$1,000 to $3,000
Pay back your loan in installments over a longer period than a traditional payday loan, and the payments are usually smaller. An installment loan is a short-term loan or deferred presentment deposit transaction. It is important to bear in mind that installment loans should not be used as long-term solution. They are convenient and practical when used to meet short term liquidity problems and emergencies as they can be expensive in the long term.