One great benefit of installments loans is the ease with which you can obtain one. There are very few requirements you have to satisfy to receive a loan. For example, you must be at least 21 years old. You also must be a permanent resident of the United States. You need a working telephone number and a valid email address. You also need to have steady, verifiable income. You may assume that, because you fall below a certain income level, you are not eligible for any type of loan. That is not necessarily the case for installment loans. You also do not need perfect credit to qualify. If you have a smaller income, you can still get a quick loan with a clear payment schedule as long as you satisfy a few income requirements. To get an installment loan, you must have a steady income that is enough to cover your monthly payments. Saved By Cash will provide the terms of your loan to you when you apply for a loan. Another benefit of installment loans is the repayment timing. You are not required to pay back your loan in a short time. Instead, you will repay your installment loan over a six, nine, or twelve month term. This prevents any burden to your monthly budget. You should be aware that repayment over a longer time period is not an option for all loan types. You may have to repay some types of loans much faster using larger payments. You can also repay Saved by Cash installment loans over a shorter term and save on finance fees. Saved by Cash does not charge fees for early partial or complete repayment.

If you’re like many consumers, you may be aware of the risks and disadvantages that come with using traditional payday loan services. With a traditional payday loan, you receive your loan and then typically have two weeks to pay back everything you borrowed, plus interest, and finance charges! Paying all of this money back at once can be problematic for your budget! If you don’t have the funds available to do so, you end up getting charged high penalties. This makes payday loans a bit risky for your finances.

Unlike traditional payday loans, online Installment Loans from Saved by Cash offer more flexible repayment options while still providing the funds when you need them.

The advantages of an online Installment Loan versus a traditional payday loan:

• • You pay back the loan over time, instead of an expensive one-time payment;
• • You can prepay the loan ANY TIME without any penalty;
• • Additional payment options are available if you choose not to use the direct debit system;
• • Fixed loan payments are generally easier to manage.

You also enjoy the same advantages you get from traditional payday loans:

• • Get pre-qualified online;
• • Loan funds typically get deposited directly to your bank account once approved;
• • No faxing documents;
• • Safe, secure, confidential online application.