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What is an Installment Loan?


The installment loans offered by Infinity Loans allow you to repay the loan in scheduled payments that are substantially equal in amount (first and last payment may vary slightly). At Infinity Loans, an installment loan may be repaid early, which may save you interest. Available in UT, ID, NV, and NM.

How do I apply for an installment loan?

To apply online, all you need to do is fill out our simple application. Infinity Loans paperless application process is convenient, secure and simple. Make sure you have your social security number and banking information handy while completing the application. You will need this information to complete the loan application. Our simplified application process allows you to spend far less time waiting on the branch verification process.

How much can I borrow?

Installment loans at Infinity Loans vary by state.4 If approved, the amount you may borrow will also depend upon your income and standard underwriting criteria.

When will I receive my funds?

If approved, and all information is verified you will receive a check the same day.1,3 For verification purposes, we may need to contact you by telephone. Applications received on a weekend or holiday may be verified the next business day due to bank or branch closures.

Do I need to be employed? Can I be retired?

You do not need to be employed, but you need to have some sort of income. You may be self-employed, or receive income from a source other than an employer, but we will require you to have the ability to repay the loan. You may be retired or on disability. The key is to have a source of income.

Is my personal information safe?

Infinity Loans values your privacy and internet safety. Click here to read our privacy policy.

Is there any cost to apply for the loan?

No. You will not be charged to apply for an installment loan, whether or not you are approved. Plus, every loan comes with a 24-hour Satisfaction Guarantee. So, if you change your mind about your loan, just return the principal in cash to the branch within 24 hours and pay nothing more.

When will the loan be due?

Installment loan payments will generally be due on consecutive pay periods, and the term (length) of the loan will vary by state. You will be informed of the payment due dates and amounts if your loan is approved.

When will I know whether or not I qualify for a loan?

The application system will notify the branch which in turn will notify you if you qualify for a loan upon completion of the application. The information in your application must be verified before funds are paid at the branch. It generally takes less than 1 hour at the branch, if all information on the application is correct.1,3 Verification may not occur on weekends or holidays due to bank or branch closures.

How do I repay my loan?

Infinity Loans offers a variety of convenient ways to pay on your loan. You may choose which way works best for your busy schedule. You may elect to have a transfer of funds initiated from your bank account on the day the payment is due (ACH) or you may choose to bring in your payments to a local branch. Payments in the branch are accepted in Cash, Certified funds and now through a Debit Card. We do not accept debit cards over the phone for your protection, as our calls may be monitored and recorded for quality assurance.

If I pay my loan early, how does that affect my finance charge?

If you repay your loan in full at any time, you will only be responsible for accrued interest and fees on the outstanding principal through the date of repayment. So, if you pay off early, you will generally pay less interest.

What if I change my mind and decide I do not want the loan?

Every loan comes with a 24-hour Satisfaction Guarantee. So, if you change your mind about your loan, just return the principal in cash to the local branch within 24 hours and pay nothing more.

1 All loans subject to approval pursuant to standard underwriting criteria. Rates and terms will vary depending upon the state where you reside. High-interest loans should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any high-interest loan transaction.

3 Loan funding requires verification of application information. Depending on our ability to verify this information, loan funding may be extended. All loans subject to approval pursuant to standard underwriting criteria.

4 Loan amounts vary based on state law and the amount you qualify for under our standard underwriting criteria.

Our credit decision on your application may be based in whole or in part on information obtained from a national database including, but not limited to:

Teletrack
155 Technology Parkway, Suite 800
Norcross, GA 30092,
1-877-309-5226.

Why Choose Infinity Loans?

We make it easy to obtain the money when you need it most. Infinity Loans is a leading financial services provider, specializing in consumer loans. In business since January 2018, Infinity Loans focuses on serving consumers and seeking alternatives to traditional banking relationships by gaining convenient, immediate access to financial services. Our Customer Service team is comprised of seasoned and experienced individuals who are committed to excellence in your customer service experience.