Installment loans – Online loans
Payday loans in installments
Nowadays, non-bank loans via the Internet are very popular. Being able to do everything without leaving your home, quick response to a loan application, high loan granting, no guarantors and minimum formalities are just some of the benefits of online loans. Payday loans and installment loans (referred to by some as payday loans in installments) become a solution to many people’s temporary financial problems.
Payday loans are short-term loans granted for relatively small amounts with a repayment period of usually 30 days, which can be obtained even on the day of completing the loan application. Installment loans, commonly known as payday installments, are often granted for a higher amount than traditional payday loans with a repayment period of up to 36 months. Installment loans are usually repaid in equal monthly installments.
On our site we have collected non-bank loans in installments available via the Internet. The list is constantly updated.
How to choose the right installment loan?
First, narrow down the group of loan companies to those that meet your requirements, i.e. they allow you to receive a specific installment loan amount for a period of time you choose. Then check if you meet the requirements of lenders, e.g. age criterion, minimum income, no negative entries in the database registers. Each loan company has its own rules for granting payday loans in installments, hence rejecting a loan application in one company does not mean that you will not receive a loan in another. When choosing the final offer, take into account the cost of loans. Use the calculators available on the lenders’ websites. Carefully read the installment loan framework agreements.
For how long and for how much can I receive the installment pay?
Many people choose installment loans online instead of payday loans because of the higher amount they can apply for. Let’s look at how much we can borrow and for how long, if we decide on a non-bank loan in installments via the Internet. Profit Loan offers the largest loan amount – PLN 25,000 with a repayment period of 36 months. We can apply for PLN 20,000 at Snofer, while we can get PLN 15,000 at CashNow. The maximum repayment period of these installments is 36 months. Loans up to PLN 10,000 can be obtained at OutCredit, truloan and Nominent. Loans for smaller amounts are available, among others in Spatyor (PLN 5,000), Loan Koi (PLN 5,000), Snapi Loans (PLN 7,500) or in Demilo (PLN 1,000).