He, nonetheless, hoped that the extension of the Act would assist regularise all the money lenders so as to higher enlighten Sarawakians on the correct channel to get loans. Installment loans are much like payday loans besides you pay the mortgage off over an extended interval, while auto title loans are secured towards your automobile. The above APRs are primarily based on example loan phrases of 1 fee ("Test Quantity") due in 14 or 29 days.