installment loans, short term loans

Installment Loans

What is an Installment Loan? An installment loan is one that is paid over time using scheduled payments of principal and interest. You can pay back this loan in as little time as a month to a year depending on the size payments you will be able to make.

If you are out of cash but need a larger amount than a payday loan can offer you then an installment loan may be the best choice for your situation.

You may use an installment loan for whatever your expenses are. This type of loan is a fast and easy alternative to going to the bank for a loan.

A great feature of an installment loan is that each payment lowers the loan amount because you are paying the principal and interest. It is nice seeing the amount you owe go down each month.

Repaying your installment loan is easy because you have a set amount to pay on a certain day each month just like a normal bill.