Tesco Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£3,000 to £25,0004.1%
(£7,500 to £15,000)
1 year to 10 years
Representative Example: The Representative APR is 4.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.1% p.a. (fixed) you will repay £225.90 per month & £10,843.20 in total.
Santander Internet Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £20,0004.3%
(£7,500 to £15,000)
1 year to 5 years
Representative Example: The Representative APR is 4.3% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.3% p.a. (fixed) you will repay £226.94 per month & £10,893.12 in total.
RBS Internet Loan Ex/C
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.9%
(£7,500 to £14,950)
1 year to 7 years
If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount.
Available to existing customers only.
Representative Example: The Representative APR is 4.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.36 per month & £11,009.28 in total.
Clydesdale Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.9%
(£7,500 to £15,000)
1 year to 7 years
Apply online and get an instant decision. Any purpose loans. You can repay your loan in full and part at any time and they'll reduce the total credit payable under the agreement.
Representative Example: The Representative APR is 4.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.57 per month & £11,019.36 in total.
Yorkshire Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.9%
(£7,500 to £15,000)
1 year to 7 years
Representative Example: The Representative APR is 4.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.57 per month & £11,019.36 in total.
Nationwide Personal Loan Ex/C
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0005.9%
(£7,500 to £14,999 )
1 year to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 5.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 5.9% p.a. (fixed) you will repay £233.69 per month & £11,217.12 in total.
Nationwide Personal Loan
Loan AmountRepresentative APRLoan Term
£7,500 to £25,0006.2%
(£7,500 to £14,999)
1 year to 5 years
Representative Example: The representative APR is 6.2% (fixed) so if you borrow £11,000 over 51 months at a rate of 6.2% p.a. (fixed) you will repay £245.04 per month & £12,497.04 in total.
Ulster Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0006.4%
(£7,000 to £14,950)
1 year to 5 years
You must be an existing Ulster Bank customer and be registered for Anytime banking to apply online.
Representative Example: The Representative APR is 6.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.4% p.a. (fixed) you will repay £235.86 per month & £11,321.28 in total.
NatWest Personal Loan Ex/C
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0006.4%
(£7,500 to £14,950)
1 year to 7 years
If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount.
Available to existing customers only.
Representative Example: The Representative APR is 6.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.4% p.a. (fixed) you will repay £235.77 per month & £11,316.96 in total.
Moneyway Plus Loan
Loan AmountRepresentative APRLoan Term
£3,000 to £15,0007.5%
(£7,001 to £15,000)
1 year to 5 years
Representative Example: The Representative APR is 7.9% so if you borrow £7,000 over 3 years at a rate of 7.9% p.a. (fixed) you will repay £218.15 per month & £7,853.40 in total.
RateSetter 1 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0008.8%
(£11,000 to £25,000)
1 year to 23 months
Quick and simple online process, approval within 24 hours. No early repayment charges and all fees are included in the APR. Need good credit history.
Representative Example: The Representative APR is 9% (fixed) at a rate of 9% p.a. (fixed) Arrangement fee from £127.10.
1st Stop Personal Loans Homeowner Plus
Loan AmountRepresentative APRLoan Term
£1,000 to £10,00018.2%
(£1,000 to £10,000)
1 year to 6 years
Representative Example: The Representative APR is 18.21% so if you borrow £5,000 over 5 years at a rate of 8.5% (fixed) you will repay £124.59 per month and £7,475.40 in total.
Moneyway Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £15,00018.9%
(£12,001 to £15,000)
1 year to 5 years
Representative Example: The Representative APR is 24.9% so if you borrow £5,000 over 4 years at a rate of 22.46% p.a. (fixed) you will repay £158.73 per month & £7,619.04 in total.
1st Stop Personal Loans Homeowner
Loan AmountRepresentative APRLoan Term
£1,000 to £5,00037.2%
(£1,000 to £5,000)
1 year to 3 years
Representative Example: The Representative APR is 37.2% APR so if you borrow £3,000 over 3 years at a rate of 17.0% (fixed) you will repay £132.19 per month and £4,758.84 in total.
GuarantorUs Loans Unsecured Guarantor Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £5,00045.0%
(£1,000 to £5,000)
1 year to 5 years
GuarantorUs offers great value guarantor loans of up to £5k. Bad credit and CCJs considered if you can afford the payments and find a guarantor. No fees ever.
Your guarantor must be a homeowner.
Representative Example: The representative APR is 45.0% (variable) so if you borrow £5,000 over 2 years at a rate of 37.77% p.a. (variable) you will repay £299.96 per month & £7,198.98 in total.
UK Credit Ltd Guarantor Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £7,50045.3%
(£3,500 to £7,500)
1 year to 5 years
UK Credit is a specialist, no fee guarantor loan provider. All bad credit considered. Please only apply if you have a homeowner guarantor to support your application.
Your guarantor must be a homeowner.
Representative Example: £4,000 over 4 years, representative 45.3% APR fixed. Monthly payment £163.12. Annual interest rate 37.96% fixed. Interest payable £3,829.76. Total repayable £7,829.76.
LendFair Ltd Guarantor Loan
Loan AmountRepresentative APRLoan Term
£500 to £5,00048.0%
(£500 to £5,000)
6 months to 5 years
Representative Example: The representative APR is 48.0% (fixed) so if you borrow £2,500 over 3 years at a rate of 48.0% p.a. (fixed) you will repay £120.04 per month & £4,321.44 in total.
Springcoin Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £20,00048.5%
(£1,000 to £20,000)
1 year to 2 years
Representative Example: The Representative APR is 48.5% (fixed) so if you borrow £3,000 over 1 year at a rate of 48.5% p.a. (fixed) you will repay £670.83 per month & £3670.83 in total.
Guarantor My Loan Guarantor Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £5,00048.9%
(£1,000 to £5,000)
1 year to 5 years
If you make 12 repayments in full & on time you will get a cash back reward equivalent to one repayment.
Representative Example: The representative APR is 48.9% (variable) so if you borrow £3,000 over 3 years at a rate of 40.48% p.a. (variable) you will repay £145.17 per month & £5,226.12 in total.
Buddy Loans Guarantor Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £7,50049.8%
(£1,000 to £7,500)
1 year to 5 years
Buddy Loans are the NEW,friendly guarantor lender. Borrow up to £7,500 with NO FEES and a friendly service! All poor credit considered.
Representative Example: The representative APR is 49.8% (variable) so if you borrow £2500 over 2yrs, interest £1219.05 you will repay £154.24 per month & £3,719.07 in total.

