On this page you will find a complete list of long-term loans (internal link) with which we can return the money in monthly payment installments . These are quick credits to pay in installments, with repayment periods between 12 and 36 months . Even so, we have also included in our list a loan to be repaid in months with a shorter repayment term but which can still be attractive. On this page you will find the best installment loans.
Fast installment loans to be paid in months
We advise you to use the search filters to find the loan that best suits your needs.
Complete List of Installment Loans
- Fast installment loans to be paid in months
- Complete List of Installment Loans
- Types of fast long-term loans
- What is the cost of installment loans
- Requirements Online installment loans
- Installment loans with West African Loan Group
- How much time do we have to return money in installments
- What to do if we cannot pay a loan?
- Payment Protection Insurance on a loan to be repaid in months
- When to apply for installment loans
Types of fast long-term loans
The credits to pay in installments stand out above the others that can be repaid in installments or monthly payments. Despite the fact that all installment loans facilitate repayment, there are different types of credits depending on the amount, amount and repayment time that they grant us.
That is why below we detail some of the most outstanding online installment loans with their characteristics:
Mini-credits to be repaid in months
They are fast online loans (link) that give us small amounts of money to be repaid in 30 days or more
From 300 to 1000 euros to be returned in comfortable monthly installments
Repayment terms from 60 days to 26 weeks .
Instant money transfer.
These credits allow us to access money without paperwork or requirements.
In any case, you must evaluate all the loans on offer and of course read the terms and conditions of the loan before acceptance .
Personal installment loans
Used to finance personal or family projects, they offer acceptable amounts of money to be repaid in months.
Amounts from € 2,000 to € 40,000 for the implementation of personal and business projects.
The terms to return the money are flexible, between 36 and 96 months .
It is a line of credit available to us when we need it, anytime, anywhere.
Amounts of up to 5000 euros .
We can return the money in installments .
The sector offers us a wide variety of credit cards adapted to our particular needs.
We see them in home equity loans and car endorsement loans , where it is necessary to be the owner of the assets that serve as collateral.
Home equity loans offer us up to 40% of the value of the home .
The return period can be up to 25 years
Loans in which we use a vehicle as collateral offer us up to 50% of the appraised value, being able to repay the money borrowed in installments up to 36 months .
Despite the fact that this financing requires a guarantor or guarantor, the conditions in interest, terms and commissions are better than the previous ones.
What is the cost of installment loans
The cost of an installment loan will depend on the commissions and interest rate applied by the lender. It is recommended to compare and not only look at the minimum TIN ( nominal interest rate) set at 5%, but also at the APR (Equivalent Annual Rate) which includes the interest applied plus the commissions that increase the final cost of the loan .
In the same way, it is convenient to know the commissions that the financial institution charges us associated with contracting the installment loan:
Study and management commission
Loan formalization expenses
Commission for total or partial early repayment
Commissions for delays and defaults
Although the total cost of a loan is fixed in the conditions of the lender when contracting, to that cost the payment of interest will have to be added until its cancellation.
You also have to know that not all installment loans offer us the same amounts or the same conditions. Among the different long-term loans at your fingertips we can name: Bank credits or with endorsement, personal credits, project credits . In any of the cases, all installment loans give you flexibility in the payment of your installments.
Requirements Online installment loans
To apply for a loan to be repaid in installments, a series of requirements must be met, which are more or less easy to meet depending on the type of loan. Below we detail the conditions to be met usually required by lenders that grant long-term loans.
Residence in Spain : You must have a Spanish residence to access any long-term credit.
Age : To request a term loan we have to meet a minimum and maximum age according to the risk policy of the lender. The normal thing is that the minimum age ranges between 18, 21 or 25 while the maximum between 60 and 75 years of age.
Proof of income : To have entry to a loan to be repaid in installments we will have to prove a stable and periodic source of income. We will have to prove minimum fixed income so that they can see we have the ability to pay.
Not being in the West African Loan Group or having debts with third parties : Some companies that grant installment credit do not agree to lend to people registered in delinquent files or lists of defaults. Not being listed in the West African Loan Group is a necessary condition to request one of these loans. Even so, other entities do accept people in arrears and other delinquency lists.
