Instalment Loans
Instalment loans allow you to spread the cost of your loan over several months. Get an instant decision with no fees and no credit checks.^
Representative 79.5% APR. Warning: Late repayment can cause serious money problems. For help, please go to Moneyhelper
We are an authorised credit broker and not a lender.
Representative 79.5% APR
Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97% (fixed) Representative APR: 79.5% (variable)
Lendability is a credit broker and not a lender. High cost short term credit is unsuitable to support sustained borrowing over long periods and would be expensive as a means of longer term borrowing
Instalment Loans from Lendability
An instalment loan is a loan that is repaid in equal instalments, usually monthly, but it could also be weekly.
This type of loan is popular with people who have bad credit, as it can be a more manageable way to repay the money they owe.
An instalment loan is not a payday loan; a payday loan must be repaid in full on the borrower’s next payday. However, instalment loans are sometimes referred to as “bad credit loans”, as they are a more accessible option for people who have a low credit score.
With an instalment loan, the borrower can usually borrow a larger amount of money than with a payday loan, and the interest rate is usually lower. This means that the monthly payments will be smaller, which can be more manageable for people who are struggling financially.
An instalment loan can be a helpful way to get back on track financially, and it is a much more affordable option than a payday loan. If you are thinking about taking out an instalment loan, be sure to compare interest rates and repayment terms from different lenders to find the best deal for you.
How it works
We have worked hard to make the loan application process as simple as possible to ensure you get your loan when you need it.
APPLY ONLINE
This application is 100% safe and secure, your data is encrypted. Applying with Lendability will not affect your credit score.^
CHECK OFFERS
Wait for your loan results and check the loan terms and conditions. You must ensure it is affordable before accepting any offer.
GET FUNDS
Once you have signed your loan documents and the lender has made their final checks, your loan will be sent to your bank account.
Instalment Loans
What is an instalment loan?
An instalment loan is a loan that is repaid in equal payments over the course of your loan term – so for a 6 month long loan, you would make 6 instalment payments.
Are all loans instalments loans?
Technically yes, but generally the term is used for multiple instalments – a payday loan for example is usually repaid in full at the end of the 1 month term and is not usually referred to as an instalment loan.
How much could I borrow with an instalment loan?
You can borrow any amount from £100 to £5000, depending on your personal circumstances and affordability criteria.
Is Lendability a lender?
No, we are an FCA authorised credit broker and will match your application to one of over 40 specialist lenders we work with.
Ready to apply for a loan?
Guides & Articles
Take a look at a selection of our most popular guides and articles about personal finance and the loans that we offer.
^Lendability will not perform a credit check, lenders may complete a soft check when considering your application for a loan. If you accept a loan offer, the lender will perform a hard search which may be recorded on your credit report. Not all lenders are able to make same day payments and this may also depend on your bank.
Lendability does not charge its customers for using its credit broking services but we may receive a commission from lenders or other brokers if a customer accepts any credit related offer or enters a credit agreement through this website.
Lendability is a trading name of Warwick Financial Services Limited, a company registered in England and Wales with company number 09011092. Registered office: 4th Floor, 18 St Cross Street, London, EC1N 8UN. FCA Licence number 622839. ICO registration number ZA101793.