Compare 12 Month Loans

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		Term		Headline Representative		Online Decision
		Minimum	Maximum	Minimum	Maximum	APR	Loan Amount	Online Decision
Promoted Results
	Clydesdale Bank Personal Loan	£7,500	£15,000	1 year	7 years	6%	£7,500 to £15,000
	Representative Example: The representative APR is 6% (fixed) so if you borrow £10,000 over 4 years at a rate of 6% p.a. (fixed) you will repay £234.34 per month & £11,248.32 in total. Quick and easy to apply online. Any purpose loans. Early repayment options with no hidden charges.
	Tesco Bank Personal Loan	£3,000	£25,000	1 year	10 years	6.1%	£7,500 to £15,000
	Representative Example: The representative APR is 6.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.1% p.a. (fixed) you will repay £236.88 per month & £11,370.24 in total. The interest rate offered will depend on the amount you wish to borrow and your individual circumstances. Loans available to UK residents and over 18s only. Subject to status.
	Car Loan 4U Car Loan (Semi-Exclusive)	£3,000	£50,000	1 year	5 years	6.1%	£3,000 to £50,000
	Representative Example: The representative APR is 6.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.1% p.a. (fixed) you will repay £234.56 per month & £11,258.88 in total.
	Nationwide Personal Loan	£7,500	£25,000	1 year	5 years	6.8%	£7,500 to £14,950
	Representative Example: The representative APR is 6.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.8% p.a. (fixed) you will repay £237.60 per month & £11,404.80 in total.
	NatWest Personal Loan (Adv Gold)	£1,000	£25,000	1 year	7 years	6.9%	£7,500 to £14,950
	Representative Example: The representative APR is 6.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.9% p.a. (fixed) you will repay £238.03 per month & £11,425.44 in total. Advantage Gold current account and Black Account 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.
	RBS Internet Loan (Royalties/Royalties Gold)	£1,000	£25,000	1 year	7 years	6.9%	£7,500 to £14,950
	Representative Example: The representative APR is 6.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.9% p.a. (fixed) you will repay £238.03 per month & £11,425.44 in total. Loan available to RBS Royalties or Royalties Gold current account and Black Account 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.
	The Co-operative Bank Personal Loan	£2,000	£25,000	1 year	7 years	7.9%	£7,500 to £14,950
	Representative Example: The representative APR is 7.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 7.75% p.a. (fixed) you will repay £242.39 per month & £11,634.48 in total.
	AA Personal Loan	£2,000	£25,000	1 year	7 years	7.9%	£7,500 to £14,950
	Representative Example: The representative APR is 7.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 7.9% p.a. (fixed) you will repay £242.94 per month & £11,661.12 in total.
	Car Loan 4U Car Loan (Excellent Credit History)	£3,000	£50,000	1 year	5 years	7.9%	£3,000 to £50,000
	Representative Example: The representative APR is 7.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 7.9% p.a. (fixed) you will repay £241.63 per month & £11,598.24 in total.
	NatWest Personal Loan	£1,000	£25,000	1 year	7 years	8.9%	£7,500 to £14,950
	Representative Example: The representative APR is 8.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 8.9% p.a. (fixed) you will repay £246.77 per month & £11,844.96 in total. 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.
	RBS Internet Loan (Existing Customers)	£1,000	£25,000	1 year	7 years	8.9%	£7,500 to £14,950
	Representative Example: The representative APR is 8.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 8.9% p.a. (fixed) you will repay £246.77 per month & £11,844.96 in total. Loan available to RBS 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.
	Car Loan 4U Car Loan (Good Credit History)	£3,000	£50,000	1 year	5 years	13.9%	£3,000 to £50,000
	Representative Example: The representative APR is 13.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 13.9% p.a. (fixed) you will repay £266.63 per month & £12,798.24 in total.
	Car Loan 4U Car Loan (Fair Credit History)	£3,000	£50,000	1 year	5 years	18.9%	£3,000 to £50,000
