Payday Loans Vs Instalment Loans – Make The Best Choice

Among the most popular loans available today in the UK, payday loans now face stiff competition from instalment loans. While each has benefits, there are some key differences. Before applying for a loan, it is important to know which loan is right for you. What is a Payday Loan? Borrowers who qualify for payday loans receive a small amount of cash to tide them over until the end of the...

Continue Reading

The Importance of Instalment Loans

Making a living is not easy nowadays and banks are not lending as often as they did in the past. In order to meet your expenses, you may need a loan. Instalment loans enable you to get money in case of emergencies or is you need to purchase something whereby the funds can not be paid by you upfront. If payday loans and traditional banks turned you down, instalment loans may be your safe...

Continue Reading

The Top Benefits of Getting an Instalment Loan

If you are not sure if you want an instalment loan, you should first read about the benefits. When you apply for this loan, the lender will give you a repayment period. The typical terms for mortgage loans last for fifteen or thirty years. The monthly payments are consistent. Once you receive an instalment loan, you will always know the exact amount you owe each month. The interest rates...

Continue Reading

What is an Instalment Loan?

An instalment loan is a type of loan that is repaid through scheduled periods of payment. Generally, the payment is made in two parts and the term of loan varies. It can be few months or thirty years. There are numerous types of instalment loan. For example, a mortgage is also a type of instalment loan. Many people associated instalment loan with traditional or regular consumer loans...

Continue Reading

Comparing the Competition in Instalment Lending

Since the world in which we are living is not stable, we can face emergencies requiring quick cash. The need may be so immediate that we are unable to wait for the payday even if it is just in two weeks. In that case, installment loan may be useful. Perhaps you do not have a friend or a family to ask for a loan or you do not have a property to provide as collateral for a loan. In that...

Continue Reading

How is is an Instalment Loan Different from a Payday Loan?

Instalment loans and payday loans carry often high interest. The reason behind it is partly because the borrowers have a little or poor credit history or/and are low-income typically. Such people cannot access less expensive types of consumer credit such as home-equity loans through credit union or banks, or credit cards. However, payday loans and instalment loans can have negative effects...

Continue Reading