Taking out an instalment loan of between £100 – £600
Loans at Home provide instalment loans of between £100 and £600, which can help you out if you need to repair or replace something and don’t have the spare cash available. Because interest rates are fixed and you make a regular weekly payment, these loans are a great way to help you stay in control of your cash as you repay the borrowed amount.
Borrowers take out instalment loans for all sorts of reasons – maybe you have some urgent household repairs to see to, or your car needs servicing to keep you on the road for work. Whatever your reason for borrowing, an instalment loan can be a sensible choice.
To work out which loan amount would be best for you and the repayment period that would suit you, use our online calculator. This handy tool tells you exactly how much your weekly repayments would be when you borrow with Loans at Home.
Tell us the amount you want to borrow and over how many months you'd like to repay it, and we'll calculate how much your repayments might be.
About Loans at Home instalment loans
With a Loans at Home instalment loan, you can decide how much you’d like to borrow, as well as the repayment timeframe that will suit your personal lifestyle. Unlike other lenders, Loans at Home likes to really get to know its customers. After you’ve put in your first quick online application and we’ve spoken to you over the phone, all our contact with you will take place in your own home. Our friendly agents will come out to listen to your needs and deliver the cash you’re borrowing directly. Likewise, when it comes to repayment, we’ll pop in to see you at home each week. This means you can develop a real familiarity and trust with your dedicated Loans at Home agent.
What is an instalment loan?
An instalment loan is a loan that is repaid in regular instalments, on either a weekly or monthly basis. It’s important to be confident in your ability to make the repayments when you take out an instalment loan. Direct lender companies like Loans at Home lend to people, then the loans are repaid in regular instalments over a period of weeks, months or, sometimes, years. While some companies may collect repayments via your bank or through the post, Loans at Home prefers home collection. That’s because visiting customers in their own homes gives us a chance to get to know them, and their needs. When you’re thinking of taking out an instalment loan, it’s wise to consider how you’ll budget for the repayments and work out exactly how much you can really afford to borrow and over what time frame.
Can instalment loans help with bad credit?
If you’re looking for an instalment loan for bad credit, you need to be sure you’ll be able to make your weekly repayments. By doing this you can actually help to rebuild your credit score, which could, in turn, help you to get credit in the future. The higher your credit score becomes, the more likely it is that lenders will lend to you, but this is not guaranteed. This includes mortgage providers, credit card companies and major banks. However, the reverse is also true. If you don’t keep up with the conditions of your loan agreement and you default on payments, you could end up damaging your credit score further.
When is the best time to repay your loan?
An ideal time to arrange to make repayments on instalment loans is on or close to your pay day. So, if you get paid every Thursday ask your Loans at Home representative to call around on a Friday to pick up your payment. On the day that you first arrange your loan, your agent will explain all the ins and out of repayments and will try to make the process as convenient as possible for you.