Installment Loans

Serving Garland, Arlington, Dallas & the Surrounding Areas

An installment loan is a type of loan where you borrow a set amount of money and receive it all at one time. Unlike lines of credit, the amount of the loan must be decided before borrowing the funds. The interest rate of each loan depends on the borrowers credit history. A stronger credit history can mean a lower interest rate. If possible, ensure your credit history is at least average before applying for an personal loan with Time Finance Company, Inc.

To repay the loan, you have a fixed number of payments that are known as “installments.” Some loans have fixed payment amounts, meaning the payment does not change over time. Installment loans can be beneficial because you get the funds you need and there are no surprises when it comes to repaying it. This could make it easier for you to budget each month, knowing the loan will be paid off by a certain date.

Installment loans are some of the most common loans that people take out and includes:

Paying your loan on time will also help with your credit report and credit score.  Time Finance Company, Inc. is NOT a payday loan company. Apply online today for quick and easy loans with monthly payment options. 

 

Predictable Payments To Keep You On Track

A personal loan allows you the freedom to deal with unanticipated problems or chase the opportunities you want while there’s still time. It gives you the peace of mind to know that if something comes up, you’ll be able to deal with it effectively. A loan can make up the difference and you will have the money you need at just the right time.

If you are considering an installment loan, count on Time Finance Company. Inc. For over 50 years, our family owned and operated company has provided loan distribution services throughout the Dallas area. Our customer service staff is bilingual to best serve you. Please do not hesitate to contact us today to learn more about installment loans or to secure one for your needs! We look forward to working with you.

Common Questions

How much can I borrow?

We offer Personal Loans that fit your needs. Whether it’s to cover a small expense or improve your home we offer personal loans between $150 – $1,460.

How does the repayment period look like?

Our min/max repayment period is 2 – 13 months.

What is the max APR rate?

Please call or email us for more information. Below are a few examples.
2 months for a max loan of $1,460 with an APR 81.57%
13 months for a max loan of $1,460 with an APR 82.30%
2 months for the lowest loan of $150 with an APR is 141.38%

How much interest do you charge each month and per every $100?

The interest on our loans are equal to $4 for each $100 borrowed each month. For Example: if you borrow $200 for 4 months. You will pay $4 x 2=$8 per month and times that by 4 months. So, $8 x 4 months= $32 in interest. Plus, the 10% acquisition charge of $20. Brings the total interest and fees come to $52 if you take the full 4 months to payoff your loan. The State of Texas sets our interest