About Our Installment Loans

What kind of loans do we offer?

Security Finance offers traditional installment loans. Traditional installment loans allow borrowers to secure a specific amount of money and repay that money, with interest or fees, through a series of fixed monthly payments or installments. Typically, these loans have set terms and equal monthly payments and may be secured or unsecured. The size of the loan and the number of monthly payments will vary by state and lender. Traditional installment loans may also be referred to as a personal loan or a consumer loan.

What can you use installment loans for?

Traditional installment loans can be used for a variety of purposes, such as cash for home or car repairs, school supplies, a new appliance, or a vacation. They’re commonly used for debt consolidation and unexpected expenses: hospital bills, car repairs, home maintenance, such as a new HVAC unit, or even pet emergencies. Unexpected travel for family emergencies also might be a reason to look into a traditional installment loan. These loans sometimes have a higher interest rate than other types of loans.

What if I have bad credit?

At Security Finance, we do not require our customers to have perfect credit to be approved for a traditional installment loan. Our expert team wants to help guide you to the best solution for your financial situation and match you with the most appropriate, affordable monthly payment available. The Consumer Financial Protection Bureau provides these tools to help consumers understand their credit reports and credit scores.

How does repayment for personal loans work?

Your first monthly payment typically is due in 30 days, and each month thereafter until paid in full. Each payment, or installment, represents a portion of the principal amount borrowed, plus associated charges and fees as detailed in the loan agreement. You can make your payments with cash, check, money order or debit card. Debit card payments may be made over the phone, in the branch, or via the Security Finance℠ Mobile App.

What We Need When You Apply For A Loan

Branch personnel will need the following information:

• Your current (and possibly previous) residence
• Your employment history (and/or information on sources of income that you will use to repay the loan)
• Your Social Security number
• Your monthly expense items

And, as part of the application process, you must authorize us to obtain a credit-bureau report to further assess credit and payment history and to complete a budget.

When an application is approved, the branch personnel will let you know of any additional items that may be needed. If all information is available and can be verified, an application decision may be made within an hour; however, there are circumstances for which the decision may take longer.

If you choose to become one of our valued customers, you may make your monthly payment at the branch where you obtained the loan by cash, check, money order, or a debit card. If you prefer, you may also mail a check or money order, or use our mobile app to make your monthly payment.

Throughout the process, remember that Security Finance is here to help. We pride ourselves on being readily available to answer financial or account questions, and always keeping communication open, honest and respectful.

*Please refer to your state from the list to determine the loan amount that you could be eligible to receive.    All loan inquiries are subject to credit limitations and underwriting policies as reflected below.