Installment Loans FAQ

Installment loans can be a helpful option when you’re in need of financial assistance or are dealing with unforeseen expenses. One of the advantages of installment loans is that they often offer more extended repayment periods compared to payday loans. Generally, repayment terms for an installment loan can range from 6 to 24 months, allowing for greater flexibility based on your financial situation. We invite you to apply for an installment loan with us today.

The “best” loan company varies based on your specific needs. Look for a direct lender like LendNation that offers transparent terms, reasonable interest rates, and good customer service. While there are multiple companies to choose from, it’s important to choose a company that aligns with your financial needs and preferences. That’s why at LendNation, we take multiple factors into consideration when getting you the cash you need with an installment loan.

A good installment loan is one with manageable interest rates, good repayment terms, and no hidden fees. It should align with your financial needs and help you achieve your financial goals without putting additional strain on your current budget. Our installment loan application process is quick and simple and our team of experts will help guide you through the process.

Installment loans can be worth it if used smartly. Installment loans offer a structured way to pay back money and can help in times of financial need.

Read more about the benefits of an installment loan here.

At LendNation, we offer installment loans in several states across the country. Visit our locations page here to see if there is a location near you.

Installment loans can be a good tool for building credit, especially if you make on-time payments. Each on-time payment gets reported to credit bureaus, helping improve your credit score. Making on-time payments is the key to building your overall credit score.

To get an installment loan with no credit history, you must find a lender that considers multiple factors when applying for a loan. LendNation reviews multiple factors, including customer credit history, prior loan payment history, income and employment history. Visit a LendNation near you or start your online application today.

To calculate your monthly payment, you need to consider the loan amount, interest rate, and loan term. Unlike a payday loan (which repayment is due by your next pay period), an installment loan has a longer repayment period, ranging from several months to two years.