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They are loans for a duration of 12 months. Typically, a loan with one pay-off date is considered a payday loan. A loan with a longer duration, over months, is considered an instalment loan, or a short term loan for people with bad credit. If you need one of these, click the apply button above.

Get a high acceptance payday loan now by clicking the “apply” button above. What are payday loans? They are small loans offered without security, which are typically paid back from your employment cheques, hence the term “payday”. 

If you are employed and are in need of emergency funds to resolve unforeseen bills, apply for a short term loans bad credit uk today.

If curious whether we offer longer term lending, the answer is yes — we do! If that’s all you wanted to know, feel free to hit the “apply” button and in a few minutes you can have cash sent to you. Having more questions about the process or about who we are? Feel free to continue reading!

12 Month Payday LoansAmount Accepted
Short Term £100
Instalment £200
Payday £300
Logbook £400
12 Months £500
Over 12 Months £600

We have payback that can scale by the month. Whether you want a 3 month direct lender payday loan uk a longer term deal, we have a product that can meet your needs. They will have various fees (some higher, some lower) depending on your requirements and whether the lending will be secured or unsecured.

A 12 month loan is a type of lending that is sent to your bank when you borrow from a lender. They are generally repaid when you receive your pay. They also go by the names short term, cash advance or bad credit loan.

12 Month Loans - No Guarantor

As you would expect, payday loans can give you higher amounts with lower fees than the unsecured variety. That makes sense though, right? Because the risk is greater when there is no security. At this point, if you want to get started, just click that apply button. If needing more information, keep following below.

Let’s make an assumption that this is NOT some type of secured personal loan bad credit, meaning you will not be putting up any sort of collateral. When you have a vehicle or home that you put up as collateral, we can work with that too (for less fees and less interest) — that scenario will be outlined later in this article. But for now, let’s address the situation with no collateral.

No Credit Check Loans

With no credit check loans, you take an item that has value to it — most commonly a vehicle — and you use it as collateral. That item then has a lien placed against it for the amount. Our company then issues a logbook to you, where it has many little stubs that you can tear off and send in with your payments on a weekly or monthly basis. When the last stub is sent in, the lien is released and there is no more lien.

Loans for Bad Credit

In that case, we require that you have a job or other form of steady check coming in on a regular basis. If that describes you, we can quickly send you cash. We do not require good history in this situation, in fact — we don’t even check. This is a no check application, the perfect option when considering yourself as having bad credit.

You can qualify, but it will be far more expensive than if it were secured. Such a long term is better handled as a logbook loan or even a mortgage.

12 Month Installment Loans

Why would you go through that hassle? Because the lender has less risk, your fees are lower and the interest rate is lower. This is a much better deal for you, and certainly something you will want to take advantage of if you’re going for one with a duration of one year.

Another option is to take out a mortgage on your home. This could be considered the least risky proposition of all, and as such your fees would end up being the lowest, with the best possible interest of all options. Select the option that is best for your situation, then compare our fees and interest with that of our competitors. You’ll see the right choice, and when you’ve made your decision — we can get cash wired to your bank account within minutes.

12 Month Loan FAQ 

The process is very simple. You just have to fill out the form and we will review the application carefully and then we will get back to you as soon as possible. You need to provide some details about your income and then our team will make the final call. Approval does not take long.

Well, there is no hard and fast rule when it comes to 12 month loan. Different lenders consider different credit score as – ‘ideal’. However, if you have a really bad credit score, you would not have to worry as at Payday Loans Now, we offer 12 Month Loan to people who have less than perfect credit score.

Well, the answer is yes. If you are unemployed, you are still eligible for 12 Month Loan. You need to provide some basic details about you and we will review the application.