Compare 12 month loans from the best 12 month loan lenders currently offering cheap loans over 1 year in the UK and find the cheapest 12 month loan online in minutes. We make it easy for you to find the best 12 month loan rates available for your circumstances so that you don't may more than you need to for your borrowing.

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Loan | Representative APR | For Loan Amounts | Term | ||||||||||||||||||||||||||||||||||||||||||||||

Minimum | Maximum | Minimum | Maximum | ||||||||||||||||||||||||||||||||||||||||||||||

Promoted Results | |||||||||||||||||||||||||||||||||||||||||||||||||

Clydesdale Bank Personal Loan | £1,000 | £25,000 | 4.4% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

Yorkshire Bank Personal Loan | £1,000 | £25,000 | 4.4% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Tesco Bank Personal Loan | £3,000 | £25,000 | 4.5% | £7,500 to £15,000 | 1 year | 10 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.62 per month & £10,925.76 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Santander Internet Loan | £1,000 | £20,000 | 4.5% | £7,500 to £15,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Derbyshire Building Society Personal Loan | £5,000 | £20,000 | 4.6% | £7,500 to £15,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.6% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.6% p.a. (fixed) you will repay £228.06 per month & £10,946.88 in total. For a limited time, get 4.6% APR Representative for loans between £7,500 and £15,000. | |||||||||||||||||||||||||||||||||||||||||||||||||

M&S Bank Personal Loan (New Customers) | £1,000 | £25,000 | 4.8% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.8% p.a. (fixed) you will repay £228.93 per month & £10,988.64 in total. To apply for an M&S Personal Loan you have to be a UK resident aged 30 or over or a homeowner. To apply for an M&S Loan, you must have an annual income of at least £10,000 and be aged 30 or over, or a homeowner aged 18 or over. | |||||||||||||||||||||||||||||||||||||||||||||||||

RBS Internet Loan (Existing Customers) | £1,000 | £25,000 | 4.9% | £7,500 to £14,950 | 1 year | 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 £229.36 per month & £11,009.28 in total. Available to existing customers only. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

Nationwide Personal Loan | £7,500 | £25,000 | 6.2% | £7,500 to £14,999 | 1 year | 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

NatWest Personal Loan | £1,000 | £25,000 | 6.4% | £7,500 to £14,950 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

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. Available to existing customers only. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

RateSetter 1 Year Loan | £1,000 | £25,000 | 6.7% | £5,000 to £14,999 | 1 year | 23 months | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 6.7% (fixed) at a rate of 6.7% p.a. (fixed)Arrangement fee £115.75. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

Moneyway Plus Loan | £3,000 | £15,000 | 7.5% | £7,001 to £15,000 | 1 year | 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

Norton Finance Secured loan from one of the UK's oldest lenders | £10,000 | £30,000 | 14.5% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 14.5% (variable) so if you borrow £20000 over 10 years at a rate of 10.9% p.a. (variable) you will repay £305.87 per month & total amount payable £36,704.40. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Clearly Loans EXCLUSIVE secured loan product to money.co.uk | £5,000 | £50,000 | 15.05% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 15.05% (variable) so if you borrow £15000 over 10 years at a rate of 10.9% p.a. (variable) you will repay £233.83 per month & total amount payable £28,059.84. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Clearly Loans EXCLUSIVE mild adverse secured loan | £5,000 | £50,000 | 15.78% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 15.78% (variable) so if you borrow £15000 over 10 years at a rate of 11.5% p.a. (variable) you will repay £239.64 per month & total amount payable £28,757.90. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Clearly Loans EXCLUSIVE available in Northern Ireland | £7,500 | £50,000 | 17.4% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 17.4% (variable) so if you borrow £30000 over 15 years at a rate of 13.9% p.a. (variable) you will repay £443.22 per month & total amount payable £79,779.60. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Norton Finance Secured loan from one of the UK's oldest lenders | £3,000 | £30,000 | 18.1% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 18.1% (variable) so if you borrow £15000 over 10 years at a rate of 13.9% p.a. (variable) you will repay £258.64 per month & total amount payable £31,036.80. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Clearly Loans EXCLUSIVE near prime secured loan to money.co.uk | £5,000 | £30,000 | 18.87% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 18.87% (variable) so if you borrow £15000 over 10 years at a rate of 14% p.a. (variable) you will repay £264.65 per month & total amount payable £31,758.42. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Moneyway Personal Loan | £1,000 | £15,000 | 18.9% | £12,001 to £15,000 | 1 year | 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

