Instalment loans

Need a loan, but can’t repay it all at once? Payday Loans Net offers instalment loans of up to £2000, for as long as 1 – 6 months. We are an FCA authorised direct lender in the UK and accept bad credit scores too. Apply now for a no guarantor instalment loan with Payday Loans Net. Fast decision – get your money today!

How Can I get Instalment Loans from Payday Loans Net?

Getting instalment loans in the UK from Payday Loans Net is a quick and easy process. All you need to do is fill out our online application form with your details. You will then receive a loan decision. We may contact you if we have difficulties processing your information. If approved, we fund the money on the same day.

Here you will find answers to the following questions, and more

How much can I borrow with Payday Loans Net?

You can borrow any amount between £200 – £2000 when you take an instalment loan with PDNET. Loan criteria vary from lender to lender, and many lenders will only offer short term loans of up to £1000. Therefore, if you need the instalment loan for a larger expense, it’s worth applying with Payday Loans Net. Your full loan in one go, from one lender. Always remember that you should only take a payday loan once you have tried all other options, as the interest rate is high, and irresponsible borrowing can lead to debt.

What is an instalment loan?

An instalment loan is like a traditional short term loan – a sum of money that you borrow, which you repay with interest. Simply put, it is a loan taken over a period of time, which is repayable in monthly instalments. Examples of instalment loans are car loans and mortgages, but you can take small instalment loans for smaller expenses too. The benefit of repaying the loan in instalments is that you get increased flexibility on your loan repayments. It allows you to manage your budget better, as you can repay the loan in smaller sums, instead of repaying the full amount in one lump sum, and leaving nothing over. At Payday Loans Net, you can pay your loan in up to 6 instalments. That’s half a year of increased flexibility, and maintaining a stable budget.

Loan amounts, interest rates and length of repayment vary among lenders, so make sure you’re getting the best loan for you. At Payday Loans Net, you can save money on your loan if you repay the loan early. We also have no extra fees or charges on our instalment loans. If you have any queries, our friendly customer service team are available to help you.

Is Payday Loans Net authorised by the FCA?

Yes we are. Payday Loans Net is fully authorised and regulated by the FCA, and we are here to provide your short term credit needs if approved. When taking an instalment loan online, be sure that your lender is legal and safe. The way to check this is by ensuring that they are regulated by the Financial Conduct Authority. The FCA (Financial Conduct Authority) is responsible for verifying and authorising all financial bodies in the UK.

How quickly can I get my instalment loan with Payday Loans Net?

Very. In fact, almost instantly. Once you apply for a loan with us, you will receive an instant decision telling you whether your application has been approved or not. If approved, we aim to fund the money on the very same day, during working days. Our flexible instalment loan terms allow you to repay your quick loans over six months. Get it quickly, repay it slowly – that’s Payday Loans Net in a nutshell.

What are the main benefits of installment loans in the UK from direct lenders?

One of the main advantages of instalment loans over other short term loans in the uk from a direct lender, is that the repayment periods are much more flexible. Instead of having to repay the full amount in one sum, an instalment loan allows borrowers to make equal repayments over a set period of time. The advantage of instalment loans for bad credit from direct lenders only in the UK is that you will be dealing with the people who will provide your loan. A broker, on the other hand, will pass your information onto third parties, putting your privacy at risk. You can apply for instalment loans from direct lenders from Payday Loans Net for the ultimate borrowing experience.

What will happen if I don’t repay my bad credit instalment loans in the UK on time?

The consequence of not repaying your instalment loan on time will depend on your lender. Each lender has different loan terms and will act accordingly. When repaying instalment loans for bad credit from Payday Loans Net, you need to have the funds in your account by 5 am. If you do not have the sufficient amount in your account, we will wait 24 hours before charging a missed payment fee of £15, regardless of the loan amount. During this time we will contact you, to help you if you are having trouble repaying so that you can avoid the fine. After this, the interest will continue to be added at the same rate as previously.

Can I get small installment loans for bad credit from Payday Loans Net?

Absolutely. We know all about low credit scores, it happens to the best of us. We also know that it takes a lot of effort to improve a credit score, and it requires patience and commitment. Therefore, we welcome applications for installment loans for bad credit too. As part of being a responsible lender, we will always carry out a credit check. If we see that your credit is improving, and you are likely to repay your loan, we won’t let your past get in the way of approving your application.

Can I get monthly installment loans with no credit check from direct lenders?

No credit check instalment loans are not available in the UK. However, some lenders, like Payday Loans Net will accept loan applications for instalment loans for bad credit. You cannot lose out by applying, and you will receive a decision on your application within 90 seconds. While it may seem discouraging that payday loans with no credit check from a direct lender are illegal, it is, in fact, a safeguard that was put in place by the FCA, to help borrowers not to end up in debt. Therefore, it is very much for the benefit of the borrower.

What’s the difference between Instalment Loans and Payday Loans?

When unexpected expenses crop up, you might choose to take an instalment loan, instead of a traditional payday loans from a direct lender for bad credit in the uk. In general, Payday loans and instalment loans are different in the way you repay the loan. When you take out a payday loan, you choose the length of time you wish to take the loan for, then you repay the loan amount, plus the interest charges, in one lump sum. A payday loan will usually be repaid on the borrower’s next payday.

In contrast, as the name suggests, an instalment loan is repayable in part repayments. Let’s look at an example. Heston takes out an instalment loan over 3 months. Instead of repaying his loan, plus the interest charges in one lump sum, his payments will be equally spread out over 3 months. By doing so, he has made the repayments lower and much more affordable.

Is it installment loans or instalment loans?

Although very similar, instalment loan is spelled slightly differently in the US. This can get confusing when looking for a suitable instalment loan online. Use this table to guide you in finding the best loan for you.

English spelling American spelling What this product is
Instalment loans direct lenders Installment loans direct lenders With a direct lender, your information is kept confidential, without being passed on.
Instalment loans UK Installment loans UK UK Lenders will have a registered address in the UK. You can go there if anything goes wrong.
Instalment loans for bad credit Installment loans for bad credit With bad credit loans, your application has a higher chance of acceptance if you have a low credit score.
Payday instalment loans Payday installment loans These are loans that can either be repaid on your next payday, or in instalments over a longer period.

Should I get an instalment loan?

Taking an instalment loan requires consideration. It is a commitment that you will take responsiblity for. You should only take an instalment loan for an emergency or unexpected expense when you have no other option, and if you’re sure you can repay on time. If you are confident that an instalment loan is right for you, consider Payday Loans Net. We are fully authorised by the FCA and offer flexible loans terms of up to 6 months. With PDNET, you can get a loan amount of £200 – £2000, with no guarantor – even if you have bad credit. Best of all, you can have the money in your account on the same day that you apply. Have a go and apply today for a flexible borrowing experience.

Written by: Felicity Jones
The article "Instalment loans" was last modified on