Financial problem often make your life burdensome. 12 month loans are forms of financial help that can be availed at a fast rate in order to fulfill short term requirements. They are short term in nature and can be obtained within 24 hours. With the increasing demand for these advances they can be availed through the traditional as well as through the online process.
Features:
One of the main characteristics in this form of credit is that they are short term in nature.
On the other hand, they are availed within 24 hours.
The amount that the borrower can draw ranges from 80 to 1,500.
These finances need to be repaid along with interest within 1 year. However, the borrower can also repay the advance as soon as he receives his salary.
These loans can be utilized only for a short term and thus are utilized only for small needs.
There is no credit check involved in these advances and therefore, they are provided to anyone irrespective of their credit score.
Guidelines:
The borrower should research to get a reputed institute in order to get the best deal.
He can surf the net and avail this finance easily.
Since, the online process involves less paperwork and lengthy procedures, the borrower should make efficient use of this process. At the same time, it saves a lot of time and effort.
He should be aware of the fact that the advanced amount is repaid on time or he may be charged a late fee.
Eligibility:
In order to avail this form of credit, the applicant must be a UK citizen.
He should also be above 18 years of age.
He must also have a valid bank account in his name.
Another essential requirement is that the borrower must be a fulltime employee with a fixed monthly salary.