Navigating your loan journey can be difficult and even scary sometimes. But we want to make things as easy as we can. Here, you’ll find commonly asked questions along with helpful answers and guidance.
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How much money can I borrow?
State laws regulate the maximum Installment Loan amount. These typically range from $50 to $5,000, depending on your state. The Installment Loan you receive is based on your eligibility and ability to repay.
Can I pay my Installment Loan early? Does it save me money?
Yes, you can pay your Installment Loan before the maturity date without a pre-payment penalty. Plus, paying your loan early saves finance charges since interest is charged daily on an outstanding principal.
What is an Installment Loan?
An Installment Loan can offer more money than other types of short-term loans. You can also pay it back over a longer period of time. Repay in bi-weekly or monthly payments over terms ranging from a few weeks to a few months. Plus, there’s no penalty for early payment.
Once approved, you’ll receive a larger lump of cash to spend however you wish. This can cover medical bills, home or car expenses, or help to consolidate debt.