To apply for an instalment loan, you need to meet the following criteria:
Age: You must be over 25 years old.
Residency: You should be a full-time resident of the UK.
Employment: Whether you work full-time or part-time, you need to be employed.
Affordability: It’s important that you can afford the monthly repayments.
Banking: You must have a valid UK debit account for funds disbursement and repayment collection.
Contact Information: A working mobile phone number and email address are required for loan verification and communication purposes.
When you want an instalment loan, we quickly check if you can afford it. We want to ensure that taking the loan will not lead to more money problems for you. We do a fast credit check and look at how much money you make each month and how much you spend.
At The One Stop Money Shop, we know that you might still need help with money even if you have bad credit. We consider people who have missed payments and debts. But you must show us you have a job and can afford to repay the loan.
You need to have an active bank account in the UK. That way, we know where to send the money and take the repayments from. Also, we need a valid phone number and email address to check the loan and keep in touch with you if we need to.
If you meet these requirements, you can apply for an instalment loan and get the financial support it gives you.