Loans in Pearland, TX - Installment & Personal Lending (2024)

Our Loan Options

Online Loans

Online loans in Pearland are designed for anyone seeking a quick solution to their immediate financial issues. If you don't have time to come to one of our loan places in Pearland, TX, or the surrounding area, we offer a quick and easy credit application process. If you apply for online loans in Pearland during business hours, you’ll usually receive a decision on your application within minutes!

Personal Loans

Personal loans are consumer credit loans given to individuals for various purposes. They have fixed payment amounts over a certain period. Because of the consistent payment schedule, securing Pearland personal loans may be preferable in comparison to traditional revolving credit or credit cards. These loans are repaid in monthly installments over a predefined time period. If payments are completed on time, these can also be used to improve your personal credit score. Tower Loan offers secured personal loans in Pearland, TX, within certain limitations.

Installment Loans

An installment loan is when a customer borrows money over a specific period of time and is returned in monthly payments. Unlike revolving debt such as credit cards, these loans are advantageous because the APR and interest rate are set for the payback period. Tower Loan provides a variety of installment loans in Pearland based on the amount that best suits your needs. This allows you to schedule your payment each month and prevents skipping payments due to revolving debit's monthly interest adjustments.

Vacation Loans

Vacation loans are an excellent way to make the most of your time away from home with your family or friends. You don't have to dive into or deplete your savings account using personal finance for your next vacation. You'll have a set amount of installments and a stable interest rate with Tower Loan. When money is tight, Tower Loan’s personal vacation loans are here to help you create lifelong memories forever. We love assisting our customers in achieving their dreams of seeing the world. Vacation loans are just one of the numerous ways Tower Loan can help you today!

Home Improvement Loans

Home renovation tasks may be costly, from upgrading pricey appliances to installing energy-efficient windows to upgrading a plumbing system or embarking on substantial structural repairs. Your home repair efforts may surpass the amount of money you have to pay out-of-pocket, depending on the tasks and contractors you choose.

That's why home improvement loans are so valuable: they provide you the money you need to fix, maintain, or upgrade your property. If you’re looking to upgrade your home, you don’t have to run around looking for loans. Pearland, TX, has a Tower Loan office ready to serve you.

About Tower Loan

Tower Loan has been assisting our customers with loans in Pearland, TX, and the surrounding states since 1936. There's no need to worry about becoming stuck in revolving debt because all of our loans have equal installment payments.

We have over 230 locations around and have worked hard to earn the trust of our community to become one of the premier loan companies in Pearland. We take pleasure in providing the finest possible customer service to our clients. At Tower Loan, we pay close attention to your needs to ensure that the process of acquiring credit is as simple as possible.

Whether you’re looking for loans in Pearland, or want to start on some home improvements, the process is straightforward:

Fill out and submit an application. You can do so online, by phone, or by visiting one of our local branches. To get an instant response on your loan application, we'll ask for certain personal, financial, and work information.

Double-check your details. You might have to answer a few identity questions if you submitted your application online. Otherwise, you'll need to go to the nearest branch to have a loan professional check your name, income, and collateral (if applicable).

Sign and collect your loan after completing the application. You can sign your paperwork electronically after picking your term choices, and then simply wait for a deposit to be paid into the account you submitted. We will provide you a check for the proceeds of your loan if you review and sign your documentation at one of our many office locations.

Educational Resources

Tower Loan is the go-to resource for anybody interested in learning more about their financial situation and lending possibilities. We’ve compiled a huge repository of information on how to apply for a loan, as well as blog posts with financial education tools and financial services support so you can stay on top of your finances.

Our objective is to give financial education, vacation suggestions, and home renovation ideas. Check out our blog to find answers to many of your questions regarding personal finances and how to make your money go farther!

Loans in Pearland, TX - Installment & Personal Lending (2024)

FAQs

What is the easiest place to get a personal loan? ›

Easiest-to-get personal loans compared 2024
TitleAPRLoan amount
BadCreditLoans.com5.99% to 35.99%$500 to $10,000
Upstart5.2% to 35.99%$1,000 to $50,000
Avant9.95% to 35.99%$2,000 to $35,000
LendingClub9.57% to 35.99%$1,000 to $40,000
6 more rows
Mar 28, 2024

Is there a difference between a personal loan and an installment loan? ›

Personal loans are installment loans. In both cases, you get a chunk of cash all at once, and then repay it over a few months or years. Personal loans are just one type of installment loan. Others include auto loans, student loans and mortgage loans.

