Borrow for any occasion or need. Find out what Moolr can do for you & discover the perfect loan today.
When considering borrowing funds for whatever reason, it is advised that you do your research. You need to understand fully the terms of the loan you wish to procure. Here at Moolr, we are here to help you work out which loan is ideal for you. Below we explain £1000 loans for 12 months – how they work for you, what they are composed of and how they can assist you whatever your circumstances.
The financial market is a myriad of confusing deals, and it can be overwhelming at times to find that loan with the best terms for you. Let Moolr do the hard work for you. We’ll try to find the best loan to suit your individual and unique requirements. We have collected together the best lenders on the market, in one handy place. Moolr uses your details and locates the right 12 month loan for you.
There are many reasons for someone seeking to take out a loan. It may be to tide you over until your next wage arrives. Many struggle as that date approaches, it is normal. People take loans to cover unexpected costs or they use a loan for an important repair. Moolr can help in this respect. It is what we do every day. Have the confidence to pay off the balance speedily though. We advise forward planning for all borrowers.
Do not utilise a short term loan as a long-term financial solution. Use them to deal with short-term issues. Ensure at all times you are in a secure position to repay before proceeding. You set when you want to pay and the whole process is seamless and quick, suited to your individual needs. Decide the terms. You decide what to borrow, and over what period.
The biggest difference between a £1000 loan for 12 months and payday loans is the repayment period. With a short-term loan such as our 6 month loans, you are able to pay the total back in instalments of six equal, regular repayments. This is over a specific time period upon approval of the application. You decide after your quote whether to proceed.
A payday loan, as per its general use, requires a borrower to repay it within a month, and are meant to be used solely as a very short-term financial solution.
One big advantage of a spreading the cost over 12 months is that it permits the borrower to spread payments over more than one window, and for you to plan your finances accordingly. We all seek help at some point, and borrowing is one way we could do that. As with any financial product, find a plan and terms that suit your situation.
Borrow money and there will always be an effect on your credit rating or “credit score”. This score is used as a guide for financial institutions such as lenders and brokers as to how reliable they think a borrower may be. Thus the report can also affect how much they lend, and the terms of such borrowing. Or whether they lend at all.
Making regular repayments is a perfect way to repair a bad or mixed credit history. It is possible to significantly improve your credit score by taking out a short term loan and making regular repayments.
Moolr offers considerable advice on the topic of credit scores on our site and is here to help you through the whole process of taking out a loan.
Please take a moment to visit our credit report page for even more information on the topic.
We all borrow money from time to time, so don’t feel compelled to feel guilty should you enquire about a 12 month loan. It is nothing to be embarrassed about.
12 month loans could help you. By working out, via our quick no-obligation quote what monthly repayments are, you can decide if the £1000 loan is right for you.
Use our calculator to have everything displayed in plain sight. There are no hidden fees or charges, so you can calculate quickly what you will have to repay and plan your finances accordingly.
Visit our Frequently Asked Questions page for more information on what Moolr can offer.
At Moolr, we have a wealth of experience helping borrowers find finance. Experienced lenders can help borrowers with bad or mixed credit histories. We seek to provide an opportunity for such borrowers to rebuild their credit scores, so that they have greater opportunities in the future. We will endeavour to locate a loan to suit anyone.
By opting to borrow over a year, and making timeous repayments, you allow yourself an opportunity to raise your credit score. You would then have a greater choice of financial products at excellent rates in the future, and the peace of mind that avenues are no longer blocked off for you. It is imperative though that you do not miss payments, as this could have a negative effect on your credit rating.
12 month loans are an excellent method of spreading borrowing costs. They also carry a slightly lower risk to those lending than say, a 24 month loan, as there are only half the repayments required. Hence, this reduces the chances of a repayment being missed. Our longest repayment term is for 60 month loans.
Moolr specialises in short-term for those with bad credit so if you apply via us, we will find the deal right for you. You are under NO obligation to proceed with any loan option we may find, so try us today.
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