Payday Loan 
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If you’re facing a financial emergency, an installment loan may be a viable solution. Installment loans are legal in Missouri and offer borrowers a more flexible repayment schedule than traditional payday loans.
At TheGuaranteedLoans, we help connect borrowers with lenders who can provide installment loans in Taylor, Missouri, and beyond. In this article, we’ll cover important information about installment loans and what you need to know before applying.
Understanding Installment Loans
An installment loan is a type of loan that gives borrowers access to a lump sum of money, which is repaid over time in equal installments. Borrowers can choose the amount they need and the length of their repayment period, which could range from a few months to several years.
Unlike payday loans, which typically have a repayment period of two weeks, installment loans allow for more time to repay the loan in small, manageable amounts.
Applying for an Installment Loan in Taylor, Missouri
To apply for an installment loan in Taylor, Missouri, you’ll need to meet certain requirements. The most basic requirements typically include:
- Being at least 18 years old
- A steady income
- A valid checking account
- A valid government-issued ID
Before applying for an installment loan, it’s important to understand the repayment terms and interest rates associated with the loan. Make sure you read the loan agreement carefully and ask any questions you have before signing it.
The Benefits of Installment Loans
There are many benefits to choosing an installment loan over other types of loans. Some of the most significant advantages include:
- Flexible repayment schedules
- Larger loan amounts than payday loans
- Lower interest rates than payday loans
Interesting Facts and Statistics
Did you know that the average amount borrowed for installment loans in Missouri is $1,195 and the average length of repayment is about 14 months? According to the Consumer Financial Protection Bureau, the average interest rate on installment loans in Missouri is 450%.
Apply Now
If you’re in need of an installment loan in Taylor, Missouri, TheGuaranteedLoans can help connect you with potential lenders. Keep in mind that we are not a direct lender, but a connector service that facilitates your connection with trusted lenders.
To apply for an installment loan, simply visit our website and fill out our secure online application. You will receive a decision from a lender in as little as a few minutes, and if approved, you could receive the funds in your bank account as soon as the next business day.
Conclusion
Overall, installment loans can be a helpful financial tool for those experiencing monetary difficulties. If you’re in Taylor, Missouri, TheGuaranteedLoans can help connect you with potential lenders and guide you through the process of applying for an installment loan. Remember to always read the loan agreement carefully and ask any questions you have before signing it.