It would be great to always have enough money to pay off the bills on time every month, with cash left over. Unfortunately, this isn’t always the way it works. Even if you have a bit of money set aside in a savings account, you may not have enough to cover an unexpected bill or a family emergency. An installment loan can help cover these costs when needed.
How Installment Loans Work
At MaxLend, borrowers can apply for an amount up to $1,250 at a time in order to pay off a number of things. Installment loans are unlike a payday loan because of the way the client repays the loan. Payday loan companies will allow their customers to borrow hundreds of dollars at a time but will demand that the loan is repaid by the next payday, plus all finance fees. Many times this takes a whole paycheck to repay, so the borrower is either forced to extend the loan or they come back a day or two later to take out a new one. By the time they repay all the finance fees they are deeper in debt than before.
Installment loans work differently. During the application process, customers set up their due dates online. Installment plans are generally six months long so customers do not have to repay the loan in one big chunk. Allowing time to repay the loan means that more people can actually make their payments, instead of struggling like crazy to make one large one and failing. There is also the added comfort of being able to extend the payment schedule f you are having trouble making the initial six payments.
Customers can apply online for an installment loan at any time. Years ago, loan companies typically operated from a brick-and-mortar storefront, making it difficult for many people to actually get to the place to apply. Today, the Internet allows for complete anonymity when it comes to securing an installment loan. MaxLend.com offers their valued customers the chance to apply for a loan on their secure website whenever they need fast cash. All loans applications are encrypted with the latest security measures so that your personal and financial information is kept safe and secure.
The loan application is easy to fill out. Borrowers will need to supply just their name, email address, phone number, physical address and their social security number. They will also need to supply their banking account information and employment history. It takes just a few minutes to apply and most customers get an answer within minutes. Once approved, the cash they are approved for will get credited into their account via direct deposit.
Installment loans are a fast and easy way to get cash today. Apply at MaxLend.com today and see for yourself how easy the process is!