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Sep 28, 2017 - 34 minute read

Take out a loan or pay cash

Representative 29. 82 APR. If you borrowed 5,000 over a 48 month period and the loan had an 8 arrangement fee (400), your monthly repayments would be 131.

67, with a total payback amount of 6,320. 12 which including the 8 fee paid from the loan amount, would have a total cost of 1,720. Representative 18.

Take out a loan or pay cash

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Take out a loan or pay cash

The financial services company offers payday loans and installment loans, according to Progressive's website. Furniture loans and title loans are also available.

A payday loan has a maximum amount of 1,000. Installment loans have a maximum amount of 2,500, and borrowers have up to six months to repay them. Furniture loans provide funds specifically for covering home furnishing purchases. Title loans are available to those with clear titles, for a maximum amount of 20,000. Borrowers can repay these loans over a six- to 12-month time period.

A car title loan is a loan in which the lender evaluates the price of a borrower's car and lends a borrower funds based on that value, according to Investopedia.

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