interest rate, the repayment will be $1,055, where $50 is the interest and $5 – origination fee.

To calculate the total cost of an installment Loan you can simply se an online calculator. Or you can do it yourself. The principle is simple. Take the principal amount, add the interest (divide the APR by 12 months to find out the MPR, multiply it by the term of the loan) and add additional fees if there are any.

Most direct lenders don’t charge any additional fees except the interest and origination fee for doing all the paperwork. But you should check it out before signing a contract. Some companies may require non-sufficient funds fee, late payment fee, and others.

Usually there are no prepayment penalties. So, if you want to reduce the fees you can give the money back in advance. But better check these conditions in the agreement before signing.

The repayment period of Installment Loans ranges from 6 to 60 months. It’s one of the most convenient loans to pay off because the payments are fixed and egually arranged into small monthly sums. Besides there are no prepayment penalties. So if you want to reduce the fees you can give the money back in advance. But better check these conditions in the agreement before signing.

Eligibility criteria for an Installment Loan are rather simple. Independent lenders have their own individual requirements that must be met, but typical minimum requirements include, but may not be limited to:

·The USA residence

· Minimum regular income of $1,000 per month

· Valid checking or savings account with direct deposit

· Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)

· Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.

· If applying Online, you must provide a valid Social Security Number

· If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required

· If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

If you have bad credit score it doesn’t mean you can’t get approved for an Installment Loan. Most lenders will provide you the funds even if you are a subprime borrower. They make up for the risk by charging higher interest rates.

· You have an opportunity to apply for an Installment Loan both online and in-store.

· Fast and easy application process. It takes just 60 seconds to fill out an application form, which is instantly processed.

· Easy approval, even for the borrowers with bad or poor credit score. 80% of our clients get their money the next business day without doing any paperwork, faxing, doing credit reports, etc.

· Profitable interest rates and other conditions which are legally followed by all our partners. They are all fixed in the written agreement. You get its copy. Study it carefully before signing a contract.

· Convenience of solving your financial problems with one click sitting on a comfortable chair at home. Our 100% online service makes it possible to avoid looking for cash stores, driving, etc.

· Safety and confidence. You can be sure that all your personal information is protected. All our direct partners are verified as reliable and efficient.

· No influence on your credit score. There is usually no hard check of your credit history, no credit report requirement, so taking an Installment Loan won’t harm your score.

· Fully committed service. We work 24/7 and offer loans in all the states.

Installment Loan is a perfect choice for you if you have to pay for some unexpected expenses, medical bills, travelling or any other personal needs. Bad credit score doesn’t allow you get the funds from banks and you are not the member of a credit union. You need money fast and don’t want to do any paperwork, faxing and waiting. Apply for an Installment Loan online and solve your problems in one click.

Before applying for an Installment Loan, think if you’ll be able to repay it, reconsider your budget and plan the repayments carefully. Besides, you should choose the lender carefully and check out his terms and conditions attentively before signing the contract. Pay special attention to the fine print and any hidden fees.

All the process of taking an Installment Loan is very simple, safe and convenient. It consists of several steps and takes less than 24 hours from applying for a loan to getting it.

1. Choose the amount you need, compare all the direct partners offering this kind of cash advance, learn their rates, terms and fees and choose the most suitable, reliable and profitable from your point of view.
2. Fill out a simple free application form online and get instantly connected with more than 300 direct lenders both online and in-store to get their approval and have the money deposited into your account in less than 24 hours.

Getting an Installment Loan is really fast. If you apply online the application will be processed in minutes and if you meet all the requirements you have high chances of instant approval.

Installment Loans can be used for any personal needs. Most frequent purposes are:

• Medical and dental bills
• Home repair
• Car repair
• Travelling
• Special events
• Debt consolidating

One of the most popular reasons to apply for an Installment Loans is consolidating your credit card or other type of debt. An Installment Loan may offer you a lower interest rate or help you pay it off faster.

When shopping for the best most profitable Installment Loan, compare different lenders. You should pay your attention to:

• Interest rates
• Fees
• APR
• Prepayment penalties
• Automatic rollovers
• Debt collecting

Besides, it’s recommended to read the customers’ reviews and choose an experienced working according to the state’s rules company.