Payday Installment Loans
Are you in desperate need of finances and are looking for something like a payday loan to serve as a quick fix but want a longer repayment period? If yes, then a payday installment loan from a direct lender is exactly what you need!
What are Payday Installment Loans?
Payday installment loans are a way of receiving quick cash with the option of paying back your loan in installments over a few months. They come in handy for those borrowers who need a slightly higher amount of cash but cannot repay the entire loan all at once.
What If a Borrower Wants a Payday Installment Loan but Has Bad Credit?
Direct lenders understand that receiving a loan with bad credit, especially one with quick transfers and a fairly flexible repayment term. However, you should know that most lenders offer payday installment loans even for bad credit since they don't depend on credit scores to issue loans. They rather require you to have a stable income, which is a reason good enough to provide you with a loan.
Along with your income proof, here are the few other basic documents required that can help you qualify as a trusted borrower:
- Pay stub/ Income Statement
- SSN
- Age proof (18+)
- Verifiable contact details
- Checking account details
Where Can an Individual Avail a Payday Installment Loan From?
You can get a payday installment loan near you at a store from a direct lender or online. However, to save time you must apply for a loan with a trusted lender online, since you can apply from anywhere and at any time. Going to a direct lender at a store can be time-consuming since you will have to travel to their outlet and only during their opening hours, and you will have to go through paperwork all without being guaranteed a loan.
What Is the Repayment Term for a Payday Installment Loan?
It is difficult to determine whether the repayment term for a payday installment loan online is similar to that of a payday loan or an installment loan. These loans are supposed to be repaid in monthly installments, depending on how long a period your lender has to offer you. That means, you don't have to repay your loan in lump sum, like a payday loan demands you to do, but at the same time get the benefits that a payday loan offers.
Can a Debtor Get a Payday Installment Loan Online On the Same Day?
Online direct lenders instantly approve your loan and transfer cash immediately once you fill out the application form and provide the necessary verifiable documents to them. However, whether you can receive your loan amount on the same day or not, it will depend on your bank’s policies, though you will receive it in 24 hours at the max.
Quick Transfers and Long Repayment Terms. Apply For A Payday Installment Loan With Us!
CashTodayExpress offers payday installment loans to provide immediate cash transfers of up to $1000 that you can repay in installments over a few months. We avoid credit checks, which doesn't only benefit those who possess bad credit scores, but also reduces the time taken for the approval of a loan request.
We are accessible 24/7 so you can request a loan at any time of the day at your convenience. By offering interest rates that are one of the most reasonable in the market, we qualify as one of the most affordable direct lenders online.