WHAT ARE INSTALMENT LOANS? | INSTALLMENT LOANS EXPLAINED | 12 MONTH SHORT TERM LOANS


If you are one of the millions in the UK
who have used a payday loan then you’ll know how much worry their repayment can cause. Well, instalment loans aim to solve this problem by spreading out repayments over a number of months without the risk of extra fees and
charges. Not only can you borrow over a longer period than you can with a payday
loan but you can also borrow more, subject to affordability. Instalment
loans of 12 months and under are protected by rules that limit the cost
of credit and the size of fees. However they’re still a relatively expensive way to borrow. There may be cheaper and more appropriate forms of borrowing available. To find out if this is the case for you try our “Find a Loan” tool. If you do choose to use an instalment loan then keep in mind that most lenders will
allow you to repay the loan early to help reduce the total cost. Discover more about instalment loans and compare our trusted lenders at the Solution Loans website: www.solution-loans.co.uk/instalment-loans/

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