Flexible Installment Loans to Match Your Needs
At EvaBank. We offer a diverse range of installment loans. From loans for commercial equipment to recreational vehicles, whatever you need financing for — we’d love to help!
With the ability to provide purchase assistance for a range of commodities and personal matters, it’s only natural that the terms of your loan are broad enough to match your needs.
This is why in most cases, repayment plans can be adapted based on:
- The year/model of the collateral
- Your credit score
- The percentage of your down payment
The freedom to make financial decisions that work for you.
Loan Approval Not Based on Your Credit Score
Because we like to take the full scope of your financial situation into account, having a bad credit score won’t automatically exclude you from getting an installment loan. Even though your credit score can impact your repayment options, our final decision is never credit score based.
Why are we so flexible? Because sometimes, we all need a helping hand.
A Diverse Range of Installment Loans
We’re of the mindset that you never know what you might need additional funds for. That’s why we offer purchasing assistance for a variety of reasons.
Just some examples of what you can use installment loans for:
- Commercial Equipment
- RV’s
- Boats
- Tractors
- Farm Equipment
- Inventory
- Recreational vehicles
- Automobiles
- CD-secured loans
- Personal/Unsecured loans
Don’t see your needs listed? Our team of lenders will be able to advise you further on the application process for the kind of financial assistance you need. Chat with a Lender today.
Fair Interest Options
At EvaBank, you only need to pay interest on the amount outstanding on your loan, for the length of time you have the loan.
As an additional bonus, our loans are also free from prepayment penalties. If you want to pay off your loan early, we have no problem with you doing that!
Not Using Our Banking Services?
To apply for an installment loan, it’s not essential to be a pre-existing EvaBank member. However, because our banking services offer just as many benefits as our loans — it makes sense to sign up!
As an independently owned bank with branches all over Alabama, we help both personal and business clients get more from their banking.
Just some of our banking service highlights:
Your Installment Loan Application
Our lenders always do their best to make the loan application process as seamless as possible. Regardless of what you need your loan for, we’ll be happy to guide you through the process.
Step 1:
After connecting with our team and submitting some important details, we can check your credit score and gain a clearer insight into your financial situation.
Step 2:
Once we’ve gotten to grips with your finances, we’ll be able to provide you with information about the type of loan you can qualify for and the repayment options available to you.
Step 3:
Once we have everything we need and your pre approval is in motion, you can start preparing your down payment. For more information about the terms of your down payment, your lender will be able to offer targeted advice based on your personal circumstances.
Step 4:
If you’re happy to proceed, our lenders can get your loan set up as soon as possible so you can focus on your purchase!
Frequently asked questions
Can I still get an installment loan with a bad credit score?
At EvaBank, we don’t base our loan decisions on your credit score. Instead, we consider your entire financial situation and make an informed decision based on the amount you’re borrowing and the purpose of the loan.
What percentage will my loan down payment be?
On all of our installment loans, the down payment required will depend on the type of loan you’re taking out and your personal circumstances. Feel free to contact our team to find out more!
Can I pay off my loan early without penalties?
You can! At EvaBank, none of our loans have prepayment penalties. If you can pay off your loan earlier than expected, we’re happy for you to do so!
Do I need to be a current member of your bank to get an installment loan?
To get an installment loan, you don’t need to be a pre-existing member of our bank. However, signing up to banking services is something our personal and business clients don’t usually need to think twice about. You can find full details and benefits of our services on our website or by contacting our team.
Don’t let your finances hold you back from living the life you want.
For inquiries, see links below.
Please contact the main EvaBank office located at 1710 Cherokee Ave SW., Cullman, AL 35055 for HMDA disclosure statement requests.
