Instalment Loans

How do Instalment Loans Work?

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Instalment Loans | Loan Princess | UK

An instalment loan is a personal loan that you can repay over time according to a schedule of monthly payments as set by the lender and agreed by you. Any loan that you take out – if you are paying back in instalments – it will be termed as an instalment loan. Personal loans are […]

Short term loans

Risks Associated With Short-Term Loans

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Short Term Loans

In this article, Loan Princess looks at the risks associated with taking out short-term loans and payday loans. Over 4 million of them are taken out every year in the UK so they’re certainly what could be called “established” – just as established as credit cards, store cards, and other types of personal loans. If […]

Personal Loans

12-Month Loans: How Right Are These?

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12 month loan

Definition A 12-month loan is more likely to fall into the division of instalment loans under the section of unsecured loans. It is also known as “personal loan” or “long-term loan”. In a 12-month loan, the borrower receives a loan from a lender for a specific amount of money to be repaid within 12 months. […]

Payday Loans

Payday Loans Are Safer: Not Cheaper

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Payday Loan

Short-term lending is not a new concept, but its applications that we come across are the spawn offs of a technological revolution that is still underway. A Payday Loan, the most talked about element of short-term lending is not an exception to it as well. These loans are convenient for specific needs and untimely financial […]

Payday Loans

How Payday Loans Affect its Borrowers?

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Payday Loan

Payday loans are easy to obtain, but they may cause more harm to your mental and financial stability. This kind of short-term lending is not a new terminology, it dates back to the mid-1700s. According to a report published by the Office of Fair Trading, the payday loan market has shown a commendable growth. From […]

Personal Loans

How to find a cheap loan in the UK

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Cheap Loans

For borrowers in the UK, there are many different options available to you if you are in need of finance. But where can you find the cheapest deals on loans? In this article, the Loan Princess team explain what options you have, how to find a loan for yourself, and why you should consider choosing […]