Monthly Installment Payday Loans Vs Payday Loans
Monthly installment payday loans and payday loans have a lot of things in common, but there are a few differences that make installment loans, an upgraded version of payday loans. Let us have a look at these differences: –
- Installment loans can be repaid in multiple installments. Payday loans are to be repaid in the next salary day.
- The former makes the processing burden free and the later maintain that pressure for that whole month until you pay the loan amount back.
Apart from the aforementioned differences, all other features are the same including the ease in applying, getting a guaranteed approval immediately, the deposit of cash will be made in just one day, etc.
Prerequisite Conditions To Avail Payday Loans With Installment Payments
Not a lot, but there are some very fundamental qualifications that are required to be eligible for applying for these payday loans with installment payments. Those conditions are mentioned below: –
- The applicant must be a citizen or resident of the USA
- He/ she must not be aged below 18 years
- Applicant must be able to present a proof of his stable source of income
- The applicant should have a residential address
- He/ she must have a contact number
- He/ she must have a checking account, to carry out the loan transactions
If you match all the above-mentioned criteria, then you can apply to our payday installment loans and can enjoy the flexibility of these instant and easy loans.
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