overview of infinity loans

Overview of Installment Loans


An installment loan is a loan that is repaid over time with a set number of scheduled payments. A mortgage loan, for example, is one type of installment loan.

At Infinity Loans, we offer two different installment loan products: Secured (by a car title) and unsecured. Secured loans generally have lower interest rates than unsecured loans, and also carry a lower annual percentage rate (APR). That is because we may have the right to repossess the car if there is a default on a secured loan.

Our loan terms generally range from 6 to 24 months and are “fully amortized”. This means that each payment includes both principal and interest. If all payments are made on time, at the end of the loan term, the loan is paid in full.

Depending on the state you apply for a loan in determines the type of credit Infinity Loans utilized for the approval process.

At Infinity Loans, we pull your FICO score. Infinity Loans may not require as high of a credit score as a typical bank would. Infinity Loans does report  back to the credit bureaus on time and past due payments, allowing you the potential of increasing your credit score as long as payments are made on time.

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.