An Installment loan is a loan where you get a set amount of money in a lump sum. You must repay the loan in fixed, equal monthly amounts as agreed with the borrower. Pay your monthly payment until the end of your loan or refinance for a new installment loan. Get an unsecured installment loan for instant cash to fix your truck, pay your bills, or take care of an emergency.
You can pay back your Installment Loan as agreed on or before the due date. However, your payments will depend on the amount of loan you have borrowed and your due dates. The rates and terms may differ based on the loan amount and the state in which you live. Installments loans are best suited for people who prefer scheduled payments. This helps individuals better plan their budgets and pay off the loan in smaller and easier payments.