Installment Loans in Bayard, Iowa

What are Installment Loans in Bayard, Iowa?

Installment loans are a popular type of loan in Iowa, including Bayard. These loans are available to those who need to borrow a specific amount of money but cannot pay it back in one lump sum. Instead, borrowers can pay back the loan in regular installments, hence the name.

Installment loans have become a popular option for people who need money quickly, but also want to avoid the high-interest rates and short repayment periods that come with payday loans.

Benefits of Installment Loans in Bayard, Iowa

If you are considering an installment loan in Bayard, Iowa, there are several benefits that you should know about:

• Flexible repayment terms: Installment loans allow you to pay back the loan in smaller, more manageable payments over a longer period, typically ranging from a few months up to a few years.
• No collateral: Unlike other types of loans, like car loans or mortgages, installment loans in Bayard, Iowa do not require collateral. This makes them an attractive option for people who don’t have valuable assets.
• Quick access to funds: Most installment loan applications are processed and approved quickly, meaning you can usually get the money you need within a day or two of applying.
• Low interest rates: Compared to other types of loans, like payday loans, installment loans have lower interest rates, making them a more affordable borrowing option in the long run.

What are the Requirements for Getting an Installment Loan in Bayard, Iowa?

The requirements for getting an installment loan in Bayard, Iowa vary by lender and by the amount you want to borrow. However, some of the general requirements include:

• Being at least 18 years old
• Having a valid government-issued ID
• Having a regular source of income
• Having an active checking account
• Having a valid phone number and email address

If you meet these requirements, you can apply for an installment loan through TheGuaranteedLoans, a trusted connector service. Keep in mind that TheGuaranteedLoans is not a direct lender and will only connect you to potential lenders that best fit your needs.

Interesting Facts and Statistics about Installment Loans in Bayard, Iowa

• According to the Iowa Division of Banking: The number of non-bank lenders offering installment loans increased by 79% from 2012 to 2016 in Iowa.
• The average interest rate for installment loans in Iowa is: 30%, according to a 2018 report by the Iowa Policy Project.
• The most popular reason for taking out an installment loan in Iowa is: to cover unexpected expenses, according to a 2016 report by the Pew Charitable Trusts.
• The average amount borrowed for an installment loan in Iowa is: $1,000, according to a 2018 report by the Iowa Policy Project.

Apply Now for an Installment Loan in Bayard, Iowa

If you need money quickly and want to avoid high-interest rates and short repayment periods, an installment loan through TheGuaranteedLoans may be the right option for you. Applying is easy and can be done online through our website.

Keep in mind that TheGuaranteedLoans is not a direct lender and will only connect you with potential lenders that match your specific needs. Apply now and get the money you need fast.