12 month loans

The facts and the alternatives

Key considerations when looking for a loan

Life has so many twists and turns. So it’s not surprising that sometimes our finances need a bit of a boost to stay on track.

personal loan can often be the answer, but it’s a significant financial commitment so is not a decision to be taken lightly.

What else should you consider?

When looking for a loan, there are four main aspects to consider:

Most loan repayment periods are somewhere between 12 and 60 months. And it can be tempting to go for the shortest duration possible – for example a 12 month loan – so that in theory you can repay the loan quickly.

But the main problem with that is the shorter the repayment period, the higher the repayments will be. And there can be serious consequences if you find part way through your 12 month loan that you are unable to make some of your loan repayments.

These include:

Personal loans | 18 or 24 months

Life is full of ups and downs, and sometimes things just don’t go to plan.

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