If you need a fast cash loan with monthly payments, you may not know your options. This blog post describes several different types of fast cash loans that are available for monthly payments and are ideal if you need urgent funding but not a short-term loan. let’s start.
- Installment payday loan
These are the same as regular payday loans, but instead of paying the full amount of principal and interest / fees within 1-3 weeks, you can repay in installments every month for up to 3 months.
Usually you don’t need a traditional credit check, background check, or any other such verification. You simply need to be employed, earn income, be a US citizen over the age of 18, and have an active and open checking account.
- Individual (unsecured) loan
Personal loans, also known as “unsecured” loans, are easy to find online. With variable APR, you can get a loan term of up to 12 months or more. You can borrow hundreds or thousands of dollars, depending on your credit.
However, this type of loan almost always requires a fairly good credit score. If you don’t have good credit, you may not be able to get one of these loans. In addition, it usually takes a little longer to apply and be approved compared to other types of loans.
- Installment title loan
Some car title lenders will make installment title loans available. Car title loans are usually issued for a one-month loan period. However, some lenders may allow you to repay your loan evenly each month for at least 3-6 months.
However, title loans are very risky, especially if you work on a vehicle. If you fail to repay, your car can be reclaimed and sold to repay your loan.
- Credit card cashing
Credit card cashing can be thought of as a kind of fast cash loan with monthly payments. You can withdraw a certain amount of cash up to the limit set by your credit card company.
Immediately after that, interest will start to accrue. However, to keep your credit card in good condition, you can continue to make monthly or minimum payments and repay your first cash advance whenever you have money.
Select Flex Loans Online for fast cash loan
If you need a fast cash loan, Flex Loans Online is for you. We will provide prompt approval and cash on the day you apply. Click here to get started and get the emergency funding you need.