Instalment Payday Loans

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 Instalment payday loans, you can apply for the money you need without any of the unnecessary delay or hassle.

So to provide flexibility when it comes to paying back your loan, we offer instalment loans for a more manageable approach to your money.

What is an Instalment Loan?

An instalment loan is a loan that you repay in a number of payments, instead of paying in one lump sum. Instalment payday loans can be a short term loan of as little as 2 months, or it could take as long as 30 years to repay. The benefit of this increased flexibility allows you to manage your budget better, as you can repay the loan in small sums and still have money left over.

At PM Loans, you can pay your loan in up to 12 month instalments. That’s a whole year of increased flexibility, and maintaining a stable budget.

Am I eligible for Instalment Loans?

At PM Loans, we have eligibility criteria to ensure that we are lending responsibly to our customers. The typical criteria for instalment loans are:

  • Over 18 years of age
  • Must be a UK resident
  • Valid email and mobile phone
  • Employed (full-time or part-time) and earning a stable amount of income
  • Able to afford monthly repayments

How do Instalment Loans work?

The average application takes around 3-5 minutes to be completed and you will be required to fill in details including name, age, place of residence, income, employment status, expenses and bank details so the lender knows where to send the money.

Upon completing your loan application, you will usually receive an instant decision on the screen letting you know if you have been successful or not. If approved, you will need to sign a loan agreement online which just takes a few moments and the lender will run a series of credit and affordability checks.

If successful, your loan can be funded into your bank account in one lump within a few hours, or at maximum the next working day.

Apply for Instalment Loans with PM Loans?

If you’re interested in applying for an Instalment loan, then it’s time to get started. Our loan calculator is available for you to choose your desired loan amount. You can even check how much you’d be repaying over specific loan dates. However, this is prone to changes as it is an estimate.

Simply complete our online application. It’s straighforward and covers everything we require in order to give you a loan.

Apply Now!