Charges

At 12 Month Loans assistance has been arranged for loan seekers living with the stigma of poor credit blemishes like arrears, defaults, insolvency, bankruptcy, foreclosure, missed payments, late payments etc. Since we are linked with efficient lenders having lenient approach towards lending borrowers actually gets here sufficient time to compensate for loan debts without exceeding further. Simple terms and conditions have been assigned here. For reference the borrower must go though well the fine print details available for loan services here. About charges:

APR rates:

Annual Percentage Ratio abbreviated as APR is the rate of total charge for credit including fees and interest based costs. Such rates are likely to differ from lender to lender and are charged on an average of 20 to 25 % from the loan seeker.

Issuance of funds and reimbursement:

Loan sum issued by the loan providers in association with 12 Month Loans will directly be credited in to the accessible checking account of the loan seeker. Loan services are offered 24X7 so funds to disburse emergency can be availed any time. On arrival of repayment date the loan sum including fees and interest prices will automatically be deducted from your account.

Renewal and loan extension:

You must approach the lender directly for renewal policy before applying. However for renewal or loan extension the lender will charge hiked interest. In this case the loan provider freezes the previous rates and fees levied on you and issues new rates and fees.

Implications of non payment or delayed payment:

If you are unable to repay on time then you must inform the lender who then renews your loan agreement without charging penalties. Down the side lenders consider non payment as default and will charge penalties.

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