| Description: | What Is an Installment Loan? An installment loan procured online usually includes borrowing an amount from a lender through an online application. Over the following months, the amount is paid off in smaller installments with an APR attached. While other loans, such as secured or payday loans, might require good credit, most installment loans do not. This means you can apply even if you have a bad credit history. Plus, you don’t have to provide a guarantee! Keep in mind that getting an installment loan online means fixing regular reminders or automatic payments to keep up with the repayment terms. Getting late can add unnecessary penalties to your list of expenses. |
