Magic Installment Loans Review

Magic Installment Loans ReviewMagic Installment Loans may be a suitable alternative to payday loans since you’re given more time to pay them off, and in increments as well.

An installment loan is a type of loan that is paid on schedule payments within a specific period. The length of repayment can be for a few months to several years. The problem with this type of loan in the past was that the application and approval could take time, which could not be convenient if you needed the cash quickly.

Collateral is also needed a and credit check is often done. So if you have bad credit, there was a big chance that your application would not be approved.

But today you can apply for an installment loan and be approved fast even if you have bad credit. If you are planning to apply for a loan, you may consider sending your application to Magic Installment Loans.

Magic Installment Loans Review – Let’s Look at the Company

Magic Installment Loans is a certified matching loan service provider that can help you get the amount you need fast and pay on terms that would be convenient for you. Note that the site does not directly provide loans. Instead, they will analyze the information you provide and match you with the best lender on their network.

This is convenient as you can save time and effort searching and comparing on the available lenders and their terms. There is also no cost to use their service. Service is available 24/7 so you can send your application anytime.

How It Works
The process is very easy. In just a few clicks of the mouse, you will be able to complete the application and be approved in minutes. On the main page of the site, enter the amount you need, which can be up to $10,000; your credit type, monthly income and zip code. Click the Apply Now button.

The site will analyze the information you provided and find the best match for you. You will be automatically taken to the website of the lender that it found for you. On the lender’s site, you can find the terms and rates. If you would like to proceed with the loan, you can send your application on the lender’s site. You will then be scheduled for an appointment to meet with the lender personally. This is where you will talk about the specific details of your loan including the amount borrowed, amount to be paid, payment method and schedule. If you agree with the terms, you can sign the contract and instantly get the amount approved.

Contact Information, FAQs and Rates
The website is user friendly and it contains the information you would need for your loan application. You will immediately see its application form on the main page so you don’t have to look elsewhere. On the lower part of the page, the benefits that you can get in using the service are shown.

As a first time borrower or as a first time user of the site, you may have questions about the process or their service. The site has an FAQ page that covers the most asked questions by clients and comprehensive answers.

When it comes to rates and fees, only the lender that approved your loan can give you the details, as they vary from one lender to another. Also, these lenders calculate your rate considering various factors including your credit score and gross income. As mentioned, these lenders will present to you the details of the loan including the rates and other fees before having the contract signed.

Magic Installment Loans has an online calculator that you can use to estimate your monthly payment. This is helpful as you can plan on the amount to borrow and the period to complete payment that would be convenient for you. Payment period can be from 12 months to 3 years, depending on what you and your lender have agreed upon. While there are some lenders that are willing to lend over $10,000, most of them usually offer a maximum of $10,000 depending on various factors.

If you have any concerns or questions with Magic Installment Loans, their physical address and e-mail address are posted on the contact us page of their site. A map for their office location is also there, though it is not detailed. Their phone number is not posted on the site so the options provided are the only ways that you can reach them.

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