An installment loan could provide help during an emergency
If you’re looking for helping to pay for an emergency, perhaps a broken-down vehicle or an unexpected hospital bill, an online personal loan might be a good solution.
Personal loans are unsecured installment loans and offered based on your creditworthiness and a promise to repay the money. You don’t have to risk your vehicle or possessions like you would with a title loan or pawn loan. You also could pay a lot less in fees or interest than you would with a typical payday loan.
Many companies offer installment loans, including banks, credit unions, and online lenders. Before taking out a loan, you may want to compare the lenders’ loan amounts, loan terms, interest rate range, and fees.
What does RISE offer?
Lenders may focus on different types of borrowers, and some require good to excellent credit to qualify for a loan or have high minimum loan amounts. RISE offers installment loans in Missouri that could be a good fit for those who’ve had some credit trouble in the past but still need a small- to medium-sized loan to pay for an emergency.
RISE's installment loans have the following features:
- You can borrow $300 to $5,000
- The interest rate will be 60% to 299%
- There are no prepayment fees
- There’s a five-day, risk-free guarantee. If you change your mind and repay the loan within five business days, you won’t pay any fees.
Your credit, payment history, loan amount, and other factors can influence your loan’s term and interest rate. However, before you take out a RISE installment loan in Missouri, you’ll know exactly how much your payments will be and when your loan will be paid off.