Instalment Loans
Are you looking for instalment loans? If you need an instalment loan, we can help. Being a direct lender, we offer loans of up to £1500 (up to £800 for first time borrowers), which you can repay within 6 months in 6 easy instalments. Our loan application process is fast and easy, and you can get the money you need within 90 seconds to your bank, if approved.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative 1333% APR
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Very easy to apply
Very easy to apply, couldn’t have been more simpler to be honest and the money was in my account in less than a minute 10/10
Leona, 18 November 2023
Poor credit rating no problem
Quick and easy to apply
Kim, 25 November 2023
Why choose Lending Stream for an instalment loan?
Fast
Cash sent to your bank in less than 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay over 6 months. Pay off early with no extra fees and save on interest.
Trusted
Rated excellent on Trustpilot & 99% recommend us on Reviews.co.uk.
What are instalment loans?
An instalment loan is a type of loan in which the borrower pays back the loan in periodic instalments. Typically, these loans have fixed repayment terms, meaning that the borrower will make the same payment each month until the loan is repaid in full.
This makes instalment loans an attractive option for borrowers who need a predictable monthly payment.
If you need an instalment loan, we can help. With Lending Stream, you can repay your loan within 6 months in 6 easy instalments which makes us one of the best choices for 6 month loans. You can even repay early if you want to.
How much can you borrow with our instalment loan?
If you are looking for an instalment loan, then Lending Stream might help you. We can offer you a short term loan and you can repay us back within 6 months.
If you are taking a loan for the first time with us, then borrow anywhere from £50 to £800. But if you already have a loan with us in past and kept up with all your monthly repayments then you can borrow up to £1500.
How can I check my eligibility for an instalment loan?
If you are looking to apply for an instalment loan with Lending Stream, then you might want to check your eligibility first. To apply with us you must:
Have a valid debit card
An active bank account
Be a UK resident
Should be at least 18 years old
Should be in regular employment with a monthly income of at least £400
We’ll want to know if you can afford the loan payments on top of your other financial obligations, so we’ll need to see whether you have a secure job with a regular income. In some cases, we may double-check these data in a discreet manner.
How can I apply for an instalment loan?
If you are need of an instalment loan, then Lending Stream is here to help you. It only takes a few minutes to fill in our online application form and give us the following information:
- Choose the amount which you want to borrow with us
- Fill in your personal details
- Provide us with your employment, salary, expenses, and banking details
Once you have submitted your application, we will run an affordability and credit check. If your application is approved, we will transfer the approved loan amount to your bank within 90 seconds.
How long do you have to repay your instalment loan?
With Lending Stream, you can repay us within 6 months and that too in 6 easy instalments. But the plus part of having a loan with us is that we even allow early repayment without charging any extra fees.
Our loans are charged at a daily interest rate and by making early repayments you can save money. In fact, many of our customers repay their loan in 3-4 months.
What if my instalment loan application is rejected?
We consider many different factors while checking your application. This is why we never guarantee if your loan application will be approved.
If your loan application is denied by us and the reason behind denying is the information, we received from any of the credit reference agencies then we’ll let you know the name of that credit reference agency by email.
What are the advantages of instalment loans?
- Fixed Repayments: With an instalment loan your repayments are fixed, so you know exactly how much you need to repay each month. Also, you can choose to repay your loan early if you want to.
- No Collateral Required: When you apply for a loan with us, you don’t have to mortgage your house, cars, or any other assets. You can even apply for an instalment loan with no guarantor needed.
- You May Be Eligible for an Instalment Loan with Bad Credit: Being a direct lender, we will never pretend that your credit score is not at all important for us. But we do understand that your credit score will not reflect your current financial situation which is why we even consider giving bad credit loans.
- Repay in Affordable Amounts: If you take out an instalment loan with Lending Stream, we’ll give you 6 months to pay back. Unlike a payday loan you don’t have to pay it all back at once.
What are the disadvantages of instalment loans?
- High Interest Rate: Instalment Loans usually comes with a high interest rate.
- Financial Burden: An instalment loan can put you in financial difficulty if you’re not able to make your monthly instalments. If you miss an instalment or are late on a payment, you may be charged extra fees and late repayment can affect your credit score too.
FAQs – instalment loans
Is Lending Stream an instalment loans direct lender?
Lending Stream is a short term loans direct lender, and we give our users 6 months to repay their loans in 6 easy instalments. So, in this way you can consider as an instalment loans direct lender.
Can I get an instalment loan for bad credit?
Lending Stream may be able to help you even if you have a bad credit. We offer 6 month loans for bad credit customers as well (subject to affordability and credit check).
Can I get a monthly instalment loan with no credit check?
Lending Stream does not offer loans with no credit check. Being a responsible lender, we believe that it is important to run a credit check as a part of our loan application process.
We don't offer loans under 60 days. We offer 6 or 12 month loans. So, the minimum repayment period is 6 months and the maximum repayment period is 12 months. You can choose to repay early and save on interest without any penalty. Maximum APR 1721%.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Very good company
Very good company, it's easy to fill out the application, everything is written well and clearly and the money is quickly in your account. The company is worth recommending
Grzegorz Komajda, 24 November 2023
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