Norton Finance Secured loan from one of the UK's oldest lenders | £3,000 | £30,000 | 19.4% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 19.4% (variable) so if you borrow £15000 over 10 years at a rate of 14.9% p.a. (variable) you will repay £268.85 per month & total amount payable £32,262.00. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Clearly Loans EXCLUSIVE secured loan product to money.co.uk | £5,000 | £50,000 | 19.82% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 19.82% (variable) so if you borrow £10000 over 5 years at a rate of 11.9% p.a. (variable) you will repay £255.12 per month & total amount payable £15,307.15. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Clearly Loans EXCLUSIVE near prime secured loan to money.co.uk | £5,000 | £30,000 | 20.14% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 20.14% (variable) so if you borrow £15000 over 10 years at a rate of 15% p.a. (variable) you will repay £275 per month & total amount payable £32,998.74. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Clearly Loans EXCLUSIVE mild adverse secured loan | £5,000 | £50,000 | 20.57% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 20.57% (variable) so if you borrow £10000 over 5 years at a rate of 12.5% p.a. (variable) you will repay £258.61 per month & total amount payable £15,516.91. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Norton Finance Secured loan for those with adverse credit | £3,000 | £30,000 | 20.6% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 20.6% (variable) so if you borrow £15000 over 10 years at a rate of 15.9% p.a. (variable) you will repay £279.12 per month & total amount payable £33,494.40. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Clearly Loans EXCLUSIVE available in Northern Ireland | £7,500 | £50,000 | 20.9% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 20.9% (variable) so if you borrow £20000 over 10 years at a rate of 15.9% p.a. (variable) you will repay £374.67 per month & total amount payable £44,960.40. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Norton Finance Secured loan for those with adverse credit | £3,000 | £30,000 | 24.7% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 24.7% (variable) so if you borrow £10000 over 5 years at a rate of 16.9% p.a. (variable) you will repay £277.6 per month & total amount payable £16,656.00. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Clearly Loans EXCLUSIVE high LTV secured loan | £5,000 | £30,000 | 26.96% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 26.96% (variable) so if you borrow £7500 over 5 years at a rate of 16.9% p.a. (variable) you will repay £216.25 per month & total amount payable £12,974.61. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

Clearly Loans EXCLUSIVE mild adverse secured loan | £5,000 | £30,000 | 28.44% variable | --- | 1 year | 20 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 28.44% (variable) so if you borrow £7500 over 5 years at a rate of 18% p.a. (variable) you will repay £221.43 per month & total amount payable £13,285.87. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

GuarantorUs Loans Unsecured Guarantor Loan | £1,000 | £5,000 | 45.0% | £1,000 to £5,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

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. GuarantorUs offer the best value guarantor loan in the UK. Find a guarantor and receive up to £5,000 the same day. No fees ever. | |||||||||||||||||||||||||||||||||||||||||||||||||

UK Credit Ltd Guarantor Loan | £1,000 | £7,500 | 47.9% | £1,000 to £7,500 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: £3,000 over 3 years, Annual interest rate 39.8% fixed, monthly payment £143.98. Interest payable £2,183.28. Total repayable £5,183.28. Representative 47.9% APR fixed. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

1Plus1 Loans 1Plus1 Loan | £500 | £5,000 | 49.7% | £500 to £5,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 49.7% (fixed) so if you borrow £2,000 over 2 years at a rate of 49.7% p.a. (fixed) you will repay £123.49 per month & £2,963.76 in total. Arrangement fee £50. A 10% broker fee will be included within your monthly repayments. | |||||||||||||||||||||||||||||||||||||||||||||||||

