12 Month Loans explained

Secured and Personal Loans
We are a licensed credit broker, not a lender.
Loans for Homeowners and Tenants
We are a licensed credit broker, not a lender.

No upfront fees to help you find a loan*

No upfront fees to help you find a loan*

12 Month Loans explained

12 month loans are loans which are of a shorter term and have competitive rates, these loans are available to both tenants and homeowners and can be helpful to those who have a bad credit rating. One of the main advantages of having a 12 month loan is that you know you won’t be paying it back for the rest of your life. This type of loan also offers more money than a credit card making it perfect for indulgences such as a wedding, a holiday or a little nip & tuck.

Biggest features of short term loans

1. Low interest rates

The more money you borrow in a 12 month loan amount the lower the interest rate or cost of the loan will be. This is perfect for someone who has a steady income but just needs a little bit of additional financial support

2. Last for only 12 months

This means that when you take out your loan you can be confident in the fact you will only have to repay for up to a year. However, it is important to consider whether you can make the repayments and in full, if not you could get yourself into financial difficulty.

3. Option for early repayment

If you do find yourself able to pay back your loan amount in less than 12 months you will find that there is the opportunity for you to pay back your loan amount early.

 

Are there any alternatives to short term loans?

A good alternative to a short term loan is a credit card, one of the most popular being a 0% interest card. These cards mean that you won’t need to pay any interest over a certain period of time on any purchases you make. This is beneficial to you because you could save a lot of money as well as getting some of the additional benefits that some credit cards offer you. The only disadvantage of this is that you won’t be able to borrow as much money as a short term loan could offer you.

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THE GUIDANCE AND/OR ADVICE CONTAINED WITHIN THE WEBSITE IS SUBJECT TO UK REGULATORY REGIME AND IS THEREFORE PRIMARILY TARGETED AT CUSTOMERS IN THE UK.

PLEASE THINK CAREFULLY BEFORE SECURING LOANS AND OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. SECURITY MAYBE REQUIRED.
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Easy Loans Company is a registered Trading Name of Nationwide Direct Financial Limited which is an Introducer Appointed Representative of Quint Group Limited, and is entered on the Financial Services Register under reference number 723650. Quint Group Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Nationwide Direct Financial Limited is registered in England and Wales (Company number 05999918), Registered Office; 84 Princess Street, Manchester House, Manchester, M1 6NG. Licenced by the Information Commissioners Office, (registration number Z9808421).

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