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Installment Loans FAQs

Avío Credit offers personal loans in the form of installment loans in some states. Take a look at our collection of installment loan frequently asked questions and answers.

The Essentials

A: An installment loan is a personal loan that is funded in one amount and paid back over time. For example, say you got approved for $1,500. You’d get $1,500 at once and make payments over a set period of time.
A: Applying for an online installment loan is as easy as clicking Apply Now anywhere on our website! You can also call us at 1-888-638-2846 to apply for a loan over the phone.
A: Both loans are personal loans that can provide you with quick access to money. The main difference is in the fees and access to additional cash. With an installment loan, you will have a set term. Throughout that term, you will make consistent payments. At the end of the term, the loan is paid in full and if you need more money, you can apply for a new installment loan. A line of credit loan basically works like a credit card. It doesn’t have a set term associated with it. As long as you have a balance, payments will be due regularly. If you need more money at any time, you can get a cash advance against your line of credit (no need to apply for a new loan).

Online Installment Loan Application

A: Do you know what makes Avío Credit a 21st century lender? Online loans! Since we don’t have physical stores (which helps us provide lower interest rates), the whole online installment loan process is at your fingertips, literally! All you need is your trusty friend, Wi-Fi.
A: Avío Credit funds loans using direct deposit to get your money to you as quickly as possible. Your money is typically deposited in less than 24 hours, although sometimes it may take a little longer.
A: Complete Avío Credit’s 100% online installment loan application with 5 simple steps:

Complete your online loan application

Receive a lending decision

Choose how much you want to borrow, up to your approved amount

Receive your money

Make payments

Installment Loan Repayment

A: Making a payment on your installment loan is a breeze – simply pay via your online account or over the phone at 1-888-638-2846. You can pay anywhere, anytime!
A: Yes! If approved for a personal loan and you elect to enroll in convenient automated payments, you will be able to setup a payment plan. While we strive to make repayment easier for you, enrolling in automated payments is always optional!