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12 Month loans - a continual financial support

When you were a student, you had to attempt unit tests, mid-term exam or final-year exam. You could not go away with them, and you had to attempt those tests to get good marks. Further, you got good marks because you had prepared well.

In similar circumstances, your financial life also has several tests, and you have to go through them. Here, exams come in various events, such as unexpected bills, medical emergency, unemployment, and many more. These scenarios will arrive, and you cannot go away from them.

PREPARATION is the only way to come out successfully from these obstacles. Yes, you have been accumulating funds as savings, but they cannot survive you all the time. The only option remains for you, and it is none other than LOANS.

12-month loans offer the ideal financial way to combat unexpected circumstances. These short-term loans bring the desired funds quicker than expected and with fewer obligations to follow.

Figuralloans, a responsible direct lender in the UK, brings these installment loans on bespoke features, including:-

  • Competitive Interest Rates

  • Flexible Repayment Plans

  • No Upfront Charges

  • Easy Monthly Instalments

  • No barrier of Past Credit

You get the affordable loan deals but according to your income capacity and recent financial commitment.

What are 12-month loans?

12-month loans from direct lenders come into the category of short-term personal loans, which are paid through specific monthly instalments. These loans are ideal for applying during a financial emergency, as there are not many obligations to follow for the borrowers.

You can apply for the loans through your Smartphone by sending a text message or laptop with an internet connection. The steps are simple and straightforward that everyone can follow. Likewise, the eligibility criteria also have easy conditions to follow.

12 Month unsecured loans

Application Procedure

  • Complete the online form
  • Put mandatory details into each column
  • Submit the form and wait for approval
  • Quick approval and Same-Day Fund Disbursal
  • Repay the loan on time

Eligibility Criteria

  • You must be above 18 years of age
  • You should be residing in the UK
  • You must be earning either part-time or full-time
  • You should have an active bank account
  • You can be a homeowner or tenant

Qualifying for the loans is not complicated at all. Figuralloans believes only in affordable loan deals, and thus we do not offer funds beyond your repayment capacity. Apply for the loans only when you do not have any other option, as borrowing more than your ability to impact your financial profile.

12 Month installment loans vs 12 month payday loans

12 month loan lendersin the UK often fund borrowers in more than one way. It does have the advantage of choosing the loan deal according to your financial needs and circumstances.

We are the responsible direct lender and offer loan deals to ensure complete satisfaction for our borrowers. We provide 12-month installment loans and 12-month payday loans on such deals where borrowing is beyond the individuals' employment status and credit scores.

12 Month Installment Loans

  • These loans provide the ease of repaying in easy monthly installments. Borrowers have the advantage of using these loans for any purpose.
  • These installment loans are also beneficial in improving credit scores. The loan term ends early with almost nil chances of missing any repayment.
  • The interest rates are competitive and reasonable for everyone.
  • Quick approval and Same-Day Fund Disbursal
  • Repay the loan on time

12 Month Payday Loans

  • These are the very short-term loans applied during the financial emergency. These loans have the significant advantage of ending the loan on the next salary day.
  • You can easily get 12-month payday loans with no brokers. Reliable direct lenders offer them affordable features.
  • These loans are known for the higher interest rates, as the term ends early within a month.

How do 12 month loans work for unemployed people?

Loans are applicable when someone is earning. It is because you have to repay the loan inside the prescribed term. No lender can provide you with the loans until you are not earning something. Still, acceptance can be there depending upon the variety of monthly incomes.

Figuralloans accepts your loan application on the capacity of your any income. If it is satisfactory, we offer you 12-month loans on same day payout. Suppose you are not doing a full-time job, you still get the approval on the following bases:-

  • Part-time Income: Are you earning part-time through freelancing or generating income through a 3-4 hours job? This is enough for us to offer you monthly installment loans.

  • Unemployment Allowances: Unlike other direct lenders in the UK, we are ready to accept loans on benefits, which you are generating through government’s unemployed allowances.

  • Earnings from Rental Property: In the absence of full-time income, if you earn income through your rental property, you can still get loan acceptance from us.

  • Moving to Self-Employment: We are the modern-age lender and do not stop funding you because you are moving from employed to self-employed. Instead, we encourage you to be self-dependent by funding adequately to your purpose.

Can I get 12 month loans with bad credit?

Not only unemployment but also a bad credit score is what restricts a borrower from borrowing funds from mainstream lenders. At this point, new-age lenders like us can assist you more efficiently. You can approach us quickly whenever you want to get 12-month loans for bad credit from direct lenders.

