Loan Types

Always Money® Installment Loans

Get a personal loan from Always Money® today that is repaid in multiple payments.

How Do Installment Loans Work?

Life has its surprises, and when you need money fast, Always Money® is here for you. Our Installment loans are designed to give you the cash you need today with the flexibility to pay it back over time.

In Alabama, you can get an Always Money® Installment loan ranging from $100 to $2,900. In South Carolina, our Installment loans range from $650 to $2,500. And in Mississippi, our Installment loans range from $500 to $2,500. You get to decide how you want to pay it back, with a variety of plans based on location and credit history. Loan amounts and repayment terms may be limited based on underwriting requirements and ability to repay.

What is an Installment loan?

An Installment loan is a type of personal loan where you receive a fixed amount of money upfront and agree to repay it over a set time period through scheduled payments. With this option, you make a set payment on the same day each month, combining both the principal and interest charges. This ensures that the balance decreases with each payment, and the loan is fully repaid at the end of the agreed-upon term.

What is the difference between an Installment loan and a regular loan?

Unlike regular loans that often demand one big payment, an Installment loan offers flexibility. Instead of dealing with a large lump sum, you have the freedom to make smaller, more manageable payments over time. It’s a convenient way to handle your financial needs.

Is a credit check required for an installment loan?

At Always Money®, we understand that everyone’s situation is unique. To make sure we’re lending responsibly, we do a credit check. This helps us understand your ability to repay and figure out an amount that you can realistically afford.

Is it bad to pay off installment loans early?

Not at all! You can pay off your Always Money® Installment loan anytime without any penalty or extra fees.

How do I apply for an Always Money® installment loan?

Simply fill out our loan application to kick off the process! You have the flexibility to do this online, over the phone, or in person at any of our conveniently located branches. Once your application is submitted, our team will review it and your supporting documents (Bank statement, ID, Paystub, Utility bill). Upon approval, you’ll receive offers with loan amounts and repayment options tailored to your specific needs.

After you choose your preferred loan offer, you can pick up cash or a check at one of our locations. You may create your online Always Money account that will allow you to easily make loan payments, keep track of balances, and stay informed about the essential details of your loan.