Are Installment Loans Right for You?
Blog icon
Looking for a financial solution to get you more money fast? Have you heard of installment loans? You may be more familiar with them than you think! Keep reading to see how installment loans work and if they are right for you.
Installment Loans Defined
An installment loan is a type of loan that lets you borrow money and repay it over time. It is a great option for when you need a lump sum of cash quickly and would prefer to pay it back through a series of payments instead of at once.
How Installment Loans Work
The process to get an installment loan is easy, especially at NiceLoans! See how to get funded in 3 easy steps:
An installment loan is the most popular type of loan because it is convenient and has many benefits such as:
You can apply for an installment loan with no credit check at your nearest NiceLoans! store. We have locations throughout Alabama, Oklahoma, Mississippi, and Tennessee. Click here to use our store finder to locate your closest store. Be on the lookout, we will be launching online loans in 2021. If you have any questions before coming into apply, contact our customer support team at 833.308.6423.
Installment Loans Defined
An installment loan is a type of loan that lets you borrow money and repay it over time. It is a great option for when you need a lump sum of cash quickly and would prefer to pay it back through a series of payments instead of at once.
How Installment Loans Work
The process to get an installment loan is easy, especially at NiceLoans! See how to get funded in 3 easy steps:
- Step 1: Visit your nearest NiceLoans! store and apply for a loan up to $2,500
- Step 2: After approval, receive your funds.
- Step 3: Then, make re-payments on your loan and when it’s paid off you can request more money.
An installment loan is the most popular type of loan because it is convenient and has many benefits such as:
- No Credit Checks: It doesn’t matter what credit score you have because your credit history does not determine your eligibility to receive an installment loan.
- No Collateral: You won’t have to risk losing your assets such as your car or home if you don’t make your payments on time as you would with a title loan.
- Flexible Payment Schedule: A huge benefit of installment loans is the re-payment schedule. You make your payments over time instead of paying the borrowed amount back on your next payday like a payday loan.
- Freedom: Mortgages are used for your home. Student loans are for school expenses. An installment loan can be used on anything you want! Whenever you need cash, have a financial emergency, or want to treat yourself, the option is yours.
- Loans up to $2,500: Loans amounts are regulated by the state. To see how much money you can request, visit the Rates and Terms page of your state.
You can apply for an installment loan with no credit check at your nearest NiceLoans! store. We have locations throughout Alabama, Oklahoma, Mississippi, and Tennessee. Click here to use our store finder to locate your closest store. Be on the lookout, we will be launching online loans in 2021. If you have any questions before coming into apply, contact our customer support team at 833.308.6423.