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3 Month Payday Loans

Are you experiencing a financial emergency or budget shortfall that cannot wait till the end of the month? You may be tempted to take out a short-term loan that you’ll have to repay in a few weeks. It is not the best of choices as short-term loans have steep charges and have to be repaid in one lump sum payment.

Applying does NOT affect

your FICO® credit score!

You can try loans repaid over a course of three months. At Nation 21, we can connect you with reputable lenders that can give you affordable loans. These 3-month payday loans are some of their most popular cash loans. The entire application process is done online and is easy, fast, and free. Fill out your Nation 21 loan request today and get connected to the best cash advance lenders in the country.

Your options when in urgent need of money

Many employed Americans receive a salary that is just enough to take care of their monthly expenses. If you are in such a situation, it is highly likely that you don’t have savings to take care of unexpected expenses. Maybe, you have tried to save but the amount is not sufficient, in which case, you will be forced to borrow some amount to add on to your savings.

Now, besides borrowing loans, there are other options available to you:

1) Relatives

Borrowing the money from relatives may seem a laudable option if you have well-off relatives. However, you risk straining relationships with your relatives if you are unable to repay in time.

2) Bank loans

You may then consider banks but if your credit history isn’t so good you will most probably have your application rejected.

3) Pawnshops

Pawn loan shops will require you to submit an item that will serve as collateral to secure your loan. The item may be an antique valuable item, personal jewelry, electronics, furniture, etc. The lender will then evaluate your collateral and determine how much you can borrow against it. Usually, it is a small fraction of the value of your collateral.

If you are unable to repay the loan, the lender will sell your item to recoup their money. As such, if you have no other option but to borrow from a pawn lender, it is not advisable to use very personal belongings that can’t be replaced. You risk losing them forever.

4) Short-term payday loans

There are several types of payday loans. The most basic one requires you to repay the debt in a few weeks. Due to the short repayment time, the amount to be paid at each interval is much higher. The short-term payday loan may have helped you during your emergency but during repayment, it can push you into much deeper financial problems by straining your income.

Now, payday loans repaid over 3 months are in essence installment loans. That’s because they are often repaid in fixed monthly or biweekly amounts depending on the borrower’s pay schedule. You can even get an installment loan for a small loan amount that comes with a loan term of up to 6 and 12 months.

3 Month Payday Loans for Solving Urgent Financial Issues

Taking a 3-month installment loan payday-like should be explored when you have emergencies. Unlike personal loans, they come with high-interest rates that might be in the triple-digit range. It’s not wise, for instance, to use them when purchasing consumables or electronics. That’s because they will drive the cost of the items way up.

Applying does NOT affect

your FICO® credit score!

The repayment schedule of 3-month loans you can pay back monthly

If you choose to borrow a flexible loan you can pay back monthly, you negotiate with your lender how much you will repay each month. The rates differ depending on the lender and amount of money you have borrowed. For most of our lenders, if you take a 3-month payday loan you determine your monthly installment by dividing the total repayable amount by three.

Here is a sample of a repayment schedule for a loan you can repay in three months:

Loans Cash in dollars Monthly installment (in dollars) Total


Each lender in Nation 21’s network has a different set of eligibility criteria. There are some basic requirements that are quite common not only among Nation 21 lenders but other online lenders as well:

Age: You must be at least 18 years of age. In some states, lenders require a minimum age of 21 years.

Identification document: Valid US identification documents.

Citizenship: Must be a US citizen residing in the US at the time of application.

Residence: Should have proof of your permanent residence

Bank: A functional bank account is required to facilitate repayments.

Job/Income: Many lenders require you to have a stable job having worked in the same place for at least 3 months.

Pros of 3-month installment loans

1) More manageable

Loans that you can pay monthly rather than in one lump payment have the advantage of being more manageable. You’re less likely going to default or get caught in a situation where you’re rolling over your loan.

2) Small disruption to your budget

Budgeting for the repayments without heavily restricting your spending is another obvious advantage.

3) Apply with bad credit

Lenders for short-term loans are not in it for several years like banks. In turn, they don’t vet borrowers strictly. You will not have to authorize a hard credit check to have your reports accessed from the three main credit bureaus. Your credit score can be poor or fair, and still access credit.

4) Simple application

There is no paperwork involved. You just apply for your payday loan online by filling out a simple loan request form.

5) Fast funding

Usually, you get your money by the next business day.

6) No collateral or guarantor

You secure your 3-month payday loan without collateral or a guarantor. However, some companies might allow you to borrow much more when you secure the loan with assets.

7) Ideal for salaried employees

These loans are ideal for people that have jobs that pay a salary monthly or biweekly.

8) No limitations on how you spend cash

There are no limitations to what you can do with the money. You can use it to pay for your vacation, consolidate your previous credits, or even top up your savings to make a purchase.

Can you pay a payday loan off early?

Payday loans or personal loans for bad credit come with steep interest rates. To help customers save money, online companies allow customers to pay off the loan early without pre-payment penalties or restricting the amount you can pay off.

What are the best payday loans online?

There is no single company offering the best loans. It’s up to you to compare products by checking their interest rates, loan amounts, loan term, lender reviews, etc.

Use Nation21 Loans to find the best possible payday loans. Our loan matching service generates multiple loan offers for you. Just compare them to find the best products for your emergency.

Applying does NOT affect

your FICO® credit score!

Do you have any further questions?