What is an Installment Loan?
If you find yourself in a situation where you need additional funds, an installment loan is one option you may want to consider. In contrast to short-term loans, installment loans generally offer larger amounts and are paid back over a longer period of time. They are repaid in increments, or installments, according to a repayment schedule established between you and your lender. The terms and conditions of installment loans, including the amount you’re eligible to borrow, vary from lender to lender.
Online Installment Loan
Various types of lenders offer long term installment loans, from banks to finance companies. Depending on the lender, you may have the option to apply online. One advantage of an online lender is that you can easily complete a secure and confidential application from the comfort of home. Online lenders often make a lending decision immediately, and if you’re approved, you’ll typically receive your funds within a few business days.
Keep in mind that the more money you borrow and the longer you take to repay those funds, the more interest will accrue and the more money you will ultimately owe. It’s always a good idea to consider the total cost of borrowing from various lenders when considering any type of loan.
NetCredit Installment Loans
At NetCredit, we provide installment loans up to $10,000. You can quickly and easily check your eligibility online without affecting your credit score. You’ll find out how much you may be able to borrow within minutes, and if you qualify, you’ll use the My RightFit Tool™ to personalize your loan details.
Through NetCredit, you’ll typically receive your funds by the next business day. And as you make timely repayments, you’ll even build positive credit history with two of the major credit bureaus. If you still have questions about installment loans through NetCredit, please review our FAQ page or contact us by phone or email!