Welcome to Tyler Installment Loans!
What Are Installment Loans?
Each of us can find ourselves face to face with financial problems without having enough savings to beat them. Sometimes you can seek help from family members or friends. But what if you need some significant amount your loved one can’t lend you right away? The situation may get even worse if you have bad credit and can’t count on assistance from traditional financial institutions. Fortunately, we have a solution for you!
When payday loans are not enough to cover your needs, and personal loans are challenging to get because of your credit history issues, that is the moment when installment loans come in to give you the assistance you need. Tyler Installment Loans offers long-term cash advances with no credit check, instant loan decision, and fast money funding. You’re welcome to get a loan within 24 hours and turn the money back in fixed monthly payments. And yes, we consider bad credit borrowers too!
How Do Personal Installment Loans Work?
An installment loan is a type of emergency borrowing with a flexible loan term and a loan amount of up to $5,000. Unlike a typical payday loan, an installment loan offers affordable monthly payments to make your debt easier to repay. Installment loans feature repayment terms of 3 to 24 months. That is why long-term installment loans are less stressful compared to payday loans. Instead of repaying your loan cost in one lump sum, you can make small fixed payments within the loan terms without overburdening yourself.
An installment personal loan is an unsecured loan that doesn’t require collateral. It also has no restrictions on a loan purpose, so you can use the loan amount for any personal needs, from debt consolidation to paying for your daily essentials. As installment cash advances are fast and easy to get, people typically obtain them to cover their financial emergencies. You can access the loan amount in your checking account as soon as the next business day after getting loan approval.
An installment loan may also be a good long-term solution for borrowers with poor credit. Direct lenders are usually focused only on your ability to turn back the money, not your credit score. Thus, if you can prove there will be no problems with making on-time payments by verifying your income and employment status, you’re welcome to apply.
In most cases, an installment loan is a fixed-rate loan. As lenders offer fixed interest rates, you may be sure your monthly payments stay predictable within the loan lifetime. However, an installment loan APR may be pretty high. The exact interest rate you will get depends on the direct lender, your state, credit usage history, income, debt-to-income ratio, credit score, and other factors.
How Much Does an Installment Loan Cost?
Before you obtain an installment loan, you should know the loan amount you borrow is not the total cost you need to repay to a lender. All loans always come with interest rates, lender fees, or some additional charges. While the sum of your loan origination fee is usually deducted from a disbursed loan amount, an interest rate is an amount you will have to repay in addition to your loan proceeds.
Installment cash advances are usually considered expensive. They may have an APR from 16% to 100%. Thus, if you get a $2,000 loan with a 12-month repayment period and 36% APR (an average interest rate for bad credit loans), you’d make 12 installments of approximately $201. Your total interest amount will be about $412.
What Are The Best Installment Loans?
The best personal loan is the one with flexible loan terms, suitable maximum loan amounts, and reasonable rates. At the same time, what is considered minimum loan amounts for some people may be the maximum ones that others can afford. Therefore, it’s hard to say what type of installment loan will be the best for you without knowing your situation.
At Tyler Installment Loans, we always use an individual approach before offering you a loan option. Whatever your needs are, we do our best to help you find the right solution in accordance with your needs.
Reasons for Getting an Installment Loan
As installment cash advances allow you to borrow large amounts with one lump sum direct deposit to your bank account, it may be used to cover some of your long-term needs. Here are some reasonable purposes for getting an installment loan:
Emergency expenses
Use an installment cash advance to pay rent, cover medical expenses, utility bills, or repair works;
Debt consolidation
Many people use installment loans to consolidate debt by combining all their existing loans into one at lower rates. It also allows them to save money on interest in the long run;
Home improvement
If you need to redesign your home or just a single room in it, an installment loan may also be a good option.
Credit card debt
Use an installment cash advance to pay off your credit card balance and avoid high overdraft fees.
Installment Loans Bad Credit – Can I Get One?
Unlike traditional personal loans, bad credit installment loans allow you to borrow money with no minimum credit score requirement. Thus, you can get an installment loan with both good and poor credit. You can always count on our support if you meet our eligibility requirements.
Moreover, we usually don’t run hard credit checks through three major credit bureaus, so applying for a loan with us will not be reflected in your credit report and doesn’t affect your credit score. However, an installment loan can still hurt your credit in case of late or missed payments, so you should make sure the loan suits your budget before obtaining it.
Requirement for a Small Cash Loan
It’s usually very easy to qualify for an installment personal loan. Here are the things you need to apply:
Installment Loan Advantages
Installment cash advances generally combine all the best of what payday loans and personal loans can offer:
Easy application process
It takes you about 5 minutes to complete our loan application form;
Fast loan decision
We need just a few minutes to check your credit history details through alternative means and send you a loan decision;
No hard credit
No hard credit inquiry through credit bureaus in most states. Applying with us doesn’t lower your credit score;
Convenient loan payments
It is much easier to repay a significant loan amount when it can be divided equally among the number of months of your repayment period;
Flexible loan terms
You can influence the amount of your monthly payment by choosing the longer or shorter loan term;
Available with a bad credit score
Borrowers with any credit scores can get a loan if they meet our simple requirements.
