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12 month loans


Compare deals from a wide range of leading lenders

Why compare 12 month loans with MoneySuperMarket?

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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.


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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.

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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.



Our loan service comes highly rated

At MoneySuperMarket our goal is to provide the best way to find a great loan deal – so comparing with us is quick and easy.

Join thousands of happy customers who’ve found a loan with us.


of our customers would buy again based on 2,588 reviews

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

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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

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    Apply with confidence

    When you’re pre-approved, the loan amount, duration and interest rate are all confirmed

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    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

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    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.




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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

  • Results

    It doesn’t take long

    Tell us a little about yourself, your finances and the loan you want

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    We’ll browse the market

    We’ll search through loans from across the market

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    Compare loans

    Sort loans by overall cost and your likelihood of being accepted


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.  


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.