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How an Installment Loan Works

An installment loan from Avío Credit is deposited directly into your checking account and is paid back over a specific time period.

Installment Loans Explained in 5 Simple Steps

1. Complete your application

You can complete your loan application 100% online. When applying, you will need to provide a valid ID, income & bank account information.

2. Receive a lending decision

After submitting your application, we will provide you with a lending decision.

3. Decide how much you want to borrow, up to your approved amount

If approved, you will be provided with a funding limit. Take out as much as you like up to that limit.

4. Receive your money

Have your money direct deposited into your checking account.

5. Make payments

Make regular payments over time, with the option to pay off your loan early.

How Much Will My Installment Loan Cost?

Loan amount: $1,000.00 $800.00 $600.00
Amounts Due for
Monthly Payments 1-24*
$123.79 $99.03 $74.27
Term 24 Months 24 Months 24 Months
APR** 138.16% 138.16% 138.16%

*Payment schedule for illustrative purposes. Final payment may vary slightly.

**APR is based on example loan terms of 24 installments due over 24 months. The table above is specific for the state of Missouri. See our Rates and Terms page to find other examples.

Installment Loan Questions

Avío Credit funds loans using direct deposit. Your money will be deposited into your bank account as soon as the next business day.
To make a payment, visit your online account or call Customer Service at 1-888-638-2846.
You can apply for your online installment loan by either signing into your Avío Credit account or by clicking Apply Now anywhere on our website.