	Representative Example: The representative APR is 18.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 18.9% p.a. (fixed) you will repay £287.46 per month & £13,798.08 in total.
	Car Loan 4U Car Loan (Average Credit History)	£3,000	£50,000	1 year	5 years	23.9%	£3,000 to £50,000
	Representative Example: The representative APR is 23.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 23.9% p.a. (fixed) you will repay £308.29 per month & £14,797.92 in total.
	Car Loan 4U Car Loan (Poor Credit History)	£3,000	£50,000	1 year	5 years	28.9%	£3,000 to £50,000
	Representative Example: The representative APR is 28.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 28.9% p.a. (fixed) you will repay £329.13 per month & £15,798.24 in total.
	Guarantor Loans Online Guarantor Loans	£1,000	£5,000	1 year	5 years	53.8%	£1,000 to £5,000
	Representative Example: The representative APR is 53.8% (fixed) so if you borrow £5,000 over 2 years at a rate of 53.8% p.a. (fixed) you will repay £316.43 per month & £7,594.32 in total. Guarantor Loans Online 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.
	Amigo Loans Ltd Personal Loan	£500	£5,000	1 year	5 years	62.1%	£500 to £5,000
	Representative Example: The representative APR is 62.1% so if you borrow £3,000 over 3 years at a rate of 62.1% p.a. you will repay £161.01 per month & £5,796.36 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.
	Provident Personal Credit Cash Loan	£50	£500	6 months	13 months	272.2%	£50 to £500
	Representative Example: The representative APR is 272.2% (fixed) at a rate of 272.2% p.a. (fixed)
Full Results
	Sainsbury's Bank Standard Medium Loan (1-3 Yrs)	£7,500	£15,000	1 year	3 years	5.9%	£7,500 to £15,000
	Representative Example: The representative APR is 5.9% (fixed) at a rate of 5.9% p.a. (fixed) Loan available to Sainsbury's shoppers with Nectar Card.
	Clydesdale Bank Personal Loan	£7,500	£15,000	1 year	7 years	6%	£7,500 to £15,000
	Representative Example: The representative APR is 6% (fixed) so if you borrow £10,000 over 4 years at a rate of 6% p.a. (fixed) you will repay £234.34 per month & £11,248.32 in total. Quick and easy to apply online. Any purpose loans. Early repayment options with no hidden charges.
	M&S Personal Loan	£1,000	£25,000	1 year	7 years	6%	£7,500 to £15,000
	Representative Example: The representative APR is 6% (fixed) so if you borrow £10,000 over 4 years at a rate of 6% p.a. (fixed) you will repay £234.11 per month & £11,237.28 in total.
	Yorkshire Bank Personal Loan	£7,500	£14,999	1 year	7 years	6%	£7,500 to £14,999
	Representative Example: The representative APR is 6% (fixed) so if you borrow £10,000 over 4 years at a rate of 6% p.a. (fixed) you will repay £235.20 per month & £11,289.60 in total.
	M&S Car Loan	£2,500	£25,000	1 year	5 years	6%	£7,500 to £15,000
	Representative Example: The representative APR is 6% (fixed) so if you borrow £10,000 over 4 years at a rate of 6% p.a. (fixed)
	Tesco Bank Personal Loan (Existing Customers)	£3,000	£25,000	1 year	10 years	6%	£7,500 to £15,000
	Representative Example: The representative APR is 6% (fixed) so if you borrow £10,000 over 4 years at a rate of 6% p.a. (fixed) you will repay £234.12 per month & £11,237.76 in total. Loan available to existing customers only.
	Tesco Bank Personal Loan	£3,000	£25,000	1 year	10 years	6.1%	£7,500 to £15,000
	Representative Example: The representative APR is 6.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.1% p.a. (fixed) you will repay £236.88 per month & £11,370.24 in total. The interest rate offered will depend on the amount you wish to borrow and your individual circumstances. Loans available to UK residents and over 18s only. Subject to status.
	Car Loan 4U Car Loan (Semi-Exclusive)	£3,000	£50,000	1 year	5 years	6.1%	£3,000 to £50,000
	Representative Example: The representative APR is 6.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.1% p.a. (fixed) you will repay £234.56 per month & £11,258.88 in total.
	First Direct Personal Loan	£1,000	£25,000	1 year	7 years	6.1%	£7,000 to £15,000
	Representative Example: The representative APR is 6.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.1% p.a. (fixed) you will repay £234.73 per month & £11,267.04 in total. Available to existing First Direct customers only.
