Instalment Loans

YourLoan is intended to "bridge the gap", when you find yourself temporarily short of cash. Unlike a payday loan, YourLoan can be repaid over multiple instalments, making it more flexible and affordable.

We look at what you can afford to repay on a monthly basis, and provide you with the loan option that suits you best.

All applications are subject to an affordability assessment and credit check.

The process is as follows: we give you the cash today and then take monthly repayments on your payday, directly from your bank account. Each payment pays down part of the principal and part of the interest. Repayments can be made over 1, 3 or 6 months.

This enables you to get cash when you need it, and you know your repayments are manageable. You won't be left short because the amount borrowed is repaid over time, in amounts that you can afford.

Please be aware that failure to make repayments will incur charges from £12.50 per missed payment, as well as potentially damaging your credit rating.

Why people use our Instalment Loan Service

  • Solves short-term cash emergencies
  • Cheaper than a payday loan
  • Can be cheaper than going into unauthorized overdraft or bouncing a cheque
  • Making your repayments on time will improve your credit rating
  • Private transaction

Representative Example: Amount of credit is £200.00 for 81 days; Total amount payable is £285.00; 3 equal monthly instalments of £95.00; Interest: £85.00; Interest rate: 42.5%; effective annual interest rate: 191.72%; representative 494.17% APR

To apply for an Instalment Loan, please bring in the following:

  • Your valid Debit Card
  • Wage Slips (last 3 months most recent)
  • Bank Statements linked to debit card, showing wages directly deposited (last 3 months, up to and including the date of the loan application)
  • Proof of Identification (i.e., driving licence or passport)
  • Proof of address (dated within last 3 months; if bank statement does not prove address)

Please note: An affordability assessment and credit check will be carried to ensure this is the right type of loan for you.