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Emergency expenses often require resolving as soon as possible, though when you can’t quite afford the costs, it can make life difficult. However, with a short-term payday loan, you can apply for the money you need without any of the unnecessary delay or hassle.
This could help you resolve your situation and get on with your day, but some loans require paying in full on your following payday, which can create further financial problems.
So to provide flexibility when it comes to paying back your loan, we offer installment loans for a more manageable approach to your money.
Installment Loans UK
What are installment loans?
Designed to be repaid in fixed payments over a certain period of time, the term ‘installment loans’ can apply to a variety of different loans. This can include everything from long-term loans, such as a mortgage, to more short-term options like a personal loan.
What are the benefits of installment loans UK?
As a part of your application when you apply for an installment loan, all of your costs and payment dates should be clearly set out. This provides you with a clear oversight of the loan and can help to make repaying a much more straightforward undertaking.
An installment loan also allows for a more flexible approach to repaying your loan over the more traditional payday loan method. The original intent of a payday loan was that the amount borrowed, as well as any interest, would be repaid in its entirety on your following payday. With installment loans, your repayments are set out over a number of months to give you a more manageable option.
How long can I spread out my installment loan repayments?
The length of time you can agree to repay your installment loan depends entirely on the lender’s limits. Typically for a direct lender loan, it’s a few months to a year, though with a bank, an installment loan such as a mortgage, can be for many years. At Uncle Buck, our installment loans are available for either four or six month periods to provide you with a flexible approach to borrowing.
Installment Payday Loans
Interested in applying for an installment payday loan today? With Uncle Buck, you could apply to borrow up to £1000 repayable in installments in accordance with your pay frequency over a period of either four months or six months. This flexibility allows you to manage your loan in a way that works for you to ensure you don’t struggle with your repayments. Borrowing limits are subject to creditworthiness and affordability checks.
Here at Uncle Buck, we offer short-term installment loans to help manage unexpected expenses. If you require help with a long-term expense or pre-existing debt, then you may find better, cheaper, more suitable options available for your current needs. We will not provide you with a loan if you have told us you are in financial difficulty or our credit assessment indicates that the loan may not be able to be repaid in a sustainable manner.
Installment Loans UK Direct Lenders
Here at Uncle Buck, we are a UK based direct lender. This means that our short-term installment loans always come directly from ourselves, so you can be assured that throughout your loan you always have a single point of contact.
Direct lender loans are generally faster too, as the often time-consuming process of passing your details around other lenders is avoided. We may pass your details on to other lenders, however, if we are unable to lend to you and you give us permission to do so.
Benefits of Installment Loans
When you apply with Uncle Buck, you can also benefit from:
Loans for Bad Credit: Bad credit preventing you from being approved a loan? At Uncle Buck, we believe that credit scores don’t always accurately reflect who you are as a borrower. So to ensure that those who can afford a short-term loan regardless of their credit rating can still apply, we offer bad credit installment loans.
No Guarantor Loans: Available without the need for a guarantor, you can apply for an Uncle Buck loan without having to ask a family member or friend to secure your money beforehand.
Straightforward Online Applications: Designed for convenience and available across mobile, tablet and desktop, our hassle-free online applications allow you to apply whether at home or on the go.
Friendly Customer Support: Our UK-based customer service team are available seven days a week to help support you throughout your loan with us.
Apply for Installment Loans
To apply for an installment loan today, you simply need to complete our online application. It’s incredibly straightforward and covers details including:
- Banking details
This information allows us to run the necessary affordability and creditworthiness checks to establish whether an installment loan might work as a suitable option for you.
We also require that all applicants ensure they fulfil the following criteria before they apply:
- Are over the age of 18
- A UK resident
- In employment
- Have their salary paid into a UK bank account
- Own a working mobile phone
- Have a valid email address
- Not currently in or anticipating entering debt management, an individual voluntary arrangement or under any bankruptcy proceedings
At Uncle Buck, we’ve been offering short-term loans since 2004 to borrowers from across the UK. To apply for one of our loans, click the Apply Now button.
If you have any questions regarding our installment loans, you can contact us today at firstname.lastname@example.org
Prefer to speak with a member of our friendly UK-based customer service team? Then call us on 01959 543 400. We are open seven days a week Monday to Friday, 08:00 to 20:00 and on Saturdays from 09:00 – 17:00.