Representative example: borrow £600 for 8 months. 1st monthly repayment of £144.38, 6 monthly repayments of £192.50, last monthly repayment of £96.25. Total repayment £1,369.63. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Our loans are available for 3 to 9 months depending on the loan amount — rates between 295.58% APR and a maximum APR of 1294%.
Representative example: borrow £600 for 8 months. 1st monthly repayment of £144.38, 6 monthly repayments of £192.50, last monthly repayment of £96.25. Total repayment £1,369.63. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Our loans are available for 3 to 9 months depending on the loan amount — rates between 295.58% APR and a maximum APR of 1294%.
An instalment loan is a type of borrowing where you receive a fixed amount of money upfront and repay it in regular set payments (usually monthly) over an agreed term, such as 6 to 60 months. Each instalment typically includes some of the amount borrowed plus interest (and any fees, if applicable), so the balance reduces over time until it’s paid off in full.
Instalment loans can be unsecured (not backed by an asset) or secured (linked to something you own, such as a car or your home). Missing payments can lead to late fees, damage to your credit file, and further action from the lender.
Yes, Badger Loans works with direct lenders. When you apply through our website you will be matched with a direct loan provider who will process your application from start to finish. This includes the funding, collection, customer service and more.
There are no upfront fees involved. You have the peace of mind knowing that we have selected the lenders on our panel based on their commitment to responsible lending.
Click on ‘apply now’ and you will be able to complete our online application form. It only takes a few minutes and you will receive an almost instant decision online. You will be matched with one of the lenders from our panel of up to 50 providers. From there you can choose whether you would like to proceed.
There may be some further checks involved. You may be required to provide proof of your income through a payslip or bank statement. If you have passed all the relevant checks you could get your instalment loan transferred to your bank account on the same day.
Funding times vary between lenders. Some approved applicants may receive funds on the same day, while others may wait one or more working days for final checks and bank processing. Do not rely on a particular timeframe until the lender confirms it.
Our initial soft search won’t impact your credit score. A full credit check is only performed once you accept a loan offer.
Lenders typically check your income, essential outgoings, existing credit commitments and recent bank statement activity. They want to be sure the repayments are manageable without causing financial strain.
Loan amounts vary between lenders but many offer between £1,000 and £5,000 for applicants with poor credit history. Higher amounts may be available if your income is stable and affordability is clearly demonstrated.
Possibly. A refusal from one lender does not automatically mean every lender will make the same decision, because criteria vary. However, several applications in a short period can be unhelpful, particularly if they result in multiple hard searches. Check your information, affordability and credit report before applying again.
Provide accurate information, keep the loan amount realistic and make sure you can clearly afford the repayments. Checking your credit report for errors and clearing small overdue amounts can also improve approval odds.
Not necessarily. A longer repayment term can reduce the monthly payment, but it may increase the total amount repaid. Compare the APR, term, monthly payment and total repayable rather than assuming an instalment loan is automatically cheaper than short-term borrowing. See our Short Term Loans page for more information.
Yes. Many people use instalment loans to cover urgent but essential costs such as car repairs, household bills or unexpected expenses, while spreading repayments more manageably.
Most instalment loans come with a fixed interest rate, meaning your monthly repayments stay the same throughout the term, making budgeting easier.
Terms can range from a few months to several years, depending on the lender and the amount borrowed. Shorter terms usually cost less overall, while longer terms reduce monthly repayments.
Yes. Instalment loans are typically reported to UK credit reference agencies. Making payments on time can help build a positive credit history.
Instalment loans have fixed repayments and a set end date. Revolving credit, such as credit cards, allows ongoing borrowing and flexible payments, often at higher interest rates.
Always review the APR, total amount repayable, repayment term and whether the monthly payments comfortably fit your budget now and going forward.
Instalment loans are repaid in small, monthly instalments, rather than one large repayment like a payday loan. The main benefit is that you are able to spread repayment over a longer period of time, giving you time to get your finances in shape.
For those with existing bills or debts to consolidate, instalment loans can help you pay them off, since you receive the money in one lump sum. You then have several weeks and months to pay off your loan and eventually get yourself into a stronger financial position.
Not sure if you’ll qualify? Start with our Affordability Calculator — it only takes 2 minutes and won’t affect your credit score. If you’re eligible, you could apply for up to £15,000, with flexible repayment terms from 1 to 60 months. You can even repay early at no extra cost!
Instalment loans repayment example:
Loan amount: £500 for 12 months at £79.09 per month. Total amount repayable of £949.08. Interest: £449.08. Interest rate: 140% p.a. fixed*. 278% APR Representative. Rates between 9.9% APR and 1295% APR.
If that sounds like you, you’re eligible to apply today!
Badger Loans works with a panel of up to 50 lenders in the UK. This helps improve your chances of being matched with a suitable loan from one of the lenders on our panel. With each lender having different requirements, you can maximise your chances of approval through Badger Loans. Every lender on our panel has been reviewed and vetted to ensure that they are fully authorised, regulated and trustworthy. With no upfront fees, you can receive an almost instant decision in up to 5 minutes and if successful, can receive funds on the same day. Sometimes within a few hours. We will not pass on your information to any other companies without your permission.
It may be possible to get an instalment loan with bad credit, but approval depends on your current income, outgoings, existing commitments and the lender’s criteria. A weaker credit history may lead to a lower amount, a higher rate or different repayment terms. A longer term can reduce the monthly payment but may increase the total amount repaid. Read more on our Bad Credit Loans page.
Get your decision in minutes and, if approved, receive your funds within the hour. Applying won’t affect your credit score.
