What are Installment Loans, and How are they Different from Payday Loans?
Loans that are designed to be repaid in multiple parts (or installments), typically with periodic payments like monthly or bi-monthly payments, are called installment loans.
Critical differences between installment loans and payday loans:
- Repayment can be made in multiple parts
- Qualifying for higher amounts can be easier
- Taking out a loan in order to improve credit scores may be more beneficial
What are the Benefits of a Long Term Online Installment Loan?
A long-term online installment loan from QuickFundUSA offers many benefits, the preferable ones being:
- Accessible from anywhere, anytime
- Flexible repayment options are available
- No early payment penalties
- High reliability is reflected in a high loan approval rate
- Easy to qualify for loans
- No hard credit checks
- 24*7 customer support for all borrowers
Why Do Borrowers Prefer Online Loans?
While online loans are accessible round-the-clock using almost any smart device that connects to the internet, it is also easy to verify the legitimacy of online lenders thanks to the ample number of reviews and the quality of the services that one can easily find online for any prominent lender.
The convenience, ease, confidence, and competence that the best online lenders provide today are not nearly matched by store-based lenders.
These are the main reasons why borrowers prefer online loans today since a long-term installment loan from QuickFundUSA can easily fulfill the need for instant cash advances.
I need a Bad Credit Long Term Installment Loan Online. What Tenure Can I Get?
Even with a bad credit score, a long-term installment loan from QuickFundUSA can give you a repayment tenure of up to 12 months. However, your eligibility shall depend – to a great extent – on having a stable source of sufficient income. The best way to find out the exact tenure and amount you shall be able to secure through our loan is to apply for it. Loan applications cost nothing, and since we provide loans with no hard credit checks, applying for a loan will also leave your credit scores untouched.
Why Should One Take a Long-Term Installment Loan with No Credit Check from a Direct Lender?
The answer to this is simple. Only a direct lender can offer a long-term installment loan with no credit checks, and when you add a third-party entity like a broker, you can be subject to the following:
- Higher costs due to commissions
- Delays in communication and dealing
- Reduced transparency in the deal
Instead, dealing with a trusted and reputable direct lender simply eliminates these issues.
How Do You Provide a Long-Term Installment Loan to Bad Credit Score Holders?
- Our loans are income-based, so if your income source is stable and the amount of your monthly income deems it safe for you to get the loan you seek; the loan is likely to be approved.
- The applicable state laws, our basic eligibility requirements, and the verifications done to deem you eligible for a loan will impact the loan decision. In some instances, applicants for a long-term loan may receive alternate offers for short-term loans when they do not qualify for the former.
Payday Loans Promise No Credit Checks, Instant Approvals and Guaranteed Funding. Why Should I Choose an Installment Loan?
Here are a few of the features our installment loans offer:
- No credit checks
- Instant approvals upon successful completion of eligibility verification
- Guaranteed funding to eligible loan borrowers
- A fully online process
- Direct deposits upon loan offer acceptance
- Choice of loan tenure and repayment pattern subject to eligibility
Clearly, we offer all the advantages of a payday loan and more. So, why choose a payday loan?
What do I Need to Qualify for a Long-Term Installment Loan from QuickFundUSA?
These are the eligibility requirements:
- Minimum 18 years old
- US citizen or permanent resident of the US validated by a Social Security Number
- Regular and steady source of income of $1,000 per month or above, validated by 6 months’ payslips and bank statements
- Active bank account
- Valid contact number and email address
Suppose you are in a position to evidence the above. In that case, you qualify for our long-term installment loans, and our customer service team awaits your loan application for an opportunity to serve you.