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Easily Get 12-month installment loans Now

If you need some money to take care of a project or handle an emergency, getting a personal loan can be a good idea. When you want a12 month installment loan, you have several options to choose from. You can get the money from your bank, a credit union, or peer-to-peer lenders.

Applying does NOT affect

your FICO® credit score!

However, any of these options may take a lot of time since the procedures are lengthy and difficult. Normally, these options might not be good for you if you need the money quickly. At, we understand the importance of quick decisions. In doing so, we ensure that you get your funds quickly so that you can sort out your financial needs in a timely manner.

How do 12-month loans work?

Installment loans are meant to help you access some funds quickly and repay the amount in more than one year. When dealing with conventional credit institutions, you might be forced to wait for several days. Unlike most short-term loans, an installment loan will allow you to get the money faster, and the amount can also be greater.

In most US states, you have to be 18 years old to qualify for the money. Most importantly, you will be required to provide evidence that you have a stable source of income, so you will be able to repay the loan.  When applying, you can either use a pay stub or tax documents for people who are self-employed.

Waiting to Get 12-Month Loans for Bad Credit

Most traditional finance providers can give you an installment loan for bad credit. In most cases, the repayment period can vary depending on the bank, with the most common periods being 12, 24, and 36 months. By structuring the loans this way, a borrower has an easier time when making the repayment. Nevertheless, getting approved for the bank credit isn’t an easy thing.

When applying for a monthly installment loan at the bank, you need to provide lots of information about your income and credit history, as well as all your financial obligations. If your credit scores are not good, you might be required to provide a cosigner and some form of security for the borrowed money. This means that instant decision-making is close to impossible.

What are the available options?

Today, borrowing has become easier since you can get a personal loan, as long as you can show that you have an income. The fact that most online lenders can give you the money in a single day has made credit a popular option for most people.

Applying does NOT affect

your FICO® credit score!

Nevertheless, some finance providers may require you to have some collateral. For instance, auto loans require that you submit the car title to the lender. If you are not able to settle the borrowed amount according to the agreement, you might lose your vehicle. Normally, a borrower needs some time to arrange financing before starting the repayment. But this is not the case with some title loans, since you may be required to make the first payment within a week.

The Benefits and Drawbacks

When you are strapped for cash, 12-month installment loans can offer you a way out. Be aware, though, that they have their own benefits and drawbacks.

The repayments are flexible allowing you to organize your finances.
You can get the funds quickly since the application is online.
The underwriting process for online loans with monthly payments is lenient, since the lenders don’t rely on credit scores alone.

You have to budget accurately so that you can afford to repay the borrowed amount.
Direct debits can hurt your finances if you don’t have enough funds in your account.
The interest rates tend to be higher than bank finances.

Some Features of Monthly Installment Payday Loans

When you take installment loans with monthly payments, it’s good to know what to expect. Here are some features that might be important to you:

  • The amount available will vary according to your financial status, as well as by state regulations.
  • The cost of borrowing is different among different lenders, but the state has a hand in regulating the charges.
  • Loan processing time can be different depending on the credit provider you are working with, so you should make sure to work with a partner who will quicken the process
  • The finance term may be longer or shorter depending on the lender as well as state laws. Regardless, the term influences how much you’ll payback.

12-Month Installment Loans from Realistic Loans

Installment loans are designed to have repayment terms that are friendly to the borrowers. The truth is that you don’t have to wait for several weeks to get feedback after submitting an application. At, we ensure that we connect you to a reputable credit provider who will make a lending decision quickly. In fact, most applicants receive feedback within one business day.

Besides having a favorable repayment term, 12-month loans come with lower interest rates when compared to payday loans. This is made possible by lower operating costs and a business model that operates entirely online. At the same time, the underwriting process is much better than what you get from traditional banks since our lenders take a holistic approach to your finances and do not simply focus on your credit scores.

Final Words

If you already have your finances in order, you can benefit from monthly installment payday loans that have monthly payments. But in case you are not certain about the payments, you should be careful when applying. In the event you are not able to make timely payments, it’s highly likely that that failure will end up making the loan very expensive. In addition, late struggling with repayments can damage your credit scores.

Given these factors, it is quite important that you take the time to study the loan agreement so that you have an adequate understanding of what you are getting into. When you work with a good lender, you can be certain that your borrowing experience will be great, as long as you are willing to do due diligence about the loan and observe responsible borrowing requirements.

Applying does NOT affect

your FICO® credit score!

Do you have any further questions?