Features of Installment Loans

Understanding the Working of Installment Loans

You might think that majority of the loans that are available in the markets fall into the category of installment loans. You are somewhat right to think that.

However, installment loans are a separate category altogether, wherein you get the lump sum of the loan amount to use for any purpose you may deem fit.

The main principle behind these loans is the convenience of the borrower. This convenience and ease rely on the repayments decided by the borrower himself.

For instance,

Borrower A needs a loan of £5,000, so he applies to 24cashfinances and procures the same. The repayment of the borrowed amount is decided by the A and not by us.

• If he wants to make monthly installments instead of weekly, he can through our monthly installment loans on doorstep facility, which other direct lenders do not provide.

• If he is not comfortable with paying a higher installment of £1,000, he doesn’t have to.

• If he thinks an installment plan for 12 months is appropriate for him instead of 15 months, he can opt for the former.

Do you see the level of convenience the borrower gets through a loan like this?

Installment loans are the only category of loans, wherein the borrower holds the reigns to decide the terms and conditions for the entire tenure of the loan

In this category of loan, especially bad credit installment loans from the direct lenders in the whole of the UK, you would find;

• Flexibility in Repayments;

• Lender Comprehension of Your Financial Situation;

• And the Accommodation of Your needs with these.

“24cashfinances can proudly boast of doing all of these 24 hours a day and seven days a week. You can apply for a loan in the wee hours of the night, and by the dawn of next day, you will have your loan amount in your bank.We take the 24 very seriously in our name, as should you”.

Why let Poor Credit be a hindrance?

Poor credit has, unfortunately, become quite prevalent in modern times. The consequence of the same is the unavailability of credit for these people

However, slowly and steadily, direct lenders, like 24cashfinances, have started catering for the borrowers with Poor Credit by providing Installment Loans.

We have become a pioneer for poor credit needs because of limited obligations.

• Soft Credit Checks

  We do perform a credit check process, but in a soft way, to evaluate the creditworthiness of the borrowers.

  Installment loans from direct lenders with no credit check are quite in demand. We cannot provide the same but vouch for providing loans at the interest rate that are the most affordable in the market.

• No Guarantors

  The obligations of a presenting a guarantor is too much for someone with poor credit in his corner.

  For the convenience of the borrower, we have removed this requirement as well.

Installment loans for bad credit from direct lenders only and with exemptions like no guarantor are difficult to find and procure. However, 24cashfinances has provided up to 10,000 loans falling under this category and will continue to increase this number.

As long as you have a stable income source that can comfortably accommodate the repayment of the procured loan, we would never reject your application.