What Are The Requirements To Get An Installment Loan Online?

October 20, 2021 | Daniel Dewitt

installment loan online

 

With so many different installment loan online types and various lenders offering them, it's increasingly difficult to understand exactly what you need to be successful. Luckily, we here at Carolina Title Loans, Inc. have made our process simple and convenient to understand. Here is what you need to know about our installment loans and how to get them.

Keep This In Mind To Understand Installment Loans

What Is An Installment Loan Online?

An installment loan online, as the name suggests, is any type of loan that is paid back in fixed installments. Each payment has a deadline that you must meet, which we will get into more detail once you come in for the meeting.

These loans are designed to help you out when you have a short-term emergency expense you cannot handle alone. These loans are similar to our title loans in that they are for emergencies and are just short-term. The difference is that signature installment loans do not require any collateral – unlike our title loans that require you to use your title as collateral.

What Should You Use Installment Loans For?

Installment loans in SC are meant for emergency use only. Again, they are for short-term situations – not for long-term use. This means if you are trying to use them for frivolous spending or to improve your financial situation, you will have to look elsewhere. Here are some emergency situations that a signature installment loan could help out with:

  • Paying medical bills that were unexpected or higher than originally thought;
  • Funding urgent but necessary travel;
  • Paying overdue bills that would otherwise reap late charges and other fees;
  • Funding emergency home repairs such as roof leak correction;
  • Paying for vehicle essential repairs or urgent maintenance.

What Do You Need To Get An Installment Loan Online?

The requirements for installment loans online aren’t complicated to understand, allowing anyone to understand and remember them. This is good when you are thinking of options to possibly get quick money for emergencies.

While we will run your credit if you are going for an installment loan online, you are still welcome to apply even if you have poor credit. There are also required items you must have with you when you come in for the meeting. Here are the required items:

  • State-issued photo ID or your driver's license;
  • Proof of income in the form of your most recent pay stub;
  • A checking account statement that is open and in your name.

Once you have these items, you are ready to get started on our process. You can either begin online or give us a call. Keep in mind that, unlike our title loans where we can go to you to finish the process, you must come into the store to finish the process. But don’t worry about having to go through a long process. From the time you walk in, you could get through the entire process in as quick as 30 minutes. And once you are done, you could get the money the same day if approved.

 

signature installment loan

 

How To Get An Installment Loan Online

Getting an installment loan online is, thankfully, very simple. As I mentioned, you begin the process by either filling out the online form or giving us a call. If you do fill out the online form, this will send us your information so we can give you a call. Don’t worry, your information is kept completely confidential.

While we are on the phone with you, we will go over the rest of the process and answer any questions you may have. We will also set up a meeting for you to come into the nearest auto title loans near me with the required items.

Once you arrive, you will sit down with a loan representative who will assess your information. They will quickly determine if you qualify for approval and for how much – which you could qualify for up to $1,500.

If you do qualify for approval, they will go over the loan terms. This is where they will go over the loan repayment terms in detail. This is also where you should ask any and every question you have. Once you understand everything, you can finish the paperwork and sign the agreement. Once complete, you can get the money either the same day or the next bank business day.

Get An Installment Loan Online Now!

With just three items, you can get an installment loan online with us at Carolina Title Loans, Inc. today. But it's natural to have more questions. So, if you're still unsure as to whether a signature installment loan is for you, give us a call before you start the process. That way, we can clear up all your questions and concerns, making it easier for you to decide. Fill out the online form when you are ready to begin.