All About Installment Payday Loans

Are you in need of quick access to cash over $1,000? Installment Payday Loans give you just that but with longer repayment terms. This loan will provide you with fast cash and longer repayment time to pay it off than other short term loans.

When applying for Payday Loans you should keep in mind that the maximum loan amount shall be based on your state of residence. You may also find lenders who will offer this loan to bad credit. However, they can come with highly unfavorable terms.


Repayment terms of the loan will differ depending on the loan amount and the lender you apply with. Loan terms usually vary between 6 months to 5 years. Every month when the loan is due, lender will deduct the payment from your bank account.

Some lender may also give you the options of repaying the loan through check. The repayment frequency of the loan will usually depend on the amount that you have borrowed and shall be according to your pay dates.

The cost of Installment Payday Loans may vary from one lender to another. Lender will outline fee and interest rates on the loan contract. Usually, the fee that lender will charge may include origination fee, prepayment penalties and late payment fees.

The interest rates charged by the lender shall be expressed as a percentage in the loan contract. While, the Annual percentage rate (APR) will include all fees and interest and will be expressed as a yearly percentage.

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