12 Month Loans

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We can help you find a 12 month loan at a low monthly cost here at Personal Loans Now. Connecting you with 12 month loan direct lenders that offer the best rates on the market. In just 3 minutes you can complete an application through us. We’ll give you access to your own personalised table of offers from 40+ direct lenders. Whether you need a 12 month loan for Christmas or a summer holiday, click apply now. We can help you find 12 month loans that match your affordability today.

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12 Month Loan Direct Lenders

We are a direct lender and broker, offering 12-month loans matching your needs. We can connect you with other lenders if we can’t. All with just one simple to complete application. You’ll have access to 40+ direct lenders who’ll be able to offer low rate 12 month loans. When looking for a personal loan, it can be difficult separating the best deals from the bad. That’s why at Personal Loans Now, we can help you find the lowest rates possible. We’ll match your requirements to 12 month loan direct lenders who can offer same day funding.

We work alongside other FCA authorized lenders ensuring responsible lending. You can have peace of mind when applying through us for a 12-month loan. If you want to see how much a 12-month loan would cost each month, use our personal loan calculator. It’ll show you the amount of interest as well as the monthly repayments required. Once you know how much you want to apply for, click apply now, and we can get started.

Am I Eligible for 12 Month Loans

Am I Eligible for 12 Month Loans?

If you want to apply for a 12 month loan, you will need to meet a few minimum requirements first, including:

  • You are 18 years of age or older
  • You have a UK bank account
  • You are a current UK resident
  • You have a regular source of income

If you can meet the above, you will be able to apply for 12 months loans through us. As they are a minimum requirement, meeting them doesn’t guarantee you will be approved for the loan terms you want. As part of your application, you will need to undergo a credit check as well as affordability checks. This will ensure that you can afford the 12-month loan you want and are not in current financial difficulty.

Can I Get 12 Month Loans for Bad Credit?

We understand some applicants may not have a perfect credit score. This is why at Personal Loans Now we consider more than just your credit rating. Although this forms an important part of the approval process, we consider your full financial position first. This is before we make a decision. We recommend that you complete a full income and outgoings review before applying. This way you can check exactly what your disposable income is after all of your essential monthly bills. You’ll be able to see what you can afford to pay without putting yourself into financial difficulty.

Although we can offer 12-month loans for bad credit, we cannot guarantee you’ll be approved for the loan you apply for. Some lenders may charge a higher rate of interest with a bad credit cash loan. They may also only be able to lend a maximum of £7,500 to you. We will search the market for the best available rates according to your situation. To have access to the very best 12-month loans, you’ll need to have a good credit score and plenty of affordability.


Why Choose Personal Loans Now for a 12 Month Loan?

At Personal Loans Now, we can help you find the best 12-month loans on the market. We’ll connect you with 40+ direct lenders who can offer an instant decision and same day funding. Advantages of using Personal Loans Now include:

  • Full Online Application – with just one online application, you can see your own personalised table of offers. You’ll get approval all without waiting for paperwork.
  • High Acceptance Rates – we have helped 50,000 people already get the loan they want, and we’re eager to help more.
  • Lowest APR Rates – we search the entire market, so you don’t have to, finding the lowest APR rates available to you.
  • Instant Approval – we can give you a decision in just 90 seconds online.
  • Same Day Payout – once approved, your bank account will be credited on the same day.
  • FCA Authorised Lenders – we connect you with FCA authorised lenders like us, ensuring your safety and security online.

Apply for Personal Loan Now

If you want to take advantage of the best deals available to you, click apply now, and we can get started. An application takes just 3 minutes to complete and gives you a personalised table of offers. Without a credit check, you can review the offers without impacting your credit score.

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12 Month Loans FAQs

Can I Apply for a Longer Term than 12 Month Loans?

At Personal Loans Now, we can offer many types of loan, with 12 month loans just one of the repayment terms available. You can apply for borrowing to be repaid over a few months to a few years. Most unsecured personal loans are offered up to 7 years. As you are able to apply for up to £25,000 unsecured online, you may find repayments are high over a 12-month loan. To help, you can spread the cost over several years to make the monthly repayment amount as low as possible. Although your monthly repayments will be smaller, the longer you choose to repay can mean more interest paid overall. If you’re looking for loans from £25,000 or above, we have secured loans available to help you.

How Much Interest Will I Be Charged for a 12 Month Loan?

At Personal Loans Now, we charge a fixed rate term at 39.7% RAPR (representative annual percentage rate). You can use our personal loan calculator to see how much this will cost you against the loan amount you want. The lenders we can connect you with may charge up to 99.9% so you will need to carefully check the interest rates being offered before continuing with a loan application. As well as fixed interest, where the rate will stay the same throughout the loan term, some lenders may charge variable rates. This is where the interest can increase and decrease during the loan term. Much like a credit card, this can mean the interest charge can change depending on how much is outstanding on the loan term.

How Can I Check my Credit Score?

If you aren’t sure what your current credit score is, you should check this before applying for any borrowing. You can do this by contacting a credit reference agency, such as External or Equinox. They’ll be able to show you what your credit rating is and what a lender can see during your application. With this information, if you have a poor credit score, you’ll be able to see what you will need to do to improve it.

Do I Need a Guarantor for a 12 Month Loan?

No, you do not need a guarantor as part of your application for 12 month loans. If you have a poor credit rating, you may have a better chance of approval if you apply for a guarantor loan. With a guarantor, you will be able to provide the lender with lower risk when considering your application. If you do use a guarantor, they will need to have a good credit score amongst other requirements. With a good credit rating, you should be able to apply for 12 months loans without a guarantor.

Are There Any Fees When Applying for 12 Month Loans?

At Personal Loans Now, we do not charge any fees for using our service or as part of a loan agreement. If your 12 month loan is approved, the amount you pay will be detailed and will reflect the loan amount you have applied for. If we can’t approve your loan application, we’ll connect you with other direct lenders. Whilst we do not charge any fees, some lenders may do so as part of the application. You will need to check the loan offers before proceeding to ensure you understand any fees applied.

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