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What Is an Installment Loan?

Mar 5, 2017 | Installment Loans, Loans

Let’s say you’re purchasing a car or trying to consolidate all of your bills into one low monthly payment. An installment loan can be an excellent way to increase your buying power and make a major purchase possible.

An installment loan allows you to borrow a specified amount of money and pay it back over time. –Usually in monthly or bi-weekly payments, with interest. The term of the loan can be just a few months or up to 30 years in the case of a home mortgage.

You can take out installment loans to fill almost any need, from home and car repairs to paying an overdue bill. We offer a wide variety of loan products with varying maximums depending on your monthly income, to meet your needs.

Because we service all of the loans ourselves, we are proud to be pioneers in our industry. Not only do we strive to say “yes”, we may be able to approve your installment loan within minutes.

In addition to fast, accessible loans, we also offer a wide range of other services. Find a location near you to see how best we can help you in your situation.

Written by Joel Manzer

Once an active writer on financial issues, Joel is a blogger, social media maven and autism dad, Joel now runs autisable.com one of the largest living with autism sites in the world.

The information provided is for informational purposes only and is not a substitute for professional financial advice. You should consult a credit counseling professional concerning the information provided and what should work best in your financial situation. And any action on your part in response to the information provided is at your discretion.

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