12 Month Loans

The online presence of these loans is a considerable benefit if you want to borrow money hassle-free. The difficult loan procedure is history now. Direct lending has made everything effortless now. Easycheaploan can make you experience the ease of a 12-month loan from a direct lender. Let your money crisis know that you have a place to depend on when all doors of help are closed.

The 1 year loan instalments are pocket-friendly. You can pay off the complete loan without disturbing your budget. If you want to get funds in real time, it’s time to treat your money crisis with the appropriate solution to this small loan. If you are in the middle of a money crisis, it’s time to take your first step and apply now for loan. The speedy approval and timely disbursal will send you money before you know it.

What are 12 month loans?

Loans for 12 months are short-term loans that offer instant money in case of emergency or temporary financial requirements. The loans are known for the speedy fund disbursal due to a 100% online procedure. The repayments and interest rates are flexible due to the customisation feature. Any borrower from any financial and employment status can apply. As long you have the capacity to repay, we can assure the loan approval.

Here are several specific features you should know –

• These loans have a speedy fund disbursement feature. The borrower receives the funds in a maximum of 24 hours. Many times, the fund transfer happens in an hour or two. The fact is that personal financial circumstances matter a lot for any lender while processing a loan application.
• A credit score is necessary but not the only criterion that Easycheaploan considers. Your repayment capacity is the ultimate factor that helps us approve. The loan amount and the interest rate depend on it, too.
• These loans are available to everyone over the age of 18. Anyone can apply, whether the applicant is a student, a working professional, or running a business. In the UK market, another name for these loans is ‘the last-minute savior’, which does not sound like an exaggeration.

How can I be eligible for a 12-month loan?

It’s simple to qualify for a short-term 12-month loan. Only a few conditions and you are good to go to get funds in your account after a quick and short procedure. Read the points below and you will realise the ease that the easy loan process offers.

• The applicant should be self-employed or earning a monthly salary.
• The borrower should have a repayment capacity. Having an income that is all consumed by other debts will not work.
• The applicant should hold the age between 18 and 65 years old. At Easycheaploan, these are the age criteria. Some other lenders restrict it to 60 years.
• The financial history of past three months plays a vital role in loan acceptance.

The above points present the general criterion most lenders follow. Still, the individual discretion of every lender is always there in several aspects. For example, some loan companies may want a 3-month financial history. The other may need to take a look at 6-month personal finance history. You know what? As long as you get approval from us, you can find things happening at a low cost. We suggest looking for 12-month loan lenders not brokers for small-scale financial requirements.

Can I get loans for 12 months with a bad credit score?

Despite a poor credit score, you can borrow money through any short-term instalment loan. It is a widespread myth among borrowers that a poor credit score can never help a person get a loan approval. You should know that you can borrow funds through a repayment capacity. Not only this, a borrower is eligible to get 12 month loan for bad credit without guarantor from a direct lender. You can avail yourself of funds as long as you can prove your ability to repay the amount.

Direct lending is a liberal alternative to traditional lending. Of course, the latter has age old roots, as the banks follow the decided procedure. However, online or direct lenders also follow the lending rules. In conventional banks, less attention is paid to the ability of a loan application to pay back money. Any past issue in finances can overshadow the current repayment capacity. On the other hand, direct lenders focus more on the current personal financial ability of a loan applicant.

Credit score is one factor, not the only decisive factor. And you know what? The interest rate for the 12-month loan for bad credit people is customised, which lower than conventional lenders. If you want to experience it, then leave a query and we will

What are the benefits of loans for 12 month?

Counting the benefits of these loans can be one of the favorite things for a borrower. If you want to know how this loan option helps you in several ways, read the points below.

Dependably speedy-Direct lending offers loans for a year through instant approval. You can get funds in your account in a maximum of 24 hours. Remember, it’s the maximum time. Usually, the deposit happens to be faster right after the loan approval.

An affordable alternative to payday loans– People generally think that payday loans have higher interest rates. Try a 12-month payday loan and pay the instalments on your next salary day. You can stay sure about a pocket-friendly deal as the interest rate is lower.

Varied repayment methods -You can choose to repay the loan through any of the available payment methods, including electronic clearance service, auto debit facility, and post-dated cheques. There is a considerable benefit to choosing direct lenders.

No early payment charges –If you want to pay off the borrowed funds before the loan duration ends, no early repayment charge will apply. After all, you want to come out from a debt sooner. It should be a good thing, as it reflects your repayment capacity.

Is it possible to get a no credit check loan for 12-month term?

Yes, it is possible to get a loan without a credit check. You can also call it a soft credit check. It is a loan process where credit check leaves no footprint on your credit score or financial records. You need to have a dependable financial history proving you are good at repaying debts to get funds without any credit check process. In a direct lending culture, it is easily possible to obtain funds without having any impact on personal financial records.

Not only can you get instant money without a credit check, but you can also qualify for a loan without a guarantor. Search forno guarantor loan with no credit checkand you will find lending companies providing the same. In fact, you are already in the right spot. Apply now for the funds and get money transferred to your account quickly.

The soft or no credit check process does not affect the fast loan procedure. Also, the minimum fund disbursal time is 1 hour, and the maximum is 24 hours.

Do you need money for urgent or short-term requirements? This explanation should help you understand the significance of loans without credit checks. We are here 24/7 to clarify all your doubts and guide you through the quick loan process. Once you submit the loan application, you will get an instant approval decision and money immediately.

Why choose Easycheaploan?

We are an unconditionally unbiased direct lender. Some borrowers apply and take a loan. On the other hand, some applicants want to know everything about a loan product before they apply for it. Our customer support team is always there to help people understand how borrowing money helps them say goodbye to their money crisis.

Several other features of our services can convince you to choose us for your next loan requirement.

Instant approval –All types of short-term loans should be able to provide money to the borrowers quickly. We do this in case there is no guarantor loan for 12 months and all types of loan options we offer. The moment you complete the online application procedure, an instant approval decision appears on your screen. If approved, the funds reach your bank account in the shortest possible time.

Assured privacy – All your information and financial details remain private with us. We never forward any information to any third party. After all, mutual trust is vital between a lender and a borrower for any interaction in the future. It is our strong privacy policy that we have many existing loyal clients. If you plan to apply, do it now and see things yourself.

Track your application-Transparency is another important pillar of our landing policies. You can always track your application status and see things happening in realtime. You can see us working on your requirements when you keep filling out the application. If you have any doubts, you can call or chat with our customer support executive through the chat box.

Easy eligibility criterion –We believe in simplicity. Our loan process and lending criteria make it easy to qualify. Contact us if you have any confusion about eligibility rules. However, as you can read above the eligibility, it is a cake walk to apply and effortlessly get funds during your rainy days. Short term funding can never be complicated on any aspect this is what we try to implement while lending to our borrowers.