Installment Loans Online
Long-Term Cash Need
Installment loans are paid back through a set number of installments generally over a long period of time. The total number of payments will include the money borrowed and the interest and fees associated with the loan. The length of time for the loan will vary depending on the loan amount. Before you commit to any of the terms of the loan you will be presented with all the terms. Many lenders will want to set up automatic payments so they ensure they receive their payments in a timely manner. An installment loan is a loan that is repaid over time with a set number of scheduled payments; normally at least two payments are made towards the loan. The term of loan may be as little as a few months and as long as 30 years. A mortgage, for example, is a type of installment loan.