The word “installment” in “installment loan” refers to the way a borrower repays a loan. Installments are incremental payments a borrower uses to pay back an installment loan.
For example, a borrower might receive their installment loan all at once in one lump sum. But they’ll pay the loan back in smaller monthly payments over the course of however many months are outlined in the official loan agreement.
With a repayment plan, borrowers can get their loan money all at once and pay it back in smaller, easier to manage increments.
Visit the Nevada rates and fees page to learn more about Nevada installment loans from Check City and our rates and terms, interest rates, any credit score requirements, overdraft fees, credit limits on types of loans, and how we handle credit reports.
You can also contact a Check City representative or start an online chat to learn more. Your customer satisfaction is important to us, and we pride ourselves on the exceptional customer service experience we provide.