SWBA Loans

Important Facts About 12 Month Loans You Should Know About

Many people today, not just in the United Kingdom, but anywhere else in the world, are living their lives from one paycheck to the next. No matter how much and how well you plan your finances, there is always some unexpected (and unwanted) occurrence that can happen to mess things up, such as your car broking down, or having to pay a medical bill for a family member. This is really not such a big deal when it happens at the beginning, or even the middle of the month, but if it happens somewhere at the end, when your paycheck has already been spent on other things, then you're in a pickle.
With a short amount of time that you have to raise the money needed to pay this new expense, you might try asking a friend or a family member, only to realize that you already owe them money. So you can scratch that option off your list. How to get the money then? Simple, apply for a 12 month loan.

What is a 12 Month Loan?

You probably heard about a lot of different loan types, like payday, logbook loans, but maybe you're not as familiar with twelve month loans. These are short-term loans which allow the borrower (you) to apply for a sum of up to £1000. This can be used for any reason, from paying bills, house repairs, car repair, or anything else that you need the money for.

What are the Requirements For This Loan?

As with any other type of loan, there are certain requirements that you have to fulfil in order to qualify for a 12 month loan. First of all, you need to be 18 years or older. If you're not, than the lender will have to reject your application. You also have to be a citizen of UK or US (they are available there as well). Next, you need to have a steady and regular job. People who are not employed and can't prove that they will be capable of repaying the loan (by having a good income) will not be taken into consideration. Finally, you need to have a valid bank account where the money can be sent.
“Wait, did you forget something? What about a credit check and all that stuff?”  Rejoice! There's no credit check when you apply for a 12 month loan, so you can breath more easily now. Whether you have a good, bad or no credit at all, doesn't have any impact on the decision whether you are going to be approved for this loan by the lender or not.

How to Apply?

The application process is very straightforward. Just fill in an online form on the lender's website and, if it is successful, the lender will send the money to your bank account within the next few hours.