Installment Loans in Catharine, Kansas

Introduction

When you need some extra cash to cover unexpected expenses, installment loans can be a viable option. Unlike payday loans, installment loans are paid back in regular scheduled payments over a period of time, making them more manageable for borrowers.

What are Installment Loans?

Installment loans are loans repaid over time with a set number of scheduled payments. In most cases, these payments will be due monthly, bi-weekly or bi-monthly. These types of loans often come with a fixed interest rate, which means that the borrower can expect to pay the same amount of interest throughout the repayment period.

Are Installment Loans Legal in Catharine, Kansas?

Yes, installment loans are legal in Catharine, Kansas, as is the case in the rest of the state. Kansas law limits the amount you can borrow to $2,500. Lenders are also legally required to provide a repayment schedule to borrowers, indicating the interest rate and schedule of payments.

Benefits of Installment Loans in Catharine, Kansas

• Longer repayment period: With installment loans, you have more time to repay the loan which means your monthly payments may be lower, making it easier to fit into your budget.
• Fixed interest rate: Installment loans often have fixed interest rates, which means you’ll pay the same rate for the loan’s duration. This allows for more predictable payments which can help with budgeting.
• Lower interest rates: Compared to other types of loans such as payday loans and title loans, installment loans typically have lower interest rates which can help you save money in the long run.

Requirements for Applying for an Installment Loan in Catharine, Kansas

To apply for an installment loan, you’ll need to meet these basic requirements:

• You must be at least 18 years old
• You must have proof of income, such as pay stubs or bank statements
• You must have a valid form of identification, such as a driver’s license
• You must have an active checking account

Interesting Facts about Installment Loans in Catharine, Kansas

• The average consumer installment loan size in Kansas is $1,177
• In Kansas, the maximum loan term is 23 months for loans less than $1,000 and 36 months for loans greater than $1,000
• The average annual percentage rate (APR) for installment loans in Kansas is around 123%

Apply Now

If you’re considering an installment loan in Catharine, Kansas, TheGuaranteedLoans is here to help. As a connector service, we can help you connect with potential lenders and get the money you need. To start the application process, simply fill out our online application. Keep in mind that while we’re not a direct lender, we will work hard to find you a lender that meets your specific needs.