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How to Compare 12 Month Loans

If you need to borrow but don't want to be repaying a loan for years, loans for 12 months may be the ideal solution. Here's how to compare 12 month loan lenders to make sure you find the best 12 month loan company in the UK for your finances.

Raining Money

A 1 year loan can be ideal if you need to borrow a significant sum of money but don't want to be committed to a long term loan over several years.

However, with so many one year loans on the market it's essential to find the cheapest loan for a year to keep your borrowing costs down. We explain how:

How to find the best 12 month unsecured loans

If you need a loan for 12 months making sure you're getting the best deal possible is a must to ensure you pay as little as you can for your borrowing.

The main cost of taking out loans over 12 months is the rate of interest or APR you'll be charged on the loan. As a rule, the lower the APR or interest rate, the cheaper your 1 year loan will be.

The 'headline rate' quoted by most loan lenders is a representative example of what you could pay if you take out the loan. However, the actual rate that you'll be quoted when you apply for a 1 year loan is likely to depend on the amount you are looking to borrow and your credit rating.

For this reason it's important that you find the cheapest one year loan for your personal circumstances so you pay less from your borrowing overall.

Before you apply for the cheapest 1 year loans on the market, you need to ensure the loan on offer meets your needs.

How much do you need to borrow?

The best 1 year loan for you will vary depending on the amount of money you want to borrow.

It's often the case that the more you borrow the lower the interest rate, with the best rates generally offered on loans over 7,500; however it's never a good idea to borrow more than you need.

Instead you need to calculate exactly how much you need to borrow and look for the cheapest 1 year loan for that amount.

Do you qualify?

Often the cheapest one year loans will apply stringent application criteria, meaning that unless you have an impeccable credit history and high regular income you won't qualify for their headline rate. However, even if you don't have a gleaming credit history, you should still be able to get an affordable one year loan.

You simply need to check the application criteria of each loan before you apply, to make sure you tick all the boxes.

If you have a poor credit history, or have defaulted on previous loans or credit cards you may need to consider looking at 12 month loans for bad credit.

Although these loans are more expensive they will consider applications from borrowers with a poor credit record, while other 12 month loan lenders will simply reject your application.

Can you repay early?

Most small loans over 12 months come with the flexibility to allow you to repay your loan in full early.

However, the cost of repaying early can vary from provider to provider so if you think there's a chance you might want to repay your 1 year loan early you need to check exactly how much this might cost.

Weigh up if greater flexibility to repay early is important and in some cases worth paying extra for, or whether you simply want to cheapest loan possible and are happy to be tied into repaying over 12 months.

Once you've decided exactly what you need from your 1 year loan, you can compare the loans side by side using our one year loans comparison table to find the best deal.

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