|Personal Information - name, address, phone number, date of birth, social security number, driver's license, email address.|
|Income Details - income source, pay frequency, pay method, monthly income|
|Bank Specifics - bank name, account type, bank account, and routing numbers, bank user ID, and password|
An installment loan is a type of personal loan where a set amount of money is borrowed, also known as the loan amount. The loan is then repaid over a fixed number of equal payments, called installments. Installment loans typically have fixed payment amounts, meaning the amount generally doesn't change over the life of the loan, although returned payments, late payments, and non-payments may result in additional fees or charges that may impact your final payment. A reputable company will disclose all the payment terms including amounts and dates before you sign the loan agreement. Compared to payday loans, installment loans generally offer more time to repay, typically ranging from 3 to 24 months.
Versatility is one of the main attractive features of an installment loan. You can get an online installment loan to pay for various things like an emergency purchase, such as a vehicle repair, a new set of tires or to help pay off bills. A personal loan, also known as a type of installment loan, could be used for a variety of purchases. For example, they can be used to pay for:
|Short-Term Financial Needs - Always expect the unexpected. Then, when it happens, have a plan to get your short-term financial needs met.|
|Vehicle Repairs - When auto troubles strike, get the money you need for repairs fast.*|
|Family Emergencies - Your family depends on you. Depend on us when you need it most.|
|Major Purchases - Need to make a major purchase? You could get the funds you need as soon as tomorrow.*|
Big Picture Loans offers no hassle, bad credit, or fair credit, online installment loans between $200 and $3,500. With valid contact information and a valid bank account, your application can be quickly processed, with money deposited into your account as soon as the next business day* for installment loan applications approved before 5:00 pm CST. Plus, timely repayment of your personal loan can reduce the interest amount paid on any future loans. So don't settle for a typical cash advance or payday loan, apply for a Big Picture Loans Installment Loan today!
One benefit of installment loans, in many cases, is that they come with fixed payments. The core components of the fixed payments of a fixed interest rate loan will typically remain the same every month until you pay off your loan. However, in some cases, the last payment may differ based on payment history.
A fixed payment amount along with a fixed scheduled payment make it easier to budget for your loan payment each month. This could help avoid missing a payment since it is an expected expense.
Another benefit of installment loans is the comfort of knowing your loan debt will be paid off by a specified date or possibly sooner if you make additional principal payments. After you're done paying the number of installments as required in your loan agreement, your loan should be paid off in full.
Get approved in just three steps!
Step 1: Apply
Step 2: Select loan amount (up to $3,500)
Step 3: Get approved