Real Installment Loans

Listing Results Real Installment Loans

Frequently Asked Questions

• What is an installment loan and how does it work?

  An installment loan is a type of loan where a consumer borrows a set amount of money at one time. This loan is repaid in monthly installments and the monthly installments are usually a fixed amount over that time period. These types of loans are beneficial because the APR and interest rate are fixed over that repayment period opposed ...

• Can you get an installment loan from a direct lender?

  If you're looking for a short-term solution, then an online installment loan from a direct lender may be a helpful option if you need a loan with a longer repayment term. Installment loans can vary in amount and are repaid over a period of time through a number of scheduled payments.

• Is the interest rate on an installment loan fixed?

  This loan is repaid in monthly installments and the monthly installments are usually a fixed amount over that time period. These types of loans are beneficial because the APR and interest rate are fixed over that repayment period opposed to revolving debt like credit cards that can change over time.

• Where can I get an installment loan with bad credit?

  Credit union installment loans for bad credit In addition to online lenders, consider a credit union for installment loans if you have bad credit. Rates at federal credit unions are typically lower, and they offer payday alternative loans geared toward bad-credit borrowers. You have to become a member to get a credit union loan.

• Which is better installment loan or payday loan?

  Installment loans often have lower interest rates than credit cards and can be a far better choice than payday loans, which tend to charge very high interest rates and fees. Plus, you typically need to pay back a payday loan the next time you get paid.

• What do I need to get an installment loan?

  Gather personal information such as your government-issued ID, proof of income and Social Security number. If a lender offers prequalification, it will do a soft pull on your credit to find out which rates and terms you qualify for. This won't ding your credit score.

• Who is the originator of the best egg personal loan?

  "Best Egg" is a trademark of Marlette Holdings, Inc., a Delaware corporation. All uses of "Best Egg" refer to "the Best Egg personal loan", "the Best Egg Secured Loan", and/or "Best Egg on behalf of Cross River Bank or Blue Ridge Bank, as originator of the Best Egg personal loan," as applicable.