Personal Loans for Various Personal Needs

Unless the loan is owed collectively by at least two people (which can be more as well- such as a country getting funded by the world bank for example) or an organization, it is a personal loan. One might spend the loan money for a collective purpose such as towards family or friends, but as long as s/he is the lone debtor, the funding is a personal loan. That is why mortgages, student loans, car loans, payday loans, emergency installment loans and business loans are primarily considered to be personal loans.
As you may have noticed, some of the personal loans are specialized to target borrowers with various needs. A college student would prefer a student loan, a home buyer would want a new home loan, and an entrepreneur would always want a business loan.
On the other hand, payday loans and small-cashed installment loans can be availed because of any emergency or sometimes as a precaution and extra cash. For funds like $500 or $1,000 a condition does not look appropriate. Similarly, unlike large scale personal loans, these can be availed from lenders like CashTodayAmerica even with bad credit scores.

Is a Personal Loan Considered an Installment Loan?

Now you must be very clear that an emergency installment loan is always a personal loan. However, is it also the other way? Are personal loans installment loans too? The answer is no, not always. Although the large funding like mortgage loans and car loans are always paid back in installments, when it comes to small dollar loans, it doesn’t have to be an installment loan.
Payday loans need to be paid at once, and can’t be treated as installment loans. Similarly, the emergency installment loans also –if the borrower wants to- can be paid back in one go. At lenders like CashTodayAmerica, you have the flexibility you want. Apply for a cash loan now!

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We are registered with Utah’s Department of Financial Institution to provide Consumer Credit. If you submit this application via the internet to us, we will receive and process it the same as if you submitted it to us in person thereby making Utah the place of negotiation, execution and performance of all applications and/or agreement. If we approve your application, the funds will be disbursed from our account in Utah. Utah law governing consumer loan agreements may differ from the laws of the state where you reside. Applicant is responsible for complying with all statutory obligations regarding obtaining loans by internet that may exist in their state of residence. This service may or may not be available in your particular state.

CashTodayAmerica does not perform any credit checks through the three major credit bureaus Experian, Equifax or TransUnion. We collect required information regarding debtors’ creditworthiness from a third party source.

Approval time depends on the authenticity and verifiability of your documents. You might be requested to provide further information if required. Note that we do not approve all the loan requests. On the basis of state laws and your repayment ability, the terms and rates may vary. Any loan requested on Friday after 6:00 PM EST will be processed on the next business day which is usually Monday- unless it is a holiday.

Should you have any doubts, please call our customer support at (855) 840-5688, Monday-Friday: 8:00 AM to 7:00 PM (EST) or email to

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