Amigo Loans Ltd Guarantor Loan | £500 | £5,000 | 49.9% | £500 to £5,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 49.9% (variable) so if you borrow £5,000 over 2 years at a rate of 41.16% p.a. you will repay £309.08 per month & £7,417.92 in total. Struggling to get a loan even though you know can afford to pay it back? Amigo can lend you up to £5000 as long as you've got someone willing to back you up. | |||||||||||||||||||||||||||||||||||||||||||||||||

UK Trust Loans Guarantor Loan | £1,500 | £3,000 | 49.9% | £1,500 to £3,000 | 1 year | 3 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The representative APR is 49.9% (variable) so if you borrow £1,500 over 2 years at a rate of 41.16% p.a. (fixed) you will repay £92.74 per month & £2,225.76 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

1st Stop Guarantor Loan | £500 | £5,000 | 52.6% | £500 to £5,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The representative APR is 52.64% so if you borrow £3,500 over 3 years at a rate of 52.64% p.a. (fixed) you will repay £174.92 per month & £6,297.12 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Aspire Money Personal Loan | £500 | £7,500 | 58.5% | £500 to £7,500 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: Representative 58.5% APR.
Borrow £5,000 and pay £297.34 a month for 36 months. The interest payable is £5,704.24. The total repayable is £10,704.24. Aspire Money offer a loan brokering service with no upfront fees and have loans available that don\'t require a guarantor. Please only apply if you are aged 18 to 65, employed or self employed with a income of more than £800 a month. | |||||||||||||||||||||||||||||||||||||||||||||||||

UK Credit Ltd Tenant Guarantor Loan | £1,000 | £3,000 | 69.9% | £1,000 to £3,000 | 1 year | 3 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: £2,000 over 2 years, Annual interest rate 45.84% fixed, monthly payment £113.47. Interest payable £2,084.92. Total repayable £4,084.92. Representative 69.9% APR fixed. Get a guarantor loan today using a TENANT AS YOUR GUARANTOR. All bad credit is considered. Ideal for consolidating more expensive credit. No fees. Fixed rates. | |||||||||||||||||||||||||||||||||||||||||||||||||

Evolution Money Unlimited equity loan up to £3,000 | £1,000 | £3,000 | 82.5% variable | --- | 1 year | 3 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 82.5% (variable) so if you borrow £2000 over 2 years at a rate of 51.1% p.a. (variable) you will repay £146.96 per month & total amount payable £3,527.04. You must be a homeowner to apply as this loan will be secured against your home. | |||||||||||||||||||||||||||||||||||||||||||||||||

118 118 Money Loan | £1,000 | £5,000 | 99.9% | £1,000 to £5,000 | 1 year | 2 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 99.9% so if you borrow £2,000 over 2 years at a rate of 71% p.a. (fixed) you will repay £158.13 per month & £3,795.12 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Ladder Loans Loan | £500 | £1,500 | 299.0% | £500 to £1,500 | 6 months | 18 months | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 299% so if you borrow £1,000 over 12 months at a rate of 147% p.a. (fixed) you will repay £163.10 per month & £1,957.20 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Pounds to Pocket Personal Loan | £200 | £2,000 | 399.0% | £200 to £2,000 | 1 year | 1 year | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 399% so if you borrow £500 over 1 year at a rate of 172% you will repay £98.54 per month and £1182.50 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Provident Personal Credit Cash Loan | £100 | £500 | 399.7% | £100 to £500 | 6 months | 1 year | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: Representative 399.7% APR. Borrow £200 and pay £10 per week for 32 weeks at a fixed interest rate of 97.5% per year. The Total Repayable is £320. | |||||||||||||||||||||||||||||||||||||||||||||||||

EZBOB Business Loan | £500 | £50,000 | --- | --- | 1 month | 1 year | |||||||||||||||||||||||||||||||||||||||||||

One hour funding, apply online, zero paperwork. Up to £50,000. | |||||||||||||||||||||||||||||||||||||||||||||||||

