Your car has come up for repairs and needs replacement of few major parts. Obviously, repair expenses are going to be substantial and you have to arrange money for the same.
As you have no savings right now, you have to borrow funds and considering the size of the loan, you can go for it only when lenders give you long tenure to repay the loan.
Long term installment loans are one source of funds that meets your requirements perfectly. Not only do you get big amount of money as loan, lenders even help you in repaying the loan easily by agreeing to accept repayment in several installments.
As lenders are not imposing any restrictions on loan usage, you have total freedom to use it to get your car repaired.
As a rule, lenders offer monetary assistance to the extent of $1000 through these loans.
Nevertheless, with an eye on safe recovery, lenders compute amount of your loan after knowing about your capacity to pay loan installments without any problem from your monthly income. Repayment is long term in nature and extends to several months.Are you a non-homeowner and hence unable to provide security to your loan? Do not worry! Since lenders approve long term installment loans without asking for any security, you stand a very good chance of getting the loan.
Moreover, any credit issue like foreclosures, defaults, etc. that you may have does not affect your chances of getting the loan because absence of a formal credit check ensures that your credit history does not enter the scene.
Submitting loan application is through a borrower friendly online format. You just have to login to lenders website, fill-in a simple form and submit the same online.
You can do this from the comfort of your home at any time without affecting your work schedule. Moreover, you need not fax any document in support of the information furnished in your application because lenders do not ask for the same.
