Traditionally, payday loans were required to be repaid after just one month. While some payday loans are still needed to be repaid in this time, there are now options available. Understanding that repaying a loan in just one month is not a viable option for some people, many payday loan lenders now offer payday loans that can be repaid over 1 – 36 months.
They are allowing you to make smaller repayments; enabling you to spread the cost of the loan over a period that is better suited to your budget and requirements. Of course, not all lenders offer this option, so you need to shop around to see which ones do. To help you do this, we can quickly compile a list that allows you to identify and compare such loans easily.