Direct Installment Loan Lenders In Alabama
OppLoans operates as a direct lender in Alabama, provides access to installment loans licensed by the Alabama State Banking Department Bureau of Loans.
Company Name:- OppLoans (Opportunity Financial, LLC)
Loan Type:- Installment Loans
State:- Alabama
Serviced As:- Licensed Direct Lender
Minimum Amount:- $2,000
Maximum Amount:- $4,000
Loan Term:- 9 Months to 18 Months
Funding Time:- 1 to 2 business days
APR range:- Up to 160%* (APR) varies based on loan term, amount and other factors.
Fees:- No prepayment fees
Requirements:- 19+ in Alabama, regular income source, and an active checking or savings account.
Blue Trust Loans is a tribal lender that offers online installment loans in Alabama with a fast turnaround time, operates under the Tribe’s reservation, and is regulated under the tribal laws.
Company Name:- Blue Trust Loans (Hummingbird Funds, LLC)
Loan Type:- Online Installment Loans
State:- Alabama
Serviced As:- Tribal Lender
Minimum Amount:- $100
Maximum Amount:- $3000
Loan Term:- Up to 9 Months
Funding Time:- Same day funding or next business day
APR range:- 471.78% to 841.45%* (APR) varies on loan term and amount.
Fees:- No prepayment penalty for early payback
Non-Payment and Late Payment fee may apply.
Requirements:- Verifiable income source, active checking account, and 18 years old and resident of the United States.
Leap Credit offers access to short-term installment loans and is a state-licensed direct lender in Alabama, licensed by the State Banking Department of Alabama.
Company Name:- Leap Credit
Loan Type:- Short-Term Installment loans
State:- Alabama
Serviced As:- State Licensed Direct Lender
Minimum Amount:- $2,000
Maximum Amount:- $3,500
Loan Term:- Up to 8 months
Funding Time:- Within 2 business days
APR range:- 667% – 795%* (APR) varies based on loan term and amount
Fees:- No prepayment fees, Late fee may apply for missed payments
Requirements:- Legal resident of Alabama, Social Security Number, permanent address, driver’s license, employment information, and banking information
MaxLend is regulated by the tribal laws and is a tribal lender offering access to short-term installment loans in Alabama, operating under the Tribe’s reservation.
Company Name:- MaxLend (Makes Cents, Inc)
Loan Type:- Installment Loans Online
State:- Alabama
Serviced As:- Direct Tribal Lender
Minimum Amount:- $100
Maximum Amount:- $3,000
Loan Term:- Up to 9 Months for new customers
Funding Time:- Same day or next business day
APR range:- 471% to 842%* (APR) varies on loan duration and amount borrowed
Fees:- No prepayment penalties
Requirements:- Verifiable source of income, active bank account, 18 years or older, and a resident of the U.S.
ZocaLoans is a tribal lender that offers access to short-term installment loans in Alabama, operates within the Tribe’s reservation, and is regulated by the tribal laws.
Company Name:- ZocaLoans (Rosebud Lending)
Loan Type:- Installment Loans
State:- Alabama
Serviced As:- Tribal Direct Lender
Minimum Amount:- $200
Maximum Amount:- $1,500
Loan Term:- Up to 6 Months
Funding Time:- As soon as next business day
APR range:- Up to 795%* (APR) varies on loan amount and term
Fees:- No prepayment penalties
NSF fee of $25* and Late fee of $25* may apply
Requirements:- Driver’s license number, checking account number and debit card number.
Savethedayfunds.com is a lender connecting service that provides access to installment loans in Alabama through its vast network of lenders and lending partners.
The loan term, fees, and interest rates are determined solely by your lender or lending partner.
Company Name:- Savethedayfunds.com
Loan Type:- Personal Installment Loan
State:- Alabama
Serviced As:- Lender Connection Service
Minimum Amount:- $100
Maximum Amount:- $5000
Loan Term:- Up to 24 months
Funding Time:- As soon as next business day*
APR range:- APR may vary depending on the Lender and State laws
Fees:- Depends on the Lender and state laws
Requirements:- 19 years old, U.S. citizen or permanent resident, steady monthly income, checking account, work and home phone number, and a valid email address.
HonestLoans.net is a lender connection service that offers access to installment loans online in Alabama through its extensive network of reputable loan providers and lenders.
The loan term, fees, loan amount, and interest rates are determined solely by the lender or lending partner.
Company Name:- HonestLoans.net
Loan Type:- Installment & Personal Loans
State:- Alabama
Serviced As:- Lender Connection Service
Minimum Amount:- $100
Maximum Amount:- $50000
Loan Term:- Up to 72 months*
Funding Time:- 1 to 2 business day*
APR range:- APR varies depending on the lender policies and state laws
Fees:- The lender will disclose any other associated fees.
Requirements:- 19 years old in Alabama and a US citizen, steady income source, checking account, valid phone number, and email address.
BadCreditLoans.com is a lender connecting service and provides access to installment loans in Alabama through a large network of lenders or financial service providers.
Your lender or financial service providers will solely determine the loan term, fees, and interest rates.
Company Name:- BadCreditLoans.com
Loan Type:- Installment Loans
State:- Alabama
Serviced As:- Lender Connecting Service
Minimum Amount:- $500
Maximum Amount:- $10000
Loan Term:- 3 to 36 months*
Funding Time:- As soon as the next business day*
APR range:- APR may vary depending on the lender and state laws
Fees:- The lender will disclose any fees associated with the loan.
Requirements:- 19 years old, proof of citizenship, regular income, checking account, valid work, and home telephone numbers.
NetCredit offers access to personal installment loans in Alabama and is a state-licensed direct lender. Licensed by the state banking department and operates in compliance with Alabama regulations.
