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12 Month Installment Loans - Repay as per your convenience!
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Posted On :
Nov-21-2011
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Article Word Count :
409
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It is important to be very cautious while opting for an installment payday loans. These loans although easily to avail, carry a lot of hidden costs. To get a better idea, one can visit a financial expert to know more about installment payday loans.
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12 Month Installment Loans are designed for ordinary people who have enough earnings but they are unable to deal with their unexpected and unwanted financial expenses and need money quite often to remove unwanted fiscal worries. People suffering from such condition can avail 12 Month Installment Loans. As the name itself suggest, these loans can be easily settled, the repayment terms and conditions are quite flexible. Lenders give the option to repay the loan amount in easy monthly installments.
The application procedure for 12 Month Installment Loans is very simple and quick. This is because people can apply online for these loans and the cash is transferred in to borrower’s account within 24 hours of application. The amount borrowed with 12 Month Installment Loans is up to 1500 pounds. This amount should be paid back within 31 days. The borrower is required to give a post-dated check of the loan amount to the lender at the time of availing the loan. The repayment process of this credit facility is quite easy as the borrower can repay the borrowed amount on his payday. If the borrower wants to extend the time period, he can request the lender to extend it; however, he may have to pay some extra money as fees for this privilege.
12 month loans are offered at a higher interest rate. These loans should be responsibly used because more the loan amount, the more interest he would have to pay. With the help of these loans, people can get good amount of cash to deal with expenses, such as paying off electricity bills, medical bills, grocery bills, credit card bills and such other important expenses. Applicant must be 18 years of age if he wants to apply for 12 Month Installment Loans. He must have a current bank account and his monthly income must not be below £1000. Apart from these conditions, he must be a UK resident and should have permanent residence proof. The best part about these 6 month loans is that there are no credit checks for these loans which means bad creditors are also eligible for this credit facility. If people have bad credit records and they have been turned down for loans from, he is still eligible to apply for the loan. Borrower should conduct proper online research and compare various quotes of different lenders. Choose the lender who offers the maximum time with the lowest interest rates.
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Article Source :
http://www.articleseen.com/Article_12 Month Installment Loans - Repay as per your convenience!_107360.aspx
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Author Resource :
Alan Ronald is a financial adviser for 12 Month Loans. click on the links to know more about 12 month loans, 6 month loans and 12 month installment loans.
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Keywords :
12 month loans, 6 month loans, 12 month installment loans,
Category :
Finance
:
Loans
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