You have a lot of options when it comes to getting a loan, including whether to get a loan online or at a brick-and-mortar storefront. Though there are benefits to both options, we’re partial to online loans as that’s our specialty here at Cash Central. We strive to make online lending simple, so here’s some information you need to know about online loans so you can make the decision that’s best for you.
There’s a lot of great things about online loans, but here’s some of our favorites.
There’s a lot of different online loans available to you, but Cash Central specializes in online payday loans and online installment loans. Payday loans and installment loans from Cash Central have many benefits, and they can be an option for people who may have difficulty or are unable to get credit from banks and traditional financial institutions.
Payday loans, which are often referred to as a cash advance, are small dollar, short-term loans which are typically paid back in full on your next payday. There are many uses for payday loans, but their main purpose is to help bridge the gap to your next payday in the event of unexpected expenses.
Installment loans* are generally available in larger amounts and have a longer repayment period compared to a payday loan. With an installment loan, you receive a dollar amount and then make payments on a regular basis to pay the loan back over time, typically ranging from six to twenty-four months. Installment loans are used in many of the same scenarios as payday loans, but when more funds are needed than what a payday loan can provide.
You’ll discover many benefits when choosing Cash Central for your online loan, including those mentioned above, but there’s a few more worthwhile benefits for you to consider.
Available loans and their rates, terms, and fees vary depending on the state in which you live. To see what online loans are available to you, please check out our Rates & Terms page page and select your state.
*Installment loans from Cash Central are currently available only in the following states: AL, DE, ID, MO, SC, UT, and WI.
**When application is submitted by 7:45 PM EST. Customers entering into their first loan with Cash Central may experience a delay in loan funding.
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