Step-by-Step: How to Get a Loan with Installment Payments in up to 24 Months!

Loans with repayment terms of up to 24 months are a common option for those who need money quickly.

But you want to keep installments balanced in your monthly budget.

Following an organized process helps avoid unnecessary interest and facilitates approval.

1. Define the required value: Request only the amount you truly need, avoiding installments that are larger than necessary.
2. Choose the appropriate timeframe: Choose the installment plan of up to 24 months only if the installments fit comfortably within your monthly income.
3. Compare financial institutions: Simulate the loan at different banks or apps and check interest rates and Total Effective Cost (TEC).
4. Run the simulation: Enter the amount, term (up to 24 months), and approximate income to view the estimated installment amount.
5. Send your data for analysis: After choosing the best option, submit the documents and wait for the credit analysis.
6. Confirm the contract: Read all the terms and conditions, confirm the installment amounts, and finalize the contract.
7. Track your payments: Keep your payments up to date to avoid additional interest and improve your financial history.

Important Context

Installment plans of up to 24 months usually offer a balance between the installment amount and the total cost of the loan. Very long terms reduce the installment but increase the total interest, while short terms raise the monthly payment. Therefore, choosing an intermediate term like 24 months can be an efficient strategy for organizing finances safely.