We take care of your finances despite the your historical background in making payments is poor. We want to look at what you are doing at present. How are you making payments, and if your credit score improving or not? If your current financial commitment is good and satisfactory, we offer loans on the following benefits:-

  • No Guarantor

    People with blemished credit report often find trouble in finding out the guarantor. Therefore, we ease the situation for them and offer 12-month loans with no guarantor. You can straightway apply and get approval instantly.

  • No Fees:

    The short-term loans often have higher rates of interest as compared to long-term loans. We do not want to add a burden to your pocket and keep our 12-month loans for bad credit with no fees to charge.

  • No Broker

    Individuals having poor credit scores face denials from traditional lenders. They tend to approach the brokers to find out the deal, but it adds extra cost to your pocket. There is no need to do that, as you easily approach us online for 12-month loans with no broker needed.

Does Figuralloans offer 12 month loans with no credit check?

A poor credit score creates several obstacles for borrowers when they approach traditional loan providers. Modern-day lenders seem more flexible and follow a soft approach towards people with low credit scores.

The same soft approach often creates an optimistic thought among the borrowers. They try hard to find out the deals on 12-month loans with no credit check from direct lenders. It is not their fault because they want to get loans without any hassle. A hard credit check often brings denial for them.

We, at Figuralloans, follow the lending process responsibly and do not trap borrowers in faulty deals as it happens with 12-month payday loans with no credit check.

We make a soft credit check approach to gently check the credit history, which does not leave any footprint on your credit search. We check the past credit performance only to insure loans on affordability. We want to analyse how much you should borrow and what is the ideal loan term.

The relaxed credit check helps in getting the loans within your repayment capacity. It further improves the credit scores, as you can manage the loan repayment from your monthly income.

Why only Figuralloans?

Figuralloans has stored a wide range of loan offers for everyone, irrespective of any credit score. We are among those 12-month loans for bad credit from direct lenders, which have opened the lending doors 24/7.

We run our lending service on three principles:

  • Keeping Everything Convenient

    We belong to the modern-day lending marketplace in the UK. We do not want our borrowers to have to wait for long to get approval. Therefore, we practice only an online procedure that paves the way for instant loan approval. There is no paperwork to follow, and the same day fund disbursal is there.

  • Loans for Everyone

    Many lending institutions keep different rules and regulations for borrowers. We do not want to keep anyone away from the benefits of flexible borrowing. From good credit to bad credit, from employment to unemployed or homeowner to tenant, everyone is eligible for our loans.

  • Do Not Surprise Borrowers

    Trapping into too many surprises make the worst financial conditions for the borrowers. We do not surprise you with any extra cost and charge only the interest rates you receive in the initial loan quote. Therefore, we do not charge any upfront fee or hidden cost on any loan deal.

    Do not take additional stress into your financial life. Figuralloans brings 12-month loans on several advantages. Apply now.


Can I borrow a 1-year loan if I’m a new borrower?

Yes, you can easily pre-qualify for a 1-year loan here at Figuralloans. We always welcome new clients who want to apply for a loan here. In fact, we become more flexible with their loan applications and ready to offer loans at more affordable rates.

However, you need to show your affordability with your current income status. If you are good at that part, we do not mind, even if you lack a credit history or have a poor credit score.

Can I use a 1 year loan to pay off other debts?

You can do that by using the borrowed amount with a 1 year loan to pay off other debts. Still, you may be able to consolidate only the small debts because the loan term will last for one year only. Therefore, if you have small debts to clear, then you should opt for these loans.

How much will a 12-month loan cost?

Unlike other direct lenders in the UK, Figuralloans can offer you 12-month loans without costing too much on your household budget. We do not ask for any upfront charges or processing fees. You only need to pay the interest rates, which we suggest in the early loan quote. Moreover, our loans are free from early repayment fees, too.

Will I pay a higher rate if I have bad credit?

Yes, higher interest rates become obvious when your credit score is lower. Every lender, including us too, will consider you as a risky borrower as you lack the credit history to show your financial creditworthiness. Still, you will find our rates a lot more competitive than other lenders in the UK. It is because we offer only affordable 12-month loans.

Do I need a good credit rating for a 12-month loan?

A good credit rating is always the plus point whenever you want a loan. In fact, you get approval from traditional lenders or online loan marketplaces. If you lack it, then the problem occurs. Mainstream lenders may want to keep their distance from you. In such situations, you should seek support from online lenders like Figuralloans, where the 1-year loan is available on any credit rating, including poor credit.

How long does it take to receive the money?

With online lending, you do not need to wait too long to get the loan money. If you have prepared well and submitted an error-free application, you can receive the borrowed sum on the same day. We have almost 100% record of transferring the loan money in 24 hours because we deal online only. However, sometimes fund transfers may take time when genuine reasons are present.