Funding Circle Business Loan | £5,000 | £1,000,000 | --- | --- | 6 months | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Applicants must have 2 years+ of filed accounts with Companies House and have a minimum turnover of £100k. UK's biggest peer-to-peer business lender. 10% of all eligible loans funded by UK Government. Established businesses only. | |||||||||||||||||||||||||||||||||||||||||||||||||

Merchant Money Business Loan | £1,000 | £50,000 | --- | --- | 1 month | 2 years | |||||||||||||||||||||||||||||||||||||||||||

Available for Ltd companies only. | |||||||||||||||||||||||||||||||||||||||||||||||||

Ashley Business Cash Cash Advance | £3,500 | £100,000 | --- | --- | 6 months | 1 year | |||||||||||||||||||||||||||||||||||||||||||

Adverse credit accepted, must have been trading 12 months, minimum 12 months sales history required, must have 1 year remaining on lease. UK citizens only. | |||||||||||||||||||||||||||||||||||||||||||||||||

Everline.com Business Loan | £3,000 | £50,000 | --- | --- | 1 week | 1 year | |||||||||||||||||||||||||||||||||||||||||||

Over 18 and UK resident. Trading for minimum of 2 years. Maximum £50k loan for limited companies (£10k for sole traders). Loans are subject to approval. T&Cs apply. | |||||||||||||||||||||||||||||||||||||||||||||||||

RateSetter Business Loan | £1,000 | £25,000 | --- | --- | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Full Results | |||||||||||||||||||||||||||||||||||||||||||||||||

Clydesdale Bank Personal Loan | £1,000 | £25,000 | 4.4% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total. 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. | |||||||||||||||||||||||||||||||||||||||||||||||||

Yorkshire Bank Personal Loan | £1,000 | £25,000 | 4.4% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Clydesdale Bank Personal Loan (Ex/C) | £1,000 | £25,000 | 4.4% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Sainsbury's Bank Standard Medium Loan (1-3 Yrs) | £7,500 | £15,000 | 4.4% | £7,500 to £15,000 | 1 year | 3 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 2 years at a rate of 4.4% p.a. (fixed) you will repay £435.65 per month & £10,455.60 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Yorkshire Bank Personal Loan (Ex/C) | £1,000 | £25,000 | 4.4% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

Tesco Bank Personal Loan | £3,000 | £25,000 | 4.5% | £7,500 to £15,000 | 1 year | 10 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.62 per month & £10,925.76 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Santander Internet Loan | £1,000 | £20,000 | 4.5% | £7,500 to £15,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total. | |||||||||||||||||||||||||||||||||||||||||||||||||

Santander Branch Loan (123 Customers) | £1,000 | £20,000 | 4.5% | £7,500 to £20,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total. Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

Santander Branch Loan (Standard) | £1,000 | £20,000 | 4.5% | £7,500 to £15,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Santander Telephone Loan (123 Customers) | £1,000 | £20,000 | 4.5% | £7,500 to £20,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

Santander Telephone Loan (Standard) | £1,000 | £20,000 | 4.5% | £7,500 to £15,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Santander Select Loan (Select Customers) | £1,000 | £25,000 | 4.5% | £7,500 to £25,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

Derbyshire Building Society Personal Loan | £5,000 | £20,000 | 4.6% | £7,500 to £15,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.6% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.6% p.a. (fixed) you will repay £228.06 per month & £10,946.88 in total. For a limited time, get 4.6% APR Representative for loans between £7,500 and £15,000. | |||||||||||||||||||||||||||||||||||||||||||||||||

M&S Bank Personal Loan (Existing Customers) | £1,000 | £25,000 | 4.7% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.7% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.7% p.a. (fixed) you will repay £228.49 per month & £10,967.52 in total. Available to existing customers only. To apply for an M&S Loan, you must have an annual income of at least £10,000 and be aged 30 or over, or a homeowner aged 18 or over. | |||||||||||||||||||||||||||||||||||||||||||||||||

First Direct Personal Loan | £1,000 | £25,000 | 4.7% | £7,000 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.7% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.7% p.a. (fixed) you will repay £228.67 per month & £10,976.16 in total. Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

