subject: Installment Payday Loans Tackle Your Financial Urgency With Easy Repayment [print this page] At the time of financial crisis if you are finding yourself out of funds and no other solution left for you then you can opt for installment payday loans. There may be some doubts in your mind about the loan plan like repayment, rate of interest, approval time and other formalities. So here is a brief detail about the loan plan.
This is a short term plan that can offer you an amount ranging from 100 to 1500 for a period of 14 to 31 days. The plan does not require any collateral to be pledged thus if you are able to or not willing to or you are not able to secure your dearest possessions, you can apply for this loan plan. Absence of collateral increases lenders risk of the money thus to reduce this risk you may have to accept marginally high rate of interest. In spite of that your bad credit records such as CCJs, IVA, insolvency, foreclosures, late payments and bankruptcy etc. are accepted thus if you are a impaired credit record holder you can apply for the installment loans without any hesitation.
You have to undergo some conditions before applying for the loan plan. These conditions are as follows: -
1.Borrower needs to be an adult.
2.Borrower must be a salaried one along with the regular monthly earning at least 1500.
3.Borrower should have citizenship of United Kingdom besides the same residential address for last 1 year.
4.Borrower must have a bank account in any reputed bank of UK; it should be 3 to 6 months old.
5.Borrower must have the capability of the repayment of the loan.
For applying you can personally visit the lender and better one is you can visit lenders website and can get loan amount at your own comfort. For that you are just required to have a PC with internet connection. Just fill the application form with details like name, address and bank account details etc. After this you have to submit it into lenders website and just a small verification process after that your loan amount will get approved. This approved mount will get transferred to your bank account within 24 hours of applying.
Summary
Installment payday loan offers you an opportunity to repay back the loan amount according to your repayment capacity in installments. Thus just opt for the plan whenever there is an emergency and meet your financial urgency at the earliest without any delay.
