Search for a loan from £100 to £2000

Have you had a recent unexpected bill and are you looking for a short term loan? Do you think that you may struggle to make the repayment in full on your next pay date? If so an instalment loan may be a better solution for you than a payday loan as you have more time to make the repayment.

What's the difference?

When borrowing from a payday lender your loan must normally be repaid in between 7 and 45 days. On your due date you can expect to repay the loan in full. An instalment loan allows you to repay the loan over a period of 1 to 18 months, making the monthly instalment a lot more manageable as you can make a number of smaller payments rather than one large payment.


Multiple credit types considered

Taking out a loan is a big decision to make, especially if you already have existing debts or a low income. So it’s really important that you choose a loan wisely. However, choosing a loan can also be a minefield if you suffer from a poor credit record.

Before applying for a short term or payday loan, you need to ask yourself whether borrowing money is the right thing for you. If you can cut down on your spending or put off buying something until you’ve saved for it, do that. If you are borrowing money to make repayments on other loans and debts, you may be in a vicious circle and it might not be the best thing to do.

If you think that you need help with your debts, contact Step Change Debt Charity for free impartial advice at www.stepchange.org

Implications of Non-Payment

When taking out an instalment loan you will be required to sign a legally binding loan agreement. You are confirming that you will make all the agreed repayments on the agreed repayment date. Within the loan agreement the lender will detail the late payment costs. All the lenders that we work with adhere to and follow all applicable collection laws and guidance as issued by the FCA.

If you miss a payment or if a payment is late you will be expected to pay a late fee and other potential charges. A late payment may also result in further interest being due on the amount already owed.

The actual consequences will vary and depend on the specific loan provider who provides your loan. The loan provider may initiate collection procedures and your credit score may be adversely affected if your payment obligations are not met. Your debt may be placed with a collections agency who may take any collections actions allowed by law.


Repayment & Fees

Sandy Instalment Loans is a loan broker not a direct lender. We never charge you for the service we provide or take money from your account.

Many of the loan providers on our loans panel will utilise the Continuous Payment Authority to continue to attempt payment from your card consistent with the powers in the credit agreement.

Some of the loan providers on our panel do charge an up-front fee for the service they provide. You will have the opportunity of declining any loan offer provided.

Renewal Policy

Sandy Instalment Loans is a loan broker and as such the renewal policy will be dependent on the lender who provides the loan. If you wish to renew your loan, you should contact your lender in advance.

Most lenders will charge the same rate of interest and fees for another month on the entire amount owed.

Please see the details above regarding the implications of missed payments, which could affect your credit score.

All of the above varies between lenders. Please ensure you read and understand the full terms and conditions of the loan provider before agreeing to the loan offered.