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Over how many months?

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£${ monthlyRepaymentAmount | formatCurrency }

Representative APR

59.9 %

Total repayable

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( It won’t affect your credit score )

Representative 59.9 % APR

Representative example

Borrowing £2,000 over 24 months at Representative 59.9% APR and Interest rate 59.9% p.a. (fixed) with monthly repayments of £131.05 and a total amount payable of £3,145.20. This example is for illustration purposes only. The rate and / or term you are offered is dependent on your individual circumstances Rates from 39.9% APR to maximum 89.9% APR. Loan terms from 12 to 36 months.

Instalment Loans

Here at Likely Loans we could help provide you with the finance you need, with a variety of repayment options, thanks to our great choice of quick loans available.

You can apply for a variety of instalment loans online with different monthly payment options, quickly and easily with us. Our instalment loans can range from £500 to £5000, with monthly repayments over a period of time between 12 to 36 months.

As well as this, we can help you even if you've struggled with borrowing money or getting a loan before due to bad credit or a poor credit rating. So, whether you need an instalment loan to consolidate existing debts, or to help pay for something like a wedding or a new car, then apply online today.

How Do I Apply?

When applying for one of our unsecured personal loans there are three simple steps to follow:

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1. Tell us a little bit about you

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2. Get an instant response

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3. Money next working day

Likely Loans: Direct Lenders for Poor Credit Instalment Loans

On top of being dependable direct lenders of instalment loans, a few more reasons to choose Likely Loans include:

  • Opportunities to pay back your instalment loans without any additional fees

  • Our rates are clear and upfront with an instant response

  • Apply, manage and repay your instalment loan online

Frequently answered questions

What is an instalment loan?

Instalment loans are repaid in regular, fixed amounts over an agreed repayment period, rather than repaying in one lump sum. Repaying in monthly instalments can be useful as it allows you to manage your budget better, knowing your outgoings each month. Having more time to repay also allows you to choose a more affordable payment term to suit you, based on your current situation and budget.

Can I get an instalment loan with a bad credit score?

With the ability to shop around online for different types of loans, getting rejected by your bank isn’t necessarily a problem as lenders like Likely Loans may be able to give you access to bad credit loans despite a low credit score. We understand that your financial history may not reflect your position now, so when applying for an instalment loan with bad credit, lenders will look at your current financial situation and other indicators to decide whether you’ll be able to afford the fixed monthly repayments on the loan.

If you’re worried about being rejected because of your bad credit history, you can check your loans eligibility with us without having an impact on your credit score. We do soft search credit checks which mean your credit ratings won’t be affected at this stage. Simply enter a loan amount and term into our online loans calculator to receive your loan quote.

What can I use an instalment loan for?

There are many things you can use your instalment loan to finance such as urgent car repairs, unexpected bills or home improvements. You may also want to use your loan for debt consolidation to make your existing debts more manageable by spreading the cost to repay over regular monthly payments.

Can I get an instalment loan with no credit check?

No. Responsible lending is our priority so we carry out credit checks on all loans to make sure we aren’t lending to anyone who can’t afford it.

What is the criteria to get an instalment loan?

As with most loan providers, our lender requirements are that you’ll need to be over 18, a UK resident, employed and have a bank account and debit card to complete a loan application. In terms of income, you should be able to comfortably afford monthly payments from your regular income - for example, as a guide, £700 per month would be a minimum. We’ll look at your credit history and personal finances before making our decision.

How long will it take before receiving the instalment loan?

Applying for any loan with Likely Loans is quick and simple and you’ll find out if you’re eligible within minutes. After that, once your application goes through the required checks, if you’re approved you could have your money in your bank account by the next working day.

What is an APR?

APR is the annual percentage rate and important for calculating the cost of money borrowed. Interest rates, fees, how often it’s charged and all other costs contribute to the APR. Representative APR is the APR we'll offer to at least 51% of people who are accepted - it's not a guarantee. The remaining customers that are also accepted will be offered a different APR than the one advertised based on individual circumstances. Please note, the APR offered is based on your personal situation and is dependent on many different factors. As such the APR offered may be different from the representative APR.

Will I pay a higher rate if I have bad credit?

Yes, you might. As a lender, we offer our representative APR of 59.9% to at least 51% of customers who are accepted for a loan. If you have bad credit, you may be charged a different rate.

What repayment terms are available for instalment loans?

For a debt consolidation loan, you can borrow £500 to £5000 from 12 to 36 months and pay in monthly instalments.

Can I top up my instalment loan?

You may be able to top up your loan in the future if you become eligible. You can check your eligibility through your online account.

Apply, manage and repay your instalment loan online

To get a fast and obligation-free quote for an instalment loan, all you need to do is enter a few personal details and we'll provide an instant decision on whether or not you'll be accepted. Then, you'll receive a breakdown of your instalment loan, your monthly payments and you could have your money the next working day.

Apply Today for our Instalment Loans

Like all our loans, our instalment loans are unsecured, so being a homeowner to take one out is not essential. What's more, our online applications for quotes on our instalment loans won't affect your credit score.

So, apply today and see what we can do for you. You can also get in touch if you'd like to find out more about anything from options on instalment loans for bad credit, to further detail on our pay monthly loans.

( It won’t affect your credit score )

Representative 59.9 % APR