Payday Loans
Get up to $5000

Start your online loan
application today!
By submitting your information you agree to Privacy Policy, Terms of Use and Responsible Lending Practices

Applying does NOT affect your FICO® credit score!


These are loans that are advanced to borrowers on the premise of repaying in a 12 month period. These are available from many a lender. These include financial institutions, banks, and peer-to-peer lenders.

While the goal for these lenders is the same, the application process, terms of approval, and costs for the loans differ. This is due to the varying factors that have to be considered before giving the go-ahead for the disbursement of funds.

Applying does NOT affect

your FICO® credit score!

These factors include your credit score, ability to pay back the loan, and in some cases, the ability to provide a willing co-signor or an asset that will serve as collateral for cash advanced.

This means that while the amount to be loaned is substantially higher than the advanced by lenders who have less stringent conditions. The process of verifying the information given by the borrower takes a relatively long time; thus the funds can only be made available to the borrower after a certain period of time, say several weeks or months.

The lengthy approval process, therefore, is one of the factors that make these 12-month installment loans not a viable option especially when one is looking for a loan to offset a financial emergency.

Other Alternative Lenders of 12 Month Installment Loans for Bad Credit

While banks and other financial entities offer 12-month installment loans based on one’s satisfaction with their rather tough vetting process, some other lenders grant the same service albeit with seemingly simple but most costly conditions.

Applying does NOT affect

your FICO® credit score!

These include auto title lenders who require that one deposits the auto titles as collateral for the loan. This is then retained by them until the borrower is able to repay the loan in full. This means that in the case of defaulters, the car is repossessed and sold to offset the loan amount and accrued interest.

There is also another group of lenders that don’t require any collateral or co-signer for one to qualify for a loan amount. These lenders just require that the proof of income to show that you are able to repay the amount in full within the required time frame.

With these entities, however, the services are relatively costlier owing to the high-interest rates attached to the loan.

What Next?  Online Loans with Monthly Payments

Having gone through all the information detailed in the above segment, it is clear that 12-month loans are not easily available. Even in cases when they are, the cost of the loan is somewhat prohibitive.

This coupled with a lengthy application and approval process means that a borrower might feel discouraged to apply for the online loans with monthly payments in the first place.

However, at Nation 21, we do link borrowers up with serious lenders who offer affordable loans with a less demanding application procedure. Some of these lenders are online and therefore one can apply for the loan from anywhere, be it the office or from the comfort of your home.

They offer loans based on many things, not just the borrower’s FICO score, thereby making the rejection rate low. This means that even with a low credit score, one can be able to access the loans if they can meet the other terms required. These include but are not limited to, demonstrating the ability to repay the loaned amount.

You will also find that if the loan approval with the monthly payment process is successfully completed between Monday to Friday, 4 p.m. Pacific Standard Time, the advanced amount is deposited to the borrower’s account on the same day. This means that one can be able to access the funds within 24 hours of applying for the loan or at least get feedback on the same within the 24-hour time frame.


As with other advice passed on about financial health, it is prudent to carry out due diligence before and when looking for a lender. Always read the fine print so as to avoid pitfalls that arise when one falls prey to some lenders who may disguise themselves as offering installment loans direct lenders but basically what they give are payday loans, which are sometimes a nightmare when it comes to repayment schedules.

As usual, we want the best for you and are here to help. Contact us today to be matched with a suitable lender.

Applying does NOT affect

your FICO® credit score!

Do you have any further questions?