Instalment loans


Select your loan options

How much? £

Number of repayments

repayments of

When is your next payday?

Repayment summary

Please ensure you can afford each of the repayments before applying.

Amount borrowed:
Length of borrowing:
First repayment date:
Instalment amount:
Total repayable:

Repayment summary

Please ensure you can afford each of the repayments before applying.

Amount borrowed:
Length of borrowing:
Date of repayment:
Interest per day:
Total repayable:

Please note: Calculation is for illustrative purposes only. The actual cost and repayment summary may vary based on affordability and pay dates.

Please note: Calculation is for illustrative purposes only. The actual cost and repayment summary may vary based on affordability and pay dates

Representative Example: £300 borrowed for 6 months. Annual interest rate of 179% (fixed). Total amount repayable is £450.18 in 6 monthly instalments of £75.03. Representative 447% APR.

Apply for an instalment loan in 3 simple steps

Apply for your loan

To apply for your instalment loan, just select the amount you want to borrow and how long for. You could borrow between £100 - £2,000, repayable over 3 - 12 months.

Get a decision

Based on the details you provide, we’ll make an instant lending decision. All applications are subject to credit and affordability checks.

Money deposited

If your instalment loan application has been approved it will be finalised and deposited to your bank account, subject to our final checks**

Ways to apply for instalment loans

Online

Apply for instalment loans online by filling out our application form, and receive an instant lending decision.

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In-store

You can also apply for an instalment loans in one of our 230+ stores nationwide.

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By phone

Alternatively, you can apply for a loan with us by calling our customer service team on 0800 009 3565*.

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What is the difference between payday loans and instalment loans?

Short term instalment loans and payday loans are often referred to as the same thing, but there is a crucial difference.

Payday loans enable a customer to borrow money to make up a small shortfall in their cash flow. That money is then paid back as a lump sum – usually after your payday.

Instalment loans enable a customer to borrow money, and then pay it back over a longer period of time. At The Money Shop, our instalment loans enable you to borrow from £100 - £2,000; repayable over monthly instalments of 3 – 12 months, aligned to your payday. Please note that borrowing for longer can be more expensive.

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Who is an instalment loan best suited to?

Payday loans are fine provided you can pay the lump sum all at once – if you can’t, then it can create more cash flow problems.

If you would rather pay back your loan over a longer period of time, then instalment loans may be the better option.

At The Money Shop, our instalment loans allow you to borrow between £100 - £2,000, which you can pay back over an agreed time period of 3 – 12 months. Find out more about our 3 month loans, 6 month loans and 12 month loans.

Our daily interest rates range from 0.36% - 0.64% depending on the length of your loan. This means that you’ll pay between 36p – 64p per day per £100 borrowed.

If you find you have the money to pay your loan back sooner than agreed, then you are able to do so. This means that you’ll pay less interest on instalment loans, as it’s calculated on a daily basis.

When deciding on the length of time for your instalment loan, remember that whilst repayments may be lower if you borrow for a longer period of time, you may end up paying more overall.

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Why choose instalment loans with The Money Shop?

We don’t offer any fees on our instalment loans. That’s no arrangement fees, late repayment fees or early repayment fees. All you pay for your loan is the agreed interest.

To apply for a loan with us in-store, you’ll need to bring your photo ID, proof of income, proof of address and debit card. If you apply for instalment loans online, you’ll need to upload a photocopy of these documents. Find a full list of the ID we accept here.

When looking for an instalment loan providers, it’s important to do your research and only consider responsible companies. We’re regulated by the Financial Conduct Authority (FCA), and are members of the Consumer Finance Association (CFA).

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Important information about your instalment loan

Your loan repayment(s) will be taken automatically on the contractual date(s) using your debit card. If your card details have changed please contact us urgently on 0800 009 3565* to update these.

There aren’t any late repayment fees if you miss a payment for your loan, and we won’t charge any additional interest. However, late repayment may result in us reporting this to the credit reference agencies, which may have a negative effect on your credit score.

If you are an existing customer and would like to apply for an instalment loan online, please do this through your online account. Alternatively, you can visit us in store or contact us on 0800 009 3565* to apply by phone**.

We understand that your personal and financial circumstances can change. If this occurs, or if you are having trouble repaying your online loan, let us know as soon as possible by contacting us on 0800 009 3565*, and we will do our best to help.

Free debt advice

If you are experiencing financial difficulty, please click here to find information on non-fee charging agencies that provide independent advice.

Short term online loans should not be used as a long term financial solution

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