Instalment loan renewal policy
Your lender may be willing to renew your loan. If you wish to do this you should contact them as soon as you know. Our lenders generally charge the same or better rates for loans if you have successfully repaid a loan to them in the past. Remember our lenders have to check that you can afford any loan. Any decision you make regarding the renewal of a loan should be made with full consideration of all the costs and your situation at that time.
Late or non-payment could lead to further interest and/or charges being added to your account.
All Day Loans are the first port of call when you need a quick injection of cash in the month and to spread the repayments out over a number of months. This is a good alternative to a short term loans or payday loans. We have the ability to search our select panel of short term lenders in a matter of minutes, returning a decision to you within the same time.
Of course everyone is aware of the convenience that All Day Loans offer in terms of how quickly you can get a decision. The All Day Loans ethos is to offer that same convenience and speed offered by payday loans lenders but offer loans that leave you a little more breathing space with repayment.
Of course you will never find any hidden fees for our services and all loan applications will only be the first step in your loan approval. By simply submitting an application with us does not tie you into a loan agreement.
This is a misunderstanding some borrowers’ have. You will only be liable for a loan and repayment after agreeing to the loan contract and signing electronically online with your lender before receiving your cash.
All Day Loans over a longer period
A loan through alldayloans.co.uk is a great alternative to a short term loans because unlike traditional payday loans, you can pay back over a longer period, up to 60 months.
When you apply for an online loan with All Day Loans you are not usually required to fax over any supporting documents such as bank statements or employer references. Our lenders are normally able to provide a decision, simply through submission of a basic 5-minute form.
All Day Loans through All Day Loans are approved online and funded directly to your UK bank account. However, the repayment can be made over several months, rather than just one month.
We tend to find that instalment loans suits most borrowers as they have longer to repay. The decision to apply for a loan should be the result of consideration and full understanding of the loan terms within the agreement.
No obligation application
Providing you fulfil the simple eligibility criteria, you should have no problems with making an application. Just because you make an application, does in no way mean you will be accepted for a loan. This is the same process as when you apply for short term loans. Your initial application will be screened by the lender which is most likely to approve your application, based on the details that you have provided on your application.
If you meet all the criteria for a loan and your credit screening is successful, you will then be presented with the best available instalment loan for your circumstances. You are under no obligation to accept this loan offer and will not be liable for anything until a loan agreement has been signed.
So if you required a loan of £400 for example and are only offered £200, you are in no way obligated to take the loan offered and have every right to change your mind or not proceed.