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278% APR Representative

Warning: Late repayment can cause you serious money problems. For help and advice go to moneyadviceservice.org.uk

Instalment Loans Online
June 09, 2016

It is evident the online market place is saturated with a variety of lenders of all shapes and sizes. A simple search of payday loans reveals a number of different options of companies touting their wares. Installment loans are different to payday loans in that they have an extended period of time in which you have to repay the money you have entered into the loan agreement to pay off. Put simply, a payday loan may typically be expected to be paid back over 30-31 day period. This can be useful if you can guarantee you will have the money to repay the debt at the end of the month. A key thing to consider however is how much you would be left with once the loan has been repaid; this is crucial as putting yourself further into debt at months end may culminate in you reapplying for another loan and consequently beginning what can be classed as a ‘cycle of debt’.

Instalment loans differ to payday loans in that the repayment period far exceeds that of short term lending.  A loan with United Kingdom Loans could, for example, be repaid over 18 months. This reduces the overall APR, lowers the monthly repayment amount and allows for more breathing space at the month end. There is also the opportunity (with some instalment loan lenders) of overpaying on the loan borrowed, and this reduces the length of time the loan is repaid considerably.

United Kingdom Loans enables people to apply for installment loans online and includes installment loans for bad credit. If you need £50 – £2500 apply online, submit your details and (in some cases) you may have money paid within 15 minutes!

United Kingdom Loans does not make credit decisions and is not a lender. United Kingdom Loans introduces customers to Nouveau Finance Limited, who match customer's loan applications with lenders on their panel based on the information you provide. United Kingdom Loans may receive commissions for introductions. This website does not directly endorse a particular product or service. Information on our website should be taken as opinion only. Loans for UK based customers only. Loans are subject to status and satisfactory affordability checks. Over 18's only. Default charges may apply if you do not repay on time. Short term loans are not suitable for longer term borrowing needs.

Consumer Advisory:
United Kingdom Loans is a loan matching service. This website will submit the information you provide to a direct lender. Upon a loan approval, a direct lender may require further information from yourself which will be collected after we transfer you to their website or they may contact you via phone or email or both.

Auto Decisioning
Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy.

Non Payment Implications
The implications of non-payment of your loan could include adverse details being included in your credit report. This could adversely affect future attempts at securing credit or finance, in additional to further charges potentially being added by the lender. Where you miss a payment entirely, you will often incurr a charge / fee that will be added on to the total amount that you owe. Upon a missed payment, lenders will often try to contact you by telephone or letter in order to recover the funds and they may be able to arrange a new repayment date with you. If you are struggling, or think there is a possibility that you will not be able to meet repayments, Rhumsaa Finance strongly recommends that you contact the lender in the first instance.