Not exact matches
People who typically use
installment loans might do so if they don't have access to another type of
loan with lower interest rates or a credit card.
If you can get a
loan with a
low interest rate, you may want to consider that instead of an
installment plan.
Your best option is to go
with a lender who allows
installment loans, as those typically give you longer to repay the
loan and at a
lower interest rate.
Unlike high -
interest credit cards, personal
loans come
with a
lower interest rate and feature more accessible payment
installments than credit cards.
A
low interest rate installment loan can be a great way to consolidate high
interest credit card debt into one
loan with a single payment and a
lower interest rate.
In early 2015, Kelly was relying on single - payment
loans every month, but because of her positive payment history
with us, she quickly climbed the LendUp Ladder and gained access to larger
loan amounts,
installment loans and far
lower interest rates.
Now that we're becoming established in different parts of the country, more and more of our early customers are reaching the Prime rung of the Ladder where those levels are available, meaning that they have access to
installment loans with interest rates as
low as 29 % (for comparison,
installment loan rates offered by payday lenders are typically well into the triple digits).
If you have correctly paid the
loan installments, you can also get other
loans with lower interest rates.
This is what you can get by applying
with us: promotional
interest rates (the
lowest on the market), specially flexible repayment so you can repay your
loan without worrying about making sacrifices to afford the monthly
installments, significantly higher
loan amounts so you can afford anything you need and many other benefits just by being a homeowner!
Installment loans also tend to have
lower interest rates than other types of financing, but you should still shop around for the best
rate, such as
with an online lending network like our picks below.
Our
loans come
with competitive,
low -
interest rates and can be repaid over 3 years, in affordable
installments automatically deducted from your account.
But on the other hand, the lender can provide the borrower
with much better
loan conditions like
lower interest rates, longer repayment programs and therefore
lower installments.
Your best option is to go
with a lender who allows
installment loans, as those typically give you longer to repay the
loan and at a
lower interest rate.