Payday Installment Loans From MO Payday Loans in Illinois
Our Payday Installment Loan is the perfect loan for our customers in Illinois who need to get money fast, but need up to 6 months / 180 days to pay the loan back. The minimum amount you can borrow is $100.00, and the maximum you can borrow is $1500.00. Our Payday Installment Loan is our most popular loan product. The biggest advantage of a Payday Installment Loan over a single payment Payday Loan, is an Installment Loan allows you to pay back the loan over a longer period of time. This makes it easier for you to keep your payments as small as possible, while giving you the flexibility to handle those unexpected emergencies.
Installment Loans – MO Payday Loans in Illoinois – Key Information
Amounts you can borrow:$100.00 – $1,500.00
Term:Up to 6 Months / 180 Days
No. of Payments:8 to 12 regularly scheduled bi-weekly payments (every two weeks). Loans based on Social Security Incomeare set up with 4 to 6 regularly scheduled monthly payments
Payment Frequency:Every 2 weeks. Social Security Income based loans are Monthly Payments
Pre-Payment:There are no prepayment penalties on any loans with MO Payday Loans
What you need:
- Driver’s License, State ID or Passport
- Proof of Income – Recent Pay Stub, Social Security Benefits Letter, or Settlement /Disability Letter, Pension
- Most recent Bank Statement & Bank Routing Number
- Blank Check(s)
- Proof of your Social Security Number (Social Security Card, or Anything With Your SSN)
Schedule 8-12 Bi-Weekly Payments or 4-6 Monthly Payments…*
The Payday/ Installment loan is an excellent option for the person who cannot afford to pay off a loan in just two weeks, which is required with a traditional Payday Loan. There are times when it makes more sense to pay off a loan a little at a time. That is where the MO Payday / Installment Loan product makes the best sense. When you decide to borrow with the MO Payday / Installment Loan product, we will set your payment schedule to fit with your payday. If you are paid every two weeks on Friday, we will make your payments due on the same Friday. If you are paid monthly, we can set you up on monthly payments.
It Is Easy. All You Need Is a Verifiable Income and a Bank Account.
If you have verifiable income and a bank account, then you can qualify for a MO Payday / Installment Loan. Your payments can be set up anywhere from 8 to 12 bi-weekly payments, or if your loan is based on your Social Security income, then we can schedule your payments to be from 4 to 6 monthly payments*. Regularly scheduled installment payments help to create a reduced payment amount that is a better fit with your budget. The process is very simple. We can get you in and out of the office in 15 minutes or less in most cases. The bank account can be a checking or savings account. In most cases, all you need to bring to our office is your state issued photo I.D. or passport, proof of income, your most recent bank statement, and bank routing number.
Whatever Your Needs Are, We Have a Loan Product For You
MO Payday Loans in Illinois has a variety of loan choices to meet your needs including, Payday Loans, Payday / Installment Loans, as well as Auto Title Loans. We are dedicated to helping you pick the right loan product that will help you to meet your financial needs.
Come on in and experience MO Payday Loan’s commitment to you.