What Are the Best Things about Short-Term Installment Loans? 

At certain times, you might have found yourself in need of quick additional funds. Whether it’s an unforeseen bill or an unexpected expense that requires covering, there’s a possibility you could require urgent cash. This is where short-term installment loans come into play as a viable solution. Let’s explore five key advantages of opting for this type of loan:



short term installment loans

Short-term Installment Loans are Easy to Get 

Short-term loans have several benefits. There are usually only a few requirements for approval. 

  • You must be at least 18 years old and a permanent U.S. resident.
  • You must have a phone number where you can be easily reached.
  • You must have an open bank checking account that is in good standing.
  • You must have a verifiable, steady income.
  • You must have a valid email address. 

Short-term Installment Loans with Fixed Payments 

An installment loan will give you a fixed monthly payment amount. Your monthly repayment amount will remain the same throughout the life of your loan. Before you sign the loan agreement, the company lender should inform you of the monthly payment amount. You should not be surprised by unexpected increases in your monthly payments or a jump in interest rates. 

Short-Term Loans No Lump Sum Payment 

Installment loans have the advantage of not having to repay the entire amount in one lump sum. Your repayments are spread over time which makes them more affordable than other loan options. This makes it easier for you to plan your future repayments. 

Short-term Installment Loans Available Online 

Fast money is crucial when you need to access it quickly. There might be an immediate family emergency or an unpaid bill due in a matter of days. These short-term can be used to quickly meet an immediate financial need. 

Direct lenders like MyFundingChoices.com offer online short-term online installment loans. If you can provide all the information requested with your application, you can quickly get installment loans. You may have to call the lender to verify your personal information 

Our online installment loans have a simple application process

After you submit your application, a well-trained representative will verify and review it. You could receive funds in your bank checking account within the next business day or sooner if your loan application is approved.  Make sure you fully understand the terms of your short-term installment loan. 

A short-term installment loan does not provide a long-term solution.  Short-term Installment loans can be a good way to borrow money if you are in need.  A short-term installment loan with MyFundingChoices.comis a great option. The Online application is easy to fill, and funds could be in your bank account the same day or the next business day.