Considering an Installment Loan?
Unlike traditional cash advance or payday loans that typically are redeemed within 14 days or at your next payroll, installment style cash advance loans can be extended for several weeks or months at a fixed fee without roll-over costs or incurring additional fees. Although these loan types still carry high interest rates, they are typically structured with reduced fees for longer term loans.
A cash advance installment loan can be processed within minutes online. The borrower provides basic information, proof of employment, and must be 18 years of age or older with a checking account in good standing, i.e. no overdrafts or negative balances in the preceding 30 days. Once the loan request is approved, money is de
posited in the borrowers checking account the following business day.
Below are typical loans and repayment schedules.
Typical Installment Loan Costs and Terms
|Loan Amount||APR||No. of Bi-weekly|