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If you are facing financial hardship and are looking for a way out without going further into debt then you may want to consider installment loans. Online installment loans are similar to payday loans, but you don’t have to pay them back in a lump sum. Instead you payback you loans over a certain number of months. A lot of the time this type of loan works better for someone who is on a tight budget and cannot afford to pay back their entire loan out of one paycheck. Paydaynow.net is a great resource for these types of loans and can get the process started for you right away with a few clicks of a button!
Finding Installment Loans Online
If you are reading this then you have probably already done the hard part of locating where to get an online line . Paydaynow.net is here to help! Our process is simple and our qualifications are not hard to meet. Here’s a quick rundown of the criteria needed to be approved for our loans:
- Age – A qualified applicant for a loan must be 25 years or older.
- Employment – in order to be approved for a loan, you must be able to prove current employment. In most cases this can be done with valid paystubs.
- Income – In order to ensure that the recipient of the cash will be able to pay the loan back, lenders typically look to make sure the applicant has a minimum monthly income of $1300.
- Bank Account – Because the loans are transferred electronically a qualified applicant must have a bank account capable of receiving direct deposit.
As you can probably tell, these qualifications are much less strict than a typical loan application from a bank. In most cases, if you meet the four qualifications above then you won’t have a problem being approved.
Are there Installment Loans for Bad Credit?
You can apply for and be approved for an installment loan even if you have bad credit, no credit, or even bankruptcy in your past. That is one of the biggest benefits people find with Installment loans. If you meet the criteria above and want to move forward in the process of obtaining a loan then please don’t hesitate: call our toll-free number or complete our simple online request form today at paydaynow.net!
Here is a little information about how the process works:
- Application – The first step of the loan process is filling out the easy online request form right here at paydaynow.net. It is a short application that will ask you to fill in information that should be rather easy to access like your name, age, address, bank account information and employment proof.
- Review – After you complete the application it will instantly be sent to a team of lenders who will review your information to see if you qualify.
- Approval – If the lender finds that you do qualify then they will approve your application.
- Signatures – Once your application is approved the lender will send you your loan documentation which will include all pertinent information about the terms of your loan. This paperwork is extremely important and should be reviewed to make sure you understand exactly how your particular loan will work. Make sure to look over the loan amount and repayment schedule to ensure that that will work for your budget.
- Funds – Once you return your signed loan paperwork you will receive your funds within just a couple of business days.
The process is simple and easy. Paydaynow.net keeps it this way so that you can get the funds you need fast. Repayment terms are flexible and can be anywhere from 14 and 18 months. If you choose to pay your loan off earlier you will not be charged a penalty. With installment loans you only pay for the time you use the loan so if you want to make larger monthly payments to pay off faster you can, or you can stick to the low monthly payment agreed to by you and your lender. If you think that an installment loan can help you and want to learn more about how to get the process started just call our toll free number and speak to one of our representatives. If you are ready to move forward now just hop on over and fill out our easy online application. You could see funds in your account this week and be one step closer to overcoming that financial hurdle you’re facing.