Payday Mart's installment loans are the best way of borrowing money when you need a loan with a longer time of repayment. A short definition of installment loans would be a loan that can be repaid in small regular installments over time. Nowadays, installment loans are the most popular loan service in the Canada after payday loans.
The difference between payday loans and installment loans is that payday loans have a repayment time period of 1-3 months while in the installment loans; you can pay off your loan amount over a longer period of time between 1-3 years. These loans are also associated with bad credit loans and it means that people with bad credit or low credit score are also welcome to go for installment loans.
How Does an Installment Loans Work?
Installment loans are popular day by day because of its longtime of repayment and easy availability. You can borrow money for any reason like a wedding, home renovation, travel, medical or any other personal reasons. You can easily pay off your loan amount over a set length of time from few months to certain years. Suppose you need a small loan of CA$2000 to cover the financial gap arising after your wedding, then short term online installment loans is the best solution.
If you need a larger amount of money to cover your medical expenses or want to renovate your house for coming Christmas, then it probably required a loan with longer payback time. Our online installment loans give you enough time to pay back your loan amount over a time period of 3 years or more but you can't be panelized for early loan repayment.
Getting Installment Loans from Payday Mart is Much Easier
Applying for installment loans Payday Mart is much easier because we are providing online, open and ready to use a platform. In the Canada, traditional bank's lender also offers installment loans but you have to go into their brick and mortar offices, which mean you, have to take a full leave from your work in order to meet the lender in business hours.
The interest rates on these traditional loans are much higher and also there is a hidden trap of upfront fees, penalties that you may not aware of. Taking the loan from banks is the very time-consuming process because you have to fax your documents to the lender and also checking your credit history for approval.
But in this modern and digital age, who needs paper? When an everywhere commercial transaction is taking place online, that's why Payday Mart terminates all these hassles and make its application process 100% online from the loan application, approval and money transferred.
Installment Loans are Best Choice for All Your Unexpected Financial Troubles
Payday Mart's installment loans are the best help for you to handle those unexpected financial troubles that you did not plane in your monthly budget. Most of the people have a fixed and limited monthly budget in which it is impossible to engross such unforeseen expenses like you are ready to ahead for work but your car can't start and need repair.
It may be possible for you to gain the money from your next salary or you are able to save some cash for your next expenses, but some financial situations are not waiting and have to treat immediately. Your credit card may be a hope in such conditions but you have to pay high fees and interest rates, it may increase your financial burden more.
How Can Online Installment Loans Help Me?
- When you face any unexpected financial trouble, then installment loans give you the cash relief,
- You get the money from the lenders, who are interested in helping you to meet all your short term cash needs,
- Your online application processed fast and without any annoyance,
- You get the exact amount of money that you need and
- Even people with bad credit can also apply for installment loans.
Hit the application button and get started to receive money from your online installment loans.
It won't hurt your credit score.
Cathy Henry is a professional content writer mainly in the niche of finance and loans. She is completing her Bachelors in Cinema Studies and English literature from University of Illinois. She love to watch cookery shows, listening soft music and want to discovering new culture and places.
User from Cambridge, ON
Was approved for a loan.
2 hours ago