3 Month Loans
When you’re strapped for cash, 3 month loans are a short term solution to an immediate problem. If you are in a financial crisis that requires money before you receive your next payday, apply today.
What are 3 Month Loans?
As the name suggests, 3 month loans offer a degree of flexibility that payday loans can’t match, enabling borrowers to spread repayment over three monthly instalments rather than pay back a single lump sum. The extended repayment term makes 3-month short-term loans considerably more convenient (and affordable) than payday loans — especially when larger loan amounts are needed.
How do I repay a 3 Month Loan?
Most 3 month payday loans from direct lenders are repaid in 3 equal monthly instalments. The lender will make arrangements to collect payments from your bank account at monthly intervals — so you won’t need to worry about remembering repayment dates.
Your repayment plan (that forms part of the loan agreement) will confirm the three payment amounts and collection dates so that you can plan ahead with certainty.
Advantages of an Instalment Loan
There are various benefits of instalment loans that can help an individual facing a tough financial situation. All these advantages have made this a popular form of borrowing. Some of the advantages of instalment loans are as follows:
- Spending Freedom. You can use the money wherever they feel necessary. It doesn’t bound or enforce them to use the loan amount for certain specific needs. You can spend the money the way you want to.
- Flexible Payment Plans. These loans offer flexible repayment plans. You have the authority to plan your repayment. Easy monthly repayment helps you to take a grip on your personal finances. Sort out your debts in an easy manner and don’t sweat it out.
- Convenient. If your loan application gets approved by the lender, the loan amount will be disbursed to your bank account.
Applying for 3 Month Loans
To apply for a loan you simply need to fill in our online application form. Our application form is simple and easy to complete, and we ask only for the data that we need in order to process your loan whilst ensuring that you are in a position to repay your loan on time and in full. To be eligible you must be at least 18, live in the UK and have a stable source of income.