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What Are 12 month Loans?

In the way of managing the finances, your poor credit history and bad credit record may be the biggest obstacle. However, you still have the solution to get the money when you need. The perfect example of it is a 12 month loans.

These loans are the most preferred choice among the people in the UK. The long repayment period keeps the borrower stress free because of low monthly instalments that can be managed easily without being failed. We, at OS Money, offer a wide range of such short term loans, which are tailored to your specific needs.

These small funding options are constructive in arranging emergency funding to meet the personal ends like:

  • Unexpected bills
  • Home improvement
  • Car repair
  • Debt consolidation

Your bad credit score does not create any problem in getting these loans if you apply here. We clearly understand that it is a short term problem that can be rectified shortly through an effective funding source.

We offer short term loans that you can apply with no guarantor and no broker. Our vast online presence all over the UK makes easier for borrowers to apply for our loans and get instant funding access.

Types of 12 Month Loans

  • 12 Month Payday Loans

As the name suggests, these 12 month payday loans are the best solution for the employed, and that are offered without security and to be paid back on your payday. You do not have to bear the burden of lump sum repayment as equal instalments are made over a period of 12 months. The amount you will pay every month depends on your monthly salary and other financial commitments. Therefore, you will not have a strain on your budget.

These 12 month payday loans work differently from standard payday loans that come for two-week period at most. They carry higher APR and require you to pay back the full amount. Yearly payday loans overcome these drawbacks, which is why they are more desirable. This lending offer is not suitable for the unemployed because having a full-time job is mandatory, but there is one exception to this rule. At here, you can apply for instalment payday loans if you have an offer letter from your new employer and waiting to get the appointment letter.

  • 12 Month Loans with No Credit Check

Generally, a lender considers your credit report as it helps them decide whether it is worth lending you money or not. Financial institutions emphasise perusing your credit report to see how much responsible you have been toward financial obligations, after all they will want their money back.

A large number of people avoid taking out a loan in case of less-than-perfect credit score as they end up getting a loan at a high interest rate and losing their credit scores due to hard inquiries. A credit score is an imperative factor, but it cannot keep you from applying for the loan. This is why we provide 12 month loans with no credit check.

We will make neither hard inquiries nor soft inquiries and decide the disbursal limit on basis of your income statement. We will muse over your monthly incomings and outgoings so that we do not lend you beyond your repayment capacity. These funding sources can help you finance any unforeseen expenses.

  • 12 Month Loans with Bad Credit History

Just as with no credit check loans, options are also available in the name of bad credit loans. The amount may vary according to the individual needs but the chances of securing funds are always there. These 12 month loans with bad credit history do not require any collateral and guarantor is also not mandatory to bring.

Missed repayments pull your credit score, but we know that half the time you fall behind repayments due to cash shortfalls. We understand that you may need money for another urgent reason anytime and therefore we make all possible efforts to lend you money with flexible terms.

Our poor credit loans will allow you to borrow a large amount of money compared to no credit check loans. There will be no hard footprints on your credit report and these 12 month loans with bad credit score will help you build your credit rating. If you continue to pay each instalment on the due date, your credit score will go up. A longer repayment period helps to discern the pattern of your financial reliability. Hence, we will inform the credit reference agencies of your timely payments. An improved credit score then will allow you to apply for a loan at lower interest rate down the road.

- Can I get 12 Month Loans with Bad Credit History

Yes, you can get 12 month loans with bad credit history even if your credit score is poor. As a responsible direct lender, we make sure that you get all the possible solutions to your financial problems. What you can do is confirm us that you will repay the loan on time and we will have no objection in giving approval to your loan application. However, we can expect true personal details from your end during the application procedure and we promise that all the details will not be revealed to any third party.

  • 12 Month Loans with No Guarantor

These sorts of instalment loans have been designed as such so that you can access funds immediately with no guarantor required. Small loans are mainly emergency loans and arranging a guarantor with a good credit score is very difficult during such situation. Hardly anyone will ever try to act as a guarantor when they know that they will lose their credit score as well as taking on the debt in case of default. At here, we always believe that borrowing money should not be challenging when an unexpected expenditure pops up. Our 12 month loans with no guarantor will help you tide over when other loan options get exhausted.

How to Leverage the Benefits:

Sought-after 12-month loans are £1000 loans, 2000 pounds loan etc; however, we never force our clients to borrow more than they need. Just share your personal details and the requirements online; our financial experts will design the personalised offer. Before applying for the 12 month loans, fix the following parameters yourself -

  • Secured or unsecured
  • Guarantor or no guarantor
  • Minimum amount you need
  • Importance of purpose
  • Repayment capability
  • Income stability

We are committed to help the largest community by lending money at competitive interest rates. As being the Govt. regulated foremost 12 month loans direct lender in the UK, we do not charge quotation, credit check, upfront or processing fees. Our online financial consultants give you a transparent no- obligation quote. We always encourage our customers to ask until 100% satisfaction of borrowing from the genuine direct lender.

We believe in transparency to ensure 100% customer satisfaction.