Frequently Asked Questions
If you’ve ever taken out a loan for a car or bought a home, you’re already familiar with the concept. An installment loan involves a set number of fixed payments due at regular intervals. For instance, an installment loan for a car might require the borrower to pay $400 on the 15th of every month until the balance is paid in full.
Rather than multiple payments scheduled over a period of time, payday loans are typically repaid with one payment due when the borrower receives his or her next paycheck. Payment is made in the form of a post-dated check or automatically withdrawn from the borrower’s bank account. Payday loans are very short-term, usually 30 days or less. Short-term installment loans are usually repaid over a matter of weeks or months.
Qualifying for a short-term installment loan is easier than you might think. If you meet the requirements listed below, it’s more than likely that we’ll be able to get you the funding you need.
- Receive regular income
- Are at least 18-years-old
- Have a checking account
*Other requirements may apply.
No! Lendute can help borrowers with good credit, bad credit and no credit. We understand that you may have had credit troubles in the past, but we’re here to help get you back on track.
You’ll receive notification straight away and/or you’ll receive an email notification with further information about completing the loan process.
The maximum amount available is £5000.
In most cases, funds will be deposited into your bank account the business day after your application has been processed and approved, including verifying your loan details and e-signing your online loan documents..
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Your loan agreement includes a payment schedule detailing amounts and due dates. You are strongly encouraged to pay off your loan as quickly as possible to reduce the overall amount of interest you pay
The best way to minimize the cost of your loan is to pay the loan off early. You can do this by making extra payments toward your principal or by paying off the entire balance early.