Installment Loans in Anchorville, Michigan

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No installment loan companies in Anchorville, MI. Consider companies in other cities:

Company nameAddressZip codePhone number
Approved Cash 2809 Capital Ave SW, Battle Creek, MI 49017 +1 (269) 979 - 1753
Huntington Bank 800 S, US-131, Three Rivers, MI 49093 +1 (269) 273 - 0644
Huntington Bank 105 W Middle St, Williamston, MI 48895 +1 (517) 655 - 4371
Instant Cash Advance 2207 US-23, Alpena, MI 49707 +1 (989) 354 - 6032
Independent Bank 1004 W Midland Rd, Auburn, MI 48611 +1 (989) 662 - 4403
Advance America 1003-B 24th St, Port Huron, MI 48060 +1 (810) 982 - 0902
Range Bank 100 N Front St, Marquette, MI 49855 +1 (906) 226 - 4040
Metro Cash Advance 28051 John R Rd, Madison Heights, MI 48071 +1 (248) 543 - 8611
Liberty Tax and Loans 5145 Gull Rd, Kalamazoo, MI 49048 +1 (269) 381 - 1408
Flagstar Bank Home Loan Center 5151 Corporate Dr, Troy, MI 48098 +1 (877) 374 - 3562

Installment Loan Companies in Nearby Cities

If there are no installment loan companies in Anchorville, MI, you can try to find different companies in big cities nearby. Check out the following pages here: Installment Loans in Muskegon, MI, Installment Loans in Novi, MI, Installment Loans in Pontiac, MI, Installment Loans in Portage, MI, Installment Loans in Roseville, MI, Installment Loans in Royal Oak, MI, Installment Loans in Saginaw, MI and Installment Loans in Saint Clair Shores, MI. 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 Anchorville, MI.

What are installment loans?

Installment loans are a popular type of loan that allows borrowers to pay back the loan amount in scheduled installments over a period of time. These loans are different from payday loans or cash advances, which require borrowers to pay back the loan amount in full by their next paycheck. Installment loans provide a more flexible repayment option and can typically be utilized for a variety of financial needs.

Are installment loans legal in Anchorville, Michigan?

Yes, installment loans are legal in Anchorville, Michigan. According to Michigan law, installment lenders must be licensed by the Department of Insurance and Financial Services. The maximum loan amount allowed by law is $6,000 and the maximum term of repayment is 60 months. Additionally, the interest rates are capped at 25% for the first $1,000 borrowed and 9% for any amount over $1,000.

How do installment loans work?

Installment loans typically require borrowers to provide proof of income, employment, and residence. The lender will then review this information and determine if the borrower is eligible for the loan. If approved, the lender will provide the borrower with a loan amount, repayment schedule, and interest rate. The borrower will make payments in accordance with the repayment schedule until the loan is paid off in full.

What are the benefits of installment loans?

  • Flexible repayment options
  • Fixed interest rates and fees
  • No collateral required
  • Quick and easy application process
  • Can be used for a variety of financial needs

Interesting Facts About Installment Loans in Anchorville, Michigan

  • Michigan has one of the highest percentages of unbanked households in the United States, with 7.3% of households lacking access to traditional banking services. This has led to an increase in demand for alternative financial services, such as installment loans.
  • According to a report by the Center for Responsible Lending, the average interest rate for installment loans in Michigan is 139%.
  • In Michigan, borrowers can take out multiple installment loans at the same time, as long as the combined amount does not exceed $6,000.

Apply Now

Ready to apply for an installment loan in Anchorville, Michigan? TheGuaranteedLoans can help connect you with potential lenders who can offer you competitive rates and terms. Fill out our online application now to get started. Please note that TheGuaranteedLoans is a connector service and not a direct lender.

Useful Articles

Anchorville, MI installment loan calculator

Advise to read before applying

F.A.Q. About Installment Loans

Can I get No Credit Check Loan in Anchorville, MI?

Yes, you can get a no credit check loan in Anchorville, MI when you apply online.

How to Get a Bad Credit Loans in Anchorville, MI?

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

Look for Installment Loans in Other Cities:

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