Apply with confidence
When you’re pre-approved, the loan amount, duration and interest rate are all confirmed
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12 month loans
GREAT VALUE LOANS PAID OFF in A YEAR
Compare deals from a wide range of leading lenders
It’s quick and easy
You can see all the loans you’re eligible for in one place. This includes the interest rate you’ll be charged and how much the monthly repayments will be, plus your chances of being accepted.
It won’t harm your credit score
We’ll run a ‘soft search’ on your finances to show you your chances of being accepted for a loan – without leaving a mark on your credit rating.
Apply today
Once you’ve compared 12 month loans and decided which one is most suitable, click through to the lender to make your application straightaway.
Find a 12 month loan with MoneySuperMarket
If you’re looking for a loan to receive money upfront and cover an important purchase, MoneySuperMarket can help.
With a 12 month loan you’ll be able to pay back what you owe in 12 monthly instalments – reducing the amount of interest you might pay overall compared to a longer term deal.
We compare deals from leading UK loan providers. It’s quick and simple and we’ll show you your chances of being accepted so you can apply in confidence. And searching won’t harm your credit score.
MoneySuperMarket is a credit broker – this means we’ll show you products offered by lenders. You must be 18 or over and a UK resident
With a pre-approved loan, the deal you see is the deal you get
When you apply for a loan, it’s not always clear what deal you’ll be offered or whether you’ll be accepted. But when you’re pre-approved for a loan you know the deal you see is the deal you’ll get – you’ll know where you stand, with information that will help you make the right choice
Tailored to you
When you know what you’ll be able to borrow and how much it will cost, you can choose a loan that’s right for you
You’re in safe hands
This helps protect your credit score as you’re less likely to be rejected when you apply
Can I get a 12 month loan with bad credit?
It may be possible to get a 12 month loan, even if your credit score is low.
But you’re likely to find…
- Your choice of products is more limited
- Interest rates are higher
- You won’t be able to borrow as much
- You’ll need to use a specialist lender offering loans for bad credit
By taking steps to boost your credit score over time, you can open the door to greater choice and lower borrowing costs in future. Check your score for free today with our credit monitor tool.
Is a 12 month loan right for me?
There are several factors to consider before applying for a 12 month loan. Here are some of the main pros and cons to weigh up:
Advantages
You’ll receive the funds quickly once approved and can spend them how you wish
By paying the loan off over 12 months you’ll save on overall interest compared to longer term loans
A range of deals from leading lenders are available
Disadvantages
It can be difficult to borrow larger sums compared with longer term loans, particularly if your credit score is low
Monthly repayments can be higher than if you paid the loan back over a longer period
You may not get the best advertised rate if you have a poor credit rating
How to apply for a 12 month loan with MoneySuperMarket
We’re here to help you find the right 12 month loan for your needs
It doesn’t take long
Tell us a little about yourself, your finances and the loan you want
We’ll browse the market
We’ll search through loans from across the market
Compare loans
Sort loans by overall cost and your likelihood of being accepted
What can I use a one year loan for?
Can I get a 12 month loan with no credit check?
Can I get a 12 month loan with no guarantor?
What details will I need to apply for a 12 month loan?
How much can I borrow with a one year loan?
You can use a one year loan for whatever purpose you choose. But as with any loan you will pay back more than you borrow, so you should be certain you need the money before applying. Examples of things you could use a 12 month loan for include a car or bicycle purchase, necessary home improvements such as a new oven or washing machine, or to fix a broken boiler. Ultimately, it is your choice. The lender will just want to be confident you have the means to repay the loan before approving your application.
No, any application for credit, whether a loan, a mortgage, a credit card, or even a current account with an overdraft facility, will involve a credit check from the product provider. If you’re concerned you have a low credit score that might mean your application is rejected or that you won’t be offered the best terms, you can take steps to improve your credit rating.
Yes, just as with any other borrowing, as long as you pass the lender’s affordability checks you can get a 12 month loan with no guarantor. If you have a poor credit rating or no credit rating and feel you need a guarantor, there are specialist guarantor loans available.
You’ll need to provide your
Name and date of birth (you must be at least 18 years old)
Current address (and previous addresses covering the past three years)
Proof of income (details of your employment)
Bank details
Our step-by-step guide to making a loan application provides more information on how to apply.
The maximum you can borrow will depend on your personal financial situation and whether the lender is confident you can afford repayments. There is likely to be a lower upper limit for borrowing on a 12 month loan than there would be for longer term loans.
Guide to getting a loan with bad credit
You might find it tricky to get a loan if you have a muddled credit history - so what are you options?
Unsecured vs secured loans
It's important to know the difference between secured and unsecured loans before making any application
A guide to financial jargon
Our glossary will help you to understand the range of financial jargon surrounding these products
Guide to car loans
Discover how getting a loan can offer you an alternative to dealer finance
Loans for young people
Tips for finding the right loan if you’re a student, or need your first loan
Guide to home improvement loans
Find out about borrowing to upgrade or extend your family home
Get Credit Savvy
How to secure the best card or loan deal in a lending squeeze
No Credit Check Loans
Can you get a loan without a credit check?
Emergency Loans
Need a loan in a hurry? Make sure you're fully informed with our guide to emergency loans
Short term bad credit loans
If you’ve struggled with bad credit in the past but need money quickly, you may be worried about being rejected for a loan. Our guide covers how short term loans work and if you can get one with a low credit score... If you need money quickly but are worried you’ll be turned down for borrowing, our guide might be able to help
Quick payout loans
Being able to get money quickly with few credit checks may seem appealing to potential borrowers, but with high interest rates and the amount you can borrow being capped, they won’t be for everyone. Our guide covers how quick payout loans work and what you need to know
Guaranteed acceptance loans
Is there a way of guaranteeing a successful loan application? If not, how do you maximise your chances of being approved? Our guide explains
Bridging loans guide
A bridge loan can be a good solution for short-term borrowing. Our guide covers how bridge loans work so you can decide if they’re the right choice for you
Secured loans guide
Secured loans can be a way to borrow more, by using your home (or other valuable asset) as security. Understand how secured loans work in our guide with pros and cons to consider.
Unsecured loan guide
Secured loans can be a way to borrow more, by using your home (or other valuable asset) as security. Understand how secured loans work in our guide with pros and cons to consider.
Cheap loans guide
The cheapest loan is not always the one with the lowest monthly repayments. Find out more with this guide.
What is PCP car finance?
Personal contract purchase plans, otherwise known as PCP have become a popular alternative to buying a car outright. Our guide covers how PCP works, to help you decide if it’s the right financing option for you
What is hire purchase?
HP is a form of car finance where you pay a deposit and monthly instalments for a fixed term before you own the vehicle. Our guide explains more
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Super save with MoneySuperMarket
You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.
- Whip your credit score into shape with Credit Monitor
- Super save over and over again with Energy Monitor
- There are always more ways to save with MoneySuperMarket
So how do we make our money? In a nutshell, when you use us to buy something, we get a reward from the company you’re buying from.
You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.