Preferred Loans has been in the business of offering short term loans (or payday loans) for over 30 years. If you find yourself in a time of financial instability, but are not sure of your options, let us help you.
Here are some of the benefits of a short term loan.
- Easy to apply: Using our online application process, you can apply, and be approved in a matter of minutes.
- Get help fast: Short term loans will be deposited into your bank overnight, affording you the financial help, without the wait.
- Flexible: You can apply for an amount up to $1200. Maybe you missed a car payment and only need enough to cover that particular bill. Or, if you want, you can apply for a little extra to get you through to that next paycheck without having to use your high interest credit cards to survive. Then, when you get your next check, just pay the loan back. It’s as easy as that.
- Apply at Any Time: No one knows when an emergency might come up, that’s why Preferred Loans has an easy to use online application system. Apply at any time and we will get you emergency funds to you within 24 hours.
- Secure: Your information is completely secure and we will not be shared with any companies outside of the Preferred Loans affiliates.
Preferred Loans wants to make sure you get the right help at the right time. But sometimes, you might not know which option is best for you. So take a look at the Loan Comparison Chart Below to see which situation might apply to you.
|Short Term Loans||Installment Loans|
|Re-payment Terms||Usually 2 weeks.||Up to 6 months, depending on the lender.|
|Loan Amounts||Typically less than installment loans, ranging from $100-$1200.||Loans can be higher with installment loans, $100+|
|Benefits||Perfect for emergencies, but should not be used for prolonged periods.||Better for longer term loans, with more flexibility on payment terms.|
|Re-payment Frequency||Occurs on your next pay day.||Can be repaid weekly, bi-weekly, bi-monthly, or monthly.|
|Online availability||Available Online||Available Online|
|Flexibility||Not as flexible as other options||Very Flexible|