Loans over 12 Months - Repay as per Your Capability

Sometimes it is not easier to repay the cash that you borrowed for emergency purposes. In that cash you can explore loans over 12 months as these payday loans products are designed to give you more time to repay as per your convenience. These loans allow you to reduce stress on your next payday and you have more money left in bank for other necessary uses.

If you are currently employed and are getting monthly salary for past at least six months and you are a UK citizen having a valid bank checking account, they you are eligible to borrow cash under these payday loans products. Your age at the time of applying for the loan must be at least 18 years of age.

Under loans over 12 month you have access to any amount ranging from £100 to £1500. a post-dated cheque of the borrowed amount and interest charges is usually enough to secure the loan. You can either repay on your next payday or pay the interest only and continue extending the principal amount for 12 months. This specially helps when you have borrowed larger cash.

Your risky history of making defaults and late payments or CCJs in your name are of no concern to the lenders as they do not make any credit checks on the applicants and do not pull your credit report. This means that these are ideal loans for bad credit history people.

But a disadvantage may be the high APR. Sometimes, due to continued extending of the principal amount means that the interest payments become burdensome and it may result in debts.

So, take our loans over 12 months only after finding out some competitive offers from online lenders. Repay the loan on the due date to avoid debts and borrow only for emergency purposes, as these are expensive loans.