Pay Monthly Loans
Are you facing an unexpected expense that needs paying off quickly, but cannot afford the costs? Then a payday loan could be an ideal option to help you resolve this situation. However, when deciding to take out a short term loan, they will be pay monthly loans. These are known to involve repaying the full amount owed back on your following pay date.
So, if you’re interested in taking out a payday loan, then look no further. BingoLoans is here to help and tell you all about our flexible lending options.
What is Pay Monthly Loans?
Pay monthly loans are inevitably just payday loans that you repay back month by month. If you’re repaying a £400 loan, that could be paid back monthly in 4 easy instalments of £100 plus interest. Or paid back in 2 instalments of £200 plus interest.
As a direct lender, our loans always come directly from us, so there’s never any worry as to who you’re borrowing from. We set our repayment dates as clearly as possible when you apply, so you’ll always know exactly what and when money is owed.
Pay Monthly Loans Eligibility
Looking to apply for a pay monthly loan with BingoLoans? With our online application process, it’s simple. To be eligible, all applicants must first fulfil the following criteria:
- Be over the age of 18
- A UK resident
- In employment
- Have their salary paid into a UK bank account
- Have a working mobile phone and a valid email address
If you fulfil the required criteria, you could be approved a pay monthly loan simply by answering a few questions regarding your address, banking and employment details. As well as this, once we gather the necessary information, we will run the relevant affordability and creditworthiness checks. These checks allow us to see whether a loan from us could work as a suitable option for your needs.
Applying for a Loan
When applying for a loan, you can use our loan calculator to choose the amount that you require. Once chosen you can fill in our online application form with your relevant details. Once applied, we can run the checks to see we would be lending responsibly to you if approved for a loan.
To apply for a BingoLoans payday loan, you do not need to fill in any paperwork. Our application process is 100% online.