How Do I Apply For An Online Installment Loan?

For customers who would like to take out an online installment loan in Texas for help, we here at Texas Title and Payday Loan Services, Inc. make it easy. We offer installment loans to people in a variety of emergency circumstances. Our goal is to help customers overcome financial emergencies and to make sure they have the funds they need to meet their monetary obligations. In fact, getting this online installment loan can be a relatively quick and easy process.

What Is An Installment Loan Exactly?

If you have never applied for an online installment loan before, there are a few things that you need to know. It’s a good idea to familiarize yourself with the basic process and the required items before you start, so it can be made as smooth and easy as possible. As a matter of fact, this type of loan is easy to understand if you take the time to fully prepare yourself. Keep reading this guide to learn about the required items and the process.

What Is The Process For An Installment Loan?

woman applying for installment loan over phone

1. Get The Required Items Ready

Just like with any kind of loan, you are going to need to show us some required items before you can take out an online installment loan. These items protect everybody involved, and stops people from fraudulently borrowing money in other people’s names. Firstly, you need to make sure you’ve got some state-issued ID. That can be a passport or a driver’s license, but could also be another kind of identification, as long as it is official and has been issued by the state, not by private companies.

You’re also going to need an active checking account registered under your name. You must have this account so that we can get a clear picture of your finances. Without having this full view into your finances, we won’t be able to determine if you qualify for this loan. Remember, your income and your financial situation determine if you can get this loan and how much we can lend you, so it is important we can see what your current finances look like.

Finally, you’ll be required to demonstrate that you are capable of paying the loan back – and that means you must demonstrate proof of income in the form of your most recent pay stub. If you don’t have a traditional job, you will need some other way to show how much money you have coming in each month. Because this kind of loan is unsecured, it’s necessary to have this proof. If you aren’t sure what might qualify, get in touch and chat with an agent to get more details.

2. Begin Applying For The Loan

After you’ve got everything together, you can apply over the phone by calling 1-800-227-4707, or by filling in an application online. Whether you give us a call or you fill out the online application, you will still speak to one of our representatives from the nearest installment loan store location. They will go over what you need to bring and answer any questions you may have. This is also where they will set up a meeting for you to come in with your items so we can assess them.

3. Head Down For The Meeting

As we said above, the agent will set up a meeting for you at the nearest store location. They will assess your items and run your credit to determine if you qualify for approval and how much we can lend you. The good news is that this process shouldn’t take too long. It’s also reassuring to note that both over the phone and in person, your information will be stored securely, and you will be treated with respect and dignity.

couple meeting with representative regarding their online installment loan

4. Find Out If You Qualify For Approval

After we’ve assessed your items and ran your credit, we’ll let you know if you are approved. If you are, you should receive the money either the same day or the following working day. If you apply before 12:00 pm, you are more likely to receive the money on the same day, although this is not guaranteed. If you apply after 12:00 pm, you will probably receive the money the following business day, but it should be no later than that.

How Do You Repay The Money?

An online installment loan is generally repaid in chunks, also known as installments – hence their name. When you take out an installment loan, you’ll be given information about the repayment schedule before you sign anything. If you’re unsure about how anything works, you can just ask the agent who is helping you, and they’ll explain it to you. It’s okay to ask as many questions as you need throughout the process.

Get An Online Installment Loan Now

If you are looking to take out an online installment loan, Texas Title and Payday Loan Services, Inc. is here to provide everything you need. With friendly and respectful customer service representatives, a simple process, and options for various credit levels, we may be the help you need for your financial difficulties. As you can see, getting an online installment loan isn’t very challenging. So don’t waste any time and fill out the online application or give us a call today!


Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.