Company Name:- NetCredit
Loan Type:- Personal Installment Loans Online
State:- Alabama
Serviced As:- State-Licensed Lender
Minimum Amount:- $2,000
Maximum Amount:- $15,000
Loan Term:- 6 – 60 months
Funding Time:- Up to 3 business days*
APR range:- 34% – 155%* (APR) varies on loan term and amount
Fees:- No penalties on prepayment
Requirements:- 19+ , must have a personal checking account, active email address, verifiable source of income.
MoneyKey is a state-licensed lender in Alabama provides access to online installment loans. MoneyKey is licensed by the state banking department bureau of loans, governed by all applicable state laws.
Company Name:- MoneyKey
Loan Type:- Personal Short Term Installment Loan
State:- Alabama
Serviced As:- Direct Lender
Minimum Amount:- $2,000
Maximum Amount:- $2,600
Loan Term:- Up to 18 Months
Funding Time:- 1 business day*
APR range:- Up to 220%* (APR) varies based on loan term and amount
Fees:- No penalty for prepayment
Requirements:- 19 years of age, US citizen or a permanent resident, active bank account, verifiable source of income.
Cash Central is a direct installment loan lender in Alabama, licensed by the State Banking Department. Installment Loans in Alabama are available from Easymoney, a proud member of the Community Choice Financial’s® Family of Companies.
Company Name:- CashCentral
Loan Type:- Online Installment Loans
State:- Alabama
Serviced As:- Direct Lender (Loans are provided by Insight Capital, LLC)
Minimum Amount:- $2,000
Maximum Amount:- $5,000
Loan Term:- Up to 24 months
Funding Time:- Next business banking day*
APR range:- 180% – 220%* (APR) varies based on loan term and amount
Fees:- Depending on the state laws
Requirements:- 19 yrs or older, Source of income, Valid checking account, Two current valid phone numbers.
Alabama Installment Loans
Life is often unpredictable and comes with many unexpected burdens, and it can present the most challenging of situations at a time when you’re least expecting it. Now, although the U.S economy is improving, there are still residents throughout Alabama that are still struggling financially. It is typically these people that experience the most stress when faced with unexpected expenses or overdue bills. Why? Well, because they rarely have spare money available to cover extra costs.
According to reports, Alabama is amongst the 6th poorest state in the U.S., and around 20 percent of Alabamians live below the federal poverty line. The average household income is lower compared to other states; this creates a massive gap in managing monthly or any unforeseen expenses. To cover the gap and to eliminate financial pressure, Alabamians turn towards an alternative credit solution.
However, there are various other ways to alleviate financial pressure. One of the ways that make the most sense is to secure yourself an Alabama installment loan. That is because it will provide you with the cash you desperately need on the same day or as soon as the next business day, as the process to qualify for an installment loan isn’t as stringent as other traditional methods. For instance, you do not need to have a perfect credit score to access an installment loan.
When someone has low finances to cover overdue bills, it is accompanied with them damaging their credit score due to late or missed payments, and this is what causes a lot of established traditional banks and credit unions to decline loan applications. However, you’ll find multiple privately-owned consumer lending companies which are state-licensed in Alabama that provide access to an installment loan online or at storefronts; by utilizing these lenders, you can avoid this hurdle as a credit check is not a compulsory feature of the application; however other methods are used to check creditworthiness. So, this means you can still get access to quick cash even if you have less than perfect credit.
Moreover, no collateral and no faxing are also the features that make the process incredibly simple and desirable. You see, traditional methods would tend to include security, such as your car or your house, to protect themselves in the event of no payments. Also, they would utilize fax machines for collecting mandatory documents; these methods would consume a lot of time. But if you opt for an installment loan through an online process, everything is completed over the internet, and no faxing or collateral is required, so you can bypass all of the time-consuming stages that other types of loans have.
Eligibility requirements for Installment Loans in Alabama.
- Must be at least 19 years old
- Must be a permanent American resident.
- Must have a steady income source or employment
- Must have a valid checking account with direct deposit facility
How much amount can Alabama Installment Loan offer?
Alabama installment loan amounts are available from $500 up to $5000. The amount you will be eligible to obtain will depend on the lender you applied with and based on your qualification. Some installment loan lenders may have caps on the maximum amount they can approve or lend.
How to apply for an Installment Loan in Alabama?
There are plenty of options available to apply for an installment loan in Alabama. Since the use of the internet has increased, many lenders have enhanced the experience of applying for a loan using advanced technology, enabling the applicant to complete the loan process with a short and straightforward application online by utilizing a laptop or mobile phone from the comfort of their home. Apart from the online form, some lenders also provide other options like apply over the phone or personally visiting a store.
While on the topic of speed, an Alabama installment loan could be approved and processed within 24 to 48 hours of you completing the application. The application itself is done online and takes just a few minutes to fill out. Even though the procedure is admirably quick, the security aspect is not neglected, and your details would never get compromised by unauthorized personnel.
What are the repayment options?
The repayment term for an installment loan ranges from 6 months to 36 months; the length to repay the loan you will be presented may differ from one lender to another.
In the past few years, the demand for installment loans has increased; the primary reason behind it is the repayment option spread out over a more extended period and helps the borrowers repay the loan in multiple pay periods.
Moving on to the repayments on installment loans are very flexible and versatile; the payments are in the form of fixed, regular installments. Many lending companies provide options to customize the repayment structure that best suits your financial situation; this means you will have full input on how much you can pay and how often you can pay it. Furthermore, you’ll find many lenders, which do not charge any prepayment penalties for paying your loan off in full before the deadline, so subsequently, the finance charge on your loan will significantly reduce at the time of closure.
Alabama Cities
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