3 Month Payday Loans
Looking for a payday loan that you can pay back in 3 months? If so, what you are really looking for is an installment loan. Installment loans can be stretched out over several months giving you time to get over your financial problems. Payday loans however are due to be paid back in two weeks or less. So if an installment loan is your thing, we can help you get a free installment loan quote.
3 Month Loans Vs. Regular Payday Loans
With a 3 month installment loan, you can get longer terms. If you need a loan that is 3 months or longer, this is the way to go. Regular payday loans, as the name implies, are simply meant to get you by until your next payday. In most cases, this is between 10 and 14 days. This makes them harder for the average person to pay back, especially in larger loan amounts. If you need more than a few hundred dollars, an installment loan is probably the best choice.
Payday loans are limited in the amount of cash that you can borrow. Due to their short terms and state regulations, most loans are well under $1000. If you need more than that, an installment loan is the right choice. You can qualify for more money and can have 3 or more months to pay the loan back.
3 Month Loan Questions
What do I need to get a 3 month loan quote?
There are a few requirements and your lender might have their own specific requirements. In general, for a 3 month or longer loan you will need a source of income, will need to be at least 18 years of age, will need a social security or ID number and a checking account where funds can be deposited. These are the basic requirements, but, like i said, your particular lender might have different requirements. The fact that lenders in our network have different requirements actually make it easier for you to get an approval. This is because you do not have to fit one particular mold.
Are 3 month payday loans unsecured?
Yes, like regular payday loans, these are unsecured loans. This means that if you were to somehow miss a payment, you do not have property that would be lost. It also means that you do not have to put up something of value that you could not do without like your car or electronics.
How will I pay back my loan?
The terms will be set by your lender but you will typically be able to make your payments electronically or perhaps by check. If you have a 3 month loan, for example, your lender might take out 3 monthly payments or might require you to make a payment every pay period until the loan is repaid. You will be informed about the payback terms of your loan before you sign for it. Be sure to reas and understand all of the terms before you agree to a loan.
What happens if I repay my loan early?
Got a three month loan and want to pay it off in two months? In most cases this will not be a problem but you should contact your specific lender to see if they allow early repayment and if you will still be responsible for full loan fees and interest. If you think you may be paying your loan off early, you should find this information out before accepting your loan.
How much does it cost to get a loan quote?
There is no charge to get your 3 month loan quote. You are also under no obligation until you accept and sign for your loan. Why not fill in your information and see what you can qualify for. If approved, you will then be sent the details of the loan approval so that you can make a good decision.
How much can I borrow?
The amount that you borrow will depend on your income level and the state in which you reside. To find out, why not get a quote for your three month loan now. It takes just a minute and there is no cost to you to get a secure quote. In any case, even if approved for more, take out only what you need and are sure that you can repay comfortably.
When will my loan payments be due?
In most cases, your payments will be due on your payday for the length of the loan, whether that be 3 months or longer. If approved, you will receive information on the payback terms before you sign your loan contract. Need different terms? You may be able to contact the lender directly and renegotiate them.
When will I receive my money?
Once approved and after you sign your loan contract, you will receive your money electronically and it will go straight into your bank account. This can occur as soon as the very next business day. Holidays may affect deposits.
Is Loan Monkey A Direct Lender?
No, and that is a good thing. A direct lender will consider your application and if they deny you, you have to start from scratch with the next lender. With our lender network, you fill out one application and it goes from lender to lender securely until one is found that wants to offer you a loan. Save time and get your approval faster with our loan network.
Can I be approved for a loan with bad credit?
Yes, lenders will take more things into consideration than just your credit. They will look at whether you can afford to repay the loan and other factors. Each lender in our network has their own requirements which makes it easier for you to get an approval, even when others have turned down your 3 month loan request.
What if i decide not to take the loan?
You are under no obligation to accept a loan if you are approved. You are only committed if you sign the loan contract. This means there is no real risk in just filling out a quote form and seeing what you qualify for. Ready to see for yourself, fill out the form above and get started.