Find Personal Installment Loans Today.
You can apply for Personal Installment Loans on this website today. The last few years we have seen nothing but Payday, pay day, payday loans, everywhere you look.
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 installment loans no credit paid into your bank account the same day (just like pay day 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.
The above 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.
Guarantor Loans a Good Alternative
If you have really very bad credit history, you might want to consider guarantor loans.
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.
Guarantor loans 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 installment loans we hope this article will help answer your questions.
What are personal installment 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 installment 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. What ever 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?
The best thing you can do is to click on the banners on this page. You will be taken to great providers that offer a range of credit options, as well as different borrowing terms.
Just be aware that the longer you borrow the cash for the more expensive it will be.
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