Are you in need of some money to pay for those pending bills? Are you worried that your bad credit score is keeping you from approaching the banks?
WORRY NO MORE! GUARANTEED INSTALLMENT PAYDAY LOANS ARE WHAT YOU NEED, WITH LESS PAPERWORK AND NO CREDIT SCORE CHECK, YOU CAN QUICKLY GET HANDS ON THE AMOUNT YOU ARE LOOKING FOR.
Guaranteed installment payday loans
These loans are really easy to apply, all you need to do is to fill out an online application that will inquire about your name, address, job and similar details to ensure return of the loan in time. This step is just a 10 minute process and usually gets your loan sanctioned on the same day and the money gets transferred into your bank account. You can choose to take a loan of $200-1000, using guaranteed loan installments.
NOW YOU MUST BE WONDERING HOW ARE THESE LOANS DIFFERENT FROM PAYDAY ADVANCE LOANS?
Here are some features of guaranteed advance loans that will help you understand their difference:
Installments loan as the name describes are to be repaid in installments, usually monthly installments. This is an easier method to finance a bigger purchase like a car, phone, laptop, etc to be purchased using installments. The amount of time that you will get to repay your installments will depend on your loan amount, your salary and installment amount chosen for repayment. These loans are typically provided for a tenure of 5-7 years at the max.
If you have a good salary and repayment record then top installment companies can even offer you upto $30000 for qualified applicants.
WHAT YOU NEED TO KNOW ABOUT GUARANTEED INSTALLMENT LOANS?
These are flexible loans; therefore you do not have to pay them entirely in one go or on your upcoming payday. These loans are divided into fixed installments by the company and you need to pay the pre set installment every month for the decided tenure.
Also you do not have to guarantee any property, possession or pledge your belongings to obtain these loans. Most people with bad credit scores are eligible to apply for these loans. You do not have to wait for weeks to get the amount sanctioned, in most cases you get the money in your bank on the following day.
The best part about these loans is you do not have to run back and forth for completing formalities and submitting documents. There are very few formalities associated with these loans and you can fill them online through your computer. No physical copies and presence is needed.
The rate of interest that you will get on these loans will vary from vendor to vendor – by a few percent but yes these are expensive loans so be prepared to pay a good amount as interest on your principal amount.
ARE YOU ELIGIBLE FOR A GUARANTEED INSTALLMENT LOAN?
IN ORDER TO USE THE BENEFITS OF THESE LOANS, YOU MUST FIRST CHECK IF YOU ARE ELIGIBLE. HERE ARE FEW THINGS THAT YOU WILL NEED TO HAVE OR PRODUCE FOR ITS ELIGIBILITY.
- You must be 18 years of age.
- You should have a local address proof/citizenship of the country.
- You should have a regular salary or income
- You should have a valid bank account
- You should have a verifiable email and contact number
If you fulfill the above mentioned criteria, you are almost eligible for loan. Now that you have checked your eligibility, it is now important to compare the plans offered by different companies. There are many companies offering these loans, try to go through the rate of interest and talk to a few of them for the deals they are running. A good deal at the right time can help you save over hundreds of dollars on your loan.
Now guaranteed loans are available at several websites online, so it is imperative that stay away from the third party lenders. A lot of fraud cases come through third party loan providers, make sure you pick direct lenders. Also make sure to read the paperwork carefully before signing the documents online. You should understand the rate of interest applied, installment amount and the date on which you have to pay every month carefully. When you are clear about everything, you can go ahead and sign your paperwork and get your loan.