The Basics Of Installment Loans And How Do They Work?

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The Basics Of Installment Loans And How Do They
Work?
www.onlinecheck.com
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Ever applied for a Car Loan or Mortgage Loan?
Both of these loans are the types of Installment
Loans.
But, what is an INSTALLMENT LOAN?
The lender offers the money to the borrower at
once, and the borrower pays back the loan in the
form of monthly payments.
Each monthly payment is known as an INSTALLMENT.
The repayment terms of an Installment Loan vary
from the repayment terms of a Business Line of
Credit and a Merchant Cash Advance.
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Gather financial documents
How to get an Installment loan?
Apply online
Applying for an installment loan is not a hard
task!
Get the approval notification in a matter of
hours!
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Types of Installment Loans
1. Auto-Loans
Payment terms 12 to 96 months
2. Mortgage Loans
Payment terms 15 to 30 years
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FACTORS
Factors to consider before applying for an
Installment Loan
1. Credit Score 2. Cash Flow
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Advantages of an Installment Loan
Flexibility
Fast Approval
Interest rate
Get an instant Decision within 3 minutes
Stable interest rate, saving you from the
surprising hike.
Choose between short-term and long-term payments.
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Disadvantages of an Installment Loan
Fixed Interest Rate
Penalties
Repayment Schedule
The interest rate will remain the same, even
when the market rate is decreasing.
Some lenders charge an early payment fee.
Borrowers has to follow the schedule, in any
case!
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Read all the contractual terms and conduct
thorough research to select the best option!
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GET IN TOUCH
MERCHANT ADVISORS
For more information and tips to get an
installment loan at an affordable price, contact
Merchant Advisors.
_at_ ONLINECHECK
_at_ ONLINECHECK
_at_ ONLINECHECK
_at_ ONLINECHECK
9-5 Novelty Lane Suite B Essex, Ct 06426
www.onlinecheck.com
[phone]
info_at_merchantadvisors.com