How Quick are Installment Loans?

March 7, 2019

When it comes to how quick installment loans are, it depends on what kind you are trying to obtain. There are several kinds of installment loans out there, and they all have varying process times. How quick you receive an installment loan depends on the size of the loan you are going for, terms and conditions, and what your intent with the money is.

The greater the sum of money you are trying to borrow with an installment loan, the more likely it is that the process will take longer to come through. There are various types of installment loans that can be obtained much quicker, though usually they are for less amounts of money.

Installment Loans You Can Get Today

When it comes to getting an installment loan today, or at least in a relatively short amount of time, you may have quite a few options. Some installment loan options include:

Title Loans

A title loan is a basic kind of installment loan. How it works is that if you qualify, you get offered an amount of money to borrow based off your income and the value of your vehicle. Once you sign on, the lender will sign onto your vehicle’s title as a lienholder while you repay your loan in order to ensure security. Once you finish paying the loan off, the lien will be released, and the title will be solely in your name once again.

Personal Loans

Personal loans are quick and easy loans to take out. They are popular because they do not require any collateral to obtain and borrowers could receive their loan money the same day they apply. All that is needed is a signature and a promise to pay back the borrowed money that is lent plus the interest.

Peer to Peer Loans

Peer to peer loans are a newer kind of loan that have gained a great deal of traction and popularity lately. The way that they work is you make a post stating how much money you need on a P2P website. From there, an investor will offer you the money you need. You will deal solely with them, rather than a big financial company like a bank.

Personal Lines of Credit

A personal line of credit is a loan a financial institution (usually a bank, but not always) gives you. This loan will allow you to borrow up to a certain amount, though you do not have to borrow it all at once. When it comes to repayment, you only pay back what you used. Once you do pay back what you borrowed, you then have the ability to take out that money again.

Installment Loans with Lengthier Process

There are quite a few kinds of installment loans that will take longer than a day or a few days to get. These are usually for larger amounts of money, and more often than not are meant to be used for a specific purpose.

Some of these lengthier installment loans include (but are not limited to):

Auto Loans

Auto loans, as the name would suggest, are loans that you take out in order to purchase a vehicle. This type of loan typically requires many steps, and so it is not usually a kind of loan that can be acquired in a short amount of time.

Mortgages

Mortgages are typically used to buy houses or other types of property. They make such purchases more accessible to a wider range of people who may normally not be able to do such a thing. Houses cost hundreds of thousands of dollars in most cases, and thus receiving such a loan can take around a month or longer.

Get the Installment Loan You Need Today with MaxCash!

Need to get an installment loan in a short amount of time, but you do not know where to go or what kind of installment loan you should try to apply for? Come to MaxCash! We help connect reputable lenders to potential borrowers every single day of the week!

To get started with finding a quick installment loan, get in contact by:

  • Calling us on our toll-free number at (833) 207-9052
  • Sending us an email at Info@MaxCash.com
  • Coming down to our physical office at 1270 E. Broadway Rd, Suite 208, Tempe, AZ 85282

DISCLAIMER:
The MaxCash website does not offer or provide loans, but rather, it offers a service. It should not be construed as a lending agent or broker. The site does not endorse any lenders and does not charge visitors any fees. The website owners do not evaluate potential lenders’ applications, nor do they approve or deny credit. The MaxCash website does gather applicants’ personal information and transmits it to lenders that are part of the site’s lending network. No one is required to make use of this website, nor are they under any obligation to begin contact with site operators or to attempt to secure a loan with any of the site’s lending partners. Transmission of your financial and personal information on the website in no way obligates lenders to offer you a loan or any other kind of credit product. Be aware that cash transfer times can vary, depending on the lender and the bank you use. It may be necessary to fax information under certain circumstances. All questions about loans, and any concerns you may have should be directed to your lender. These loans are intended as short-term financial solution to satisfy borrowers’ needs for immediate monetary relief. This is not intended to be part of a long-term financial plan for individuals. These services are not offered in all states. Potential borrows may undergo credit check if lenders choose to use any of the major credit reporting bureaus, including Equifax, Trans Union and Experian. They may also use other alternative sources to check credit ratings. Your request for a loan constitutes your agreement and acknowledgement that (A) your personal data may be shared with lenders and perhaps other third-party partners, and (B) lenders can acquire credit bureau reports that detail your credit history. Reports from major credit bureaus, such as Equifax, Experian and TransUnion may be obtained and used to evaluate your reliability as a borrower.

1Loan amounts by the lenders vary based on qualifications.

2Since we do not lend money directly we cannot offer you a solicitation for a loan. In all serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans are not available in all states and all areas.

3Loans such as, Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan. Other types of loans may have pre-payment penalties as well.

4All lenders are responsible for their own interest rates and payment terms. Max Cash has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

5The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you. Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time, in the circumstance for an auto title loan. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically, larger loans or higher risk loans use a GPS.

In some circumstances faxing may be required. Use of your cell phone to receive updates is optional. Please review our privacy policy.

Loans such as Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long-term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

Signature and personal loans are only available in Georgia and Florida. Loan amounts differ at locations. Account approval requires satisfaction of all loan eligibility requirements, including a credit inquiry, and, if applicable, motor vehicle appraisal.

Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

© 2020 Tradition Media Group, LLC MaxCash. All Rights Reserved.