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An installment loan is a cash advance that the consumer gets to pay back in small installments over a certain period. Installment loans have benefits over payday loans and other options because they allow the borrower a significant amount of time to repay their advances.
These installment loans are for a fixed term and have fixed monthly payments. Unlike lines of credit, installment loans have a maturity date in which the personal loan will be satisfied. A common example of this would be a 30 year fixed mortgage or a 60 month automobile note.
These loans can be used to pay for emergency expenses like medical bills, home maintenance etc. Long-term installment loans, such as mortgages, are generally paid in 20 to 30 years depending on the loan amount and the repayment term.
BC-Loans is a company that specializes in emergency loans ranging beetween $500-$750. We differenciate ourself with our flexible payment plan and our world class customer service. The loan application process is 100% safe. Our company guarantees that your information will be kept confidential.
I accept periodical contact by BC-Loans by email with promotions or updates regarding my account.