Representative APR 54.5%.

Loan term lengths from 3 to 36 months. Representative example: £1000 borrow for 12 months. A monthly payment of: £104.65. Total cost of credit:£255.80 based on an APR of: 54.5%.That's a total of: £1,255.80. Rates range from 54.5% to 1294%. The APR will depend on your financial circumstances and loan amount will be subject to lender’s approval. Lenders will perform a soft search to confirm your viability for a loan. If you accept an offer a hard credit search will be made by the lender. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Pales Tine Payday Loans is a broker and not a lender and does not make credit decisions.

12 month loan

Is a 12 month loan a good option?

The answer to that question all depends on you and do you need a same day loan online, right now, your current situation, and how you see your finances flowing in the foreseeable future.

Generally, short term loans, also called pay day loans and bad credit loans, are meant to be paid off quickly, even with one payment in some cases. There are longer loans such as a 12 month loan available from some UK cash loan lenders though, and these can be a better fit for some people.

Is a 12 month loan right for me?

If you feel more confident that you will be able to make your repayments if they are spread over a longer period of time and with the right profile you’ll get a loan fast, with no guarantor possibly, then it might be a less stressful option than a typical short term loan which needs to be paid back much faster, but if you just want to get a £200 loan and repay it fast then it might workout for you, but be warned, UK payday loans are expensive with high interest and while there are loads of online loans for people with bad credit, do your research before buying.

Bear in mind that because the payments are spread out more, the overall total you payback will also be higher, but as the monthly amounts will be less, you won’t feel the pinch as much all at once which might make a UK fast loan viable to you.

What can I spend the money on?

That is completely up to you once your quick loan is approved. There are no restrictions placed on what you do with the money once it’s transferred to you.

Sometimes people get these fast payday loans to fund themselves a nice holiday as treat for themselves.
Others use the money to fix up their homes, put a new carpet down or repaint the walls. You might want to put new tyres on your car, or repair a cracked windshield. Whatever it is, a 12 month loan can help satisfy your needs and then a short term loan for people with bad credit probably works out.

How do I go about getting a 12 month loan?

These types of payday loans can be acquired from lenders specialising in these particular transactions.
Even if you have a credit score that usual causes you problems when trying attain a loan, these lenders may be able to help you borrow money with bad credit as they look at your credit record differently to mainstream credit companies, but rest assured they will look, there’s not a bad credit loan with no credit check in existence.

A search online will supply you with a number links for these types of lenders and if you follow them to the sites you will see that you are required to provide some basic information such as your name and address and how much you earn, this is normal for people with bad credit trying to get payday loans, as well as how much you wish to borrow. They will then get back to you with an answer within a short period of time, that’s normal for online loans handled fast.

After you have their offer, it is wise to compare it to offers from their competitors and see which deal is best suited to you and your situation.

Getting help from a broker

To find the best deal in the shortest possible time and get a cash loan, a lot of people sign up with a broker who specialises in dealing with lenders who specialise in loans for people with bad credit.

Using a broker can really speed up the time it takes to have a loan in front of you with conditionals that you feel comfortable with to the point same day loans for those with bad credit can be possible.

There are no obligations to accept any loans that brokers offer to you but they will put your details to them and ask for a payday loan from direct lenders on your behalf, so you stay completely in control.

Why Use pales.co.uk

  • Cash Transferred Immediately
  • Loans for any use
  • Out of hours service
  • Minimal forms
  • No need to accept any offers
  • No obligations or upfront costs
  • Bad credit applicants accepted
  • Straight forward process
  • SSL Secure Technology
  • British trusted brand
  • Honest short term loan service
  • Very fast decisions