Are you looking to acquire immediate cash for your financial needs but prefer to pay back the amount in instalments? You are in the right place. Whether it is financial hiccups or unforeseen troubles, installment loans help to tackle all your problems with flawless solutions. You can return the amount in convenient instalments. This will reduce your financial problems and cut the complications.
You can use personal installment loans for any purpose. In most cases, people prefer to get these loans due to the following reasons:
If you find yourself short on money for unexpected costs, check out CashFacts for some extra cash needs. You can easily borrow a specific amount with a simple settlement schedule. It means you are back in control.
There is no need to stress about repaying everything at once. You can handle your finances one payment at a time by choosing our deal. Do you need help with money challenges or wondering how to get installment loans near me? Turn to us, and we will be with you every step of the way.
These loans can be obtainable in times of emergency, which you pay back in a certain period, along with the charges. In most cases, monthly payments are fixed. Sometimes, you can also get weekly installment loans in the UK when you borrow smaller amounts. These are accessible with the terms like 6 months and 12 months.
You can use the loan amount for personal, lifestyle, and business needs. Yet, you must repay the loan and interest in handy instalments. Usually, these kinds of loans are flexible because you will receive a large sum upfront, and then you need to settle the amount in small repayments. First of all, this also helps you manage cash flow.
Getting these personal loans from direct lenders offers a lot of ADVANTAGES. It even becomes the practical choice for people needing financial support.
Spread repayment: Getting quick loans gives you more flexibility. With this, you will receive the money that you need. Usually, it will vary from several months to years.
Cash flow management: Unlike any other traditional loan with a short settlement time, you will get installment loans online with an extended repayment period. You can quickly get free from financial pressures with a manageable cash flow.
Early repayment: When you can repay the total amount early, it is also best to avoid complications. Through this process, you can easily experience less burden on your interest. Most importantly, you do not have to pay any penalty to pre-pay loans.
Varieties of loan types are available: Typically, several kinds of loans are available in weekly or monthly instalments.
Loans for debt consolidation – Merge several debts into one monthly repayment. Bid adieu to past pending payouts at one go with debt consolidation loans.
Bad credit loan – Anyone struggling hard with poor credit scores can apply for bad credit instalment loans. Repay in small amounts, i.e., a portion of the total amount over months.
Personal loans – Depending on whether or not you can pledge collateral, you can choose between unsecured and secured loans. The amount, term, and rate will vary accordingly.
To ensure your chances of getting the instalment loan while having adverse credit, you should work on increasing your credit score. If you are not in a financial emergency, then it is always better to get the loan after the credit enhancement. This will let you get the better terms.
Seek experts’ guidance
It is also simple to get experts’ guidance that allows you to understand how to rebuild credit. On the other hand, you can also seek the help of direct lenders like us to get some personalised recommendations. This also let you know the simple terms to improve your credit with ease.
Opt for online loans only
Watch out for online lenders instead any traditional choices. There are still many options existing for bad-credit. With us, approval rates are higher depending on how you qualify according to affordability checks. Nonetheless, the interest rate may be high when you have poor credit, so you need to fix it.
Look for pre-qualification
Getting pre-qualified bad credit loans on weekly or monthly installments is always better. Now, you can use a pre-qualification tool to analyse your approval odds. This will make you familiar with the potential rates matching your monthly income capacity.
Explore no guarantor option
Since the interest rate of the loan is also high and accumulates over time, you can calm down the rates by opting for no guarantor installment loans for bad credit from direct lenders only . This will make you financially more responsible as you try hard to pay all instalments on time.
Undergo soft credit check only
We are among very few direct lenders in the UK who can provide soft credit check instalment loans. Yes, you do not have to worry about your search footprint while approaching direct lenders in the UK to apply for our monthly instalments loans with no credit check done upfront. Still, you need to be sincere in your current finances and must make all payments on time.
Usually, most lenders focus on specific factors when it comes to fixing the interest rates for 12-month installment loans. One key thing is the level of risk associated with lending to people who need a thorough credit history assessment. To balance this increased risk, most moneylenders set higher interest rates when compared to conventional finances.
In contrast, CashFacts follows a liberal approach where we not only promise competitive interest rates but also guide applicants to help getting affordable instalment loans. Here, we have compiled following suggestions:
Salary and employment stability are crucial factors when deciding the interest rate. A consistent revenue stream assures the lender, mitigating the risk associated with the absence of a good credit score.
The loan term plays a role in interest rate determination. Choosing a loan with a longer repayment time might define that you will have to pay more in interest. The primary reason is that the lender is taking on extra risk over a more extended period. On the other hand, short-term loans come with a lesser interest in total, as the lending risk is perceived to be reduced within a more compact timeframe.
Furthermore, the loan amount influences interest. More significant loan amounts incur higher interest. This also aligns with the moneylender's greater financial exposure. Generally, borrowers seeking large quantities despite their poor credit scores may encounter higher interest because of the raised lending risk.
As responsible direct lenders in the UK, we assess income stability and loan duration to maintain a balance between accommodating borrowers and managing potential financial risks. If you meet the eligibility criteria and meet the above qualifications, you can get monthly or weekly installment loans online. Always check the total repayable amount and monthly payments, and not just the representative APR for instalment loans.
We pride ourselves on being a one-stop solution for people seeking installment loans for bad credit with no guarantor options from direct lenders only. In general, we aim to provide a seamless deal with flexible terms. We are the exclusive choice for the following reasons,
Personalised solutions:
We know financial requirements vary, so we are committed to facilitating bespoke loan solutions including 6 months, 12 months or even loans for 24 months with guarantor and no guarantor options. By the way ensuring each borrower's unique circumstances are considered. We promote exclusive offers from tailor-made refund terms to competitive interest.
Clear procedures:
As the responsible lender, we ensure transparency throughout our process, making it easy for borrowers to understand the terms and conditions. Yet, there are no extra fees or hidden surprises, meaning you do not need to pay extra. Alternatively, we allow you for getting loans for very bad credit based on your needs.
Fast pay-out:
We know that time is the key thing when facing financial encounters. Due to this, we rationalise the process. By the way, we also ensure that qualified borrowers receive quick loans. On the other hand, we cut the waiting times and quick same-day instalment loans can be obtained on successful approval.
Customer-centric approach:
We support you at every step. Our experienced team can address all your queries and guide you during the loan process. This also ensures you get a better experience and allows you to move towards financial empowerment.
CashFacts is the ultimate destination for individuals interesting in receiving installment loans from a direct lender in the UK. We let you discover more financial stability with confidence.
Anyone who is 18+ and is a permanent UK resident with stable income proof and an active bank account can qualify for these loans. You must produce valid documents establishing your identity, residency, and income. We also need to verify your bank statements and pay slips.
You can borrow any amount within the range of £1000 to £10,000. Depending on the amount you choose, the repayment term might vary from 1 to 3 years. Your affordability will play a key role in determining the loan amount.
For pre-qualification, you do not have to reveal your credit scores. Your affordability will be validated to determine whether to pre-approve loans. After accepting the loan offer, credit checks will be conducted as part of the loan processing.
The biggest difference between payday and instalment loans lies in their repayment pattern. Repay the first one in a lump sum amount by your next payday. Alternatively, consider spreading repayments over several months with the next option.
Yes, we do.
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