What Are Multiple Repayment Loans?

They are designed to keep people who are typically very good at managing their finances out of crisis as a result of dealing with a difficult cash situation. A multi payment loan, available from LoanPig, can help you borrow the ideal amount and set up a suitable repayment plan that suits you.

Multiple payment loans are designed to help tide you over until your next payday, offering you the perfect opportunity to stay in credit.We do our best to plan ahead for every occasion and especially where money is concerned, unfortunately sometimes emergencies do happen.

Often they happen at a time that we least prepared and most vulnerable. So that you can prevent yourself from being caught out by an emergency and falling into debt, it’s often a good idea to plan ahead and think about multiple payment loans to smooth things over.

What Are The Different Types of Multiple Payment Loans I Can Apply For

Multi payment short term loans are some of the most versatile and consumer friendly payday loans that you can get. At LoanPig, our loans are set out in a way that allows you to select your perfect loan amount with a repayment deadline that best fits you. Here are some of the loan types you can take out:

  1. Payday loans
  2. Instalment loans
  3. Personal loans
  4. Short term loans

All of the above multiple payment loans are very similar in that they might be able to provide the cash you need quickly but differ in the fact that they are better suited to some borrowers than others.

How Much Money Can I Borrow With Multi Payment Payday Loans?

The amount of money you can borrow on a multiple repayment loan will differ depending on your income and circumstances. With LoanPig, you can choose from taking out anywhere between a £150 short term loan amount and £750 short term loan amount and repay over 3 to 12 months.

Can I Use Multiple Payment Loans For Anything?

Short Term Loans aren’t secured against a purchase so you can use them for whatever you need. Always use the money sensibly though as they are ideal for getting you through an emergency rather than day to day borrowing. Examples of what to use short term loans for:


  • Taking care of dental medical expenses
  • Paying off unexpected bills
  • Dealing with car breakdown expenses
  • Helping in the event of sudden loss of income


Our high standards when it comes to lending practices means that you will undergo certain checks before your loan is approved, which allows us to see whether you are someone who can keep up with repayments and ensures that we can see you will use your loan amount wisely.


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, and 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 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 are of a certain age etc. before giving them access to the funds they need.


What Criteria Do I Need To Meet To Get Access To A Multi Payment Loan?

If you are looking to apply for a multi payment loan and want to know if you are eligible, be sure to check that you match the following requirements that we need evidence of before you take out a loan with LoanPig:


  • You are over the age of 18
  • You are a UK resident
  • You have an active bank account and bank card
  • You have evidence of some form of income (be that disability allowance, employment income etc.)


If you are able to meet the aforementioned criteria then you are more than likely eligible to be able to apply for a multi payment loan with us!


Do Multi Payment Loan Lenders Discriminate Against Those With Low Credit Ratings?

As a highly reputable multiple payment loans lender, LoanPig works hard to ensure that those in need of a boost to their monthly income are able to receive the money they need as soon as possible.

While some other multi payment loan lenders have been known to discriminate against lending to those with a low credit rating or poor credit history, LoanPig are different.

We strive to look at the bigger picture when it comes to lending you the money you need, which is why we look at whether you will be able to meet repayments with affordability checks as opposed to simply what your credit rating is. Our bad credit loans can provide you with the help you need in difficult circumstances.


How Do Multiple Payment Loans Work?

Multi payment loans work in a very simplistic and straightforward way. With LoanPig, all you need to do is choose your desired loan amount and desired repayment deadline (in a number of months) on our online calculator.

Once you are happy with your repayment amounts you will then need to fill out a quick online application form. From here we will be able to carry out the relevant checks and offer you a decision with regards to whether you have been approved to receive a multi payment loan with us.

By using our handy multi payment payday loans calculator you will be able to see exactly how much you will need to repay each month too.


Why Should I Use LoanPig For A Multi Payment Loan?

Something that we at LoanPig often get asked is why we should be picked when it comes to getting a multi payment loan. In short, LoanPig offers exceptionally high acceptance rates when it comes to multi payment loans, making us a very reputable and high quality multi payment loans lender.

Our experience when it comes to providing people with multi payment loan solutions means you will always be in safe hands with us.


Are LoanPig A Direct Multi Payment Loan Lender?

LoanPig is in fact a multi payment loan broker, which essentially means that we work with some of the very best direct lenders and match our customers as accurately as possible with them based on their individual needs.

Through using a multi payment loan lender like LoanPig you will be able to drastically cut down on the amount of time spent searching for the best loan deal online as we do all the hard work for you! We use our expertise and understanding of our panel of lenders to find the ideal multi payment loan solution for your specific needs and requirements.


Can I Apply For Multi Payment Loans Online?

When it comes to applying for multiple payment loans, you will discover that one of the best ways of doing so is online. There are a wide range of multi payment payday loans lenders out there, and while in the past many of them would have been found on the high street, they are now becoming increasingly present online.

Here at LoanPig we only offer our great deals on multiple payment loans online, which means that the whole application process couldn’t be easier. You can quickly and easily apply for our multiple payment loans from the comfort of your own home – what could be better?!


What Are The Benefits Of Multiple Payment Loans?

Multiple payment loans offer some great benefits when it comes to helping improve your financial stability. A multiple payment loan from LoanPig allows you to receive a quick response to your application which cuts down on your waiting time and the stress associated with worrying about your finances.

Furthermore, multi payment payday loans enable you to always find the very best deal for your particular needs as our broker services mean that you will always be matched with your perfect lender.


What Does APR Mean When It Comes To Multiple Payment Loans?

The APR of multiple payment loans refers to the Annual Percentage Rate which dictates how much you will be looking to pay back on top of the sum of money you choose to borrow.

Something to always keep in mind when it comes to taking out any short term loan is looking out for the best APR rate for you. Here at LoanPig we have a Rep APR rate that stands at 1261%.


What Happens If I Miss A Repayment On My Multi Payment Loan?

While our assessment process prior to offering our multi payment payday loans to each of our applicants is thorough, there is always the possibility that someone may not be able to keep up with their repayments.

Missing your monthly multiple payment loan repayment is a serious issue and it is something that should be avoided wherever possible. We take pride in being able to offer our customers the ability to pick their desired repayment deadline to help ensure that they are only repaying what they can afford to each month.


Are Multiple Payment Loans Regulated?

The fantastic thing about multi payment payday loans with LoanPig is the fact that we offer an exceptionally safe and well-regulated service.

While in the past many multiple payment loans lenders were known to take advantage of their customers, new regulations introduced by the FCA (Financial Conduct Authority) have meant that taking out multiple payment loans is more secure than ever.


If you have any further questions with regards to multiple payment loans, then be sure to get in touch with us. Apply now to receive your very own bespoke cash injection that will enable you to remain feeling financially secure until your next payday!