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Instalment Loans

Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK
Credit subject to status & affordability assessment by Lenders.
786 Loans is a credit broker and not a lender

What Loan Amount You Need?

What Is An Instalment Loan?

An instalment loan is an unsecured loan that is repaid over time with a set number of scheduled payments. It offers the borrowers the flexibility to repay the loan within a tenure that supports their affordability. These loans provide a breathable space to the borrowers as they can effectively manage their personal finance while repaying. Borrowers can easily draft a repayment strategy to avoid any disturbance in their monthly budget.

Lack of finance can often restrict us from buying things that are necessary. To finance such expenses, one may rely on these credits as the Terms & Conditions laid out are quite clear and don’t mislead a borrower. The rate of interest will be fixed and a borrower has to make the repayment accordingly.

The period of a loan depends upon your repayment affordability. You can choose to repay the loan within a period of less than a year.

Do Lenders Offer Bad Credit Instalment Loan in the UK?

A bad credit score is often an obstacle in the path of borrowing. 786 Loans deal with various FCA authorised lenders who do not consider credit score as the single deciding parameter for loan approval. The lenders give more priority to a borrower’s creditworthiness. They assess your credit profile to see if you can successfully repay the entire loan amount. If they find your profile suitable, they approve the loan. Therefore, if you have a stable source of income, your application is more likely to be accepted despite a poor credit score.

Finding bad credit instalment loans is not difficult if you are looking at the right place. Do proper research before you apply for an unsecured personal loan/Instalment loan. Understand your income and expenses in order to repay the loan amount smoothly to the lenders.

What Are the Advantages of an Instalment Loan?

There are various benefits of instalment loan that can help an individual facing a tough financial situation. All these advantages have made this a popular form of borrowing. A major change has been observed after the implementation of the FCA capping. Borrowers have moved from credit products like Payday Loans that required a single repayment within 30 days to other unsecured loans that allow borrowers to repay in instalments over 3 to 12 months.

Spending Freedom
The degree of spending freedom allows the borrower to use the money wherever they feel necessary. It doesn’t bound or enforce them to use the loan amount for certain specific needs. You can spend the money the way you want to.

Flexible Payment Plans
These loans offer flexible repayment plans. You have the authority to plan your repayment. Easy monthly repayment helps you to take a grip on your personal finances. Sort out your debts in an easy manner and don’t sweat it out. 

Convenient
Instalment loans in the UK are available online. You do not have to step out to gain access to funds. Apply for this loan online and if your loan application gets approved by the lender, the loan amount will be disbursed to your bank account. Moreover, you can search and visit websites of various lenders or loan brokers to check the available rates for your loan.

Credit Score
Regular and timely repayments will help build the credit score. People with bad credit score often take out these loans to improve their poor credit score.

Safe and Secure
If you are considering borrowing a loan, always try and search for FCA registered lenders or loan brokers. Check the details of a financial firm on the register available on the website of the FCA for verification. Dealing with regulated and authorised financial firms and businesses is always wise.

Time Efficient
From application to loan disbursal, the whole process is conducted online. It saves a lot of time as you do not have to wait much. Once your application is submitted, the lenders will assess your eligibility and as per the result, the decision can be viewed on the screen. Save your time and be smart with your money.

What Should You Consider While Applying for Instalment Loans?

Understanding a few details about this loan is a wise decision when you are in the process of applying for one. Before making an agreement with the lender, go through their Terms & Conditions and raise a flag if you do not find a point agreeable. Talk it out with the lender in advance to ward off any confusion or inconvenience. 

Consider a few important things before taking out a short-term loan:

  • Your current financial situation
  • Interest rate offered by the lender
  • Your repayment affordability
  • The tenure of the loan
  • Does it involve any collateral or require any guarantor?
  • Early repayment fees
  • Upfront fees

A golden rule of borrowing a loan is don’t bite more than you can chew. Take the amount that you can easily repay. If you fail to repay the loan, it will severely impact your credit ratings and this will may restrict you from future borrowings. You can apply for an Instalment loan by clicking here.

How to Choose a Lender?

The decision to take out an instalment loan for bad credit is not a small deal. It is essential to choose a lender who can be supportive and do not believe in misleading or trapping their borrowers. Find a credible lender who is authorised by the Financial Conduct Authority (FCA) to ensure a safe and secure deal. A good lender always responds to all the questions of the borrowers with an accepted answer. However, ensure that you ask the right questions as well.

When searching for a lender, compare the loans on various websites. In this way, you are more likely to get the best available rate for a loan. Once you have multiple quotes, you can compare their costs and decide, which one makes the most financial sense to you according to your requirements.

Instalment Loans Alternatives – The 786 Loans’ Approach

786 Loans is an FCA authorised loan broker operating in Nottingham, Bristol, London, and all other major cities across the UK. It offers an array of other credit products as well with instalment loans which are 12-month loans, payday loans, homeowner loans, and no guarantor loans. We even provide personal loans with a soft credit check to help the borrower save and build their credit rating.

A borrower looking for unsecured personal loans can choose from the collection of loans that we provide to sail through their financial crisis. Choosing a loan according to your requirement will yield in best results.

Exploring and shopping around before choosing a loan is one of the right steps towards responsible borrowing. Manage your debts efficiently to stay away from debt spirals. Always borrow the amount that is actually needed by you so that you can repay it easily. Maintain your financial fitness by borrowing smartly.

Contact us

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0203 633 1034

Customer Support

customer.support@786loans.uk

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Registered Office

786loans.uk is a registered Trading Name of Tiger Lion Financial Limited. Tiger Lion Financial Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 753151. Tiger Lion Financial Limited is registered in England and Wales (Company number 10189367), Registered Office: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ. Licenced by the Information Commissioners Office, (registration number ZA185613)

Authorisation can be checked on the Financial Service Register at www.fca.org.uk.


786loans is a dependable brokering service available from Glasgow to Southampton, covering all the major cities including and not limited to Leeds, Manchester, Liverpool, Sheffield, Nottingham, Birmingham, London and Bristol. Fill a form to find out the closest loans near you.

Disclaimer

786 Loans is a licensed LOAN BROKER and not a lender. The website is registered in the UK and is authorised and regulated by the FINANCIAL CONDUCT AUTHORITY (FCA). WARNING: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK.

786 Loans does not charge any fees. If you are contacted by anyone claiming to be from 786 Loans and requesting you to make a payment, report it to www.actionfraud.police.uk.


All Loan approvals & Quotes are subject to Credit Score and Affordability requirements by lenders. If you meet the lender's criterion, you can borrow the money. We as a broker make an attempt to process your application with the most suitable lenders in our panel.

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786 Loans
71-75 Shelton Street
Covent Garden, London, WC2H 9JQ United Kingdom
0203 633 1034
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