Payday loans, like installment loans, are short-term, high-cost loans that often have a principal balance of less than $1,000. Unlike installment loans, instead of paying off the principal balance over several months or years, payday loans are typically paid off within one month (on the borrower’s next payday). Do you need fast cash? Apply for Installment loan and get money today. Complete our easy online application for installment loans and get up to 5000$. Installment loans are generally a comforting help to a common man’s financial dilemma. A person who cannot afford things like a house or a car can apply for installment loans. This means that the lender lends him the entire down payment in one go. The borrower then has to pay the loaner his money in fixed installments. These installment loans are for a fixed term and have fixed monthly payments. Unlike lines of credit, installment loans have a maturity date in which the personal loan will be satisfied. A common example of this would be a 30 year fixed mortgage or a 60 month automobile note. Both have a predictable monthly payment and maturity date. What is an installment loan? 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. An installment loan is a loan where you borrow a specific amount of money at one time, and repay over time with a set number of scheduled payments (typically 2 payments or more). As you make payments, your loan balance decreases. Examples of Installment Loans Cashco Installment loans are a great option for those looking to take out a larger sum of money with a lower monthly payment and improve their credit score at the same time. Cashco Financial Installment loans are a longer term loan ranging from $500 to $5000 with up to 36 months to repay. Waiver or reimbursement of the user fees only applies to individual taxpayers with adjusted gross income, as determined for the most recent year for which such information is available, at or below 250% of the applicable federal poverty level (low-income taxpayers) that enter into long-term payment plans (installment agreements) on or after. Installment loans are a medium-term loan that offers you more money and is paid back over a longer period of time. Check Into Cash installment loans are only offered in specific states. Please see the State Center to find out what products are available in your state. Does it cost anything to apply? Installment Loans An installment loan offers qualified customers access to larger loan amounts, a longer repayment period, and a personalized repayment schedule. Customers may be able to choose a schedule with larger payments to pay off the installment loan quickly, or make smaller payments over a longer period of time.