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By Offering All Customers Payment Plans Regardless of Credit
Offer payment plans at point of sale that is simple, fast , and as easy as a card transaction.
Installment loans near me
An installment loan is a lending arrangement that allows a borrower to collect a lump sum of money with an agreement to pay back in scheduled periods, usually monthly. Installment loans typically have a fixed interest rate, and a failure to honor the payment schedule would attract penalties. Unlike revolving loans, an installment loan does not allow you to take on more debt from the lender, and you do not get to determine when you’ll pay back.
Installment loans come in handy if you have a major project or expense at hand, and you’re strapped for cash. If you’ve tried searching for ‘installment loan near me’ on any search engine, you would have seen multiple lenders looking to pitch their business to you. But how do you know the one that will give you the best rates? Extra Loans.us is a company that’s dedicated to helping people do the hard work by connecting potential borrowers with the best lenders near them.
What are the advantages of installment loans?
There are several reasons why people may consider choosing installment loans over other kinds of personal loans. Below is a summary of some of the most important ones:
Higher borrowing limit
Installment loans offer an organized repayment schedule. Thus, lenders can give out a higher amount as loans. Borrowers enjoy this advantage when they need a lump sum, especially for a big project or an emergency. Furthermore, you would not have to apply for multiple loans with short limits that would ultimately be inconvenient to pay back.
Easy application
If you need an installment loan, all you have to do is search for ‘installment loans near me,’ and you’ll be spoilt for choice. The application process is usually smooth and easy, whether you’re doing it in person or online. However, most people prefer to apply online because they can get their loan without leaving the comfort of their home.
Accommodates all kinds of credit rating
Installment lenders usually have a provision for everyone. Even if your credit score makes you ineligible for other kinds of loans, an installment loan will always remain a viable option. As long as you have proof that you are gainfully employed, lenders are likely to favorable consider your application.
Friendly repayment terms
As mentioned earlier, installment loans usually have fixed interest rates and friendlier repayment terms. When you apply for an ‘installment loan near me,’ you do not have to pay a lump sum when it’s time for repayment. You enjoy the flexibility of paying small amounts monthly or according to the agreed schedule with your lender. Usually, most people opt for schedules that correspond with their payday.
Contact us for convenient ‘installment loans near me’
If you need a convenient and affordable installment loan, Extra loans.us is the company you should get in touch with. We have a credible network of borrowers that offer low-interest loans with the most flexible payment terms. Rather than doing the hard work yourself by searching for ‘installment loans near me,’ why not get in touch with us and let’s link you with trusted lenders?
Installment Loans Near Me
Zip Loan has formed partnerships with leading financial institutions and lenders for the sole purpose of creating an integrated first look experience. Consumers can see all their options in one location, which makes them more inclined to buy.
APIs support the application, credit rating, pre-approval, and final offer for a smooth process from start to finish. Each financial provider has a tailored workflow to its algorithms and necessary functionality. These APIs handle special requirements seamlessly and speed them up.
This modular solution supports pre-approval concepts, promotional payment programs, and joint application processing.
This module supports both online and storefront transactions, pending the approval of third-party partners. With practical features like same-day voiding, partial or full post return, and support for on-site facilities, the first look module is a sensible choice.
Businesses need to know their revenue figures, so this modular software makes it easy. Companies can quickly check daily transactions reports, merchant reporting, individual transaction reviews, individual account settlement status, and merchant-wide settlement reports.
Customers can also verify their accounts and track their payments.
The solution modules are designed so they can work independently or within an existing customer system. The modular payment solution integrates with the most popular software easily, or the development team can build a custom bridge.
Zip Loan offers full look customization. Clients can choose to use the existing clean interface or create their own to match the rest of their process. Zip Loan offers workflow optimization and assistance.
Second look solutions often require multi-level or multi-partner financing options. Zip Loan facilitates that through the second look module for consumers who are typically considered sub-prime borrowers. The process matches the first look module, and the two integrate seamlessly for a better customer experience when deployed together.
Functional APIs allow quick processing for application, credit rating, pre-approval, and final offer for each financial institution. The API expedites special requests and manages the process flow based on what information the consumer provides.
Joint application processing, pre-approval concepts, and promotional payment options are available with this module.
Businesses need to know their revenue figures, so this modular software makes it easy. Companies can quickly check daily transactions reports, merchant reporting, individual transaction reviews, individual account settlement status, and merchant-wide settlement reports.
Customers can also verify their accounts and track their payments.
All modules include in-depth reporting so partner companies can better manage their revenue stream. Available reports include individual transaction review, individual account settlement status, merchant
reporting, daily transactions report, and merchant-wide settlement reports.
Customers can also verify their own accounts and perform specific actions.
Payment plans may seem newer, but the practice is a well-recognized payment method with decades of history. At Zip Loan, we’ve been providing payment plan solutions for years to helps businesses gain customers, even those without excellent credit.
Zip Loan provides an end-to-end solution for every client. This model uses advanced origination modules and comprehensive software solutions for every eventuality. As with first look and second look modules, this software can be used alone or as a modular waterfall solution.
The third look and merchant backed plan module can be implemented alone or with partner workflows for a seamless experience. The APIs handle all the origination and underwriting mechanisms as well as the payment plan execution.
This modular payment solution includes four potential mechanisms for ease of use:
This module uses a proprietary software solution for underwriting criteria that companies can customize using a rules system. Companies can specify each aspect of the payment terms based on their clients’ risk factors when filling out their profile. The platform has an API for credit risk factors and can check credit scores.
The interface for consumers is straightforward and simple to operate. Changes companies make to criteria are reflected immediately, and users are not notified when a company changes its rules. Instead, the consumer sees different offers at the next search.
The module platform creates the necessary legal documentation based on the merchant inputs. The platform includes a signature pad for ease of use and email status updates on the customer’s requests. For the consumer, the straightforward workflow looks like this:
Once the consumer signs the documents, the recurring billing system handles all payment management. There’s no need for the company to chase the consumer. If necessary, the collections module handles any missed payments.