Do installment loans hurt your credit? ›

You can use installment loans for a variety of expenses, such as a car, a house or paying for an event. Installment loans can help improve your credit score over time with regular payments, but missing a payment can cause a dip in your score.

What qualifies as an installment loan? ›

An installment loan is a credit account that provides a lump sum to be paid off over time in equal monthly payments. Personal loans, auto loans, mortgages and student loans are all examples of installment loans.

How to get a loan when no one will approve you? ›

Ask Someone To Co-Sign

Getting a personal loan with a co-signer that has a strong credit score and a solid income can boost your application. Your co-signer – ideally, a family member or close friend – will apply alongside you, and you'll both be responsible for repayment of the loan.

What is the easiest loan to get approved for? ›

The easiest types of loans to get approved for don't require a credit check and include payday loans, car title loans and pawnshop loans — but they're also highly predatory due to outrageously high interest rates and fees.

What are disadvantages of using a personal installment loan? ›

If you don't keep up with your monthly payments or fail multiple applications, personal loans can harm your credit score. When you apply for a loan the lender will conduct a hard-credit inquiry, which will knock your score down a few points and the amount of debt you owe vs. your annual income can damage your credit.

What are the disadvantages of an installment loan? ›

Examples of installment loans include auto loans, mortgage loans, personal loans, and student loans. The advantages of installment loans include flexible terms and lower interest rates. The disadvantages of installment loans include the risk of default and loss of collateral.

What are the two main types of installment loans? ›

There are two types of installment loans; unsecured or secured. An unsecured loan does not need any form of collateral, only a promise to pay back the debt.

Is it bad to pay off installment loans early? ›

In most cases, you can pay off a personal loan early. Your credit score might drop, but it will typically be minor and temporary. Paying off an installment loan entirely can affect your credit score because of factors like your total debt, credit mix and payment history.

Are installment loans worth it? ›

Are installment loans worth it? Installment loans are worth it if you need to pay off a large purchase over time and the interest rate, payoff period, and loan amount are better than other options. You should consider getting an installment loan only if your expense is necessary and you know you can pay it off on time.

How long does an installment loan stay on your credit? ›

A personal loan can stay on your credit report anywhere from a few years to up to a decade, depending on how you managed your debt. Missed payments may remain on your report for seven years, while bankruptcies and closed accounts that you've paid in full could stay on your report for a decade.

What is the most common type of installment loan? ›

  • The most common type of installment loan is a personal loan, but other examples of installment loans include no-credit-check loans, mortgages and auto loans.
  • An installment loan is a type of closed-end debt, which means you pay it off over a set number of years, also known as your loan term.
Feb 12, 2024

What are the three most common types of installment loans? ›

The most common types of installment credit are mortgage loans, auto loans, personal loans and student loans. That said, even some credit cards, which are a form of revolving credit, offer installment plans for certain purchases.

What are three examples of installment loans? ›

Three examples of installment loans are personal loans, mortgages, and auto loans. Personal loans can be used for almost anything, while a mortgage is for financing the purchase of a home and an auto loan is for purchasing a new or used vehicle. There are also other types of installment loans you should be aware of.

Who has the fastest loan approval? ›

Best Quick Loans Comparison
LenderAPRApproval/Funding Timeline
LightStream7.49% - 25.99%Same day - 2 business days
Best Egg8.99% - 35.99%2 - 4 business days
Upgrade8.49% - 35.99%2 - 3 business days
OppLoans160% - 179%2 - 3 business days
2 more rows

Who is most likely to get approved for personal loan? ›

In general, people who have a FICO® Score 8 or FICO® Score 9 of at least 670 or a VantageScore 3.0 or VantageScore 4.0 of at least 661 are considered to have good credit or excellent credit, which means they may find it easier to qualify for a personal loan.

What is the easiest loan to get immediately online? ›

Payday, car title and pawn shop loans, as well as credit card cash advances, can offer same-day funding. Some personal loan lenders also offer more or less instant approval and funding. Applying for a personal loan online will likely be the most secure, fastest and easiest way to get a loan.

Can you get a $5,000 personal loan with no credit? ›

The best way to borrow $5,000 with no credit check is to apply for a personal loan from a lender that will not do a hard inquiry into your credit history, like Upstart or OneMain Financial. To determine if you can repay the loan, the lender will look into other things like your income and employment status.

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