Installment loans are set amounts of money you can borrow from a lender that come with fixed payments and interest. Repayment amounts and the loan interest rates may vary depending on the amount of the loan you’re borrowing and other factors. Installment loans can be secured or unsecured. At Blue Trust Loans, we offer short-term installment loans of up to $3,000 into your bank account as soon as today. We’re here when you need us, 24-7. Learn more about installment loans below.
What Is an Installment Loan?
You may be familiar with the term payday loan. If you’re looking for a way to borrow money, you can get approved by a lender for a payday loan alternative called an installment loan. Unlike payday loans, installment loans do not need to be repaid all at once. Once approved, you’ll receive a lump sum of money and will have to repay the loan over a set term, in regular, scheduled payments called installments.
Types of Loans
There are different types of loans when it comes to installment loans such as home loans, auto loans, personal loans, and student loans.
Installment loans are either secured or unsecured. Secured loans require collateral as security against the loan while unsecured loans do not require this type of collateral.
Benefits of Installment Loans
Out of the loan options available to you, installment loans offer predictability. The pros of installment loans are:
- Fixed monthly payments. With fixed monthly payments, it’s easier to budget when you have an installment loan. You’ll know how much money you’ll have to pay back until you have repaid the loan in full.
- Fixed interest rate. The interest rate you agree on will remain the same throughout the duration of your loan repayment plan.
Where to Get an Installment Loan
If you’re struggling to pay your bills or if you’re worried about where and how you’ll find the money for unexpected expenses, you can always apply for cash online. At Blue Trust Loans, we offer short-term installment loans; you can apply for cash loans online with us in just a few easy steps. We have minimal loan requirements compared to the eligibility criteria required by most banks or other traditional lenders. For more information on how you can get an installment loan or obtain emergency funding, call us at 877-770-2682. We’re here when you need us, 24-7.
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.