If you’ve been searching for an instalment loan online, you’re bound to have seen lots of options, as these are usually any type of loan that you need to repay in monthly repayments over a fixed period of time. Online loans with monthly payments could be a mortgage, or a personal or student loan, for example. They can provide a structured way to borrow money with predictable, fixed repayments, so you always know how much you need to pay back each month.