INSTALLMENT LOANS

Installment loans

July 20, 2021

Installment loans are the general term for a broad number of loans that enter into the category of loans. They are paid on a monthly and regular basis or “installments”, which is the reason for their name.

Why do you need one?

July 20, 2021

The need for an installment loan will depend according to your situation. There may be an emergency that you can’t cover with the savings you have; or perhaps, you are looking to have extra cash for a trip.

How much would you pay?

July 20, 2021

Since installment loans have fixed monthly payments, each installment debt will include a portion of the principal and the interests. You need to consider these factors: – The amount of money you are borrowing. – The interest rate and fees of your debt.

Getting approved

July 20, 2021

To get approved you need to consider several factors such as: · Your credit scores. · Monthly income. · Current work situation. · Previous debts. · Credit history · Debt-to-income ratio (DTI)