How Do Installment Loans Work?
You can encounter an emergency situation at any time and place. Unexpected emergencies can unavoidably force you to need an immediate instant approval short-term loan, whether you have bad credit or no credit at all. For instance, due to a sudden illness or any other occurrence that may cause you to need immediate cash, acquiring a same day installment loan can come in handy. There is no need to undergo a long process to become approved for an installment loan.
InstallmentLoansInc.com will process your application within 1 hour, unlike many other lenders. You can obtain a quick approval, and the funds will be instantly available for your convenience.
Simple and Secure Application
Complete an online application form that is fax less and easy. We will match the details of your application with more than 300 of the best and most trusted lenders. You can be approved for as much as $1,000 or a small amount to cover your immediate expenses. For your security, we use a 256-bit SSL encryption to ensure the privacy of your personal information.
No Fax Loan Process
Within a matter of minutes, you have the opportunity to become approved for an unsecured installment loan from a multitude of lenders. After reviewing all of the loan terms and guidelines from each lender, you will be able to choose the loan with the best rates and policies.
Claiming Your Installment Loan
After accepting the loan terms, the lender will require you to enter an electronic signature. The money will be deposited into your bank account the next day. It is a fast and easy process. Don’t worry if you have bad credit, we will work hard to ensure that you are approved for your loan.
The lender will automatically withdraw the funds from your bank account on your next payday or according to the agreed repayment method. You will not need to mail a check or encounter late fees and other penalty charges. Also, many lenders will allow you to set up a payment plan, if you are unable to repay the loan on the agreed repayment date. Some lenders will grant loan extensions that works best with your budget. If you need to obtain a loan extension, be sure to contact the lender prior to the due date and negotiate an extension.
Eligibility for an Installment Loan
If you meet certain requirements to qualify for a cash advance, you will be approved for a loan with no credit check. You must meet the following criteria to qualify for an installment loan:
- You must be at least 18 years of age.
- You must be a permanent resident or citizen of the United States.
- You must furnish proof of employment for at least 90 days prior to the date of your application.
- You are required to have an active checking account.
- You need to have a valid email address and phone number.
Installment Loan Benefits
To ensure the lowest interest rates, it is important to pay the loan on the agreed due date. Timely payments also will enable you to qualify for future loans with any lender. Before you apply for a loan, be sure that you will have the available funds to repay the loan on the designated due date.
InstallmentLoansInc.com is Ready to Help You We will provide excellent customer service and do our best to assist you with your financial concerns. Don’t hesitate to contact us with your inquiries, and you will receive a prompt reply.