To apply for a loan with Progressive Financial, visit the company's website. Click Loans on the top menu, select the appropriate loan, and click the Apply Now link.
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. If the borrower does not repay the loan, the lender retains ownership of the borrower's car.
Payday loans are usually short-term loans that the borrower pays by his next payday, the Consumer Financial Protection Bureau explains. Typically the borrower gives the lender access to his checking account or writes a check for the full loan amount which the lender cashes when the loan is due.
Installment loans are loans for a specific amount for purposes such as educational or living expenses, including paying college tuition or buying a vehicle. Borrowers agree to pay the loan back with interest in monthly installments, reports Credit.com.