Payday loans can be great for those who need to make up a small shortfall in their cash flow, but paying back that lump sum all at once might not be convenient for everyone.
With our instalment loans you can repay in one go, or you can spread the repayments equally over a maximum of 12 months, although borrowing for longer can be more expensive.
We don’t charge any early repayment fees; all you pay for the loan is your agreed interest. In fact, you can reduce the amount of interest you pay if you decide to pay back early.
Flexible instalment loans
At Payday UK we offer instalment loans from £100 to £2,0003, with the option to repay your loan between 1 to 12 months.
If you think an instalment loan from Payday UK is the right choice for you click here to start your application.
Applying for an instalment loan
To apply for an instalment loan with Payday UK you need to be over 18 years old, be in permanent employment, receiving a pension or disability benefit/living allowance and receiving more than £417 after tax per month. We require you to have a bank account with a valid debit card and you must meet our credit criteria and affordability assessment.