12 month loans – are they different to other loans?
A type of short term loan that has become increasingly popular in recent years are 12 month loans. Designed to only last one year, these loans enable you to accurately budget for the money you borrow, safe in the knowledge that it will be fully repaid in just 12 months. This is the only difference between 12 month loans and other similar deals offered by direct lenders. Allowing you to borrow a wide range of sums of money, these short term loans break up your loan into 12 manageable monthly repayments. As such, whether you are looking for a small amount of cash, or something bigger, these small loans can be a great way of allowing you to budget for the unexpected.
12 month loan questions:
Try our No Obligation Eligibility Checker
Get your money by 9:38am
Find out your chances of being approved for a loan, without leaving a footprint on your credit file. Totally free and no obligation to apply.Eligibility Check
Can I get a 12 month loan with bad credit?
We understand that there are many people who suffer from having a bad credit history. The lenders that we work with at CUJ Loans specialise in providing loans to people who have been declined elsewhere or who have a bad credit rating. Our Eligibility Checker even allows you to check your likelihood of being approved for your 12 month loan for bad credit before you apply. If you are accepted for a 12 month bad credit loan and keep up to date with your repayments, you can improve your credit score over time, making it easier for you to be accepted for credit in the future. Missing more payments will do the opposite, further damaging your credit profile and making it more difficult to be approved in the future.
Do I need a guarantor to get a 12 month loan?
If you are looking for a 12 month payday loan there are a variety of 12 month loan UK lenders who offer no guarantor loans. Understanding that not everyone has access to or wants a guarantor on their loan. No guarantor 12 month loans have become more popular in recent years as direct lenders will now offer 12 month bad credit loans, meaning a guarantor is not a necessity.