How to Apply for Installment Loans for Bad Credit?
Bad credit installment loans have an easy application process. Here are some general steps you should take to apply:
- Complete a loan request form. Spend just a few minutes and fill out our application form to get started;
- Wait for a response. We check your data within 15 minutes and come back with a loan decision.
- Review and sign a loan agreement. Read your loan documents carefully before signing to have an idea about your loan conditions.
- Get the money. After final underwriting approval, the lender will transfer cash within one business day directly to your checking account.
- Repay the loan. In most cases, you don’t need to take any additional actions to make payments. The lender will withdraw money from your bank account automatically on the due date.
Where to Find Installment Loans Near Me?
There are many companies that offer installment cash advances besides banks and credit unions. Tyler Installment Loans has 1 branches across the US and offers modern lending solutions accessible to everyone. We are always happy to help needy people get back on their feet again. Find the store nearby and visit us within working hours to solve your money problems within 24 hours.
Apply With Tyler Installment Loans Today!
There are many companies that offer installment cash advances besides banks and credit unions. Tyler Installment Loans has 1 branches across the US and offers modern lending solutions accessible to everyone. We are always happy to help needy people get back on their feet again. Find the store nearby and visit us within working hours to solve your money problems within 24 hours.
APR Disclosure and Range
Tyler Installment Loans is not a loan provider. We do not have control over the APR you will undoubtedly be provided. We show a Rep APR just as it is based upon information offered from multiple loan providers. Certified customers can obtain lending with APR Rates ranging from 5.99% min to 35.99% max and fundings settlement duration of a minimum of 65 days, maximum 48 months. Your lending amount, APR, and repayment term will certainly vary based on your credit worthiness, state, as well as loan provider or lending partner.
Although some providers use rates from 5.99%, approximately 35.99% APR rates that are reduced are only available to specific clients. Essential Details: Some lenders and solutions may not come to homeowners of all States based on loan provider’s choices and regulations particular to that State.
The following table represents example prices, is for informational functions only, and might not show the real APRs supplied by your loan provider and/or borrowing companion. The settlement terms are for close-end funding products and do not reflect all car loan items provided in our network.
Loan Term (Repayment Period)
| Loan Amount | Interest Rate | Loan Term | Fee | Fee Cost | Repayment | APR | Total Repayments | Total Cost |
| $1,000 | 24.00% | 12 months | 3.00% | $30 | $94.56 | 29.82% | $1,134.72 | $164.72 |
| $2,000 | 19.00% | 24 months | 5.00% | $100 | $100.82 | 24.12% | $2,419.68 | $519.68 |
| $5,000 | 13.00% | 48 months | 8.00% | $400 | $131.67 | 18.23% | $6,320.12 | $1,720.12 |
| $10,000 | 7.90% | 60 months | 10.00% | $1,000 | $202.28 | 9.20% | $12,136.80 | $3,136.80 |
Representative Example
Suppose you applied for a $1,000 loan with a term of 12 months. It will have a total cost, including interest, of $1,134.72 with an APR of 29.82%. The interest rates are between 5.99% and 35.99% APR. Usually, the loan term length ranges from 3 to 48 months for qualified borrowers.
Interest Rates and Other Charges
As mentioned before, Tyler Installment Loans isn’t a moneylender, and we can’t foresee what charges and financing costs will be applied to the credit you will be advertised. Your bank will give all the vital data about the expense of the credit before you get endorsed. You should examine the loan understanding cautiously and acknowledge the offer just if you consent to every one of the terms.
Non-Payment Clauses
When you learn the agreements for a loan, you go into the obligation to pay back the sum you owe as per the particular timetable laid out in the reports. In the case of non-payment, extra charges might be applied. Late installment punishments shift by the lender. As JacintoFinance isn’t engaged with the loaning system, we can’t supply any data on the expenses you will cause if any default happens. For more data, if it’s not too much trouble, contact the lender straightforwardly on the off chance that you have any issues identifying with your loan repayment.
Potential Credit Score Affection
Tyler Installment Loans isn’t a lending company, and we don’t check your credit standing and credit limit. When you present a solicitation at our online stage, this is viewed as a delicate request and doesn’t affect your financial assessment. Be that as it may, a few banks might complete a credit check to determine your qualification for a loan. In all probability, they will go to any of the three significant credit agencies (Transunion, Experian, and Equifax) that are much of the time thinking about a complicated request and may influence your FICO report.
Collection Practices
Tyler Installment Loans isn’t a loan specialist. This way, we are not associated with any obligation assortment rehearses and can’t make you mindful of any of them. Your direct lender will determine their assortment rehearses in your loan understanding. On the off chance that you have any inquiries concerning the issue, kindly address them to your loan specialist.
Loan Reestablishment Arrangements
Loan reestablishment alternatives are not generally accessible. It is in this way prudent to explain whether the option is accessible with your lender. Make sure to painstakingly scrutinize the reestablishment strategy introduced in the understanding before you sign the archives.