If you just can't wait, feel free to see the sneak peek below. By submitting your request, you agree that your information can be checked by the lenders or third party providers in order to determine your creditworthiness. The maximum amount is $5000. Watch out for lenders advertising online loans for bad credit or loans with no credit check. Say YES to responsible borrowing and lending. Our loan amounts range from $500 to $5,000 depending on your state of residence. We will never charge you any "hidden fees" that are not fully disclosed in your Agreement or the Rates & Terms. The approval process is handled entirely and independently by the lenders, as does the amount of time it takes to transfer the funds to your bank account in case of a positive decision. Although there are some similarities between them, there are some big contrasts borrowers need to be aware of. Application approvals and the amount of any credit for which you may be approved are subject to minimum income requirements and vary by state. An installment loan could be a good option for anyone who is building credit, needs money quickly and can make regular repayments. Get started below to see if GuideToLenders works for you. What can you do with an installment loan? Have more questions about Online Loans in Alabama with MoneyKey, or the borrowing process in general? In the State of South Carolina, you can withdraw the total credit available to you all at once, or in smaller amounts over time as you need it, with a required minimum draw of $610. We make online loans fast despite good or bad credit. For an Alabama Installment Loan, you can borrow between $2,000 and $2,600. © Copyright 2019, SDL365 Financial Choice, LLC. When you’re short on cash and need it fast, MoneyKey is one of the loan companies in Alabama that may be able to help. Borrow what you need, when you need it with a RISE installment loan. After the lender completes their review, the applicant is notified in writing of the decision to approve or decline the loan. A home mortgage, for example, is a type of installment loan. With a Wise Loan installment loan, you get a better experience than a payday advance loan. Check out our Rates & Fees. If you choose to pay off your loan early, you will not have to pay the penalty with most lenders. There are many advantages to taking out an installment loan online, including a typically easy application process, fast approval and money in your checking account in a matter of a few business days. Approval for credit and the amount for which you may be approved are subject to minimum income requirements and vary by state. An installment loan is a cash loan that you pay back with a fixed number of regular, equal payments over a set amount of time. Unlike brick-and-mortar loans, online installment loans let you to shop, compare and apply from the privacy and comfort of your home. If you aren’t able to pay off a loan in one lump sum, an installment loan could be a good fit for your financial situation. RISE is in your corner with installment loans that can be paid back over time. Usually, these are: There are diverse reasons why people in need of money choose an installment loan: With these loans, you get to enjoy the following benefits. Have you ever experienced a situation where you were supposed to cover sudden expenses? Stay tuned. A home mortgage, for example, is a type of installment loan. At RISE, we offer loans from $500 to $5,000 for up to two years. MoneyKey offers $2,000 to $2,600 online Installment Loans in Alabama. An Installment Loan is a short-term loan with payments that are spread out over time. To see loan products offered in your state of residence, please visit our Rates and Terms page. You have to live in Alabama to get an online Alabama Installment Loan. Loans are funded by MoneyKey – AL, Inc. and governed by all applicable laws. Request a loan through our service at no cost. In most cases, buying a car requires a down payment. These kinds of online loans may have higher interest rates and unusual terms and penalties. We not only offer a secure web platform to apply for an Alabama Installment Loan, but we also have a fully-staffed, friendly and knowledgeable Customer Care team available 7 days a week to answer any loan-related questions you may have. Neither company has the authority to evaluate a credit application on behalf of the other. Apply for easy approval installment loans from direct lenders only such as - CashAmericaToday! Still, you can mix distinct types of loans. The purpose of the website is to connect potential borrowers with the lenders, third parties or providers who might be able to issue the types of loans that the consumers may search for. Please refer to our general FAQ page or contact our Customer Care team at 1-866-255-1668. This service is not intended to provide a solution for all credit or other financial needs. How do you apply for an installment loan? On-time payments deserve to be rewarded.