M&S Bank Car Loan (Existing Customers) | £2,500 | £25,000 | 4.7% | £7,500 to £15,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.7% (fixed) at a rate of 4.7% p.a. (fixed) Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

Sainsbury's Bank Shopper Reward Med Loan (1-3 Yrs) | £7,500 | £15,000 | 4.7% | £7,500 to £15,000 | 1 year | 3 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.7% (fixed) so if you borrow £10,000 over 2 years at a rate of 4.7% p.a. (fixed) you will repay £436.93 per month & £10,486.32 in total. Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

M&S Bank Personal Loan (New Customers) | £1,000 | £25,000 | 4.8% | £7,500 to £15,000 | 1 year | 7 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.8% p.a. (fixed) you will repay £228.93 per month & £10,988.64 in total. To apply for an M&S Personal Loan you have to be a UK resident aged 30 or over or a homeowner. To apply for an M&S Loan, you must have an annual income of at least £10,000 and be aged 30 or over, or a homeowner aged 18 or over. | |||||||||||||||||||||||||||||||||||||||||||||||||

HSBC Personal Loan | £7,000 | £15,000 | 4.8% | £7,000 to £15,000 | 1 year | 5 years | |||||||||||||||||||||||||||||||||||||||||||

Representative Example: The Representative APR is 4.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.8% p.a. (fixed) you will repay £228.93 per month & £10,988.64 in total. Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

HSBC Premier Loan | £1,000 | £25,000 | 4.8% | £7,000 to £25,000 | 1 year | 8 years | |||||||||||||||||||||||||||||||||||||||||||

Available to existing customers only. | |||||||||||||||||||||||||||||||||||||||||||||||||

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You may want to compare the above loans with the following.

- 30 days first payment due is offered.
- Take advantage of 4.8 percent representative APR from M&S Bank.
- Get a minimum loan period of 1 year.
- Customers get 3 months deferred start from M&S Bank.

- The Ulster Bank loan has a 9.8% representative APR.
- Customers get £10,000 to £25,000 representative loan amount from the Personal Loan.
- 1 yr minimum loan term is offered to you.
- 9.8 percent representative APR.
- New customers will get £25,000 maximum loan.
**Representative Example: The Representative APR is 9.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 9.8% p.a. (fixed) you will repay £250.61 per month & £12,029.28 in total.**

- Max loan of £25,000 is offered with the loan.
- Get a representative APR of 4.8% from the Car Loan (New Customers).
- This loan gives £2,500 minimum loan.
- A 4.8 percent representative APR is offered.
- £7,500 to £15,000 representative loan amount is offered.
**Representative Example: The Representative APR is 4.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.8% p.a. (fixed) you will repay £228.92 per month & £10,988.16 in total.**

- Flexible Loan offers an arrangement fee (%) of 0%.
- 3 months deferred start is offered with Flexible Loan.
- 5 years maximum loan term is available with this loan.
- Flexible Loan gives a representative APR of 6.4 percent.
**Representative Example: The Representative APR is 12% so if you borrow £10,000 over 4 years at a rate of 11.43% p.a. (fixed) you will repay £236.06 per month & £11,330.88 in total.**

- £0 minimum arrangement fee is offered to you.
- Get £200 minimum loan from Pounds to Pocket.
- £200 to £2,000 representative loan amount is available to customers.
- 0 percent arrangement fee (%).
- A deferred start of 0 month is offered by Pounds to Pocket.
**Representative Example: The Representative APR is 399% so if you borrow £500 over 1 year at a rate of 172% you will repay £98.54 per month and £1182.50 in total.**

- Customers get 70 percent maximum LTV from this loan.
- Benefit from an annual rate (secured loans) of 12.67 percent.
- New customers can get £60,000 maximum loan.
- Great rate for thoses with a fair credit-rating offers a max loan term of 25 yrs.
**Representative Example: The Representative APR is 16.2% (variable) so if you borrow £20000 over 10 years at a rate of 12.672% p.a. (variable) you will repay £324.24 per month & total amount payable £38,908.80.**

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.

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.