	HSBC Premier Loan	£7,000	£25,000	1 year	8 years	6.1%	£7,000 to £15,000
	Representative Example: The representative APR is 6.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.1% p.a. (fixed) you will repay £234.56 per month & £11,258.88 in total. HSBC premier personal loan is for HSBC Premier current account holders only.
	HSBC Personal Loan	£7,000	£25,000	1 year	8 years	6.2%	£7,000 to £15,000
	Representative Example: The representative APR is 6.2% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.2% p.a. (fixed) you will repay £234.99 per month & £11,279.52 in total. HSBC Personal Loans are only available to existing HSBC current account customers.
	RateSetter 2 Year Loan	£1,000	£15,000	2 years	2 years	6.2%	£5,000 to £5,999
	Representative Example: The representative APR is 7.7% (fixed) so if you borrow £5,000 over 2 years at a rate of 7.7% p.a. (fixed) you will repay £226.32 per month & £5,431.68 in total. Arrangement fee £100,
	RateSetter 1 Year Loan	£1,000	£15,000	1 year	1 year	6.5%	£5,000 to £5,999
	Representative Example: The representative APR is 8.5% (fixed) at a rate of 8.5% p.a. (fixed)Arrangement fee £80,
	Santander Personal Loan	£1,000	£20,000	1 year	5 years	6.7%	£7,500 to £15,000
	Representative Example: The representative APR is 6.7% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.7% p.a. (fixed) you will repay £237.16 per month & £11,383.68 in total.
	Sainsbury's Bank Shopper Reward Med Loan (1-3 Yrs)	£7,500	£15,000	1 year	3 years	6.7%	£7,500 to £15,000
	Representative Example: The representative APR is 6.7% (fixed) at a rate of 6.7% p.a. (fixed) Loan available to Sainsbury's shoppers with Nectar Card.
	Nationwide Personal Loan	£7,500	£25,000	1 year	5 years	6.8%	£7,500 to £14,950
	Representative Example: The representative APR is 6.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.8% p.a. (fixed) you will repay £237.60 per month & £11,404.80 in total.
	NatWest Personal Loan (Adv Gold)	£1,000	£25,000	1 year	7 years	6.9%	£7,500 to £14,950
	Representative Example: The representative APR is 6.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.9% p.a. (fixed) you will repay £238.03 per month & £11,425.44 in total. Advantage Gold current account and Black Account 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.
	RBS Internet Loan (Royalties/Royalties Gold)	£1,000	£25,000	1 year	7 years	6.9%	£7,500 to £14,950
	Representative Example: The representative APR is 6.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.9% p.a. (fixed) you will repay £238.03 per month & £11,425.44 in total. Loan available to RBS Royalties or Royalties Gold current account and Black Account 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.
	The Co-operative Bank Personal Loan (Privilege&Premier CA)	£2,000	£25,000	1 year	7 years	6.9%	£7,500 to £14,950
	Representative Example: The representative APR is 6.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.9% p.a. (fixed) you will repay £238.63 per month & £11,454.24 in total. Loan available to Co-op Privilege and Privilege Premier Current Account customers.
	Nationwide Personal Loan (Existing Customers)	£7,500	£25,000	1 year	5 years	7.2%	£7,500 to £14,999
	Representative Example: The representative APR is 6.3% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.3% p.a. (fixed) you will repay £235.42 per month & £11,300.16 in total. Flexclusive Personal Loan deal- exclusively available to Nationwide new and existing FlexAccount debit card customers (excluding cash card+) who are... more Flexclusive Personal Loan deal- exclusively available to Nationwide new and existing FlexAccount debit card customers (excluding cash card+) who are eligible for an overdraft and: - Paid £750 or more per month (excluding internal transfers) into their FlexAccount for the last three months (discretion will be shown for accounts opened within the last three months). OR - Agree to transfer all their Direct Debits and standing orders from an account with another bank or building society using Nationwide's Account Transfer Service (requested via branch or telephone).
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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.

