Can I Apply for a 12 Month Loan with Bad Credit?
Contrary to what you thought possible, you can apply for a 12-month loan even with bad credit. At UKBadCreditLoans, we do understand the challenge most people go through when seeking loans from banks and other financial institutions. Getting your loan approved with bad credit is normally a nightmare.
However, we know that your poor credit rating in the past might not reflect your current creditworthiness. For that reason, we can offer you a quick short-term loan to help you meet your financial goals.
Where Can I Find the Best 12-Month Loan Lender in the UK?
You can either apply for a 12-month loan from a direct lender or an online broker.
1. Direct Lender
The increasing number of people looking for loans in the UK has contributed to the surge in the amount of direct lenders. With so many options to choose from, finding the best direct lender you can trust can be daunting. You might waste a lot of time trying your luck from one lender to another. Perhaps this is one of the main drawbacks of relying on direct lenders for your short-term loans. Typically, you have to apply individually and see whether the lenders can loan you money.
2. Online Broker
You can also turn to an online broker to get your 12-month loan. At UKBadCreditLoans, you can circumvent the whole idea of applying for loans individually. We can connect you to many reputable lenders in the market through our diverse lending platform. Doing this increases the likelihood of finding the best offer within your means. The best part is that we process short-term loans quickly.
| How much can I apply for? | £100 to £5,000 | Zero-obligation quote |
| Length of the repayment | 1-36 months | Quick payout |
| Interest rates (variable) | 49.7% | Zero paperwork |
| Can I apply with poor credit standing? | Yes | Bad/low credit considered |
| Do I have to pay a lump sum? | No | Flexible repayment |
| When am I allowed to apply? | 24/7 | 2-min simple application |
Getting 12 Month Loans is Easy & Fast with UKBadCreditLoans
Here’s what you need to do to get your loan approved with UKBadCreditLoans:
1. Online Application
First, fill out the loan application form. You can’t determine whether you qualify for a 12-month loan until you apply. So, fill out the application form by providing the required details. Before hitting the submit button, confirm that all the details provided are correct. You don’t want to miss an opportunity because you provided incorrect personal details.
2. Instant Response
Once your details are in our system, lenders will evaluate your application. This step is simply meant to determine your ability to pay back the loan. If lenders find that you qualify for a loan, an approval notice will be sent to you.
3. Same Day Money Deposit
Positive approval feedback regarding your loan request means that the money will be sent to you within the same day. That’s how fast UKBadCreditLoans can come to your rescue when you need the money the most.
It’s worth taking the time to fill out the loan application form even when you don’t need the money. Knowing that you can borrow an emergency loan from us can make you more confident in difficult financial situations.
Do I Need a Guarantor for My Loan?
If you’re looking for 12-month loans with no guarantor, there are instances where some lenders won’t loan you the money. However, at UKBadCreditLoans, we offer bad credit loans, meaning you can get your short-term loan approved even without a guarantor.
Can I Get a 12-Month Loan with No Credit Check?
Legally, a credit check is required for any lending firm. If a lender informs you that they won’t be doing any credit checks, you should be wary of such lenders. Performing credit checks is an important step that gives us the confidence that you can afford the loan.