The installment loans are the part of personal loans offered to the borrowers as a lump sum at the start of the loan tenure and repaid in the form of fixed weekly or monthly installments. These funding sources usually are available to borrow from £1000 to £10000. If it is for business purposes or backed up by collateral, then the amount may increase to £25,000 or more.
We have made it more precise according to the terms of installment loans in the UK. Here they are:
| Short-term | Medium-Term | Long-Term |
|---|---|---|
| £1000 - £5000 | £5000 - £10000 | £10000 - £25000 |
| 1 Month – 12 Months | Up to 24 – 36 Months | Up to 36 or 60 Months |
The prospective borrowers do not need to pledge the collateral for the smaller term and medium-term installment loans for bad credit from direct lender only. For long-term, they have to secure the amount with the equivalent asset, but no guarantor is needed.
We do not turn away from your loan application only because it has ticked poor credit column. Your past may not be supportive of your loan chances, but we do not care for it. We grant 100% approval on installment loans for bad credit on your most recent financial performance.
We usually follow these loan approvals:
Loan Speed: Do you need cash immediately? Well, you get it from us. We approve your loan application after a few minutes of its submission. The disbursal of funds will reach your bank account within 24 hours.
Interest Rate: The loan interest rate is indeed not a matter of concern for you. We finalise the rate of interest only after analysing your income capacity and the loan duration that you have chosen. Most of the time, we levy competitive interest rates on small installment loans for bad credit people.
Additional Fees: Some lenders do impose extra fees from the borrowers when they want to prepay or when they have to make late repayment. We are flexible in this regard and do not charge for the early repayment. However, we give a buffer period for the late repayment and charge only after it.
We are the right lending platform if you have the wish for installment loans with no credit check from direct lenders in the UK. Whether you want to apply for small installment loans or weekly installment loans, we do not feel necessary to approach the credit reference agencies as we trust your repayment capacity. Indeed, no credit check policy makes us quite different from other online lenders in the United Kingdom.
Here are the standard FEATURES of no credit check installment loans:
An exclusive loan deal for first-time borrowers with no credit history;For long-term loans or a larger amount, we may perform a soft credit check, but it does not impact your loan chances;There is a 100% online loan application with the paperless format, and quick service is assured;Reasonable interest rates are guaranteed alongside manageable repayment terms;Loans are quickly accessible for the UK locals, but we do have exclusive deals for ex-pats too. You want a better deal to come out from the financial crisis. It means you must have the possible reasons to apply for online installment loans. We do not ask for the purpose to apply but we look for potential to accept the loan terms.
Before discussing the purposes, you need to qualify for these conditions:
You need to verify your age that should be above 18 yearsPermanent residents are pre-qualified borrowersHaving a valid and active bank account is must as it is required to deposit the loan amount Provide us with the income proof whether you are on full-time, part-time or self-employmentAfter fulfilling these pre-requisites, you can apply for instant installment loans to accomplish the following needs:
Do you want home renovation? You can do it right now by applying for easily approved installment loans.
Never feel alone when you lack the funds to have medical treatment. Avail easy funding from us and get healthy as early as possible.
Are your finances dealing with multiple debts? There is no need to worry because you rectify them in one go with our installment loans.
Are you going to marry soon? Ready to welcome a baby at your home? Arrange necessary funding by applying here and fund your happiness.
Do not miss out the business opportunity. Invest your money where you want. Apply for our installment loans now and expand your capital and commercial progress.
Extramile Finances is the UK based direct lender, and we can help you with the best deals on bad credit installment loans. Whether you are residing in London, Manchester, Birmingham or Northern Ireland, we have an extensive online reach to provide you with all the LOAN BENEFITS, such as:
Renew your loan anytime with no extra fees even before the completion of the previous oneComplete fee-free guidance on each loan deal from our professional expertsPeople with County Court Judgement (CCJ) can also apply for the small installment loansTransparency is supreme here, and everything will be cleared at the start of the loan dealThe surprise does not come as an extra fee, but it does arrive as to how quickly your financial issue has resolved A good track record of making monthly installments on time gives you an advantage of credit score improvementWe have framed the exact deal on installment loans in the UK that you have been looking for. Hit on the “Apply Now” and start submitting the enquiry form. We will reach at you via email after a few minutes, and soon you will have the desired amount to your bank account.
