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Benefits of Instalment Loans

24th November 2021

Instalment loans have become increasingly popular over recent years as people have opted to spread their repayments over several months in order to ease the impact of their financial responsibilities. It’s the same reason that buy now pay later schemes are so popular – because it is generally easier to control your cashflow when your repayments are smaller, even if that means paying over a longer period.

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WARNING: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

How much would you like to borrow:

£200
£750
How long would you like it for?
3 months
6 months

Your monthly repayments are:

1
£
2
£
3
£
4
£
5
£
6
£
Total amount to be repaid:
£  
Annual percentage rate:
  % APR

Representative Example: £200 loan for 6 months at a fixed interest rate of 290% pa. Total amount payable is £355.99 in monthly instalments of £65.11, £78.35, £64.05, £58.76, £48.16 and £41.56. This is based on the amount of credit plus interest, no other fees apply. Representative 1266.2% APR


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