faq

FAQ

Installment Loan Frequently Asked Questions

Our online installments loans are instant money directly deposited into your account, which you can repay back over a longer period of time. So naturally, you have some “What” and “How” to be asked about our installment loans. No worries, as you have landed on the right page of the site! We have answers to all your queries.

It is an instant short-term loan arrangement that can be repaid with scheduled payments equally distributed over loan life.
Installment loans have a lot of varieties with terms as little as a few months to as long as 30 years. Depends on the loan agreement terms and the lender.
We offer instant online installment loan. You can use the cash approved to help you keep up with bills, pay your rent, make a card payment, and unexpected costs.
Though both the type of loans provides emergency cash there is a difference between the two in their fee structure and repayment terms. While a payday loan gets due on your next payday. An installment loan is paid back over a longer predetermined period of time.
Though the maximum loan amount depends on your credit eligibility, the extreme amount is limited to $1500.

Once your loan is approved your repayment terms gets fixed in the loan agreement. You pay a specific amount periodically which is usually bi-weekly or monthly.
We follow the latest technology of data encryption; to protect the information you share.
Our Loan application is very easy and is completely online.
We credit our loan as fast as possible. If the application is submitted with the business day, you can expect the funds within the same day.
We are never concerned with your credit score, rather we consider your earnings before approving your loan.
No not at all! We never carry out hard credit checks, though we make a soft pull on your borrowing history. But that will never hurt your ratings. In fact, even if you have an ongoing loan with us, you can simultaneously apply for a loan with another lender as well.
We need the minimum qualification:-

  • Be at least 18 years old with a valid id proof.
  • A steady source of income
  • Open bank account
  • A valid email address, phone number, and your social security number.
We may evaluate you on your current income, your ability to repay the loan, your credit score, and if you have any outstanding short-term loans.
We do not need any collateral.
If you want you can surely return back the loan beforehand, no penalties or charges will be levied on you for that.
The consequences depend on the state laws.
Payments can be made in two ways either you make a standing instruction of electronic fund transfer on the due date or you can provide us a money order or email us the cheque.
We are grateful to you for your selfless services towards the country, but presently we do not offer loans to military personals.
Automatic Clearing House Transaction (ACH) is the method by which funds can be deposited or withdrawn from an account. When you pay for your loan transaction with the check, you legally authorize us to process the payment with ACH transaction.
Of Course, because with the money from these installment loans you can pay off debts, and unpaid dues, thereby clearing off the marks off your credit history.

The lender will make multiple attempts to withdraw money from your account. However, your bank might charge an overdraft fee every time your ender tries to withdraw money and your account shows insufficient funds.
No not at all! We never carry out hard credit checks, though we make a soft pull on your borrowing history. But that will never hurt your ratings. In fact, even if you have an ongoing loan with us, you can simultaneously apply for a loan with another lender as well.
No, because federal law does not permit arrest warrant for unpaid debts.
Installment loans being expensive is a myth. But these loans are unsecured loan so many lenders charge a bit of high interest.
I may be because you have a low credit score, you can try our services, we provide guaranteed approval on installment loans even on low credit.
Installment loan is the right choice for you. Not only are they issued against bad credit, they have a low cost than payday loan.

We charge $30 for every $100 borrowed. Moreover depending upon the terms of the loan the APR may vary from 365.00% to 1564.28%.