An installment loan is a longer term loan that is generally designed to be repaid over a set amount of installments. Unlike a short term or payday loan you can repay an installment loan over a longer period of time such as 3,6 or in some cases 12 months.
What are the fees and costs?
There is a one time set up fee of £20 and this is none refundable when you apply for this type of loan. Annual interest charges start from 456% APR and very depending on the applicant and their credit rating.
How can I learn more about Installment loans
If you would like to know more then please contact the team who will be happy to explain the application process in more details and go through any questions you may have.