In case you want to hire a credit card, some entities ask you to open a checking account at the bank, direct debit payroll or some other link.
Therefore, the application requirements to have access to installment loans will depend on the specific characteristics of each loan as well as its risk policies.
Installment loans with West African Loan Group
In the field of installment loans, being enrolled in a list of defaulters such as the West African Loan Group (National Association of Financial Credit Institutions) will not prevent us from having access to installment credit .
However, it cannot be denied that the available options will be diminished as there are companies that do not accept clients that appear in delinquency files. Our financial solvency poses risks for companies, which may reject our request.
Therefore, to request an installment loan with West African Loan Group, it will be necessary to comply with the requirements imposed by the credit institution and demonstrate our ability to repay. Once your risk assessment process is over, we will be in a position to receive our credit, which we will repay in months.
We can find all installment loans with West African Loan Group right here. The offer is truly wide of credits to pay in installments no matter West African Loan Group :
Personal installment loans
Fast Installment Loans with West African Loan Group
Unlike online loans in the West African Loan Group (link), installment loans give us the ability to repay the money in installments . This is a benefit to be able to make the payment little by little, without haste.
Do not forget that installment loans are associated with large amounts of money , of great help for multiple needs to be repaid in monthly installments.
It should also be remembered that installment loans involve the payment of a higher amount of interest due to the delay in repayment. The more delay, the more interest we will pay at maturity. Many apply a series of financing clauses associated with our bad debt financial profile .
Beyond this, requesting an installment loan when we are in the West African Loan Group is a decision that must be taken with maximum responsibility .
How much time do we have to return money in installments
Depending on the amount of money that we ask for, installment loans set a number of determined installments, established by the conditions of each lender. In this way, the time available will depend on the type of credit we want to request.
If, for example, we request an urgent loan of up to € 3000, the repayment period will not be more than a few months. Conversely, if we request a personal loan of € 20,000 we will have years to make the repayment.
Be that as it may, in loans without collateral, the time for repayment of a long-term credit never exceeds 6 years.
The amount of money and the financing conditions is what will determine the time available to repay the credit.
In addition, if for any reason we have problems to comply with the payment of the established fees, we can always contact banks and other private credit finance companies to try to negotiate an extension of the term, grace period, fee reduction, etc.
What we surely cannot do is request an extension, something that, on the contrary, if we can ask for low-value loans.
What to do if we cannot pay a loan?
Request a lack of a time where we do not pay any monthly payment.
Request to renegotiate a drop in the fee even if it means extending the term
Some companies allow the request for an extension , however it is not usual in installment loans.
Payment Protection Insurance on a loan to be repaid in months
Continuing with the aforementioned, not being able to pay a loan can bring many inconveniences. To avoid these situations , payment protection insurance for installment loans pays the payment of a part or the total of the installments of the insured loan , in the following cases: Unemployment , temporary or permanent disability and death .
The decision to formalize or not a payment protection insurance when applying for an installment loan depends on many variables. From the amount to ask , our financial situation , solvency, etc. However, sometimes it is the financial institution that links this type of insurance when contracting the loan without providing more information about it.
For this reason, it is advisable that when hiring a payment protection loan we are aware of the coverage that it offers us, which is included in the insurance policy. Get savings by avoiding insurance that we do not need or of which we do not know its level of protection.
Extensive information about payment protection insurance for loans in our blog.
When to apply for installment loans
Long-term loans are associated with large sums that do not allow the option of repaying the single payment, such as microcredits.
When we go to this type of financing it is because we need large sums of money that we need to return in installments.
Thanks to the payment of the credit in installments, we can make a comfortable and flexible evolution, but in the long run it generates the payment of a greater number of interests.
By lengthening the payment period at the end we pay more interest as it lasts over time.
Consequently, we may or may not be interested in applying for an installment loan, depending on the use we are going to give the money and the duration necessary to make the repayment. In the end, everything will depend on our economic and financial situation, on when we can return the money.