loan and nothing to pay after 12 months ?

AnthonyBush

Hi,
i'm after a loan and nothing to pay until 12 months... is there such a thing ?

happycamel_2

Sometimes, when the loan is secured on an asset and usually after payment of a deposit eg furniture, kitchens or cars. Not for just a cash loan though, the risk to the lender would be too high.

R_P_W

your post title and your actual post are asking opposing questions!

I assume you want to borrown money and not start paying for 12 months? I guess my only question would be.....why?

[Deleted User]

A 12 month loan would give you a loan and nothing to pay after 12 months.

stephane_2

AnthonyBush wrote: »

Hi,
i'm after a loan and nothing to pay until 12 months... is there such a thing ?

No...there isn't

ecoverbee

Maybe use a buy now pay later and sell the item for as much as you can, might not get the full amount but it will give you a year without payment

opinions4u

DFS. But you have to buy a settee with it.

The settee will wear out just before you make the final payment.

Brains64

AnthonyBush wrote: »

Hi,
i'm after a loan and nothing to pay until 12 months... is there such a thing ?

I'm not clear, forgive me, when you say nothing to pay, do you mean, as in no interest for the first 12 months or no repayments for the first year??, the latter would be great but I can't see any loan company doing that, a year is a longtime, a lot could happen, too risky, best you might get is a loan with nothing to pay for a few months, deferred first repayment in other words and then, depending on the size of the loan, maybe just paying a manageable amount back over the course of a year or so which of course would eventually cover the interest as well but even those can be hard to get, realistically though, I think that would be your best hope.