GadCapital Installment loans

 How much do you need? You can always get it at GadCapital.

GadCapital commits itself to helping consumers improve their financial future. We provide free access to financial wellness and credit monitoring tools.

 

What are installment loans?

These are cash loans that consumers can apply for and pay in regular equal installments in a weekly, bi-weekly or monthly basis until the loan term ends. A good example of installment loans is a mortgage.

What are online installment loans?

Just as the name suggests, online installment loans mean that everything, from the loan application to approval and payment is managed online. It is only specialized lenders like GadCapital that offers these loans. Compared to in-person applications in traditional financial institutions, online installment loans are easier and faster to apply for.

How different are GadCapital installment loans

A lot of borrowers believe that GadCapital installment loans are a good choice when you want to borrow funds and build a better future. Some of the things that make installment loans from GadCapital unique include the following;

Choose your terms

You are free to select your terms.  After you apply for an installment loan and get approved, you can qualify for an installment loan of between $500 and $5,000. The amount you can qualify for also depends on the state laws concerning online installment loans. You can also negotiate with us on the repayment term that most suits your budget.

Get fast access to cash

GadCapital reviews and processes loan applications before 6 pm ET. When you apply before the cut off time, the funds will be wired directly to your bank account on the next business day.

Improve your credit

GadCapital also offers financial education tools and free credit alerts to our clients. This helps them plan for their money and improve their future financially.

Qualify for better rates

We believe that a better financial future can only be achieved if you get affordable financing today. We are therefore committed to offering loans at better rates than our competitors. So far, about 150,000 of our customers can boast of affordable financing. After all, making on-time payments deserves a pat on the back!

How to apply for installment loans

Usually, installment loans have a fast and easy application process. First, you have to complete an online application form. One of the main requirements is to have an active checking account. After the lender reviews the application, you will be notified of the decision through an email after which you can accept or decline the loan offer. With us, you can be guaranteed the funds on the next business day!

What is the difference between payday loans and installment loans?

We can both agree that payday loans and installment loans offer quick access to cash for the applicants. The only difference comes on how the funds are paid back. For payday loans, you have to pay the whole amount, which includes the principal amount, interest rate and fees in a lump sum. But when it comes to installment loans, the debt is paid in equal and fixed installment. If you are not ready to pay for a loan in a lump sum like in the case of payday loans, then an installment loan can be worth considering.

Who can apply for installment loans?

installment loans can be a relief for anyone who needs quick access to cash, builds their credit and can make regular loan repayments.

What are installment loans used for?

Usually, people apply for online installment loans when the need arises. This can be unexpected car repairs, college fees or a medical bill. You can also apply for the loan if you have an upcoming event, or pay for a car down payment.  In short, whatever you want to do with the approved money is all on you.

Home renovations

Instead of applying for credit cards with high-interest rates to take money from your savings account, you can also use an installment loan for home improvement and repair expenses.

Car down payment

If you do not have enough cash to buy a car, you are usually required to make a down payment. This is also when installment loans can be handy.  The loans can be a good alternative to other forms of expensive financing.

Medical expenses

If you have a large sum of hospital bills to pay, all you need to do is take out an installment loan from a reputable lender and clear all the bills.

Unexpected expenses

You can also apply for an installment loan for emergencies like unexpected car repairs

Debt consolidation

With a debt consolidation installment loan, you can pay off your credit card debts and other unsecured debts and remain with one management payment loan.

The benefits of applying for online installment loans

Many benefits come with applying for online installment loans. First, these loans have an easy application process. It is also easy to get approved and once qualified, you can get the funds directly to your bank account in only a few business days.

Convenience

Compared to loans from traditional financial institutions, online loans allow applicants to compare different options and you can also apply for the loan from any location. This can be your home, office or even on your way home!

Affordable rates

Many different lenders offer installment loans online. This makes the interest rate very competitive.

Fast approval

There is very little information required when applying for installment loans. This is contrary to bank loans and loans from credit unions where a lot of paperwork is required.

How can I find an affordable installment loan?

The trick here is to shop around. With so many lenders offering the loan, you can surely find one who best suits your needs.

What are the loan terms and rates?

Generally, installment loans have a fixed interest rate. But the loan terms may vary from one lender to another. At GadCapital, our installment loans range from $500 to $5,000 and have a term of two years. The interest rate that you can qualify for depends on how much you need, your credit history and the application information.

What do I need to know before applying?

If you want to apply for an online installment loan, start by doing research. Beware of lenders who claim to offer loans with no credit check or loans for bad credit. Usually, these loans tend to have extremely high interest rates and unfavourable terms and conditions.

In summary

GadCapital is your one-stop lender for installment loans with convenient payment terms. We have a fast online application process and the funds can be approved within one business day. What’s more, you are at liberty to choose your repayment schedule.