What is an instalment loan?
An instalment loan is like other personal loans in that it can be paid back over an agreed period. This is usually in the form of a set monthly payment, with interest based on the length of the repayment period and your own financial circumstances.
Instalment loans give you flexibility to choose the amount you want to borrow and the length of your repayments, between one and 30 years. This way you can pick a time frame that allows you to keep up with the repayments. Just bear in mind that the longer the loan term, the more it will cost overall.