Installment Loans

If there is a financial emergency, Snug Loans there to help

When you have to browse huge online sites to choose the right broker, it becomes tough. With Snug Loans, you can get introduced to people who need money, and we help you find the leading and most reputed private money lenders of the country.

Customers can get online Installment loans, with us in a hassle free manner. The customers do not need to involve in huge paperwork – just filling out a simple online form will begin their loan processing.

Reduced Hassles of Credit Checking

The payday Installment loans available with us comes with reduced hassles of credit checking, so despite having bad credit you can have loans.

Interference of Legislation
You might have heard many negative about installment loans as the interests charged on them often differ from state to state. For example, interest rate charged by a lender in Dallas will be different from the one charged in Washington DC. However, it is not a matter to worry, since legislation of the United States is constantly monitoring the annual percentage rate (APR) charged by different lending institutions from different states and has set limitation on how much a lender can charge as APR.

APR calculation
Borrow $200 for 14 days with a $30 to $60 lender fee, the estimated APR will be 391.07% to 782.14%
Calculation: (lender fee / loan amount) x (amount of days in a year / duration of the loan) x 100
Low End of Range: ($30 / $200) * (365 days / 14 days) x 100 = 391.07%
High End of Range: ($60 / $200) * (365 days / 14 days) x 100 = 782.14%

Look Out for Comparatively Less Expensive Loans

Well, you will get installment loans for bad credit at low cost which a conventional loan does not provide. At Snug Loan, customers will get less expensive loans. People often skip to calculate the APR charged by banks and other traditional lenders including credit card lenders. As a result, they often need to pay back a huge amount as interests especially if they somehow miss to repay the amount within due date.

Reasons to Choose Snug Loans

Well, we provide a number of reasons to maintain transparency, such as –

  • We help you connect to the right lender at the right time so that you get the required money and use it for your urgent financial commitments
  • We do not discriminate between good and bad credit profile, all we want is an error free credit report
  • Our financial advisors help customers understand their individual financial condition, and tell how they should use the money to repay outstanding debts

3 Easy Steps to Get A Loan with Snug Loan

Follow three simple steps besides furnishing some important paperwork such as income proof, age proof, and address proof to get online installment loans. Just apply and get the money in a hassle free manner to repay delinquent debts, repair bad FICO scores and poor financial reports.

  • Fill out a simple online application form
  • Submit it and wait for a while
  • Get your needed money deposited into your active bank account

Eligibility Criteria

In order to qualify to get installment loans for bad credit via Snug Loans, you need to fulfill some basic criteria as the country’s legislation has set up some rules and regulations that we must obey. As per the legislation –

  • A borrower must be at least 18 years of age and a legal citizen of the USA.
  • He or she should have a monthly income of 1000 USD or above
  • Must be working with the same employer for at least six consecutive months

Installment payday loans is easy obtainable and can be paid off in easy installments. However, the usual loan repayment period is 6 months. For further information, please visit our contact us page.

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