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 that 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.

Loan Comparison

View all loan reviews.

Alternative Loans

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

M&S Personal Loan

30 days first payment due is offered.
Take advantage of 6 percent representative APR from M&S.
Get a minimum loan term of 1 yr.
Customers get 3 months deferred start from M&S.
Representative Example: The representative APR is 6% (fixed) so if you borrow £10,000 over 4 years at a rate of 6% p.a. (fixed) you will repay £234.11 per month & £11,237.28 in total.

Ulster Bank Personal Loan

The Ulster Bank loan has a 9.8 percent initial representative APR.
Customers get £10,000 to £25,000 introductory representative loan amount from the Personal Loan.
1 yr minimum loan length is offered to you.
9.8% 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 £250.67 per month & £12,032.16 in total.

Blemain Finance Blemain Loan (Prime 1)

Customers get £30,000 maximum loan.
You get £15,001 to £60,000 introductory representative loan amount.
Customers will have the benefit of 15.9% headline representative APR.
Get 3 years minimum loan duration.
Customers get minimum loan of £5,000.

Lloyds TSB Personal Loan

Personal Loan offers an arrangement fee of 0%.
3 months deferred start is offered with Personal Loan.
5 yrs maximum loan term is available with this loan.
Personal Loan gives a headline representative APR of 8.9 percent.
Representative Example: The representative APR is 8.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 8.9% p.a. (fixed) you will repay £257.47 per month & £12,358.56 in total.

Nemo Personal Finance Nemo

0 months [attribute name] available..
You enjoy 8.22% introductory representative APR.
Get 25 yrs max loan term from Nemo Personal Finance.
You enjoy 3 years mininum loan period from this loan.
Minimum loan term of 3 years is available to customers.

RateSetter Variable Rate Unsecured Personal Loan

Customers get £2,000 to £15,000 headline representative loan amount from RateSetter.
New customers get 7.1 percent representative APR.
£1,500 minimum loan is available with this loan.
The loan offers 2 yrs max loan term.
A promotional representative APR of 7.1 percent is available from RateSetter.
Customers get 1 year minimum loan length from RateSetter.com.
Representative example: The representative APR is 7.1% (variable) so if you borrow £10,000 over 2 years at a rate of 7.1% you will repay £446.65 per month and £10,719.73 in total. Requires a good credit history.

Car Loan 4U Car Loan (Bad Credit History)

£3,000 to £50,000 initial representative loan amount.
Customers can get 1 yr minimum loan duration.
You will get representative APR of 33.9%.
Get £3,000 minimum loan.
New customers get 5 yrs maximum loan term from Car Loan 4U.
Get 30 days 1st payment due.
Representative Example: The representative APR is 33.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 33.9% p.a. (fixed) you will repay £349.96 per month & £16,798.08 in total.

Car Loan 4U Car Loan (Fair Credit History)

Customers get 5 yrs max loan term from the Car Loan (Fair Credit History).
Minimum loan of £3,000 is available to customers.
New customers will enjoy 18.9 percent representative APR.
Max loan of £50,000 is offered.
0 mth deferred start is offered with Car Loan (Fair Credit History).
Representative Example: The representative APR is 18.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 18.9% p.a. (fixed) you will repay £287.46 per month & £13,798.08 in total.