Installment Loans in Aurora, Kansas

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No installment loan companies in Aurora, KS. Consider companies in other cities:

Company nameAddressZip codePhone number
Landmark National Bank 1310 Baptiste Dr, Paola, KS 66071 +1 (913) 294 - 5324
Helping Hand Quick Cash 1909 N 14th Ave, Dodge City, KS 67801 +1 (620) 225 - 7999
Western State Bank 815 Center, Goodland, KS 67735 +1 (785) 899 - 2393
TitleMax Title Loans 1730 W 23rd St, Lawrence, KS 66046 +1 (785) 229 - 0972
Check 'n Go 800 A-B, Tuttle Creek Blvd, Manhattan, KS 66502 +1 (785) 537 - 6012
Fairway Independent Mortgage Corporation 4200 Somerset Dr Suite 101, Suite 101, Prairie Village, KS 66208 +1 (913) 660 - 8371
Walmart Money Center 2200 N State St, Iola, KS 66749 +1 (620) 365 - 6981
Mainstar Trust 214 9th St, Onaga, KS 66521 +1 (785) 889 - 4213
Peoples Bank and Trust 101 S Main St, McPherson, KS 67460 +1 (620) 241 - 2100
Golden Plains Credit Union 1714 E Kansas Ave, Garden City, KS 67846 +1 (620) 275 - 2151

Installment Loan Companies in Nearby Cities

If there are no installment loan companies in Aurora, KS, you can try to find different companies in big cities nearby. Check out the following pages here: Installment Loans in Leavenworth, KS, Installment Loans in Leawood, KS, Installment Loans in Lenexa, KS, Installment Loans in Manhattan, KS, Installment Loans in Olathe, KS, Installment Loans in Overland Park, KS, Installment Loans in Salina, KS and Installment Loans in Shawnee, KS. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Aurora, KS.

Introduction

When it comes to borrowing money in Kansas, installment loans are a popular choice for many people. These loans allow borrowers to pay back the money they borrow over a longer time, with smaller payments spread out over time. If you live in Aurora, Kansas, and are considering taking out an installment loan, it is important to understand the facts.

What Are Installment Loans?

Installment loans, as mentioned earlier, are loans that are repaid over time with fixed payments at regular intervals. They are typically larger than payday loans, which require full repayment on the borrower’s next payday, and often have lower interest rates.

Unlike payday loans, installment loans also have longer terms, meaning that borrowers can pay back the money they borrow over a longer period. These terms can range from a few months to several years, depending on the lender and the amount borrowed.

How Do Installment Loans Work?

When someone takes out an installment loan, they borrow a fixed sum of money from a lender, which they agree to pay back over time with set payments. These payments are typically made monthly, but can also be bi-weekly or even weekly, depending on the terms of the loan.

Installment loans can be secured or unsecured. Secured loans require collateral, such as a car or house, to back the loan. Unsecured loans do not require collateral, but typically have higher interest rates due to the greater risk for the lender.

How Are Installment Loans In Aurora Regulated?

In Kansas, installment loans are legal and regulated by the Kansas Office of the State Bank Commissioner, which ensures that lenders comply with state laws regarding lending and consumer protection.

State regulations specify that installment loans in Kansas cannot have an interest rate greater than 36% and that the full amount borrowed plus fees must be repaid within a set term.

Pros And Cons Of Installment Loans

Pros:

  • Flexible Repayment Terms: Borrowers can choose the length of time they need to pay back the loan, which is typically longer than payday loans.
  • Low Interest Rates: Installment loans can have lower interest rates than payday loans, making them a more affordable borrowing option.
  • Suitable For Larger Borrowing Needs: Because installment loans allow borrowers to borrow more than payday loans, they can be a better choice for people who need to borrow a larger sum of money.

Cons:

  • Longer Repayment Period: While the flexibility of installment loans can be a pro, a longer repayment period also means that borrowers will be paying interest for a longer period of time, potentially costing more in total.
  • Complicated Fees: Some installment loans have complicated fees that can make it difficult for borrowers to understand exactly what they are paying for.

Interesting Facts About Installment Loans In Aurora, Kansas:

  • Aurora, Kansas has a population of approximately 60,000 people, making it a smaller city in comparison to nearby larger cities like Wichita and Kansas City.
  • The average credit score in Aurora is 685, which is considered “fair” but can still make it difficult for some borrowers to obtain a loan from traditional lenders.
  • In 2020, the Office of the State Bank Commissioner received a total of 25 complaints regarding installment loans in Kansas, down from 79 in 2019.

Apply Now

If you are considering an installment loan in Aurora, Kansas, we encourage you to fill out an online application on our website. Please note that we operate as a loan connector service, meaning we do not directly lend money, but can connect you with potential lenders.

When using our service, you can rest assured that we work with only trusted and verified lenders who comply with all state and federal regulations. We strive to provide a safe, easy, and transparent experience for all borrowers.

Conclusion

Installment loans are a popular borrowing option for many people in Aurora, Kansas. By understanding the pros and cons of these loans, as well as the regulations in place to protect borrowers, you can make an informed decision about whether an installment loan is the right choice for your financial needs.

Installment Loans Available in Aurora, KS By The Following ZIP Codes:

67417

Aurora, KS installment loan calculator

F.A.Q. About Installment Loans

Can I get No Credit Check Loan in Aurora, KS?

Yes, you can get a no credit check loan in Aurora, KS when you apply online.

How to Get a Bad Credit Loans in Aurora, KS?

To apply for a bad credit loan in Aurora, KS, you need to find a direct loan lender online.