Weekly Instalment Loans

£100 to £5,000, same day payout*

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Boutell.co.uk is a broker, not a lender, and does not make credit decisions.

Representative Example: Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).

*Boutell does not perform a credit check on any of our applicants however lenders will determine if you're eligible for a loan via a soft search. If you accept the loan offer a hard search is performed.


How Weekly Instalment Loans can make Repayment Easy

There are many different types of loans and it is worth knowing about them because you will be able to make the right choice when you need a loan. There are a few factors that are really important when choosing a loan and some that are less important. It is really wise to make sure that you get your priorities right.

How much would you like to borrow?

Representative Example: Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).

  • How much you can borrow – It is obviously really important to make sure that you choose a loan which allows you to borrow the amount of money that you need. You will have to think about exactly how much you need in order to do this. It can often be really tempting to borrow more money than you need so that you can have a bit of extra to spend. This is not surprising as it can feel nice being able to treat yourself or others to some extra things. However, this is an expensive way to buy things as you have to repay the loan and cover the costs associated with that. You might think that it is worth it if you really want the extra money and so it is a decision that you will need to make. It is worth thinking about whether you would buy those items if they were more expensive and how much extra you would be prepared to pay for them. Then calculate the cost of borrowing the extra money and you will be able to work out whether that cost is more or less than you are prepared to pay. Of course, you may find that you will not be able to borrow enough to cover the expense that you have.
  • Cost – It is a good idea to think about the cost of the loan. You should be able to calculate this fairly easily. If you use the calculator on the lenders website it will be able to let you know how much you will have to repay in full. If you take away the amount that you are borrowing the difference will be the cost of the loan. If you find it tricky to work this out then it could be wise to get in touch with the lender and ask them as their customer service department should be able to help you out with this. You need to then think about whether you think the loan offers you good value for money. You will be able to compare the cost of different loan types as well as different lenders and that will help you to know which loans might be the best for you.
  • Lender – Some people have feelings about which lenders they might like to use. It could be that they want a lender that they have heard of, for example. This is because we tend to trust lenders we have heard of more. This is probably not a good reason though as we may not even know why we have heard of them, it could be because once we read something bad about them, but now we remember the name but do not know why. It could be that we have seen advertising for them, which does not necessarily mean that they will be good. It can be good to look at reviews of the lender to see what other people think of them. You might be able to ask people that you know and they are likely to give you an unbiased opinion. If you cannot, do not want to or want more information then
  • Repayments – It is really important to make sure that you will be able to manage the repayments. There are many things that you should be looking at here as whether you can afford to repay could make the difference between a good and bad loan experience.

The Importance of Repayments

  • How much you repay – Fhe first thing that it is important to be aware of is how much you will repay. This is something that you should be able to calculate on the lender’s website. They will normally have a calculator where you can enter how much you want to borrow and how long for. It will then let you know how much you will need to repay whether that is one instalment or several. The loans will vary in how often you have to repay.
  • How often you repay – How often you repay a loan will depend on the loan. Many loans will have regular monthly repayments. However, there are also small loans which have no regular repayment schedule at all or that have a very small minimum payment with flexible repayments for the rest. It is worth thinking about what might suit you – it could be that you want something flexible, something monthly or that you feel a weekly repayment could make repayments easier for you. Consider how often you have money coming into your account and this will help you to think about when you should be repaying. If you are paid monthly, then repaying each month after you get paid would probably suit you best. However, if you get paid weekly, then a weekly repayment could be easier for you as it will mean you have more money available when you need to repay, you will spread the repayments over more time and you will repay less each time.
  • The term of the loan – The amount of repayments you pay will determine how long the loan will last (which is known as the term). If you repay it in one lump sum when you next get paid then the term will just be a few weeks. If you pay a small minimum amount then the term could be long. If you take out a mortgage then the term will be very long. It is good to think about what will work for you. If you get paid monthly, then monthly repayments could suit you but a weekly instalment loan could make repayment easier if you are paid weekly.
  • The cost of the loan – The cost of the loan will also be important. This is how much you actually pay for the loan. The longer you have the loan for; the more expensive it tends to be. This means that you will need to think about whether you do want a longer term, which will be dearer. It is worth thinking about how you can balance out the cost of the loan with the term. You want to make sure that the repayments are manageable but the loan is not too dear. If you repay monthly then it could last a long time but weekly instalments could mean that you will be able to repay the loan more quickly and therefore make it cheaper. This is obviously also determined by how much you repay each time.

How We Compare

  • Boutell
    Why Use Us?
  • How much can I borrow?
    £100 - £5000
    No hidden fees
  • Over how long?
    1 - 36 months
    Flexible repayments
  • Can I apply with bad credit?
    Quick decision
  • How do I apply?
    Online fully SSL secured
  • When can I apply?
    Even on bank holidays
apply now!

As you can see there are a lot of things that you need to consider when you are looking to borrow money. This means that it can be a good idea to get an idea about different types of fast loans and their costs before you apply for any loans. You may not have time when you are desperate for a loan and therefore it could be wise to do some research first so that you know what to do if you do need money in an emergency. If it is too late for that then you might need some help in getting a loan quickly. This is where credit brokers such Boutell can help you with getting a loan. They will be able to take your details and provide you with a suitable lender. This will take the stress out of searching for a suitable loan and will make sure that you get a lender quickly. It can be a big panic if you need a loan really quickly but if you are able to use a credit broker to help then this will reduce your anxiety.

It is therefore wise to find out more about credit brokers if you can. This will enable you to decide where to find them and which one you like the best. You will then be prepared for when you need a loan and you will be able to go straight to a credit broker and see what loan they can suggest for you. If you know what type of loan you need, how often you want to make repayments and how much you want to borrow, they will be able to send you details of a lender that will be able to provide you with that.

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