Installment Loan FAQ
What is an Installment loan?
An installment loan is a short-term loan between $100.00 to $3000.00 that is provided to a consumer within lending terms as needed to meet a financial need and repayment plan based on a consumers pay dates that will be repaid over a set period of time not to exceed 180 days.
Why Should I choose Allied Loan Company for my Installment loan?
We understand that in unexpected times of financial burdens you need a company that can be trusted with confidentiality and convenience to assist. We are also licensed and regulated by the Office of Consumer Credit Commission in Texas.
How do I apply for an Installment Loan?
Allied Loan Company gives you different options on how to apply for a loan. You can fill out an application here on our website and one of our service members will review your information and contact you with the next steps. You can also walk in to one of our locations to fill out an application.
What do I need to bring in when I apply for an Installment Loan?
When applying for an Installment Loan with Allied Loan Company you will need to bring in a copy of your bank statement from the last 30 days, most recent proof of income (check stub, employer earning statement or benefit award letter), current state issued Identification card or driver’s license, and debit card.
How long does the process usually take to get approved for an Installment Loan?
Installment Loan approvals can take up to 20 minutes depending on how long it takes to verify all of the information provided when submitting your application. Allied Loan Company strives to make the process as fast, easy and convenient for our consumers.
What is the maximum amount that I can get approved for?
Allied Loan Company Installment Loan amounts are from $100.00 to $3000.00. The maximum amount of an Installment Loan that you are approved for does depend on your monthly income and your ability to repay back to Allied Loan Company.
When and how will I get my Installment Loan Funds?
Allied Loan Company funds the same day and you will be issued a check for your installment loan.
When will my payment start for my Installment Loan?
Your payment will be on your next pay cycle. You will be provided with the information showing the complete breakdown of payment amounts including dates when your account will be due at the time your Installment Loan is approved.
What type of Installment Loans to you offer?
Allied Loan Company offers Installment Loans that have a scheduled repayment of 5 payments or 10 payments depending on your income pay cycle.
What if I have trouble making payments to my account?
If you are having financial difficulty we will work with you in order to get your account back in line. If you have additional financial troubles you may look at the link for further resources available through the City of San Antonio. http://www.sanantonio.gov/Portals/0/Files/Finance/Education%20Assistance%20Programs.pdf
Do you provide Installment Loans in other states beside Texas?
No unfortunately we do not process Installment Loans for other states. We only service San Antonio, TX and the surrounding areas.
Online Application
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