Installment Loans Online | Bad Credit Score OK

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Lorraine Roberte
Lorraine Roberte

Lorraine is a freelance personal finance and digital marketing writer from South Florida who creates content for businesses and startups that are seen on social media and search engines. She has written pieces for prominent platforms such as Thrive Global, Elephant Journal, Red Tricycle, Tweak Your Biz, and more.

Are you in a rush to find an installment loan with a quick and easy approval process? Then, capital Pacific Loans is here to satisfy your loan needs! Apply today to find safe and secure lenders and end up with the money you need within a few days!

What Is an Installment Loan?

An installment loan is a loan you can repay little by little with regular payments. Instead of paying on a single date in full, you divide the sum into small and more manageable parts.

Taking out an installment loan works best when you need a relatively large amount of cash. Thus, while payday loans are a good source for borrowing small amounts over a short period of time, installment loans are meant for longer terms for a greater sum.

For instance, a mortgage is an installment loan since it's quite challenging to pay for a house all at once. After the bank or credit union pays the house, you repay them in installments. This way, an installment loan helps you finance your very own home.

What Is an Online Installment Loan?

It is an installment loan you can get online. Unlike the traditional way of borrowing, you do not need to go to an unaffiliated third party.

With a device and internet connection, you can apply and get approved for an installment loan whenever and wherever you are, allowing you to skip the waiting, queueing, and paperwork.

Capital Pacific Loans can help you get your loan right when you need them for your cash emergencies, sparing efforts to find a trustworthy lender.

Why Should You Choose Capital Pacific Loans?

Capital Pacific Loans sets itself apart thanks to its three essential principles:

Strong Lender Network

As said earlier, trusting the right creditor for online lending is a must. It's easy to say, but finding a reputable agency can be challenging without guidance.

Capital Pacific Loans remedies this with a stringent screening process for lenders before being accepted in our network. We have already checked for their credibility so that you can choose a lender through our service with confidence and ease.

So rest assured that you will only be transacting with a trustworthy company.

Ultra-Fast Processing

We know waiting for your loan can be detrimental, especially when you don't have the luxury of time. That's why we have integrated a top-notch AI engine into our systems so we can process hundreds of online installment loan requests per day, speeding up the approval process significantly.

Thus, unlike banks and credit unions, we don't need weeks to get your loan approval—we can have your funds ready for you to withdraw and use in a matter of hours.

Pro-Choice, Pro-Borrower

There's no one-size-fits-all in lending. In other words, everyone's needs and wants differ, so we present a network full of lenders offering all types of loan options. This allows you to make the right choice for yourself without feeling pressured or the need to compromise.

With Capital Pacific Loans, you have the right to deny offers and continue searching until you find the deal that matches your needs.

We make this process even easier by offering our services free of charge—no fees, no consequences.

How Can You Apply for an Installment Loan?

Applying for an installment loan online has never been easier. Here's what you need to do to reach our lender network:

  1. Complete and submit our short online application. We'd like to know how much you need and when you plan to repay so we can find the top lender with the best rates. We also ask for the state you live in to find lenders near you.
  2. Submit supporting documents online. We ask for documents to prove your identity, income, and checking account. This step ensures that your lender can verify you are a real person.
  3. Wait for the result of your application review. First, we scan and confirm all your submissions, then within a few hours, you'll get a notification of the decision on your application and your loan terms.
  4. Review your top installment loan offer. As soon as we get back to you with your loan offer, you can view it right away. Go over the terms and let us know what you think.
  5. Choose Deal or No Deal. Once you finish reviewing your top lender's offer, you get to decide whether to sign the loan contract and agree to the terms or walk away to refuse and continue your search. You're free to say no, no hard feelings or extra charges. If you say yes, expect your loan amount within the same or next business day.

Pro tip: Be ready with your decision and your documents beforehand. Have everything on hand while filing your loan request so you can take your time and make no mistakes.

How Do Installment Loans Compare to Payday Loans?

Installment loans have longer repayment terms compared to payday loans. With most payday loans, your lender expects you to repay them on your next payday. With installment loans, the duration could last for a few months up to 20+ years. For example, 15-year and 30-year plans are common mortgages you can take out on your home.

Installments loans can have lower interest rates than payday loans. Since installment loans lend more money, you may need to provide more papers or even a co-signer as a security measure.

Hence, a lender can lower the interest rate because the loan is already secured. Payday loans and title loans online rarely have such a level of security, so lenders often raise interest rates to cover operational costs.

Who Should Consider an Installment Loan?

An installment loan can work best if you:

  • Need more than a couple of thousand dollars,
  • Cannot afford to pay back your loan in one go, and
  • Want a lower interest rate spread across many payments.

An online installment loan through Capital Pacific Loans is an excellent choice if you agree with the above and need money fast. Our advanced technological system can get you what you need faster and safer.

What Can You Do With an Installment Loan?

Remember to always have a use for a loan before getting one. Here's what you might need an installment loan for:

  • House improvements
  • Car downpayment
  • Medical bills
  • Car repair
  • Debt consolidation
  • Unexpected expenses

Other specific demands may also require an installment loan. The general idea for this type of loan is to be a big-dollar product for long-term financial needs.

What Are the Advantages of Online Installment Loans?

  1. Easy Application. Fill out the online form and send us your loan request in as little as 5-10 minutes.
  2. Instant Decision. Know if you're approved within 1-2 hours.
  3. Fast Withdrawal. Cash out your loan in 1-2 business days.

What Are the Installment Loan Rates and Terms?

Here at Capital Pacific Loans, we give the utmost independence to our customers. After reviewing your application, we connect you with a trusted and credible lender who best matches your needs. Then, you have the freedom to negotiate with your lender.

The terms vary between lenders and the state you are borrowing from. We can find you a lender for your cash needs of up to $5,000, with repayment periods anywhere from 6 months to 5 years.

But as mentioned above, we can only give you the typical rates to base on. The specific details of your loan offer will depend on your creditor, state of residency, and financial details. You can always negotiate your loan terms until you agree to all of them and sign the contract.

What Should You Know Before You Borrow?

Be sure to find out about these important factors before borrowing to avoid falling victim to scams, fraudulent offers, and debt:

  1. How much you need and can afford (amount, due date, the payment you can afford weekly/monthly, payment schedule, etc.)
  2. The credibility of your lender
  3. The requirements you need (government-issued ID, proof of residency, steady source of income, valid checking account under your name, contact information)
  4. The typical terms for your loan
  5. Who to contact (lender/broker)