You can apply for Personal Installment Loans for any amount up to £25,000, by clicking on this banner:
The last few years we have seen nothing, but Payday loans, everywhere you look, but the above banner will allow you to apply for a proper unsecured personal loan.
Find Personal Installment Loans Today
- Find Personal Installment Loans Today
- Back to Basics
- Guarantor Loans a Good Alternative
- What are installment personal loans?
- How does a personal installment loan work?
- What can you use the money from the personal loan for?
- What is required when applying for a personal loan?
- What do I do now to find the best personal installment loan?
- Fast Guarantor Personal Loans available
- Guarantor Installment Loans Today
There is no doubt that payday loans have had and do have a purpose for many people, but only if used wisely and exactly as they are mean’t to be used, like in an unforeseen emergency or problem when you just need fast cash to solve it
Now it is possible to get personal loans paid into your bank account the same day (just like payday loans), but you can pay the loans back over longer periods instead.
This is much better news and more manageable for working out your finances.
Back to Basics
It’s like a lot of things in life that come and go in phases; whether it’s clothing, music and now loans as well.
Yes, we are back to where we started before the financial crises, where you can now get a good old fashioned personal installment loan!
Just click on one of the banners above to get your personal installment loans application started, depending on the loan amount you want to borrow.
These companies will allow you to have some bad credit history, but you will need to make an application first to see if you will be accepted or not. They can provide non standard finance.
Guarantor Loans a Good Alternative
If you have really very bad credit history, you might want to consider a guarantor type loan. Again, guarantor loans are another step back in history, as this used to be the “normal” way of applying for a loan in the past.
Your guarantor does not have to be a home owner either, but can be a relation, employer or a friend who is willing to say that you will repay your new loan. A Guarantor loan will have lower APR interest rates and you can apply and get your guarantor approved all on-line too.
You may have many questions about personal instalment loans and with who to borrow. In the UK there is a high rate of borrowing, The UK is one of the highest borrowers in Europe.
If you are one of the thousands of individuals in the UK looking for a personal loan we hope to direct, you to the right companies to best suit your needs and circumstance. So if you are looking for personal loans we hope this article will help answer your questions.
What are installment personal loans?
A personal loan is sometimes known as an unsecured loan as it is not offered or secured against anything like a car or a home.
Because of this, it can make it quite difficult to obtain.
If you do not keep up with the repayments the lender has nothing to ‘go after’ to retrieve its money.
This is why if you have a poor credit score it may be very difficult for you to get accepted for an unsecured loan.
How does a personal installment loan work?
A personal loan is usually repaid back in fixed monthly payments.
Repayment terms can be over 12-60 months, depending on how much you are borrowing.
Typically, the interest rate on the loan is fixed throughout the duration of the loan.
By borrowing the money over a longer period it will reduce your monthly repayments, however, you will pay more interest over the term of the loan.
Make sure you check if there is a penalty if you do decide to pay off early before the agreed length of the loan.
What can you use the money from the personal loan for?
Personal loans can be used in any way you deem important. This could be to consolidate debts, to pay for a car, make home improvements, or even treat yourself to an extravagant purchase, like a holiday or it could be a combination of all these.
Unlike a specific car loan or a home improvement loan you are not limited to what you can use a personal loan for.
Whatever you use the money for as long as you continue to keep up with the repayments you can do as you wish with the money.
What is required when applying for a personal loan?
The application process is quite simple. There is an application form which requires information on your personal circumstance, as well as your employment details.
Once this form is completed the lender will review it and assess your credit profile.
If approved you will be required to confirm that you agree to the companies’ conditions and the details of the loan, i.e. interest being paid and amount being paid back.
When this is all correct the lender will release the money to you through whichever means you have agreed, i.e. Cheque, bank account.
What do I do now to find the best personal installment loan?
Use the links on this page to be taken to the application form page.
Just be aware that the longer you borrow the cash for the more expensive it will be.
Is there such a thing as Guarantor Personal Installment Loans?
We are pleased to say that yes, there is! Providing you meet the particular Guarantor Loan Lender’s requirements, you will get a loan.
The products we offer include small fast cash loans, payday loans, unsecured personal loans, guarantor loans, secured home owner loans and credit cards for rebuilding credit.
Fast Guarantor Personal Loans available
We are sure we should have a loan that will fit your circumstances.
It all depends on what your loan is for and the size of the loan you need, as to what type of loan you should choose to apply for.
Quick Guarantor Personal Loans for people who have an approved non home owner guarantor or a home owner guarantor.
You would not choose a small fast cash loan if say you were wanting to buy a new car costing £6,000.
Neither would you choose our Large Value Loans if you just needed say £500 fast cash for an emergency.
Guarantor Installment Loans Today
Our applications page explains each loan type and the loan amount range for each one, for your assistance.
Get your new loan application started today and don’t put it off any longer.
The sooner you start the loan application, the sooner the loan can be started processing and the sooner the money will be in your bank account.
There are many reasons why you may find yourself searching for a guarantor type personal installment loan.
If you have bad credit you may be finding it hard to be accepted for a personal installment loan.
This is because when applying for finance, lenders look at an individual’s credit history to decide whether they will be accepted or not.
If you have checked your credit rating or have a history of late payments or County Court Judgments etc., it is unlikely you will be accepted for a standard personal loan.
This is why looking at guarantor installment loans may be suitable as the lender has ‘a backup’ should you fail to continue paying your repayments on time, or at all.
From the perspective of the lender if an applicant has a history of adverse credit they will see them as a higher risk to the provider of not paying back the agreed amount.
Due to this, it may be more advisable to apply for guarantor personal loans as you may have a higher chance of being accepted.
These loans are similar to personal loans but they require a family member or close friend to be a guarantor.
This means if you fall behind on the payments it is up to them to pay back the loan back.
Lenders usually prefer that the selected guarantor has a good credit rating themselves and an advantage would be that they would have something of value to secure the loan against, say a car or house. This, however, is not always a requirement for all guarantor loans.
The advantages of using guarantor personal loans are to help build a good credit rating by staying below your credit limit and ensuring you pay the agreed amount on time.
A bad idea, however, is borrowing more than you know you are able to pay back and getting yourself into more financial difficulty, but also getting the person that put their name down as a guarantor into problems too.
Regardless of how you have come to have bad credit don’t despair; there are suitable guarantor personal loans on the market that will meet your needs.
If used correctly, you can use this as an opportunity to work on building a better credit rating for your future.
See also getting long term installment loans no credit check.