Installment loans are a great quick cash solution to help you get back on your feet. At LoanPig, we are not only the best provider of installment loans in the UK, but we also have the ability to connect you to other direct lenders if we can’t approve your application. No matter the reason for your installment loan request, whether it is for a financial crisis or you need cash to cover an unexpected payment, we’ll do our best provide you with the most suitable installment loans to match your affordability. Instalment loans are excellent options when you need help paying a short-term expense over a longer period. The amount of money you can borrow on an installment loan will differ depending on your income and personal circumstances. With LoanPig, you can choose from taking out anywhere between a £75 and £1500 installment loan amount and repay over 3 to 12 months. As a Financial Conduct Authority (FCA) approved lender of installment loans, you can trust your application will be treated fairly as part of our commitment to responsible lending.
With loans available up to £1500 and a maximum of 12 months to repay, you have the flexibility to choose installment loans in the UK that suit you. It’s easy to get started, just use our sliders above to choose the amount and loan term you want and start your application today by clicking apply now
What Are Installment Loans?
Installment loans at LoanPig give you the opportunity to borrow money over a longer period of time. LoanPig aren’t just your average lender, unlike many short term loan lenders you will find online. Our installment loans offer you the perfect opportunity to stay in credit. We do our best to plan ahead for every outcome, especially where finances are concerned. Unfortunately, sometimes emergencies do happen and paying back your loan over a much longer period can be extremely beneficial. At LoanPig, we are happy to help our customers spread the cost for longer. This is just one of many ways we are proud to be different from other high-cost short term lenders available on the market. We have taken strides to offer a service that customers can trust to be honest and up front about the costs involved when taking out installment loans in the UK. We also take a different approach within our approval process, enabling us to help many more people compared to other installment loan providers you’ll find. Our flexible approach allows customers with a poor credit score to acquire a loan, and installment loans for bad credit are entirely possible with LoanPig.
Choose A Trusted Installment Loans Lender
Installment loans can be a great option for numerous reasons, providing you with the funds you need in an efficient manner. When the worst happens and you find yourself in a sticky situation, you don’t have the savings to cover it or any kind of excess cash available, installment loan can be a proverbial lifesaver. As an FCA approved broker and direct lender, at LoanPig we always ensure we work to responsible lending guidelines, as well as the lenders we can connect you to.
With one fast online form, whether you have good or bad credit, you could be one step closer to resolving any unexpected bills. Like payday loans, they can be approved quickly and pay out the same day where this is possible. With many online lenders available, it can be difficult knowing which to choose, so that’s why at LoanPig we have made it simple and easy to find exactly what you need and only present you with trusted installment loan lenders.
Benefits Of Taking An Installment Loan With LoanPig
At LoanPig, we want to help you resolve your financial problem as soon as possible. We can help you find an installment loan in minutes, tailored to both how much you need to borrow and how long you require the repayment period to be. We are here to help, which is why we make sure that when you arrange an installment loan, you are able to comfortably afford the repayments, rather than adding to your troubles in your time of need.
Some of the main benefits of taking an installment loan with LoanPig include:
– LoanPig charges a maximum interest of 0.8% per day.
– LoanPig can only charge a one-time late penalty fee of £15.
– LoanPig ensures that customer will never pay more than double the amount they borrowed.
If we can approve your installment loan application, you can expect a quick pay out, allowing us to give you the financial support you require in a matter of minutes.
How Much Would You Like?
Installment Loan Stages
Step 1 – Application
To begin the process to acquiring any installment loans in the UK, you must always begin with an application. Fill out our online application, let us know how much you need, and how long for. You will also require to provide us with some further details about you and your current situation.
Step 2 – Decision Process
After submitting your information, you’ll receive a decision on the very same day. We’ll provide you with our decision, along with multiple options for your installment loan, so you can alleviate any difficulties you may be having for the time being.
Step 3 – Payment
When you have accepted the loan and agreed to all of the attached conditions, the money will be sent directly to your bank account. The length of time this takes may vary, but many customers receive their installment loans within 10 minutes of signing the agreement.
Who Can Apply For Multi Payment Payday Loans?
As with most things in life, there will always be criteria and certain regulations put in place to protect us. This is no different when it comes to multi payment payday loans. Here at LoanPig, we make it a priority to ensure that all of your customers follow the necessary legal procedures and rules. Especially, to ensure our money is loaned out in a safe and responsible fashion.
While we look to match as many people as possible with their desired multi-payment loan amount. We do check that our customers fit our lending criteria before approval.
Am I Eligible For An Installment Loan?
Applying for an installment loan in the UK with LoanPig is an entirely digital process, making the application process readily available for practically anyone. By using our loan calculator you can choose the amount you would like to borrow, and the length of time you wish to spread repayments over. You will then be shown an estimate of what your monthly repayments for your installment loan will be. If you’re happy with the monthly repayment estimate and the loan terms, you can proceed. To be eligible for installment loans in the UK, you’ll need to be:
– A current UK resident.
– At least 18-years-old.
– Have an active bank account and a valid debit card.
– In permanent employment or receiving some form of disability/living allowance or pension.
If you have any further concerns regarding prior financial difficulties, you have a bad credit rating or have never borrowed before, you don’t need to worry. As a broker, LoanPig uses a panel of lenders, some of whom are prepared to lend to clients who have a low credit score. With installment loans in the UK, all loan applications are subject to a full credit check, but your credit score is not the only criteria an installment loan application is considered.
The key element is that you have proficient affordability and can make repayments, while providing proof that any financial issues you have previously had are in the past. This way, we are able to find the most appropriate installment loan in the UK for you.
Installment Loans FAQs
Are Installment Loans The Right Choice For Me?
Before you apply for an installment loan in the UK, there are several factors worth considering. These include:
– Why do I need an installment loan? This type of loan is only suitable for short term financial difficulties.
– Am I able to pay the loan back in the chosen amount of time? It is important that you are able to pay your installment loan within the designated payback period.
– Am I able to prevent this happening again? Installment loans should exclusively be for times of financial crisis.
How Do Installment Loans Work?
Installment loans are a very straightforward concept. With LoanPig, all you need to do is choose your desired loan amount and desired repayment deadline up to 12 months on our online calculator.
Once you are happy with your repayment amount and length of time, you will then need to fill out a quick online application form. From here, we will be able to carry out the relevant checks, In order to offer you a decision with regards to whether you have been approved for an installment loan.
Is LoanPig A Direct Installment Loan Lender?
At LoanPig, we are the best of both worlds, an installment loan direct lender and a broker. This essentially means that we work with some of the very best direct lenders in the UK, but we are able to match them with our customers as accurately as possible based on their individual needs.
Through using an installment loan lender like LoanPig, you will be able to narrow down your search. It can drastically cut down on the amount of time spent searching for the best installment loan deal in the UK.