Instalment Loans	The Fastest Loans To Suit YOU ... Repayable In Manageable Instalments
	Instalment Loans An instalment loan is defined as a loan that is repaid over time with a set number of scheduled payments. The term of the loan may be as little as a few months and as long as 30 years. Instant, short term, long term, secured or unsecured ... find the right instalment loan for you.

Short-Term Instalment Loans ... alternatives to payday loans?

A payday loan provides a fast solution to a short term cash flow problem with small sums of money (up to a maximum of around £1,000) available within minutes, hours or, at worst, within a day. By definition the full amount borrowed plus interest is required to be paid back on your next payday.

A short term instalment loan can still provide the same fast borrowing solution to a cash flow problem – you’ll still be able to borrow similar amounts (often the same approximate £1,000 maximum) but can give a more comfortable way in which to repay the loan by enabling you to spread the repayments over a period of weeks or months to suit you and your financial situation.

Whilst a payday loan can be great if you have a genuine one off short term cash flow problem and can afford to repay the full amount back on your next payday without this leaving another hole in your finances that requires a further solution. Where an instalment loan can be of benefit is that rather than paying the entire loan back in full you can spread the repayments over a set period – often 3 months, 6 months or a year. Yes - chances are you’ll end up paying back more in interest than a one off payday loan but it may help you spread the cost and get you finances back on track without the need for additional payday loans and so COULD be a cost effective solution.

As with many payday loans you do not have to have a perfect credit history to be eligible – fit the basic criteria of age, employment and residence, hold a bank account and debit card, be able to comfortably afford the repayments and many lenders will consider you regardless of credit rating or any previous credit problems.

12 Month Instalment Loans can give more flexibility than a payday loan – borrow between £300 and £2,500 in minutes but repay over 12 months. Fast transfer, flexible repayments and high approvals make this instalment loan a real winner!

Longer term instalment loans fall into two categories:

Secured Instalment Loans: Also known as homeowner loans these loans can provide access to large instalment loans that are secured against the value of your home or property. Because of the reduced risk to the lender often loans can be large, repayments spread over many years and interest rates highly competitive but beware ... your home is at risk if you do not keep up repayments on a loan secured against it. 

Unsecured Instalment Loans: Often called tenant loans, or personal loans these instalment loans are provided without the need for security and hence are available to everyone – homeowners and tenants alike. Typically these loans are available up to a maximum of around £15,000 but sometimes as much as £25,000 with interest rates reflecting the risk to the lender meaning that those with a perfect credit rating or history will pay a much lower interest rate than those with a poor or bad credit history but there are lenders who specialise in providing unsecured instalment loans for bad credit.

Of course every situation will be different and we are not here to advise, instead we strongly suggest that you shop around, research and contact an independent financial advisor to discuss your specific requirements to ensure that you get the right product for you.