**. Complete disclosures of APR, fees and payment terms are provided within your Agreement. In most cases, people take out installment loans when they need to cover unexpected expenses -- like car repairs or hospital bills -- or if they need extra money for a specific event, like a down payment on a car. In this example, the APR is 218.96% for a loan of $2,000, payable in 18 monthly installments, with an effective date of 07/12/2017. Reviews and any ratings referenced are based on Trustpilot reviews. Spend the money solely on the pre-established goal. Be sure you fully understand the terms and conditions of your credit before signing your agreement. No matter the preferred method of requesting a loan, you need to meet several eligibility criteria in order to get approved: The repayment term of installment loans is usually set before the funds reach the borrower’s bank account. Similarly to payday loans, online installment loans are perfect for urgent situations or times when the paycheck is not enough. Definitely. All Rights Reserved. An installment loan is a cash loan that you pay back with a fixed number of regular, equal payments over a set amount of time. However, you may qualify with GuideToLenders. An installment loan is sometimes confused with an instant payday advance. However, RISE may obtain information from Teletrack, which will be a hard inquiry and may affect your overall credit profile with this bureau. RISE is offered only to residents in states where permitted by law. nstallment loans allow you to pay off unsecured debts, such as multiple credit cards, with one, easy-to-manage regular payment. We believe a brighter financial future starts with access to affordable credit. How are RISE installment loans different? A payday loan is a short-term loan where you are typically required to pay back the loan in full on your next payday. The CC Flow Line of Credit is available through MoneyKey. 4150 International Plaza, Suite 300 Fort Worth, TX 76109. • Build credit: With free Credit Score Plus, we’ll give you instant access to your credit score plus free credit alerts and financial education tools to help you build better money habits and improve your financial future. Health related problems and medical bills. Applications submitted on this website may be originated by one of several lenders, including: CC Flow, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. With an online installment loan, the loan process is managed online by specialized lenders (like RISE). Lenders are open to terms that vary between 14 and 24 months making long-term loans possible. Rather than relying on high interest credit cards or depleting a savings account, many people opt to get the money they need to pay for home repairs or improvements with an installment loan. If you receive your income monthly, your loan will be payable in 18 installments. For specific funding cut-off times, click here. RISE is designed to help you meet your borrowing needs. To obtain credit, you must apply online and have a valid checking account and email address. As soon as you admit the chance of missing a payment, we suggest you communicate it to your lender. Consider an installment loan! Stay tuned. Other people use installment loans to pay off credit card balances or consolidate debt. No dirty tricks! That means you loan approval is instant and funds will be deposited in your account on the same day. If your credit score is poor, an installment loan could be the best solution, if compared to a payday loan. FORMER: Applying will not affect your FICO® score. By submitting your information you agree to our Privacy Policy, Terms of Use. **You may request a draw from your Line of Credit at any time, so long as you have available credit and your account is in good standing. If approved, we’ll typically deposit the money in your account the next business day*. Our website is open 24/7, 365 days. • Progress to better rates: We believe a brighter financial future starts with access to affordable credit. With an online installment loan, the loan process is managed online by specialized lenders … Installment loans can help you overcome tough financial issues. The Alabama Installment Loan term is approximately 18 months, so if you receive your income bi-weekly, semi-monthly or weekly, your loan will be payable in 36 installments. Disclaimer: RISE and the partner above are independent companies. What are the advantages of online installment loans? So far we’ve dropped the rates of more than 150,000 customers! If you need a same day loan that is instantly approved by direct lender and does not harm your credit score, then payday advance from Hummingbird Loans is the best alternative to third party lending companies and bank loans… To qualify for a MoneyKey Installment Loan in Alabama, you must: Please note that we currently do not offer credit products with rates that allow us to lend to covered members of the US armed forces and their dependents. Refer to Rates & Terms for additional details. If you fail to repay in accordance with your terms, we may place or sell your debt with a third-party collection agency or other company that acquires and/or collects delinquent consumer debt. SDL365 does not guarantee that by submitting a loan application you will be automatically approved for a loan. Legitimate direct installment lending is done through online form. Not all applications are approved; duration of approval process may vary. Interest will be charged on your MoneyKey Alabama Installment Loan, with a maximum Annual Percentage Rate (APR) of 220%. If you don’t make a payment on time we will attempt to contact you via one or more authorized methods. In some cases, we may not be able to verify your application information and may ask you to provide certain documents. No, borrowers get one installment loan at a time. How do installment loans compare to payday loans? If you don’t agree with terms, cancel the loan offer for free. The typical use for an installment loan is to pay for unexpected expenses or emergencies, like an urgent car repair. That’s why we’ve committed to lowering our rates. Product availability varies by state. Our online application is fast and we can get you funds as soon as tomorrow*—plus, you can choose your repayment schedule. Lenders inform about approval on the same day you apply. If you live in another state, please check our rates page to see if other online loans such as Installment Loans, Payday Loans or Lines of Credit are available in the state that you currently live in.