Payday Loans UK - 12 Month

What are payday loans? They are small loans offered without security, which are normally paid over from your salary checks, consequently the expression "payday". If you are out of money and need crisis fund to clear unexpected bills, apply for loan today.If wanted to know whether our lenders offer longer term lending, then our response is positive, yes they do! In case you are in need of this type of long term funding then, don't hesitate, fill the details in form attached with this website and get instant response from our lenders.

Twelve (12) Month Loans

What are 12 month loans? These are type of instalment loans, where borrower's loan and fees is equally distributed in multiple months like 3 month, 6 month or 12 month.

Why 12 month loans? For bad credit borrowers who can not afford loan repayment in single term, this 12 month repayment arrangement brings new hope for funding.

How 12 month differ from payday loans? payday loans. When loan is repaid in single instalment from coming wedge day then this is payday loan and if loan amount is repaid in 12 monthly instalments on each wage day of next 12 month then this is 12 month loan.

What are different variations in 12 month loans? 12 month loan is very popular in UK particularly in bad credit loan segment where borrowers are from low income group whose monthly repaying capacity is small but loan need is high. They are always in search of direct lenders not brokers , who can lend him '12 month loan no credit check' because their credit ratings are very poor and they suspect that if their credit score will be verified then loan approval rate will be low. Poor credit loan seekers search trend for 12 month loans is like following.

12 Month Instalment Loans

When loan amount is scheduled in such a way that it covers 12 payday's of borrower then this is called 12 month payday loans or 12 month instalment loans. For low income group who are needed higher fund but unable to repay loan in one go, 12 month instalment loan is big relief to them.

< h3>What are 12 month payday loans?

Payday loans are unsecured short term loans which are meant for 7 to 30 days borrowing and are to be fully repaid on next salary day of the borrower. Now lenders has launched this new loan product where borrower have flexibility of loan repayment from one month to 12 month in instalments which will be due on each payday of the borrower. If this arrangement is last for one year then this is called 12 month payday loans.

No credit check loans

This keyword or phrase is very popular in UK loan market specially among poor credit borrowers because they are interested in bypassing the credit check of lenders in loan approvals. Bad credit applicants afraid of loan rejection due to poor credits so they search for 12 month loans no credit check. Practically all lenders perform credit check to evaluate loan risk which is the basis of loan approval.

12 Month Loans No Guarantor

Normally 12 month loans requires no guarantor as their approvals are bases on regular monthly income of the borrower, but some time for bad credit 12 month loans direct lenders may ask guarantor for loan acceptance.

What is instant approval 12 month loan

Every applicant wishes for instant loans to solve his urgent financial needs, but loan approvals are always subject to borrower's loan suitability and affordability.

Loans for Bad Credit

Many lenders have special products of loans for bad credit, they charge higher interest rates for these loans. As short term loans are already costly loans so for bad credit borrowers these loans are on very expensive. If you are with poor credit and in need of urgent money then you may consider these loans for small amount and short duration otherwise you can search other alternative to payday loans.

Alternative of payday loans

If you have a vehicle or home that you set up as guarantee, you can check for logbook loans or home loans which are available on cheaper rates in comparison to 12 month payday loans. For more visit


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Representative Example: Borrow £250 for 90 days. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Fixed interest rate of 292% per year. 1272% APR Representative.

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