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Installment loans are repaid over time by a fixed number of regular payments combining principal and simple interest.
Mortgage loans, student and car loans are all good examples of installment loans.
Crystal Rock Finance installment loans are similar in structure to mortgages, student loans, car loans and are mostly used to cover everyday emergencies.
Our loans offer a very simple and easy to remember format: fixed dollar payments, and a defined pay off date.
Why pick an installment loan over a payday or title loan? That’s easy!
Crystal Rock installment loans offer better terms and are more affordable than payday and title loans. This is important when borrowing responsibly and maintaining a budget.
- As consumers, we can borrow more money on an installment loan than on a standard payday loan
- Payday and title loans usually are due very quickly; mostly by your next paycheck
- Payday and title loans are 4 times more expensive on average than traditional installment loans