$1200 Loan - Bad Credit OK | Personal Loans Online

Apply for $1200 loan and have up to 12 months to pay it off! Bad credit will not ruin your chances of a loan. We help hundreds of people everyday secure $1200 personal loans online that are deposited to their bank accounts on the next business day. We have many lenders standing by to process your application. Do not let an unexpected bill derail your finances. You could be approved in minutes!

Direct Deposit to Your Account


All loan terms are between you and the lender that funds your loan. 1200Loan.com is not a lender and will not be able to give you quotes or term information on your loans. All loan terms including, interest rate, annual percentage rate (APR), number of monthly payments, and loan amount will clearly be disclosed on the loan document if you receive an offer. You will be notified in minutes if you have been approved by one of our lenders.

How Do I Get a Small Personal Loan Online?

In order to receive a personal loan offer you need to complete the short application and hopefully we will be able to match you with a direct lender. A 1200 loan can cover a lot of bills and expenses even if you have poor credit. If you have an unexpected bill that has caught you off guard, or you have a few bills that have piled up and you would prefer to consolidate them into one payment, apply with us and we'll try to match you with a lender that will fund your loan.

How $1200 Loans are Beneficial 

All of us have encountered situations wherein we are in an urgent need of cash to mitigate the effect of a sudden unforeseen financial setback such as a car wreck or a medical emergency. However, with all major banks and credit unions offering access to funds via a financial instrument known as an installment loan, it has become easier to fix your financial issues and keep up with your monthly bill payments without having to suffer a major crunch. Let's look at the various ways in which an installment loan can be more beneficial to you as compared to other credit types available in the market. A $1200 loan could be the only thing standing between you and piece of mind.

Need to borrow $1200.00 fast?

The one obvious reason why $1200 installment loans are considered a boon for individuals who need urgent funding for meeting up with their financial requirements is the speed with which you can receive the money, in our case a 1200 short term loan. Generally within a day of completing the application process, the credit starts reflecting in your bank account for you to withdraw and make use of. 


How accessible are these online loans?

Another big advantage of bad credit $1200 loans is the fact that there are minimal requirements for a person to be eligible for them. You can avail an installment loan if you are above eighteen years of age and have a job that provides you adequate monthly income to repay the principal and interest amount, in most states. Also, since most credit companies and lenders do not perform traditional credit checks on the applicant, you can avail the installment loan even if you have a bad credit score or no credit history whatsoever.

Are these loans better or worse than a $1200 payday loan?

It depends on your personal situation if you would consider an installment loan better than a 1200 payday loan. Many people like the extended period of time to complete the monthly payments associated with the installment loan. 

Flexibility of Payments and Due Dates 

Unlike other forms of credit such as a mortgage or an auto finance that are limited to one specific item such as house or a car, a 1200 dollar personal loan allows you the flexibility of utilizing the funds for a variety of purposes as and when you like. The idea of a 1200.00 loan is to offer you urgent financial assistance when you are unable to deal with the crisis through your seed money alone. 

Will this loan hurt or help my credit?

This loan application will not show up on your credit report. As long as you repay the loan according to the terms and conditions of the online lender then it certainly will not hurt your credit and could possibly give your credit score a boost. These loans do carry a higher interest rate compared to long term loans, so be sure it is the right fit for your budget. It may be helpful to speak with a financial professional regarding you specific situation before deciding if a short term loan is a good idea. Also remember to research all options to see what companies are offering loans and at what interest rates.

What is the average interest rate on a $1200 personal loan?

Interest rates on personal loans have a large range. You could receive a loan offer with as little as 25% interest or you could receive a loan offer with 200%+. It all depends on the lender that chooses to make the offer. There are other factors such as which state you live in, how much money you make, and the size of the loan you request. You can always decline a loan offer if it does not fit your needs or you think the interest rate is too high.

Simple Application Process 

One of the most attractive features of a small installment loan with no typical credit check is the fact that the application process is super easy and can be performed online from the comfort of your home. Bad credit is not the end. Most borrowers shy away from the idea of actually driving up to the bank, completing lengthy formalities, getting burdened under a mound of paperwork and then waiting for the approval for another few weeks. Installment loans on the other hand, can be availed by simply logging in to the lender’s official website and filling out the application form as per the instructions mentioned. 

Apart from this, the flexible working hours of companies that provide installment loans, make it more convenient for you to apply for 1200 bucks and repay your debt on time. May people use these loans to pay off their credit cards and expunge their credit card debt. Then when your loan is paid in full you could be debt free. 

If you need credit counseling contact the NFCC to discuss a long term financial solution.

Each state has their own laws regarding short term lending and not all residents in all states will be able to qualify for a $1200 loan. Please use short term credit responsibly. 1200Loan.com is not a lender. Must be 18 to apply. All loan terms are between you and the lender.