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Long Term Installment Loans

Long term installment loans are actually a type of personal loans; and are good alternative of payday loans.

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Long Term Installment Loans

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  1. Long Term Installment Loans

  2. What are long term installment loans ? • Long term installment loans are actually a type of personal loans; and are good alternative of payday loans. These loans are borrowed for a longer duration of 12 to 96 months. Installment loans are good financial aid, when you face some unexpected expenses that are beyond your budget.

  3. Collateral Free • Long term installment loans are collateral free and so called as unsecured loans. Installment loans are best suited for to pay off your unexpected expenses like medical bills, debt consolidation and home renovation etc.

  4. How much amount can be borrowed? • With long term installment loans, you can borrow from $1,000 to $5,000 for a longer period of 12 months to 96 months. Final loan approval amount may depend on borrower’s credit score and repayment ability.

  5. Who can apply for installment loans? • Long term instalment loans can be applied by the who meet the following qualification: • USA Resident • 18+ years age • Receiving regular earnings • Hold active checking account.

  6. How to make repayment of installment loan? • As installment loans are long term loans, so borrowers get flexible repayment period from 12 months to 96 months. A fixed mutually agreed amount has to be paid each month by the borrower.

  7. Where installment loans amount can be used? • Once approved, installment loan amount can be used for any purpose like unexpected expense, medical bill, home renovation and debt consolidation etc.

  8. Are long term installment loans costly? • Yes! As installment loans are basically long term unsecured loans, so there is no need to pledge any collateral like your house or car to secure your loan. So, installment loans are slightly costlier as compared to traditional loans. Source: https://www.loansdart.com/

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