Given today’s global economic scenario, satisfying ones basic needs and wants is becoming difficult for many individuals. Thus, people are depending increasingly on loans. With banks putting forth extensive and unreasonable loan eligibility criteria, it seems even more challenging for the common person to get some extra money. However, there are alternative options to conventional banks and credit unions that are available in the lending market. One such funding source is installment loan that provides temporary financial aid during tough times. If you are denied by banks and unqualified for payday loans, then installment loans serve as the best option to meet your immediate money needs.