Why Take Out an Instalment Loan?

We understand that emergencies happen and sometimes you just need a little extra money to cover expenses that might pop up over the year, and to keep you going until you get back on your feet. This may be due to unexpected bills or those emergencies that crop up from time to time.

There are many reasons why you may want to consider taking out a loan and our online instalment loans are no different. Reasons for considering one of our instalment loans include:

  •  Financial emergencies when you need money fast
  •  Increasing the value of your property
  •  Debt consolidation
  •  Dental and Medical Treatment
  •  Emergency Travel Expenses
  •  Unexpected bills
  •  To protect your credit rating

With instalment loans, as with other forms of unsecured personal credit, it is always preferable to clear the loan early and it is crucial you repay your loan on time to avoid incurring penalties and damaging your credit report. We can work with you to determine the best terms for your loan.

You may also wish to borrow money from friends and family before looking to compare instalment loan lenders or similar loan product. However, for many, keeping their friends and family apart from their finances is important, so instalment loans are likely to offer the helping hand you need.

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We do all we can to bring you interesting, practical and valuable information. However, please understand the following:

  • Moneyboat.co.uk are in no way connected or affiliated with the application or affiliate links mentioned in this or any article. We do not receive any commission and are not responsible for any charges that may result from any free trials or paid subscriptions.
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If you feel that any of the information published on our blog is not accurate, please notify us via email at thecrew@moneyboat.co.uk.

Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative APR 1,267.9%. 

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Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.