Talking about installment loans, what strike’s our mind first is, are they safe? how can we get them and when to pay them off?. To answer them all, let’s start from the beginning.’Installment loan’ is a very generic term and sounds to be very interesting to all personal and commercial money borrowers. These loans are to be repaid with a regular schedule or in installments.

After understanding what installment loans are, now let’s understand it furthermore, Are installment loans safe for you ?. Well yes, it is safe for you to take a loan, just by keeping a few things in mind as to how to get an Installment loan and from where to get one.

Know About Installment Loans

So basically, Installment loans are the loans, which are provided behind a long-term motive. You need to first justify your reason for wanting an installment loan. Whereas the length of an Installment loan would vary from lender to lender. These loans are said to be a more safe & affordable alternative to other title loans.

Perks of having an Installment loan is that even if you have a bad credit history or are even poor, you are still entitled to the loan. The limit of having an Installment loan would vary from lender to lender; the maximum you could get is $2500 with no credit check, and the repayment terms are up to 24 months.

Now you can get Installment loans even faster than before by just applying for an online Installment loan application sitting at home.

Certain documents you require to submit before getting an installment loan are:

 

  • Paystubs
  • Updated Bank Statement
  • Personal Cheque / PAD Form
  • Government Issued Photo ID / SIN
  • Proof of Address
  • Good Repayment History

With Installment Loans, you get the benefit of having more money for a longer period of time and even more time to repay. For one to be eligible for an installment loan is possible by just having a good repayment history. The better your payment history will be, the more funds you may be qualified to get. Let’s now know where to get these Installment Loans from.

So, as we all saw the distinctive benefits of Investment payday loans. But, first, you might want to know who is the best Installment loan provider and also the most secured it’s “Simplycash”. Many of you might be unaware of this name, but Simplycash is one of the finest and Canadian-owned & operated alternative financial service providers. They have successfully catered to many people with their installment loans in Ontario now over a long time.

 

Let’s now talk about what benefits ‘SimplyCash’ provides us and why we should opt for them.

  • Easy and Convenient options:

 You may now apply for your loan sitting at home or stop by at one of their convenient places. In any of these situations, one thing is very sure that your application form will be viewed in minutes, and the sooner you will receive your funds.

 They also provide you 3 options to repay your loan either by debit card from your bank or in-store or online. Their ultimate goal is to provide the easiest and convenient ways for borrowing money to their customers. 

 

  • Loans provided up to $2500:

As we discussed further, the loan amount is never fixed, it will always vary from lender to lender. And simply cash provides you with the highest possible Loan amount of $2500 that too without any credit cheque.

This is specially made to help their customers a little more for their largely unexpected expenses, attached with the perk of providing you more time to repay in smaller installment payments.

 

  • Multiple Landing Options:

The reason why they have come up with multiple lending options is that they understand the needs of their customers very precisely. By saying so, I mean for many people getting a loan could be difficult, and it might be embarrassing as well in some situations.

 Understanding these problems and keeping them in mind, they have come up with multiple payment options. It was specially designed for making it easier and closer to end customers to access in need of much credit. This is what makes them unique as they make money easy to get for their customers.