Installment Loans in Putney, Kentucky

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No installment loan companies in Putney, KY. Consider companies in other cities:

Company nameAddressZip codePhone number
Eagle Finance 650 N Main St Suite 216, Somerset, KY 42501 +1 (606) 676 - 0899
World Finance 255 Wallace Wilkinson Blvd, Liberty, KY 42539 +1 (606) 787 - 1870
Omega Financial Services Inc 6439 Bardstown Rd, Louisville, KY 40291 +1 (502) 231 - 5464
Abound Credit Union 100 Kelly Dr, Bardstown, KY 40004 +1 (800) 285 - 5669
Alpha Credit Corporation 84 River Dr, Irvine, KY 40336 +1 (606) 723 - 6000
Mariner Finance 2606 Zion Rd, Henderson, KY 42420 +1 (270) 826 - 7702
World Finance Corporation 148 Pleasant Retreat Dr, Lancaster, KY 40444 +1 (859) 792 - 4828
Cash Express 274 KY-44, Shepherdsville, KY 40165 +1 (502) 543 - 4379
1st Choice Credit W Cumberland Gap Pkwy, Corbin, KY 40701 +1 (606) 528 - 2426
Republic Finance 1035 Vandercar Way Suite 1250, Florence, KY 41042 +1 (859) 282 - 0470

Installment Loan Companies in Nearby Cities

If there are no installment loan companies in Putney, KY, you can try to find different companies in big cities nearby. Check out the following pages here: Installment Loans in Florence, KY, Installment Loans in Georgetown, KY, Installment Loans in Hopkinsville, KY, Installment Loans in Louisville, KY, Installment Loans in Owensboro, KY and Installment Loans in Richmond, KY. 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 Putney, KY.

Understanding Installment Loans in Putney, Kentucky

Putney, Kentucky is a bustling town that boasts a rich history, vibrant culture, and a growing economy. Like other parts of Kentucky, the people of Putney often require credit to meet their personal and business needs.

One popular form of credit available to residents of Putney is an installment loan. This type of loan is legal and regulated in Kentucky, and offers borrowers the ability to obtain funds upfront and repay the balance over a fixed period.

What are Installment Loans?

An installment loan is a type of personal loan that allows borrowers to obtain a fixed sum of money and repay it over a fixed period in regular installments. Unlike payday loans, which require borrowers to pay back the total amount plus interest in one lump sum, installment loans provide borrowers with greater flexibility over their repayments.

Installment loans are designed for borrowers who need funds for large expenses but cannot afford to pay back the full amount immediately. Common examples of these large expenses include home repairs, vehicle purchases, medical bills, or education fees.

How Do Installment Loans Work in Kentucky?

In Kentucky, installment loans are legal and regulated by state law. This means that lenders must comply with the rules and regulations set forth by the state government in order to operate legally.

State law requires installment loan lenders in Kentucky to disclose all costs and fees associated with the loan, including the Annual Percentage Rate (APR) and finance charges. The maximum interest rate for installment loans in Kentucky is 36%, although lenders may charge additional fees.

To apply for an installment loan in Kentucky, borrowers must meet certain eligibility requirements set forth by the lender. Most lenders require borrowers to be over 18 years of age, have a valid Social Security number, and provide proof of income and residency. Borrowers with bad credit may also be eligible for installment loans, although they may need to pay higher interest rates or fees.

The Benefits of Installment Loans in Putney, Kentucky

  • Flexible repayment terms that allow borrowers to pay back the loan over a longer period
  • Predictable monthly payments that make it easier to budget and plan for expenses
  • Lower interest rates compared to other types of loans, such as payday loans
  • The ability to borrow a larger sum of money than with other types of credit
  • No collateral required to secure the loan

Interesting Facts and Statistics about Installment Loans in Putney, Kentucky

  • According to data from the Kentucky Department of Financial Institutions, over 227,000 installment loans were issued in the state of Kentucky in 2020, with an average loan amount of $1,909.
  • Among the top reasons cited for taking out installment loans in Kentucky were home repairs, medical bills, and auto repairs.
  • A report by the Center for Responsible Lending found that the average APR for a $2,500 installment loan in Kentucky was 117%, meaning that borrowers would have to repay $5,260 over the life of the loan.
  • According to the same report, Kentucky has one of the highest rates of installment loan usage in the country, with 1 in 5 residents having taken out an installment loan.

Apply Now for an Installment Loan in Putney, Kentucky

If you are a resident of Putney, Kentucky and need funds for a large expense, an installment loan may be a good solution. TheGuaranteedLoans can help connect you with potential lenders who offer installment loans with transparent terms and competitive rates.

As a connector service, not a direct lender, TheGuaranteedLoans provides a convenient and secure way to apply for a loan from the comfort of your home. Simply fill out our online application form and provide us with the necessary information. We will then connect you with potential lenders who may be able to offer you an installment loan that meets your needs.

Remember, before taking out an installment loan, always make sure to read the terms and conditions carefully and understand all costs and fees associated with the loan. Borrow only what you can afford to repay and avoid defaulting on your payments.

Apply now and get the funds you need to cover your expenses today.

Putney, KY installment loan calculator

F.A.Q. About Installment Loans

Can I get No Credit Check Loan in Putney, KY?

Yes, you can get a no credit check loan in Putney, KY when you apply online.

How to Get a Bad Credit Loans in Putney, KY?

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