What Is an Installment Loan?

You want to take out a loan, but you also want to be able to pay back this loan over a few months. Though you have heard of payday loans, you’re worried you won’t get enough funding. Plus, you know that payday loans typically need to be paid back by your next paycheck, and you will need more time. Is there something else you can do?

A short-term installment loan may be the answer. Centsible by Blue Trust Loans is here to explain what installment loans are and how this alternative to payday loans may be able to help you get the funding that you need. If you complete the application process in time on a business day, you also may qualify for Same Day Funding.*

How Does an Installment Loan Work?

Similar to a payday loan, an installment loan is money that you borrow from a lender where you receive the funding as one lump sum. But unlike a payday loan, you pay an installment loan back in installments. Before accepting the funds, you make an agreement with the lender to pay back this loan, with interest, over a set amount of time. You are told upfront how much each payment will be so that you can budget to pay back the loan accordingly.

Does Blue Trust Loans Offer Installment Loans?

In short, yes. Blue Trust Loans is here for you. We offer everyday solutions to help you with your financial needs. You can easily apply for an installment loan online. You may qualify for up to $3,000. On top of that, we offer 9 to 10 months for repayment, depending on customer rewards status. We have flexible repayment options available and no prepayment penalties.

How Do I Get an Installment Loan From Blue Trust Loans?

If you are ready for quick funding from Blue Trust Loans, click here to go to the application. If you aren’t sure if you would like to apply for a loan because you still have questions about the process or how loans work, don’t worry. We’re here when you need us, 24-7. Just give us a call at 877-770-2682. We can answer loan questions you may have and also help you apply by phone. You might even qualify for Same Day Funding.*

*Same Day Funding is available on business days where pre-approval, eSignature of the loan agreement, and completion of the confirmation call, if a call is required, have occurred by 11:45 a.m. Eastern Time, and a customer elects ACH as payment method. Other restrictions may apply. Certain financial institutions do not support same -day funded transactions. When Same -Day Funding is not available, funding will occur the next business day.

The content on this site is for informational purposes only and is not professional financial advice. Blue Trust Loans does not assume responsibility for information given. All information should be weighed against your own abilities and circumstances and applied accordingly. It is up to the reader to determine if this information is safe and suitable for their own situation.

Hummingbird Funds, LLC is a sovereign enterprise, an economic development arm and instrumentality of, and wholly-owned and controlled by, the Lac Courte Oreilles Band of Lake Superior Chippewa Indians (the “Tribe”), a federally-recognized sovereign American Indian Tribe. This means that the Hummingbird Funds’ installment loan products are provided by a sovereign government and the proceeds of our business fund governmental services for Tribe citizens. This also means that Hummingbird Funds is not subject to suit or service of process. Rather, Hummingbird Funds is regulated by the Tribe. If you do business with Hummingbird Funds, your potential forums for dispute resolution will be limited to those available under Tribal law and your loan agreement. As more specifically set forth in Hummingbird Funds’ contracts, these forums include informal, but affordable and efficient Tribal dispute resolution, or individual arbitration before a neutral arbitrator. Otherwise, Hummingbird Funds is not subject to suit or service of process. Nothing in this website is intended to waive or otherwise prejudice Hummingbird Funds’ entitlement to these protections. Neither Hummingbird Funds nor the Tribe has waived its sovereign immunity in connection with any claims relative to use of this mobile site. If you are not comfortable doing business with a sovereign instrumentality that cannot be sued in court, you should discontinue use of this website.